Fourth Republican Debate Primarily Economic Fantasy With Moments Of Sense On Foreign Policy From Rand Paul

republican-debate-wsj-fox

This week’s Republican debate (transcript here) was largely a display of the standard Republican misconceptions about the economy, plus Bush and Kasich arguing with Donald Trump about whether you could just deport large numbers of people currently living in the United States. While, once again, he has received the least attention, I found Rand Paul to have the most sensible contribution to a Republican debate, this time arguing with hawkish views which are shared by most of the Republican candidates, along with Democratic front runner Hillary Clinton:

CAVUTO: Senator Paul, you have already said, sir, that that would be a mistake in not talking to Vladimir Putin, or to rule it out. You’ve argued that it’s never a good idea to close down communication. With that in mind, do you think the same applies to administration efforts right now to include the Iranians in talks on Syria?

PAUL: I’d like first to respond to the acquisition, we should — I think it’s particularly naive, particularly foolish to think that we’re not going to talk to Russia. The idea of a no fly zone, realize that this is also something that Hillary Clinton agrees with several on our side with, you’re asking for a no fly zone in an area in which Russia already flies.

Russia flies in that zone at the invitation of Iraq. I’m not saying it’s a good thing, but you better know at least what we’re getting into. So, when you think it’s going to be a good idea to have a no fly zone over Iraq, realize that means you are saying we are going to shoot down Russian planes. If you’re ready for that, be ready to send your sons and daughters to another war in Iraq.

I don’t want to see that happen. I think the first war in Iraq was a mistake. You can be strong without being involved in every civil war around the world.

This won’t go over well in a Republican primary battle, but Paul did give shot at trying to reconcile his views with more traditional conservative Republican positions in his closing statement.

PAUL: We’re the richest, freest, most humanitarian nation in the history of mankind. But we also borrow a million dollars a minute. And the question I have for all Americans is, think about it, can you be a fiscal conservative if you don’t conserve all of the money? If you’re a profligate spender, you spend money in an unlimited fashion for the military, is that a conservative notion? We have to be conservative with all spending, domestic spending and welfare spending. I’m the only fiscal conservative on the stage.

The current Republican front runners, Donald Trump and Ben Carson, meanwhile seemed totally clueless on foreign policy, as they frequently appear to be whenever the debates turn to issues.

This also does not mean that Paul made any sense consistently. Earlier in the debate he called for “government really, really small, so small you can barely see it.” How does that reconcile with wanting the government to interfere with the personal decisions of a woman regarding her own body? CNN also debunked Paul’s claim that Democrats are presiding over income inequality.

The rampant misconceptions which dominate Republican thought have already been discussed in many places. Jonathan Chait both debunked some of their false claims and pointed out that these candidates will never satisfy the desire for change, and certainly not reform which I discussed earlier in the week. ” He noted that, “All the candidates prefer to live in a world in which big government is crushing the American dream, and all of them lack even moderately credible specifics with which to flesh out this harrowing portrait.” Later he concluded:

In a debate where chastened moderators avoided interruptions or follow-ups, the candidates were free to inhabit any alternate reality of their choosing, unperturbed by inconvenient facts. Presumably, the general election will intrude, and the nominee will be forced to make a stronger case against what looks, at the moment, like peace and prosperity.

Factcheck.org listed multiple false statements during both the prime time and undercard debates, with further detail in the full post:

  • Florida Sen. Marco Rubio said that “welders make more money than philosophers.” Actually, those with undergraduate degrees in philosophy earn a higher median income than welders.
  • Businessman Donald Trump said that President Dwight D. Eisenhower had forced out 1.5 million immigrants who were in the country illegally. The federal government claimed it was 1.3 million, but historians say that’s exaggerated.
  • Texas Sen. Ted Cruz said the Tax Foundation calculated that his tax plan “costs less than virtually every other plan people have put up here, and yet it produces more growth.” But the foundation said Bobby Jindal’s and Rubio’s plans both would lead to higher gross domestic product growth over a decade.
  • Cruz also repeated the years-long falsehood that there’s a “congressional exemption” from Obamacare. Members of Congress and their staffs face additional requirements than other Americans, not fewer.
  • Louisiana Gov. Bobby Jindal said that his state has had “eight credit upgrades,” but two credit rating agencies moved the state to a “negative” outlook in February. And it faces a $117 million deficit in its most recent budget.
  • Former Arkansas Gov. Mike Huckabee said he had cut his state budget by 11 percent during the 2001-2003 recession. Over his entire tenure, however, spending went up by 50 percent.
  • Jindal claimed that there were “more people working in Louisiana than ever before.” That’s wrong. There were fewer Louisianans working in September than there were in December 2014.
  • Huckabee said that Syrians make up only 20 percent of the refugees arriving in Europe. The figure is actually 52 percent for 2015.

Further fact-checking and analysis at The New York Times, CNN, AP, and NPR.

Polling Shows Bernie Sanders Is Electable, And Possibly A Stronger Candidate Than Clinton

Bernie Sanders

During the 2008 primary battles, Hillary Clinton argued that she should be the Democratic nominee because Barack Obama was not electable and she was. We saw how that turned out. This year Clinton supporters are trying the same strategy, claiming Bernie Sanders is not electable. As Matt Taibbi discussed in Rolling Stone, the media has also been complicit in spreading this false narrative, often failing to take Sanders seriously as a candidate.

Polling data has consistently shown that the argument that Sanders is unelectable is false, and further data this week also demonstrates that he is electable.

