Everybody Calm Down about DeSantis’s Campaign Debut

On the menu today: Wow. Ron DeSantis did not have the debut he expected or wanted last night, as Twitter Spaces buckled and collapsed under the weight of the 600,000 or so people who wanted to listen in to his announcement and his interview with Elon Musk, along with other guests. This morning, one bunch of people are insisting this was a disastrous and consequential stumbling start that may well doom DeSantis’s campaign effort, while another bunch of people are insisting all the crash reflects is the enormous interest in the Florida governor’s presidential campaign. As usual, the truth is somewhere in the middle. With that said, Musk is going to get hard, fair questions about how prepared Twitter was for an event on this scale. Meanwhile, the contention that last night was “the most embarrassing thing that has ever happened to a presidential candidate” is so spectacularly inaccurate. It reflects an ignorance of recent American political history that is best explained by severe amnesia. Finally, we consider the geopolitical implications of an overlooked bit of financial news.

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