Category Archives: 2020 Presidential Campaign

Economy Not Sheltering in Place

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The economy isn’t sheltering in place. It’s heading down. Fast.

Goldman Sachs forecasts 15% unemployment and a 34% decline in GDP in the second quarter. And the stock market just finished its worst quarter since 2008.

Goldman Sachs is still predicting a “V-shape” recovery, however, meaning the steep drop-off will lead to a bigger bounce of 19 percent in the third quarter.

The Hill

Economy Not Sheltering

The election is seven months away. Can Trump pull the economy out of its Corona nose dive by then?

Scott Brennan, an Iowa Democratic National Committee member and a former state party chairman, said, “If the economy pops back … it’s hard to know what people are going to think.”

Politico

 

Bernie Sanders is Wasted on the Young

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Bernie Sanders is wasted on the young. Millennials like the old socialist but they don’t show up to vote for him.

According to Vox Bernie won 58% of the under 30 vote on Super Tuesday. But there weren’t enough of them. Forty-two percent of the 45 to 64 crowd went for Biden compared to twenty-five percent for Sanders. And in the over 65 set Biden beat Sanders 48% to 15%.

Millennials

Interestingly, people over 65 are also more likely to die from COVID-19 . So they tend to shelter in place. Maybe Bernie’s millennials skipped the polls for spring break.

Biden not Senile During Debate with Sanders

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Joe Biden has a hairy leg up on Bernie Sanders for the Democratic nomination. If he can reassure voters he’s not senile.

The two members of the COVID-19 high risk set engaged in debate Sunday night.

Joe Biden, the 77 year old hero of the hazy center left establishment, took on 78 year old grumpy socialist Bernie Sanders. At a safe social distance, of course, and in front of no audience.

Biden surprised me in 2012 when he schooled Paul Ryan in a vice presidential debate. But he hasn’t aged gracefully and I thought Bernie would wipe the floor with him on Sunday. Except, I forgot that Sanders was highly likely to lead with his chin on “Medicare for All.” Which he did.

When Bernie griped that America was ill prepared for the Corona Pandemic because “We’ve got thousands of private insurance plans. Joe didn’t miss a beat. He pointed out that Italy has a single payer system and is way worse off than we are. So far.

Biden Not Senile

Vox says Biden “delivered his first coherent campaign message on Sunday night:”

“People are looking for results, not a revolution.”

 

Sleepy Joe, Senile Joe or Super Joe?

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The party has greased the skids for Sleepy Joe, Senile Joe or Super Joe, depending on your point of view.

Here’s the Real Clear Politics Poll average half an hour before tonight’s debate.

 

Billionaire’s Don’t Buy Elections Like They Used To

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Billionaire’s don’t buy elections like they used to. If they ever did. Former hedge fund tycoon Tom Steyer dropped out of the Democratic primary after blowing $150 billion. And didn’t he have a single delegate to show for it.

Billionaire Loser’s Category

But Steyer couldn’t even remain a winner in the loser’s category for long. Mayor Mike soon ended his campaign after spending over half a billion to win four delegates from American Samoa.

In the days before campaign finance reform fat cats spent their money on real politicians, instead of themselves. That’s how Gene McCarthy derailed Lyndon Johnson’s re-election in 1968. Fifty donors funded a third of McCarthy’s campaign. They’d go to jail for that today.