An NBC News/Wall Street Journal poll shows Clinton and Ben Carson tied, with Clinton beating the other Republican candidates she was matched with.The tie with Carson was largely due to greater support for Carson among independents. They did not poll a head to head race between Carson and Sanders but did find that when polled Sanders did slightly better than Clinton against other Republicans:

Sanders leads Trump by nine points, 50 percent to 41 percent (versus Clinton’s eight-point advantage), and he’s ahead of Rubio by five points, 46 percent to 41 percent (versus Clinton’s three-point lead).

Another poll this week, a Quinnipiac University survey, also showed Sanders and Clinton do comparable against Republicans.

National polls such as this long before an election have limited meaning, but seeing Sanders consistently doing as well as or better than Clinton against Republicans does suggest that there is no truth to the argument that Clinton is more electable.

There are additional reasons to speculate that Sanders can do better than Clinton a year from now. Sanders is much less well known and on an upward trajectory while Clinton is already well known and has far less upside potential.Clinton had been on a downward trajectory until some fortuitous events for her in October. She came out of the first Democratic debate looking strong, but this was largely because she was more skillful at dodging questions and her opponents barely confronted her for poor answers. Republicans will not let her off the hook so easily, and hopefully Sanders and O’Malley will confront her more in subsequent debates.

Clinton does poorly in the battleground state polls and among independents, while Sanders has shown greater potential among these voters.Clinton has stronger support among partisan Democrats, giving her the edge for the nomination, but it will not help her to run up large margins of victory in deep blue states if she cannot win the battleground states in a general election.

Sanders is not involved in a major scandal, but there is danger for a further drop in support for Clinton as more voters become aware of the specifics of the scandals. While Democrats do not seem to be dissuaded by the scandals, polling has shown that independent voters are concerned, and have an unfavorable view of Clinton. Republicans will probably make considerable use out of the scandals in a general election campaign.

Elections often come down to turn out, and Sanders is showing far greater ability to get people to turn out to his events. Hopefully this enthusiasm for him will extend to turning out to vote. On the other hand, many voters are likely to stay home instead of turning out for a candidate which a majority considers to be dishonest and they have an unfavorable view of.

[Due to technical glitches involving links to the post, it was necessary to post this twice]

Polling Shows Bernie Sanders Is Electable, And Possibly A Stronger Candidate Than Clinton

Sander Clinton v Republicans

During the 2008 primary battles, Hillary Clinton argued that she should be the Democratic nominee because Barack Obama was not electable and she was. We saw how that turned out. This year Clinton supporters are trying the same strategy, claiming Bernie Sanders is not electable. As Matt Taibbi discussed in Rolling Stone, the media has also been complicit in spreading this false narrative, often failing to take Sanders seriously as a candidate.

Polling data has consistently shown that the argument that Sanders is unelectable is false, and further data this week also demonstrates that he is electable.

An NBC News/Wall Street Journal poll shows Clinton and Ben Carson tied, with Clinton beating the other Republican candidates she was matched with.The tie with Carson was largely due to greater support for Carson among independents. They did not poll a head to head race between Carson and Sanders but did find that when polled Sanders did slightly better than Clinton against other Republicans:

Sanders leads Trump by nine points, 50 percent to 41 percent (versus Clinton’s eight-point advantage), and he’s ahead of Rubio by five points, 46 percent to 41 percent (versus Clinton’s three-point lead).

Another poll this week, a Quinnipiac University survey, also showed Sanders and Clinton do comparable against Republicans.

National polls such as this long before an election have limited meaning, but seeing Sanders consistently doing as well as or better than Clinton against Republicans does suggest that there is no truth to the argument that Clinton is more electable.

There are additional reasons to speculate that Sanders can do better than Clinton a year from now. Sanders is much less well known and on an upward trajectory while Clinton is already well known and has far less upside potential.Clinton had been on a downward trajectory until some fortuitous events for her in October. She came out of the first Democratic debate looking strong, but this was largely because she was more skillful at dodging questions and her opponents barely confronted her for poor answers. Republicans will not let her off the hook so easily, and hopefully Sanders and O’Malley will confront her more in subsequent debates.

Clinton does poorly in the battleground state polls and among independents, while Sanders has shown greater potential among these voters.Clinton has stronger support among partisan Democrats, giving her the edge for the nomination, but it will not help her to run up large margins of victory in deep blue states if she cannot win the battleground states in a general election.

Sanders is not involved in a major scandal, but there is danger for a further drop in support for Clinton as more voters become aware of the specifics of the scandals. While Democrats do not seem to be dissuaded by the scandals, polling has shown that independent voters are concerned, and have an unfavorable view of Clinton. Republicans will probably make considerable use out of the scandals in a general election campaign.

Elections often come down to turn out, and Sanders is showing far greater ability to get people to turn out to his events. Hopefully this enthusiasm for him will extend to turning out to vote. On the other hand, many voters are likely to stay home instead of turning out for a candidate which a majority considers to be dishonest and they have an unfavorable view of.

[Due to technical glitches involving links to the post, it was necessary to post this twice]

Marijuana And The Death Penalty: Sanders and Clinton Engage In More Significant Off Stage Debate Than The Republicans In Colorado

Bernie Sanders Marijuana

The third Republican debate was widely considered to be a train wreck. It was probably the worst for Jeb Bush as it largely turned into an excuse for pundits to write off his chances to win the Republican nomination. Failing to inspire enthusiastic support is a greater political sin than to fail to show up to one’s job in the Senate (a failing common to candidates running for the presidential nomination of either party). Meanwhile the Democratic candidates have spent the last couple of days disagreeing over issues, including marijuana and the death penalty.

