The number one single today in 1974 promises …
That same day, the number one album was Carole King’s “Wrap Around Joy”:
The number one single today in 1974 promises …
That same day, the number one album was Carole King’s “Wrap Around Joy”:
Talk about tone deaf.
Gov. Tony Evers demands the state Legislature convene a special session at 2 p.m. [Thursday} to take up gun-restriction bills — just 16 days before the start of Wisconsin’s nine-day gun deer season.
The annual hunting season is a Wisconsin tradition older than the Brandy Old-Fashioned, and cherished by families throughout the Badger State.
The hunt, as should be abundantly clear, involves the use of guns. Unlike many of his predecessors, the governor isn’t what you would call a gun guy. He’s definitely not a deer-hunting guy.
The Madison Democrat is more at home playing pickle ball at the Governor’s Mansion and pushing gun-control policies than he is in a tree stand or tracking whitetail tracks through a snow-covered woods. You’ll find plenty of photos of former Govs. Scott Walker, Scott McCallum, and Tommy Thompson, as well as former Lt. Gov. Rebecca Kleefisch decked out in blaze orange or camo on the hunt. Evers is more of a tweed sport coat fellow with an eye for regulatory code.
Evers wants the Legislature to move legislation on universal background checks and a so-called “red flag” bill that would give judges and relatives of individuals perceived to be threats increased power to take away guns.
Last month, Evers told reporters he would consider mandatory government “buybacks” of assault weapons, a la the proposal called for by failed Democrat presidential candidate Beto O’Rourke. A government “buyback” is a strange characterization of a what it really is: government seizures.
That kind of legislation feels like an assault on the Second Amendment and gun rights to a lot of hunters, some of whom use semi-automatic weapons on the hunt. Restrictionists have attempted to apply the moniker of “assault weapon” on just about anything that fires. While liberals like Evers insist that weapons bans and background checks aren’t designed to go after the average hunter’s guns, guns-rights activists have good reason to be concerned about the slippery slope of expanded government control.
Evers may not be into tracking deer, but he and his liberal advisers are political animals. The governor wants the political show a gun-control floor debate would create. Republican leadership isn’t biting.
Senate Majority Leader Scott Fitzgerald (R-Juneau) and Assembly Speaker Robin Vos (R-Rochester) have said they are not interested in taking up legislation that restricts gun rights of law-abiding citizens.
“Wisconsin’s sporting heritage should be celebrated – and has been by leaders in our state for years. Sadly this year, I’m hearing from hunters all over southeastern Wisconsin that they’re afraid of what Tony Evers is up to just two weeks ahead of deer season. We weren’t elected to take away Second Amendment rights and I don’t plan on starting now,” Fitzgerald told Empower Wisconsin in an email statement.
Fitzgerald on Tuesday said Republicans expect to gavel in and gavel out without taking up any of the Democrats’ proposals. Dems worry the GOP majority won’t give them the show they’re looking for.
First, as a non-hunter and as someone who drives throughout this state at night (I had to swerve around a dead deer last weekend), including during the deer rut and deer hunting seasons, I fully support deer hunting because every deer a hunter shoots is one I won’t hit with my car. Evers’ party, on the other hand, is infested with animal rights activists who not only avoid hunting, but believe no one should be able to hunt or fish. (Or eat meat, or wear leather or fur.) Add to that the usual anti-gun types, and that’s the toxic mixture Milwaukee and Madison voted into office in November.
First, today in history, from the National Weather Service: Today in 1870, one week after the creation of the meteorological division of the Signal Service (which became the National Weather Service), the first “cautionary storm signal” was issued for an impending Great Lakes storm. They’re called storm warnings now.
The number one single today in 1969:
The number one single today in 1975 …
… on the day David Bowie made his U.S. TV debut on Cher’s show …
… and Elton John’s “Rock of the Westies” debuted on the album chart at number one:
We know by now that Donald Trump has his ardent supporters, his fierce critics, and Republicans who don’t support him.
About that third group, Tim Miller writes:
There they are, deep in the wilderness. It might be hard for you to see them. After all they barely exist in the wild. They have gone nearly extinct. If you can’t spot them, you might be able to hear their labored breathing, seeing as they are simultaneously gasping for air and on a respirator powered only by their unyielding belief in norms.
