Barring any last-minute plot twists or other surprises, Nancy Pelosi is going to be the next speaker of the House and reclaim the gavel she had to give up eight years ago. She has now secured a clear majority of votes from the total incoming House, meaning it doesn't even matter now whether Democrats who aren't voting for her vote for someone else or just vote "present." This no longer matters, because Pelosi now has the votes to become speaker no matter how the rebels vote.

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President Donald Trump sat down with incoming Democratic congressional leaders Nancy Pelosi and Chuck Schumer yesterday, and he kept the cameras rolling to capture the first time the three had met in over a year's time. What ensued was nothing short of The Apprentice: Oval Office. The only real difference being that Trump is now playing the role of the apprentice, still getting up to speed after two years on the job. Pelosi and Schumer, or as Trump likes to call them, "Chuck and Nancy," spent a little over 15 minutes schooling the president on: the outcome of the midterm elections, how Congress works, the legislative process, border security, and (as a bonus) what is true and what is not. Reality television at its finest!

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Welcome back to Friday Talking Points, after our one-week Thanksgiving break! Hope everyone had a great holiday and didn't eat too much turkey.

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General Motors just announced several plant closures and over ten thousand layoffs, in a bid to restructure their operations for the future. Americans aren't buying so many sedans any more, so GM is shuttering some plants that make these cars. This includes a plant in Ohio, after President Trump personally promised workers that no factories would be shutting down there. Trump even went further, by personally advising Ohio workers not to sell their houses and move since manufacturing jobs would be such solid future prospects. So the GM announcement came as a rather personal blow to the president.

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Most Americans, not being political wonks, have largely moved on from the midterm election results. The mainstream media has also largely been ignoring the still-developing story, for two reasons: (1) they really kind of blew it on Election Night, uniformly coming to the wrong conclusion very early in the evening ("the blue wave is not appearing") and so they're now avoiding having to correct their misinterpretation; and (2) there's a recount in Florida again! Woo hoo! Break out the video clips of that poor myopic cross-eyed guy with the magnifying glass -- that's always fun to run, right?

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Our subtitle today is (appropriately) nothing short of a talking point. Democrats just won their biggest pickup in the House of Representatives since 1974, the first post-Watergate election. That's not only impressive, it's downright historic. But, for some reason, many Democrats and many pundits are concentrating solely on the downside rather than face the many ballot-box victories the Democrats just chalked up. We have no real reason why this is so, and we wonder why so many seek the dark lining to what is indisputably a very silver cloud. Democrats won, and they won big. They didn't win every race, and some rock-star candidates lost, but why dwell on it? There were so many other wins Tuesday night that more than made up for it, after all.

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Democrats are poised to start setting the political agenda in the House of Representatives, beginning in January. This agenda will consist of three different types of actions: investigating the Trump administration, doing legislative deals with Trump where possible, and creating the Democratic Party platform for the 2020 election.

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Was it a blue wave, or (as one television commentator last night waggishly put it) only a "blue ripple"? The one thing everyone can agree upon is that it wasn't actually a tsunami, but I'm still kind of surprised at the bickering this morning over the precise amplitude of the Democratic victories last night (as measured in metaphorical ocean waves), because no matter how you spin it Democrats had a really good night pretty much everywhere but the Senate races. Since the Senate was always going to be tough, this wasn't all that big a deal, really, but some today seem overly dismayed by the fact that Democrats didn't run the table everywhere.

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In 2003, Al Franken wrote a book called Lies: And The Lying Liars Who Tell Them, which was written about Fox News (Bill O'Reilly, in specific). Though the title now seems prophetic in the age of Trump, even Franken would have had a hard time believing back then how far the right wing would eventually go down this rabbit hole.

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Does anyone else remember the Soviet Union, and their grandiose "five-year plans"? They'd plan their country's economic future out using these plans, which were always constructed backwards: they would take the result they wanted to achieve, and then work the numbers back from that to show that it would happen (on paper). The thing about them was, though, they were wildly unrealistic and not connected to the reality on the ground at all. So the rest of the world just laughed at them, for the most part.

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