While the Democrats could not actually debate, as this would violate Debbie Wasserman Schultz’s rules, they had a far more interesting disagreement on the issues. Marijuana barely came up at the Republican debate in Colorado, where recreational use has been legalized, but Bernie Sanders did make major news on the issue. He took a position quite different from the pro-drug war views of Hillary Clinton, and far more significant than Martin O’Malley’s position:

Presidential hopeful Bernie Sanders announced his support Wednesday for removing marijuana from a list of the most dangerous drugs outlawed by the federal government — a move that would free states to legalize it without impediments from Washington…

“Too many Americans have seen their lives destroyed because they have criminal records as a result of marijuana use,” Sanders told a live audience of more than 1,700 students, which erupted with applause. “That’s wrong. That has got to change.”

No other presidential candidate has called for marijuana to be completely removed from the schedule of controlled substances regulated by the Drug Enforcement Administration.

Long-shot Democratic hopeful Martin O’Malley, the former governor of Maryland, has said that he would put marijuana on Schedule 2, a less-strict designation. The party’s front-runner, Hillary Rodham Clinton, has repeatedly said she wants to see how legalization experiments in Colorado, Washington and other states play out before committing to any changes at the federal level…

His plan would also allow marijuana businesses currently operating in states that have legalized it to use banking services and apply for tax deductions that are currently unavailable to them under federal law.

Sanders previously indicated his interest in legalization of marijuana when appearing on Jimmy Kimmel Live.

Sanders’ proposal would put an end to raids by the federal government on medical marijuana facilities where medical marijuana is legal and block the current impediments to research on medical uses of marijuana. Wonkblog also points out that this would restore marijuana to the status which was intended before Richard Nixon interfered. (With Hillary Clinton taking the more Nixonian position here, it is yet another in a long list of similarities between Clinton and Nixon which seem to keep coming up).

Marijuana was originally placed on Schedule 1 as a temporary measure in 1970 while a government-convened panel of experts figured out how to handle it from a legal standpoint. Two years later, the panel recommended complete decriminalization of small amounts of the drug: “the Commission recommends … [that the] possession of marijuana for personal use no longer be an offense, [and that the] casual distribution of small amounts of marijuana for no remuneration, or insignificant remuneration, no longer be an offense.”

But President Richard Nixon ignored his own commission’s findings and kept marijuana on Schedule 1, saying “we need, and I use the word ‘all out war,’ on all fronts” when it came to weed.

Sanders and Clinton also disagreed on the death penalty this week:

Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) stood by his long-standing opposition to the death penalty on Thursday, calling for an end to the policy during a Senate speech on criminal justice.

“When we talk about criminal justice reform, I believe it is time for the United States of America to join almost every other Western, industrialized country on Earth in saying no to the death penalty,” Sanders said during his speech on the Senate floor. “We are all shocked and disgusted by some of the horrific murders that we see in this country, seemingly every week. And that is precisely why we should abolish the death penalty. At a time of rampant violence and murder, the state should not be part of that process.”

Sanders’ remarks come one day after former Secretary of State Hillary Clinton, who is also running for president, came out against ending capital punishment, adding that she believes the use of the death penalty should be “very limited and rare.”

…The Vermont senator has publicly opposed the death penalty for his entire tenure in Congress. In 1991, his first year as a member of the House of Representatives, Sanders spoke out against the policy during debate on the Violent Crime Prevention Act of 1991, which sought to expand the death penalty.

Former Maryland Gov. Martin O’Malley, another primary rival of Clinton and Sanders, is also opposed to the death penalty. In 2013, he signed a bill abolishing the practice in Maryland.

According to a Gallup poll conducted earlier this year, 61 percent of Americans are in favor of the death penalty in murder convictions, while 37 percent are not.

Of course. Hillary Clinton remains guided by the polls as opposed to principle. In calling for the death penalty to be rare, it is interesting that she uses the same word she uses for what should come of abortion, a position which has long frustrated many abortion rights activists for the manner in which it stigmatizes women who choose to have an abortion, and it provides cover for the religious right’s battle to restrict access to abortion.

The Democrats were disagreeing over real issues, while the Republicans were engaged in distortions of the facts and bashing of the mainstream media. Among the Republican lies debunked, PolitiFact classified Chris Christie’s claim that Bernie Sanders is “going to raise your taxes to 90 percent” as “pants on fire.”

Fox Republican Debate Dominated By The Donald

Fox Debate August 2015

Fox brought in a record 24 million viewers for the first Republican debate on Thursday night , and nobody doubts it was because of Donald Trump. CNN explained what this number means:

For perspective, the first GOP primary debate four years ago, also on Fox, attracted 3.2 million viewers.

The most-watched primary debate that year, broadcast by ABC, reached 7.6 million.

Thursday’s debate audience more than tripled that one.

The audience easily exceeded pretty much everything that’s been on American television this year, from the finale of “The Walking Dead” to the final episode of David Letterman’s “Late Show.”

The debate was bigger than all of this year’s NBA Finals and MLB World Series games, and most of the year’s NFL match-ups.

It also trumped Jon Stewart’s Thursday night’s sign-off from “The Daily Show,” which averaged 3.5 million viewers.

Trump is a known ratings magnet. His reality show “The Celebrity Apprentice” used to reach 20 million viewers a week. But it has slipped over the years, averaging 6 to 8 million viewers for recent seasons.