It is the much maligned anti-Trump Republicans, expelled from the herd, lurking in the bush, waiting for the moment when they will determine the next president of the United States.
Wait, what?
Absurd, you ask? Maybe so. Far-be-it from me to predict the outcome of next year’s presidential contest. But a new series of PTSD-inducing polls from the New York Times showed that an election hinging on the exanimate Never Trump caucus is a live possibility.
The polls, which were taken in the six battleground states where Trump won most narrowly in 2016 tested the president’s head-to-head performance against his top polling Democratic rivals—Joe Biden, Elizabeth Warren, and Bernie Sanders. The results were revealing and should jar any liberals under the impression that Trump has been fatally hobbled by scandal from their comfortable epistemic bubble.
Biden was the only candidate of the three to beat Trump in the hypothetical match-ups, and he did so by narrowly edging the president in Michigan, Pennsylvania, Wisconsin, Florida, and Arizona while trailing in North Carolina. It was Trump who came out on top narrowly in the other-matchups, sweeping all six states against Warren and losing only Michigan to Sanders. …
Now there are plenty of caveats to apply here. Of course you don’t want to overanalyze one poll or settle on big-picture takeaways from small subgroups in the crosstabs. Most of the numbers here are within the margin of error. And we are still a year from the election. But they’re not nothing. As Nate Cohn points out, in the past few cycles the polls one year out from the election have been approximately as accurate as those one day before.
With those caveats in place, this poll suggests one real possibility where the determining voters in the next election are the very people I keep hearing are extinct—center-right swing voters. It is on their backs the Biden eeks out a hypothetical victory while Warren and Sanders fall to defeat.
That this possibility is dismissed so often—in favor of base-maximization politics only—has never made sense to me. Looking at the 2016 results, Hillary’s defeat was due in large part to four key groups:
(a) Voters who didn’t like either candidate but voted third party (there was a massive jump in this group from 2012-2016);
(b) Voters who didn’t like either candidate but supported Trump overwhelmingly;
(c) Voters who didn’t turn out (who were disproportionately non-white);
(d) The much ballyhooed white working-class Obama-to-Trump voter.
Three of those four groups were swing-voter targets for Democrats, not turn-out targets.
And who did the New York Times poll show as supporting Biden against Trump, but not Warren and Sanders? It wasn’t the Obama-to-Trump voters. It was the human scum.
Mr. Biden holds the edge among both registered voters and likely voters, and even among those who cast a ballot in 2016. He has a lead of 55 percent to 22 percent among voters who say they supported minor-party candidates like Gary Johnson and Jill Stein, and among those who say they voted but left the 2016 presidential race blank. It comes on top of a slight shift—just two points in Mr. Biden’s favor—among those who say they voted for either Mrs. Clinton or Mr. Trump.
Welcome Evan McMullin and Gary Johnson voters! You are the differentiators!
There’s more:
An analysis of the 205 respondents from the six core battleground states who support Mr. Biden but not Ms. Warren suggests that she might struggle to win many of them over… [They] are relatively well educated and disproportionately reside in precincts that flipped from Mitt Romney in 2012 to Mrs. Clinton four years later. They oppose single-payer health care or free college, and they support the Republicans’ 2017 tax law. They are not natural Democratic voters: 41 percent consider themselves conservative; 20 percent say they’re Republican; 33 percent supported Mr. Trump or Mr. Johnson in 2016.
Conservative. Pro tax-cut. Living in suburban Romney-to-Clinton precincts. These are your classic Never Trumpers—and it certainly is not the voter profile being targeted by either the Democratic primary candidates nor the president.
The state-by-state crosstabs confirm this analysis. In Wisconsin, Biden does a net 5 points better than Warren in the crucial Milwaukee suburbs. Warren and Sanders both outperform him among voters with less education, but Biden gains with college and post-grad white voters.
Overall across the six states, Biden does no better than Sanders/Warren among the non-college whites who have dominated the conversation about the last election, while he runs up the score among college-educated white voters and voters of color. Harry Enten notes that this trend isn’t just in the Times poll. A recent CNN poll shows a big gap between the candidates among non-Democrats who might support one of them in a general election.