The debate, as well as most of the talk afterwards, was about Donald Trump. They might as well have named it Presidential Apprentice. By the end, many viewers might have been expecting to go to the boardroom to see who Trump would fire. Hint–it might not have been one of the candidates considering what he has been saying about Megyn Kelley and the other Fox correspondents. Among the most crude:

Trump was the center of attention from the start when the very first question was a show of hands  as to “who is unwilling tonight to pledge your support to the eventual nominee of the Republican party and pledge to not run an independent campaign against that person.” Only Donald Trump raised his hand. (Full transcript of the debate can be found here).

Donald Trump did make a great case for campaign finance reform:

I will tell you that our system is broken. I gave to many people, before this, before two months ago, I was a businessman. I give to everybody. When they call, I give.

And do you know what?

When I need something from them two years later, three years later, I call them, they are there for me.

QUESTION: So what did you get?

TRUMP: And that’s a broken system.

QUESTION: What did you get from Hillary Clinton and Nancy Pelosi?

TRUMP: Well, I’ll tell you what, with Hillary Clinton, I said be at my wedding and she came to my wedding.

You know why?

She didn’t have a choice because I gave. I gave to a foundation that, frankly, that foundation is supposed to do good. I didn’t know her money would be used on private jets going all over the world. It was.

Trump also restated his opposition to the Iraq war but flip-flopped on his previous support for a single payer system. Trump could have been the best candidate in the room if he hadn’t turned into a Tea Party clown.

There were some other moments when Republican candidates deserved credit. This includes Rand Paul criticizing both his fellow Republican candidates and Hillary Clinton for their policies which on sending more arms to middle east:

I’ve been fighting amidst a lot of opposition from both Hillary Clinton, as well as some Republicans who wanted to send arms to the allies of ISIS. ISIS rides around in a billion dollars worth of U.S. Humvees. It’s a disgrace. We’ve got to stop — we shouldn’t fund our enemies, for goodness sakes.

This was followed by John Kasich defending taking funds for the Medicaid expansion under Obamacare:

First of all, Megyn, you should know that — that President Reagan expanded Medicaid three or four times.

Secondly, I had an opportunity to bring resources back to Ohio to do what?

To treat the mentally ill. Ten thousand of them sit in our prisons. It costs $22,500 a year to keep them in prison. I’d rather get them their medication so they could lead a decent life.

Rand Paul made a another good point when he argued with Chris Christie over NSA surveillance:

The Fourth Amendment was what we fought the Revolution over! John Adams said it was the spark that led to our war for independence, and I’m proud of standing for the Bill of Rights, and I will continue to stand for the Bill of Rights.

Beyond this, we primarily learned from the debates that Republicans hate Barack Obama, Hillary Clinton, Obamacare, and Planned Parenthood.

I am looking forward to seeing Bernie Sanders debate Hillary Clinton on foreign military intervention and suppression of civil liberties. Clinton’s record on these topics does fit well in the GOP mainstream.

I am hesitant to write about winners because we have learned that the winner of a debate is not based upon the debate itself, but the perception of the candidates after people have listened to the talking heads in the days following the debate. This is further complicated with the Republican Party as most of their voters receive their thoughts from Fox. Criticism from the Fox commentators could make Donald Trump look like a loser, but so far he has managed to survive better than the pundits have predicted, and it is not looking like Fox will be successful against him.

From my perspective, which could be quite different from that of Fox, the winners were John Kasich and Marco Rubio. Kasich barely squeaked into the prime time debate, and the two debates did show that Kasich really did deserve to be there more than Rick Perry, who was excluded, possibly by fudging the results of the polls. Kasich and Jeb Bush looked the most stable in the group. Bush already has his position as top contender after Trump, but now Kasich might replace Scott Walker as the leading challenger to Bush and move into the top tier.

I also downgraded Bush for his discussion of his brother’s policies. It wasn’t faulty intelligence which got us in Iraq as he claimed, but his brother twisting the intelligence to justify the war he wanted to start. Jeb! also seemed oblivious to the fact that ISIS and the other problems now occurring in Iraq are due to his brother destabilizing the region. They all seemed oblivious, when talking about the deficit, to the fact that the deficit is a consequence of George W. Bush both fighting the war on credit and cutting taxes on the wealthy.

The other Republican who looked good, if you ignore his actual views, was Marco Rubio. He could make a good candidate in a television-based campaign. The entry of Trump into the race made it hard for candidates like Rubio to get attention, but he did get a shot at being noticed Thursday.

On the other hand, it seemed a battle throughout the evening between Mike Huckabee and Ted Cruz to be the most bat-shit candidate on stage, which was impressive considering that Donald Trump was on the same stage. I was edging towards awarding this to Huckabee, with lines such as, “The purpose of the military is kill people and break things,” until Cruz gave his closing statement, and clinched the title:

If I’m elected president, let me tell you about my first day in office. The first thing I intend to do is to rescind every illegal and unconstitutional executive action taken by Barack Obama.

The next thing I intend to do is instruct the Department of Justice to open an investigation into these videos and to prosecute Planned Parenthood for any criminal violations.

The next thing I intend to do is instruct the Department of Justice and the IRS to start (sic) persecuting religious liberty, and then intend to cancel the Iran deal, and finally move the U.S. embassy in Israel to Jerusalem.

I will keep my word. My father fled Cuba, and I will fight to defend liberty because my family knows what it’s like to lose it.

In contrast, Huckabee went for the laugh as opposed to Cruz’s tirade:

It seems like this election has been a whole lot about a person who’s very high in the polls, that doesn’t have a clue about how to govern.

A person who has been filled with scandals, and who could not lead, and, of course, I’m talking about Hillary Clinton.