So while there is no reason to believe that the election next year will turn out exactly the same as one November 2019 NYT/Siena poll, it does show the political power and saliency of a group that is often dismissed and not currently being catered to by either party.
When it comes to the 2020 general election, as Jon Ralston would say: To all you Human Scum, #WeMatter.
It would seem to depend, as I posted here yesterday, whether the #NeverTrump voters think what Trump does is more important than what Trump says.
It appears that predictions of the incompetence of the Evers administration following his election one year ago were too optimistic.
Beyond his attempts to raise taxes by $1 billion, his abuses of the First Amendment and his attacks on Wisconsin businesses, the Evers administration is rapidly demonstrating incompetence at non-political things, like letting your constituents and the news media know where you will be, while politicizing what should be nonpolitical things, with bad results.
Today’s exhibit A is reported by M.D. Kittle:
Not known for controversy, the Wisconsin Department of Tourism has become a hive of intrigue in the Evers era, in which liberal politics seem to touch even the most benign levels of government.
And not even Packers legend Donald Driver is safe under the new regime, sources tell Empower Wisconsin.
Several media outlets this week reported Tourism Secretary Sara Meaney has been criticized for reportedly trying to push out Kathy Kopp, a longtime member of the Governor’s Council on Tourism. The department also is in hot water for apparently violating Wisconsin’s open records laws, an all-too-common charge lodged against the Evers administration.
Kopp declined to comment for this story, but in an email to Meaney she notes the secretary had asked Kopp to resign her position as early as December. Kopp, a widely respected tourism leader twice reappointed to the tourism council by former Gov. Scott Walker, a Republican, plans to retire next year as director of the Platteville Area Chamber of Commerce. She’s held that post for nearly 30 years.
“As I indicated to you, I had not thought about resigning early, especially before my duties here at the Chamber are completed,” Kopp wrote in the email, which she shared with some of her fellow council members.
Meaney, in her response to Kopp, wrote that she was disappointed in what she described as Kopp’s “gross mischaracterization” of their conversation and in Kopp’s “choice of this public channel to communicate.”
Multiple sources tell Empower Wisconsin that there was no mischaracterization of Meaney’s intention of getting rid of Kopp, who represents southwest Wisconsin, a region of the state not “diverse” enough for Meaney’s liking.
Officials from the Department of Tourism did not return Empower Wisconsin’s phone calls Tuesday seeking comment.
State Sen. Andre Jacque (R-De Pere) in a letter to Meaney expressed his concerns about what he described as the secretary’s repeated suggestions that Kopp resign. He claimed that the requests occurred in several phone calls that Meaney initiated.
Jacque wrote that he is concerned about Meaney’s indication that her criteria for future council appointees “are primarily weighted toward ethnic and cultural diversity, especially as tourism stakeholders outside of Madison and Milwaukee have repeatedly indicated anxiety that tourism investments will increasingly shift to those two largest urban areas of our state.”
Meaney and Evers have said they want to in particular to devote more focus on Milwaukee, site of next year’s Democratic National Convention.
It’s no surprise that Meaney, a longtime Milwaukee resident, would lead the department in a Milwaukee-centric direction. It is concerning to some observers that the nonpolitical agency has become so partisan.
The Department of Tourism these days is populated by plenty of left-leaning partisans. Craig Trost, the department’s comms director, previously served as political director for U.S. Rep. Mark Pocan (D-Madison), chief of staff for state Sen. Lena Taylor (D-Milwaukee), and as an aide for state Rep. Chris Taylor (D-Madison).
Deputy Secretary Anne Sayers previously worked as deputy state director of For Our Future, a progressive political action committee, where she pushed issues such as climate change and racial justice. In that capacity, she also led political operations in Wisconsin in which she worked to “build the influence of partner organizations” such as Big Labor, which dumped north of $12 million into For Our Future’s political action coffers in the last election cycle, according to the Center for Responsive Politics.
Jacque — chairman of the Senate’s Committee on Local Government, Small Business, Tourism and Workforce Development — also raised concerns about tourism’s attempt to elect officers and members of the council’s marketing committees via an online poll. Doing so is a violation of the state’s open meetings law.