So, in conclusion, Trump wins for continuing to totally dominate the discussion, Kasich and Rubio had smaller victories which might improve their position if the race should return to be about the more conventional candidates, and Cruz edged Huckabee for the scariest Republican in the room. Hillary Clinton and Bernie Sanders must really have felt happy seeing this debate and the caliber of candidate they might come up against in the general election.

Battleground State Poll Shows Clinton Falling Behind Republicans & Not More Electable Than Sanders or Biden

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Hillary Clinton has been doing poorly in the swing state polls, and the latest Quinnipiac University Swing State Poll shows Clinton trailing Marco Rubio, Jeb Bush, and Scott Walker in Colorado, Iowa and Virginia. Previously she tended to have narrow leads or trail in the various swing state polls. She was not tested against current GOP front runner Donald Trump, but with Trump’s negatives I would assume she would beat him. This drop is support for Clinton in three key swing states is consistent with the declining support for Clinton seen in other recent polls.

“Hillary Clinton’s numbers have dropped among voters in the key swing states of Colorado, Iowa and Virginia. She has lost ground in the horserace and on key questions about her honesty and leadership,” said Peter A. Brown, assistant director of the Quinnipiac University Poll. “On being a strong leader, a key metric in presidential campaigns, she has dropped four to 10 points depending on the state and she is barely above 50 percent in each of the three states.”

“Against three Republicans, former Florida Gov. Jeb Bush, U.S. Sen. Marco Rubio of Florida and Wisconsin Gov. Scott Walker, Secretary Clinton trails in six matchups and is on the down side of too-close-to call in three,” Brown added.

“That’s compared to the April 9 Quinnipiac University poll in which she was clearly ahead in five of the matchups and too-close-to-call in the other four. One other key takeaway is that Vice President Joseph Biden, who is considering a 2016 run, does better than Clinton on honesty and on caring about voter needs, always a key Democratic strong point.”

“Hillary Clinton’s numbers have dropped among voters in the key swing states of Colorado, Iowa and Virginia. She has lost ground in the horserace and on key questions about her honesty and leadership,” said Peter A. Brown, assistant director of the Quinnipiac University Poll. “On being a strong leader, a key metric in presidential campaigns, she has dropped four to 10 points depending on the state and she is barely above 50 percent in each of the three states.”

Another remarkable result is that both Bernie Sanders and Joe Biden had comparable results to Clinton against Republican opponents. Clinton typically did the same or was a couple of percentage points better, but she is on a downward trajectory. There is considerable risk that her support will fall further as more people understand the severity of her ethical misconduct as Secretary of State, and better understand her views. On the other hand, Sanders remains relatively unknown and Biden has not even entered the race. Both stand to improve with campaigning and in debating Clinton.

Polls at this stage have limited predictive value and this is not to say that Clinton cannot win these battleground states if she wins the nomination. What this does do is contradict the argument from many Clinton supporter that Democrats should back her, despite her ethical faults and conservative positions on many issues, because of feeling she has the best chance of beating the Republicans. Democrats would be much better off nominating a candidate whose campaign is not at great risk of being derailed by ethical charges, and there is no need to compromise on a candidate who is not all that much more liberal than Jeb Bush on many issues. As Common Dreams posted earlier this week, Hillary Clinton Is No Progressive.

Hillary Clinton Tries To Sound Like Sanders & O’Malley While Avoiding Specifics

hillary_clinton_economic_speech

Hillary Clinton’s big economic speech has mostly been greeted with yawns. Previously the conventional wisdom was that Hillary Clinton was one of Wall Street’s favorite candidates, and her speech has not changed this. She did include a number of points which sounded good, but lacked any specifics to make a convincing case that she would really bring about any changes.

Politico summed up the reaction in an article entitled Clinton speech react: ‘Is that it?’ The Democratic front-runner manages to underwhelm both Wall Street and its reformers in her signature economic policy speech:

Clinton laid out the soft contours of a “growth and fairness economy” in a speech designed to appeal to struggling middle-class workers with promises of higher pay and more generous federal policies.

But she left out many hard specifics on tougher tax policy toward the rich and corporate America. And she offered limited pledges to crack down on big Wall Street banks while hitting her strongest notes promising to toss rogue bankers in prison while ripping recent worker-productivity comments from former Florida Gov. Jeb Bush.

Despite those few moments, this was hardly Thomas Piketty invading the land of Wall Street titans and flipping over tables piled high with gold. And there were no radical new proposals aimed at reversing America’s long slide into wage stagnation.

“She appears to have taken a page out of the Elizabeth Warren book on going after bankers and brokers and fat cats and people who may have broken the law,” said Jack Ablin, chief investment office at BMO Private bank. “I’m sure a lot of polling went into that. But in terms of inequality and profit-sharing and general economic redistribution, she was a lot longer on problems than she was on solutions.”

And Clinton sounded some of her by now very familiar themes, invoking her love of being a grandmother and arguing that middle-class wage stagnation since the end of the Great Recession was exacerbating income inequality while pledging that something must be done. But that something, according to Clinton, mainly consists of boosting the minimum wage and increasing overtime pay, something President Barack Obama has been pushing for some time…

Financial reformers gave her mixed grades. “It’s a good start, but after all this listening, planning and thinking by the runaway leading candidate, I expected more,” said Dennis Kelleher of Better Markets, a pro-reform group. “The American people deserve a concrete, specific, comprehensive plan that really protects them from Wall Street recklessness and that she as president can be held accountable for once in office.”

Another financial reformer said the anti-Wall Street crowd was waiting to see whether Clinton will “put in place a team of advisers who have a demonstrated history of supporting meaningful reform and tough enforcement, or chooses instead to surround herself with the same crowd of revolving door insiders.”

The real test for Clinton on Wall Street will come when and if she turns this rhetoric into actual policy prescriptions. Big Wall Street titans heavily funding Clinton’s campaign and other business interests fully expect to take some heavy rhetorical hits as the Democratic front-runner fights off the Sanders surge. But they do not expect Clinton to try and fully reshape their industry.

She did correctly criticize Jeb Bush for his recent comment that Americans should “work longer hours” and Marco Rubio’s tax cut for millionaires. She did sound like she might be more willing than President Obama has to prosecute bankers who violate the law. She fell far short of Bernie Sanders’ support for breaking up the big banks, as well as short of the specific economic proposals recently released by Martin O’Malley. She basically seems to desire to use the rhetoric of Sanders and O’Malley, as well as Elizebeth Warren, while keeping the big corporations and banks confident in continuing to bankroll her campaign.

Clinton did call for paid family leave. She supported an increase in the minimum wage without any indication as to whether she will match Sanders and O’Malley on the size of an increase supported. Earlier in the campaign, Clinton was to the right of Sanders and O’Malley when they were calling for increasing Social Security benefits. She now gave vague support for enhancing Social Security without clarifying what this means. About the biggest surprise of the speech was her criticism of the gig economy:

In a note that struck some as odd given the popularity of the services, Clinton specifically criticized “gig economy” companies, a group that includes upstarts such as Airbnb and Uber. These types of scrappy young companies have often provided corporate homes for former Obama administration officials. Former top Obama adviser David Plouffe is now a senior executive at Uber.

Center-right sources such as Politico above indicate no real fear of Clinton from Wall Street. Salon summed up the response to Clinton’s speech from the left:
Hillary Clinton gave her big economic speech this morning, proposing a whole array of policies that she argues will “build a ‘growth and fairness’ economy.” She wasn’t especially forthcoming on details, which is a shame, but she had some interesting and ideas and made some promises that she should be held to going forward.
The full transcript is available here.

Meaningless But Hopeful News For Sanders And O’Malley

Favorability Fictional Characters And Politicians

This week has a lot of somewhat encouraging news, even if it all has zero predictive value. Bernie Sanders came unexpectedly close to Clinton in the Wisconsin straw poll. While straw polls are pretty much meaningless, as we saw with all those straw poll victories by fringe candidates like Ron Paul, it could be a sign of the enthusiasm for Sanders, which has also been seen elsewhere, and Sanders has far more upside potential than Paul ever had. The first Daily Kos Democratic Straw Poll shows Sanders leading Clinton by more than two to one at the time I am writing. Then there is the survey pictured above.

The data is based upon the favorability of politicians from the latest Quinnipiac poll along with Google Consumer Survey questions on famous movie villains. The Terminator, Darth Vader, and the Shark from Jaws beat all politicians. No surprise there. It is also not surprising that Donald Trump has the lowest favorability of all.

It is also interesting to look at the non-fictional candidates. Of the potential 2016 candidates, Bernie Sanders and Marco Rubio both beat Hillary Clinton,  and Martin O’Malley, who has barely started his campaign is not far behind Clinton. The latest polls show a sharp drop for Clinton and if this continues she might even wind up below Rand Paul, Scott Walker, and Voldemort.

At the moment, it looks like Bernie Sanders is the most electable based upon this chart.

Of course the more meaningful numbers are in the recent polling results showing that support for Clinton is falling among Democrats.

Clinton Resumes Fall In Polls And Having Problems With Liberal Donors

CNN Clinton Poll

Yesterday’s polling results out of Iowa were somewhat negative for Clinton with 66 percent of Democratic caucus goers concerned that the Clinton scandals could affect her in the general election. It gets far worse in two additional polls released today. After her temporary bounce after declaring her candidacy, Clinton’s favorability rating is again falling and more people consider her to be dishonest.

First the CNN/ORC Poll:

More people have an unfavorable view of Democratic front-runner Hillary Clinton now than at any time since 2001, according to a new CNN/ORC poll on the 2016 race.

While Clinton remains strikingly dominant in the Democratic field, the poll shows that her numbers have dropped significantly across several key indicators since she launched her campaign in April.

A growing number of people say she is not honest and trustworthy (57%, up from 49% in March), less than half feel she cares about people like them (47%, down from 53% last July) and more now feel she does not inspire confidence (50%, up from 42% last March).

In head-to-head match-ups against top Republicans, her margin is tighter than it has been at any point in CNN/ORC’s polling on the contest…

In general election match-ups, Clinton now runs about even with Rand Paul, Scott Walker and Marco Rubio, while she continues to top Bush and Ted Cruz by a significant margin.

As noted above, those shifts stem largely from a change among independents, though Republicans appear to be solidifying their support for GOP candidates while Democrats are slightly less certain about Clinton.

One feature of the race that has held even as the numbers shifted: These match-ups prompt enormous gender gaps. According to the poll, the gender gaps remain over 20 points in each of the five match-ups tested, including a whopping 34-point gender gap in Clinton’s match-up with Scott Walker.

Her declining support in those general election match-ups, alongside falling favorability ratings and worsening impressions of her, suggests recent news about her actions as secretary of state may have taken a toll.

A Washington Post/ABC News poll finds similar bad news for the Clinton campaign:

Meanwhile, Hillary Rodham Clinton continues to dominate the Democratic nomination contest. But her personal attributes continue to erode in the wake of stories about fundraising practices at the Clinton Foundation and her use of a personal e-mail server while at the State Department.