“It appears that the Governor’s Council on Tourism may have violated Wisconsin’s Open Meetings law, which is deeply concerning to me — even more so as there are revelations that unknown individuals are voting multiple times, and perhaps including individuals who are not supposed to be casting a ballot. It appears that the council’s vote itself was not conducted at a meeting that was properly noticed and open to the public,” the senator wrote.
Kopp and another member were in the running for chairperson of the council.
Tourism leadership also prevented legislative representatives on the council from casting ballots, which also appears to be against the law.
Empower Wisconsin also has learned that the Department of Tourism has decided it will no longer feature Green Bay Packers legend and “Dancing with the Stars” champion Donald Driver in its ad campaigns. Driver, sources say, is contracted to serve as tourism spokesman through 2020.
What possible reason could there be to no longer use Driver, one of the most popular Packers during and after his playing career?
To quote ’80s commercials, but wait! There’s more! Madison.com reports:
With Gov. Tony Evers making an unusual appearance on the Senate floor, Republicans voted Tuesday to fire the Democratic governor’s embattled agriculture secretary.
The denial of Brad Pfaff’s nomination to head the Department of Agriculture, Trade and Consumer Protection comes after a last-ditch effort by several Democratic lawmakers and agricultural groups to secure Pfaff’s job. The vote marks the latest partisan clash between Evers and Republicans, who hold the majority of the Legislature.
The Senate voted 19-14 along party lines to deny Pfaff’s nomination, with all five Republicans who voted in favor of Pfaff in committee — Howard Marklein, of Spring Green; Jerry Petrowski, of Marathon; Patrick Testin, of Stevens Point; Andre Jacque, of De Pere; and Kathy Bernier, of Chippewa Falls — changing their votes Tuesday.
A governor’s appointee has not been denied by the Senate since at least 1987, according to the Legislative Reference Bureau.
Evers told reporters he attended the Senate floor session to hear arguments for and against Pfaff, whom he regards as “one of the most distinguished agriculture leaders” in the state.
His appearance is likely the first time in modern history that a Wisconsin governor was present for a floor vote. A staffer for Sen. Fred Risser, D-Madison, who was first elected to the Legislature in 1956, said the senator could not recall a Wisconsin governor ever being present for a Senate floor session, although former Democratic Gov. Patrick Lucey once phoned him on the floor.
After the vote, Evers expressed his stern disapproval, peppered with expletives, and lamented what he said was a chilling effect the Senate’s action might have for cabinet secretaries who are not yet confirmed. Pfaff was fired ostensibly for offending Republicans in comments this summer. …
After the Senate session Tuesday, Fitzgerald said there might be other nominees who have yet to garner enough support from Republicans, including Sara Meaney, secretary of the Department of Tourism. Fitzgerald did not elaborate on why Meaney might not have support from Republicans.
In addition to Meaney, Fitzgerald said Dawn Crim, secretary of the Department of Safety and Professional Services; Craig Thompson, secretary of the Department of Transportation; and Andrea Palm, secretary of the Department of Health Services, also may have trouble getting support from enough Republican senators to secure approval. …
After the vote, Marklein said in a statement that he has been disappointed in Pfaff since he and other committee members approved Pfaff’s nomination in February.
“At the time, I was hopeful that Mr. Pfaff would be a positive, strong leader for an agency that has traditionally been nonpolitical and focused on the industries it supports,” he said in the statement.
“Mr. Pfaff has played politics with information and has attacked the Legislature to the detriment of his agency. He was willing to use political talking points to further a political agenda, when he should have been focused on doing what is best for farmers and consumers.”
Pfaff, who served as deputy administrator for farm programs in the U.S. Department of Agriculture under former President Barack Obama and most recently was deputy chief of staff for U.S. Rep. Ron Kind, D-La Crosse, drew the ire of some Republicans in July when he criticized the Legislature’s budget committee for failing to release funds for mental health assistance to farmers and their families.
Noting DATCP had funding at the time for just five mental health counseling vouchers for farmers while the suicide rate among farmers was rising, Pfaff told committee members they had a choice to make: “Which five farmers will it be.”
At the time, Fitzgerald called the comment “offensive and unproductive.”
DATCP also has also been under fire for proposed updates to the state’s farm siting regulations. The proposed regulations would update the state’s nearly 14-year-old livestock facility siting rule ATCP 51, which is used by participating local governments to set standards and procedures — focused on setbacks from property lines, management plans, odor, nutrient and runoff management, and manure storage facilities — that must be followed by new or expanding livestock facilities. …
Two other cabinet secretaries up for a vote Tuesday, Mark Afable, commissioner of insurance, and Rebecca Valcq, chairwoman of the Public Service Commission, were approved by the Senate.
The fact that Afable and Valcq were confirmed gives the lie to the accusation that the Senate GOP is doing nothing other than playing politics.
The Senate should in fact not confirm Thompson, whose entire career has been about nothing other than calling for building roads at whatever price taxpayers need to pay, and Meaney, who has turned the Department of Tourism into a partisan disaster area even before she officially has the job.
Today in 1967, DJM Publishing in London signed two young songwriting talents, Reginald Dwight and Bernie Taupin. You know Dwight better as Elton John.
At the beginning of Richard Nixon’s presidency, his attorney general (later reelection campaign manager before he was jailed after Watergate) John Mitchell famously told the news media to “Watch what we do and not what we say.”
And so we have what Fox News reports:
Author and pollster Frank Luntz said Monday that President Trump’s rhetoric is having an effect on voters that he has never observed before.
Speaking on Fox News Radio’s “Brian Kilmeade Show,” Luntz said new focus group research from the past 10 days shows a majority of voters approve of what Trump is doing as president but disapprove of what he says.
“A majority of the public like what Donald Trump is doing and a majority of the public don’t like what he’s saying. This is the first time that I can remember. Usually, it’s the opposite direction,” he explained, noting that past presidents were generally liked by the public, but their policies turned off voters.
“Trump is hurting himself” with his language and his messaging, Luntz said, advising the White House to focus on economic growth, rising wages and low unemployment in order to improve the president’s poll numbers.
“Only 43 percent of Americans approve of the president right now. It’s his language, it’s his messaging, it’s his fighting with everyone. If he wants to be re-elected, he would do a lot better focusing on what he’s done for the country and stop this constant fighting with everybody,” said Luntz, author of “Words That Work.”
Kilmeade said that strategy would go against the president’s style and predicted he will hit back at his opponents just as hard as long as House Democrats proceed with their impeachment inquiry.
Luntz said Trump should remind voters that Democrats were elected in 2018 to work on issues like border security, infrastructure and health care, but are instead focused on impeachment.
“They have gotten nothing done, nothing, except for investigation … There have been more subpoenas by the Democrats than there have been laws signed into being this last year because of this impeachment. That is the best way to challenge impeachment,” he argued.
Nearly half of voters want Trump impeached and removed from office, according to a new Fox News Poll. In addition, 6-in-10 believe the president did ask foreign leaders to investigate political opponents — and two-thirds say that action is inappropriate.
Forty-nine percent want Trump impeached and removed from office, 4 percent say he should be impeached but not removed, and 41 percent oppose impeaching Trump. That’s about where things stood in early October, when 51 percent said impeach/remove, 4 percent impeach/don’t remove, and 40 percent opposed altogether.
The two-point dip in support for impeachment comes from a 5-point decline among Republicans, as 8 percent favor impeachment now, compared to 13 percent in early October.
More voters believe Trump asked Ukraine to probe his rivals (60 percent) and that he held up military aid as pressure to get what he wanted (52 percent), than favor impeaching him for doing so (49 percent).
One would think people would vote for someone who did what they liked regardless of what that someone said, but Trump defies usual rules.
In 2018, Democratic candidates waded into hostile territory and flipped 40 House districts, many of them moderate or conservative in their makeup. In almost every instance, their formula centered on narrowing their target profile by avoiding controversial positions, and focusing obsessively on Republican weaknesses, primarily Donald Trump’s abuses of power and attempts to eliminate health insurance for millions of Americans.
The Democratic presidential field has largely abandoned that model. Working from the premise that the country largely agrees with them on everything, or that agreeing with the majority of voters on issues is not necessary to win, the campaign has proceeded in blissful unawareness of the extremely high chance that Trump will win again.