Clinton’s favorability ratings are the lowest in a Post-ABC poll since April 2008, when she was running for president the first time. Today, 41 percent of Americans say she is honest and trustworthy, compared with 52 percent who say she is not — a 22-point swing in the past year…

Clinton’s favorability rating has fallen steadily since she left the Obama administration in early 2013. Today, 45 percent see her positively while 49 percent see her negatively. That compares with ratings of 49 percent and 46 percent two months ago. Just 24 percent have a strongly favorable impression of her — down six points in the past two months — while 39 percent have a strongly unfavorable impression, up four points.

The decline in Clinton’s ratings as a candidate who is honest and trustworthy highlights a likely vulnerability as a general-election candidate. Half of all Americans disapprove of the way she has handled questions about the Clinton Foundation, and 55 percent disapprove of how she has handled questions about her personal e-mails as secretary of state.

Meanwhile, half also disapprove of the way she has dealt with questions about the attack on a U.S. diplomatic post in Benghazi, Libya, on Sept. 11, 2012, that resulted in the deaths of four Americans, including U.S. Ambassador J. Christopher Stevens.

Majorities see the issues of the Clinton Foundation and Benghazi as fair game in the presidential election, while almost half of Americans say the e-mail issue is a legitimate topic.

This poll looked more at Jeb Bush than the entire field but also showed Clinton’s support falling against Bush, especially among women:

Indeed, while Bush has lost ground in the contest for the GOP nomination, Clinton does less well against him in a head-to-head matchup. The gap between them has closed from 12 points to three – 47-44 percent, Clinton-Bush, among registered voters, vs. 53-41 percent two months ago…

The most striking change in the head-to-head matchup between Clinton and Bush is a decline in Clinton’s support among women, from 59-36 percent in March to 49-43 percent now. Men continue to split, now 44-46 percent, Clinton-Bush.

The shift among women is generational; it’s occurred almost exclusively among women younger than age 50 – from 72-22 percent two months ago to 48-43 percent now. It’s also happened to a lesser extent among college educated white women, a potentially important voting group: They supported Clinton 57-34 percent in March, but now divide evenly, 45-46 percent.

Among other groups, Clinton’s gone from a 61-point margin among nonwhites, 78-17 percent, to a 47-point split, 70-23 percent; whites still break for Bush. A 48-43 percent Clinton-Bush split among independents in March is now 46-40 percent Bush-Clinton. And while more moderates support Clinton than Bush, 51-42 percent, that gap has declined from 24 to 9 points.

Clinton continues to hold an enormous lead over Democratic challengers for the nomination, but there is still a long time until the Iowa caucus. With her favorability at a seven year low and Clinton no longer having a lead over the leading Republican candidates, it is looking increasingly foolish for Democrats to nominate a candidate who is both ethically unfit to be president and who is to the right of the party on most issues.

This all might be taking a toll on contributions for Clinton. Politco reports that efforts by David Brock, who has been campaigning for Clinton with his groups Media Matters and American Bridge 21st Century Foundation, are not going well among some liberals. Note again that Brock’s organization Media Matters is closely aligned with the Clinton campaign, which explains much of the false information they have been posting to defend Clinton from media reports. Some of the liberal donors are finding Brock’s organizations to be acting too much like the Koch Brothers.

Part of the reticence stems from liberal queasiness about the expanding role of big money in politics since the Supreme Court’s 2010 Citizens United decision. But there’s also some discomfort with Hillary Clinton, the former New York Senator and Secretary of State, who is seen as too hawkish on foreign policy and insufficiently progressive on key issues like fighting climate change, income inequality and the role of big money in politics. Additionally, Democratic finance operatives say, efforts to rustle up seven-figure checks are suffering from a lack of a single, unifying enemy on the right.

It is certainly possible that David Brock could be successful in his attempts to win over more Democratic support for Clinton. His bogus talking points in response to the scandals have certainly been repeated by many Democrats, but fooling the big money donors might be more difficult than having his talking points spread on Facebook.

Polls can, and probably will, change a lot between now and November 2016. However Democrats should be alarmed by the magnitude of the downward trend for Clinton, along with the danger that Clinton’s unethical behavior will harm her more as more people start paying attention to the facts. Republicans have a number of negatives of their own, but there is the danger that whoever survives the Republican race will come out of it in a stronger position than they are in now, and today’s tie very well could mean a Republican lead over Clinton by next year. Gambling on winning with a candidate the voters do not trust is foolhardy.

It is time for Democrats who have been ignoring Clinton’s weaknesses and ethical transgressions to take their heads out of the sand if they want to prevent a President Rubio, Paul, or Walker from being inaugurated in 2017.

Update: The Hill looked at Hillary Clinton’s honesty problem:

Observers who follow every political twist and turn might imagine that opinions of Clinton would be hard to change, for good or bad, given that she has now been a top player on the national political stage for a quarter-century.

The polling figures do not bear that out, however.

In the past year, the former first lady’s polling numbers on the “honesty” question have flipped…

An April Quinnipiac poll in three swing states — Colorado, Iowa and Virginia — showed the same weakness for Clinton on the honesty question, most conspicuously in Colorado, where a startling 56 percent of voters viewed Clinton as dishonest versus only 38 percent who saw her as honest.

 

Further Revelations On Payments Received By Clintons Raise Questions About Both Their Ethics And Judgment

Clinton Money

About two weeks ago  Bill Clinton said he would continue to give paid speeches, regardless of the conflicts of interest this entails, because “I gotta pay our bills.” This was despite having made $105 million dollars in speaking fees between 2001 and 2013. The latest financial disclosures continue to show that Bill and Hillary should be able to pay their bills without Bill continuing to get paid for speeches. From The New York Times:

Hillary Rodham Clinton and her husband made at least $30 million over the last 16 months, mainly from giving paid speeches to corporations, banks and other organizations, according to financial disclosure forms filed with federal elections officials on Friday.

The sum, which makes Mrs. Clinton among the wealthiest of the 2016 presidential candidates, could create challenges for the former secretary of state as she tries to cast herself as a champion of everyday Americans in an era of income inequality.

The $25 million in speaking fees since the beginning of last year continue a lucrative trend for the Clintons: They have now earned more than $125 million on the circuit since leaving the White House in 2001.

In addition, the report shows, Mrs. Clinton reported income exceeding $5 million from her memoir of her time as secretary of state, “Hard Choices.”

The Clintons’ riches have already become a subject of political attacks, and her campaign has been eager to showcase Mrs. Clinton as a more down-to-earth figure. Her only declared Democratic opponent at this point, Senator Bernie Sanders of Vermont, is an avowed socialist, while Republicans like Senator Marco Rubio of Florida and Gov. Scott Walker of Wisconsin have considerably more modest means.

A major dimension of Mrs. Clinton’s candidacy is expected to be policy proposals to narrow the gap between the rich and poor and to address stagnant wages. Yet she is far from those problems; while she said she and President Clinton were “dead broke” when they left the White House in early 2001, they are now part of the American elite.

While many conservative Democrats who support Clinton are likely to ignore this along with all the other revelations to be reported in the past couple of months, many bloggers see serious problems in nominating Hillary Clinton. John Cole says, This Just Stinks:

You knew you were running for President. You knew this would put a bullseye around you. Why, for the love of FSM, why?

Let’s earn 25 mill real quick then pivot to speaking for the common man. No one will notice, amirite?

Ezra Klein explains why this is significant for the ethically-challenged Democrats who are still willing to support Clinton (emphasis mine):

Almost a decade ago, as Hillary Clinton ran for re-election to the Senate on her way to seeking the presidency for the first time, the New York Times reported on her unusually close relationship with Corning, Inc., an upstate glass titan. Clinton advanced the company’s interests, racking up a big assist by getting China to ease a trade barrier. And the firm’s mostly Republican executives opened up their wallets for her campaign.

During Clinton’s tenure as Secretary of State, Corning lobbied the department on a variety of trade issues, including the Trans-Pacific Partnership. The company has donated between $100,000 and $250,000 to her family’s foundation. And, last July, when it was clear that Clinton would again seek the presidency in 2016, Corning coughed up a $225,500 honorarium for Clinton to speak.

In the laundry-whirl of stories about Clinton buck-raking, it might be easy for that last part to get lost in the wash. But it’s the part that matters most. The $225,500 speaking fee didn’t go to help disease-stricken kids in an impoverished village on some long-forgotten patch of the planet. Nor did it go to a campaign account. It went to Hillary Clinton. Personally.

The latest episode in the Clinton money saga is different than the others because it involves the clear, direct personal enrichment of Hillary Clinton, presidential candidate, by people who have a lot of money at stake in the outcome of government decisions. Her federally required financial disclosure was released to media late Friday, a time government officials and political candidates have long reserved for dumping news they hope will have a short shelf life.

Together, Hillary and Bill Clinton cleared $25 million on the lecture circuit over the last 16 months, according to a Hillary Clinton’s personal financial disclosure required of presidential candidates. A lot of the focus will naturally go toward the political argument that Clinton’s wealth makes her out of touch. The US has had plenty of good rich presidents and bad rich presidents. What’s more important is whether they are able to listen to all of the various interests without being unduly influenced by any of them.

There’s a reason government officials can’t accept gifts: They tend to have a corrupting effect. True, Hillary Clinton wasn’t a government official at the time the money was given. But it is very, very, very hard to see six-figure speaking fees paid by longtime political boosters with interests before the government — to a woman who has been running for president since the last time she lost — as anything but a gift.

After further details he continued with a word for Democrats who are probably ignoring this, questioning not only Hillary Clinton’s ethics but her judgment:

By this point, most Clinton allies wish they had a button so they didn’t have to go to the trouble of rolling their eyes at each new Clinton money story. The knee-jerk eye-roll response to the latest disclosure will be that there’s nothing new to see here. But there’s something very important to see that is different than the past stories. This time, it’s about Hillary Clinton having her pockets lined by the very people who seek to influence her. Not in some metaphorical sense. She’s literally being paid by them.

That storyline should be no less shocking for the fact that it is no longer surprising. The skimpy fig leaf of timing, that the speeches were paid for when she was between government gigs, would leave Adam blushing. And while most Democrats will shrug it off — or at least pretend to — it’s the kind of behavior voters should take into account when considering whether they want to give a candidate the unparalleled power of the presidency. It goes to the most important, hardest-to-predict characteristic in a president: judgment.

Hopefully Democrats will wake up and choose a more ethical nominee, or we face the danger that scandals such as this will return a Republican to the White House in the general election. Besides, it hardly makes sense to compromise principles  and nominate Clinton when she has spent her career pursuing a socially conservative agenda along with her quasi-neoconservative foreign policy views. As Lawyers, Guns, & Money said earlier when these scandals were being revealed:

For progressives, all this is, to put it mildly, depressing. Working to get someone with Hillary Clinton’s political views elected would require a certain amount of nose-holding even if she and her husband were above reproach, ethically speaking.

Under the circumstances, a race between Clinton and, say, Scott Walker is going to be akin to trying to acquire a sprained ankle instead of a major heart attack.

Update: Clinton’s Unethical Behavior Has Already Been Well Established–And It Has Nothing To Do With The Right