A new batch of swing state polls from the New York Times ought to deliver a bracing shock to Democrats. The polls find that, in six swing states — Michigan, Pennsylvania, Wisconsin, Florida, North Carolina, and Arizona — Trump is highly competitive. He trails Joe Biden there by the narrowest of margins, and leads Bernie Sanders and Elizabeth Warren.
Normally, it is a mistake to overreact to the findings of a single poll. In general, an outlier result should only marginally nudge our preexisting understanding of where public opinion stands. This case is different. To see why, you need to understand two interrelated flaws in the 2016 polling. First, they tended to under-sample white voters without college degrees. And this made them especially vulnerable to polling misses in a handful of states with disproportionately large numbers of white non-college voters. The Times found several months ago that Trump might well win 270 Electoral College votes even in the face of a larger national vote defeat than he suffered in 2016.
All this is to say that, if you’ve been relying on national polls for your picture of the race, you’re probably living in la-la land. However broadly unpopular Trump may be, at the moment he is right on the cusp of victory.
What about the fact Democrats crushed Trump’s party in the midterms? The new Times polling finds many of those voters are swinging back. Almost two-thirds of the people who supported Trump in 2016, and then a Democrat in the 2018 midterms, plan to vote for Trump again in 2020.
Perhaps some of that movement represents a desire by voters to check Trump’s power and restore divided government. But the poll contains substantial evidence that Trump’s party lost the midterms for the hoary yet true reason that Republicans took unpopular positions, especially on health care, and ceded the center. Rather than learn the lesson, Democrats instead appear intent on ceding it right back to them.
The “center,” of course, is a somewhat hazy concept, subject both to overinterpretation and misinterpretation. Capturing the center isn’t the only reason politicians win elections, and some policies that Washington elites consider “radical” are in fact popular. Nonetheless, it really is true that there are a bunch of persuadable voters who can be pushed away from a party based on their perception that it’s too radical.
And the Democratic presidential primary has been a disaster on this front. The debate has taken shape within a world formed by Twitter, in which the country is poised to leap into a new cultural and economic revolution, and even large chunks of the Democratic Party’s elected officials and voting base have fallen behind the times. As my colleague Ed Kilgore argues, the party’s left-wing intelligentsia have treated any appeals to voters in the center as a sign of being behind the times.
Biden’s paper-thin lead over Trump in the swing states is largely attributable to the perception that he is more moderate than Elizabeth Warren or Bernie Sanders. Three-quarters of those who would vote for Biden over Trump, but Trump over Warren, say they would prefer a more moderate Democratic nominee to a more liberal one, and a candidate who would find common ground with Republicans over one who would fight for a progressive agenda.
There are lots of Democrats who are trying to run moderate campaigns. But the new environment in which they’re running has made it difficult for any of them to break through. There are many reasons the party’s mainstream has failed to exert itself. Biden’s name recognition and association with the popular Obama administration has blotted out alternatives, and the sheer number of center-left candidates has made it hard for any non-Biden to gain traction. Candidates with strong profiles, like Cory Booker and Amy Klobuchar, have struggled to gain attention, and proven politicians like Michael Bennet and Steve Bullock have failed even to qualify for debates.
But in addition to those obstacles, they have all labored against the ingrained perception that the Democratic party has moved beyond Obama-like liberalism, and that incremental reform is timid and boring. The same dynamic was already beginning to form in 2016, though Hillary Clinton overcame it with a combination of name recognition and a series of leftward moves of her own to defuse progressive objections. Biden’s name brand has given him a head start with the half of the Democratic electorate that has moderate or conservative views. But it’s much harder for a newer moderate Democrat lacking that established identity to build a national constituency. The only avenue that has seemed to be open for a candidate to break into the top has been to excite activists, who are demanding positions far to the left of the median voter.
The primary has not doomed Democrats. Warren and Sanders are still close enough to Trump that they can compete, and new events, like a recession or another scandal, could erode Trump’s base. But the party should look at its position a year before the election with real fear. The party’s presidential field has lost the plot.
Warren is a particular problem, according to CNBC:
The bitter feud between Sen. Elizabeth Warren and Wall Street is spilling into Democrats’ efforts to take back the Senate next year.
Some finance executives have recently told Senate Minority Leader Chuck Schumer that they are, for the moment, holding back from donating to Democrats running for Senate in 2020 due to their concerns with Warren becoming a front-runner in the race for the party’s presidential nomination, according to people familiar with the conversations. These people spoke on the condition of anonymity due to the private nature of the talks.
The move is intended to put pressure on party leadership and Schumer, who represents New York and has received millions of dollars in donations from Wall Street, to distance themselves from Warren’s economic populism.
These financiers, which include hedge fund managers and private equity executives, are also worried that Warren’s policies, were she to defeat President Donald Trump, could be detrimental to their businesses. They believe Republicans could keep her potential administration in check if the GOP holds onto or expands its Senate majority. Republicans have a 53-47 majority in the Senate; Democrats need to flip a net of four seats to take control.
“They feel, rightly or wrongly, attacked. Not just that there will be higher taxes, but that she is running her entire campaign as them being boogeymen,” said a political advisor familiar with the deliberations. “They don’t feel safe going to Trump, they feel disillusioned by Biden and they see this as a tactic to slow her down. They see it as a way to put pressure on the party as a whole to move away from Warren.”
This person did admit, however, that the financiers are playing right into Warren’s messaging against wealthy donors influencing politics by stonewalling Schumer on donations.
The donors’ signals to Schumer come as they are increasingly frustrated with former Joe Biden’s campaign, which has lagged behind Warren, Sen. Bernie Sanders and South Bend, Indiana, Mayor Pete Buttigieg. They had hoped he would be the clear front-runner, particularly because of his experience as President Barack Obama’s vice president. His once-double-digit lead in Real Clear Politics’ national polling average has him up an average of nearly 9 points over Warren, who had briefly overtaken Biden last month. An NBC News-Wall Street Journal poll released Sunday has Biden up 4 points over the Massachusetts senator.
These executives also privately say that they still hope Biden will become the Democratic nominee as they contend he is the only candidate who can beat Trump in key battleground states. A New York Times Upshot poll released Monday shows Biden tied or ahead of the president with registered voters in swing states including Michigan, Pennsylvania, Wisconsin and Florida. Warren, on the other hand, is behind or even with Trump in most of those states.
Bernard Schwartz, a longtime Democratic donor and the CEO of BLS Investments, acknowledged that he knows of people on Wall Street who have declared to Schumer and party leadership that they won’t spend in favor of Democratic Senate candidates if Warren is the nominee.
“I think at the end of the day it’s going to be very hard for Elizabeth Warren to be the leader of the party,” he said, while adding he likes her personally yet is not in favor of some of her policies. “I think the party is much more centrist than the people who have the microphone.”
Schwartz, who said he doesn’t think Warren could beat Trump, is currently backing Biden for president and said he wants to contribute to the new pro-Biden super PAC Unite the Country. He also said he doesn’t believe that there are many Democrats in the financial industry who would refuse to help Senate Democrats if Warren is the nominee.
A spokesman for Schumer declined to comment. Representatives for Warren did not return a request for comment.
Schumer has represented New York on Capitol Hill since 1981, after he was elected to the House. In 1998, he was elected senator. During his tenure in the federal government Schumer has received more than $13 million in donations from the securities and investment industry, including from employees and the political action committees of Goldman Sachs, Citigroup, J.P. Morgan and Morgan Stanley, according to the nonpartisan Center for Responsive Politics. …
Warren has publicized a wide range of plans targeting the wealthy and corporations that she wants to implement if she makes it to the White House. Her latest idea is to double her billionaires wealth tax from 3% to 6% to help pay for her $52 trillion “Medicare for All” plan. Warren’s wealth tax proposal would also impose a 2% tax on net worth between $50 million and $1 billion.
Wall Street has responded to her ideas with vitriol and threats. Some Democratic finance leaders have privately warned the party that they could end up sitting out the presidential election entirely or back Trump instead.
Leon Cooperman, a billionaire investor, has virtually gone to war with Warren and wrote in an open letter that he’s being treated by her “as if a parent chiding an ungrateful child.” Cooperman was responding to a tweet in which Warren called on him to “pitch in a bit more.”
Today in 1814, Adolph Sax was born in Belgium. Sax would fashion from brass and a clarinet reed the saxophone, a major part of early rock and jazz.
Joe Biden is at it again — living in his own parallel universe. The same former vice president who says that his son Hunter was hired by a Ukrainian oil and gas company because of his expertise in energy policy is now claiming that President Donald Trump has “squandered” the strong Obama economy he inherited.
Here is how Biden put it in a speech last week in Scranton, Pennsylvania: “Donald Trump inherited a strong economy from Barack and me.” Then he added: “Things were beginning to really move. And just like everything else he’s inherited, he’s in the midst of squandering it.” What’s next? Jimmy Carter taking credit for the Reagan boom?
Sure enough, two weeks after Biden’s jibe, the Labor Department released its October jobs report and what a blockbuster. With revisions from prior months, the economy added some 200,000 new jobs, wages rose at a healthy clip, and hundreds of thousands more workers got in on the action by entering the workforce. In other words, you can look long and hard for that “looming recession,” the media and liberal economists have been warning us of for the last several months. It’s nowhere to be seen.
Today we are at or below record levels of unemployment, inflation and interest rates in half a century. Wages and salaries are rising at their fastest clip in at least two decades. There is an all-time high of 7 million unfilled jobs in the United States.
The Washington Post is freaking out about the continued good news on the economy — especially the latest data — that I reported on two weeks ago (on these pages): that median household income has increased by $5,003 since Trump became president. (The latest September numbers now show median family income up to $66,000 and $5,240 higher than when Trump entered office.) This is based on census data, but the Post ranted last week that Trump continues to “inflate his own numbers.” Nearly every assertion in the article was wrong or twisted, and Trump was right.
What is especially rich in the Post, Joe Biden and others’ claims that Trump’s success is just a continuation of the Obama economy is that this time three years ago, these same Trump-haters promised that a Trump presidency would cause a “global financial calamity” and even a “second Great Depression.” The stock market would “never” recover from Trump’s election, Paul Krugman of The New York Times assured us.
Now — whoops — with the economy surging, all of a sudden, it’s just Obama’s doing. The double standard here is so transparent that only someone suffering from TDS — Trump derangement syndrome — would miss it. If the economy were crashing today, the left would say that it was all Trump’s fault. But with the economy doing quite well, Obama gets the credit.
The continuation of the Obama trend argument is leaky at best. First, Obama gave us the weakest recovery from a recession since the end of World War II. The economy grew by about 14% in the Obama recovery over seven years. In the normal recovery, the economy grew by almost twice that amount, or 27%. In the last Obama year, the economy slowed down to a piddly 1.6% growth, and economists warned that a “recession is right around the corner.”
Yes, Biden is right that at the end of the Obama-Biden presidency, “things were really starting to move” — in the wrong direction. That’s why Trump won the election. Nearly every poll in 2016 showed that jobs and the economy were the biggest worries of the American voters — especially in the Midwestern states that Trump flipped from blue to red.
Income growth had increased in Obama’s second term, but it flattened out in 2016. The surge in middle-class incomes started to accelerate in early 2017, after Trump took office.
Middle-class incomes have grown almost three times faster under Trump than under Obama. This is like trading in a Pinto for a Porsche and as you’re flying down the highway saying it’s just a trend.
Small business and consumer confidence as well as the stock market surged in the days after the Trump election and have stayed high ever since. Coincidence? Hardly.
More to the point, most of Trump’s policies have been to reverse Obama policies, not to continue them. Obama raised tax rates; Trump cut them. Obama grew regulations at a record pace; Trump has been rescinding them at a record pace. Obama negotiated the Paris climate accord — a $100 billion tax on the American economy — and Trump smartly pulled us out.
Obama passed Obamacare; every day, Trump has been finding ways around the law they called the Affordable Care Act, in order to reverse stampeding health costs and try to make health care “affordable.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The economy is far from perfect, and the latest weaknesses in industrial production, for example, are worrisome. The China trade standoff has clearly slowed growth in Trump’s third year in office. I would never say never to a recession in the next year or two, but I’m with Larry Kudlow: It doesn’t seem likely right now.
But the biggest threat to the economy right now is that we may repeal the Trump growth policies and return to Obamanomics. This is what Biden is promising, and if it comes to pass, we will learn the bitter lesson that the good old days under Obama really weren’t so good at all.