Tag: democracy
Trump and Biden

In A Democracy, There Are No Permanent Defeats

In 1994, Republicans won a sweeping victory that cost Democrats control of the House and Senate for the first time in 40 years. Republicans took an eye-popping 54 seats, leading many to conclude that this was a permanent political realignment.

Two years later, Bill Clinton won reelection with 379 electoral college votes to Bob Dole's 159.

A loss, however painful, is not the end of the world. Every election result is provisional. There are multiple examples in recent memory of the American electorate delivering victories to a party and then swiftly reversing course. Following George W. Bush's 2004 success (in which opposition to same-sex marriage was thought to have played a big part in GOP turnout), Democrats fretted that they might need to change their approach to social issues if they ever hoped to return to power. Two years later, Republicans lost control of the House. Two years after that, in 2008, the country turned to Barack Obama, handing Democrats control of the Senate as well. In 2010, the GOP triumphed, gaining 63 seats in the House, yet in 2012, Obama won reelection comfortably.

This is not to minimize the seriousness of the mistake voters have made this year, just to keep some perspective. There are many turns of the wheel.

The Democrats will do themselves some good if this loss causes them to reconsider their boutique views on immigration, public safety, trans athletes and other matters, but the thumping rightward shift in the electorate between 2020 and 2024 suggests to me that this election really came down (mostly) to inflation, with a side of immigration, rather than an embrace of Trump or Trumpism.

Most voters decide based upon their own financial condition. This year, 68 percent of voters rated the economy as "not so good" or "poor." Yes, the other economic indicators were great, but 75 percent said inflation had inflicted moderate or severe hardship on them. Compared with Biden in 2020, Harris lost ground with nearly every demographic — urban, suburban, rural, you name it.

It's impossible to gauge how big a part racism and sexism played in Harris' performance; few will admit such motivations. Harris performed a bit worse with Hispanic women than Biden did. Was that closet sexism? Doubtful. Nor does it seem plausible that so many young women who voted for Biden switched to Trump out of misogyny. Only 26 percent of voters were satisfied (19 percent) or enthusiastic (seven percent) about how things are going in the country, whereas 43 percent were dissatisfied and 29 percent were angry. This underscores the importance of people's personal financial condition. They will hire a creep if they think he'll improve their personal prospects. Most voters neither understand nor particularly care about the rule of law or foreign policy (beyond war and peace).

Much will change before the next election — and yes, there will be more elections. The winning party nearly always overreads its mandate and goes too far, prompting a backlash at the polls. The president's party typically loses seats in off-year elections, so expect a rebuke in 2026.

But Democrats cannot just wait for the election cycle to solve their problems. There are a number of lessons they should take to heart from this year's results: 1) the abortion issue has run its course as a motivator in national elections; 2) Hispanic voters cannot be taken for granted as part of the Democratic coalition; 3) woke postures like taxpayer-funded sex change operations for incarcerated immigrants are toxic; and 4) big federal spending programs don't deliver immediate political dividends.

Of all people, Joe Biden should have understood that passing big bills like the Infrastructure Investment and Jobs Act and the Inflation Reduction Act would not be noticed by voters in time for 2024. He was vice president when the Affordable Care Act passed and witnessed that not only was Obama not rewarded for it, but Democrats lost the House in 2010. Only much later, after it had been fully implemented and people began to enjoy the benefits (and Republicans failed to come up with an alternative), did the program become popular.

Both the IRA and the infrastructure bill, ironically, contain lavish spending for rural and Trump-friendly parts of the country that will begin to come online just in time for Trump to take credit for them. The legislation may or may not have been good policy, but it's important for Democrats to recognize that passing big bills doesn't translate into votes — at least not right away.

The Democratic Party has suffered a setback, not a wipeout. The country remains closely divided. Democrats still hold nearly half the seats in the Senate and (depending on the races still outstanding) nearly half of the House. Twenty-three states have Democratic governors. Democratic officeholders need to gird their loins for the avalanche of lies, scandals, outrages and betrayals that a second Trump term is sure to deliver. They must prepare to educate voters about the consequences of Trump's tariffs (which are taxes), deportations, tax cuts, vaccine misinformation and whatever other insane policies emanate from MAGA Washington.

There's a place for autopsies and wound licking, but it's soon time to move forward.

Reprinted with permission from Creators.

'Crypto Coins': Why Trump Never Stops Scamming His MAGA Flock

'Crypto Coins': Why Trump Never Stops Scamming His MAGA Flock

With the election upon us, many voters are focused on Donald Trump's unravelling mental state and his radical plans to kill off the democracy. But there should be space to recall his scams victimizing ordinary people and his joy in pulling them off. That speaks to character.

Trump's latest fishy deal involves a crypto operation. But let's start about three decades earlier, in 1995. Trump's Atlantic City casinos were going under, and he needed suckers to bail him out. He thus hawked shares of Trump Hotels & Casino Resorts.

Sophisticated investors regarded a company built on two casinos that had already gone bankrupt as an obvious loser. And so Trump turned to the chumps who bought into his rich-man, spinner-of-gold act. They put $140 million into the company and became a joke on Wall Street.

Trump was stuck with a third casino that was also failing. He persuaded Trump Hotels & Casinos Resort to take it off his hands at a grossly inflated price. By 2004, the bankers had enough and sent the company into a Chapter 11 bankruptcy. For every $10 that his marks invested at that initial public offering, they had $1 left.

Trump's explanation for the collapse in stock price should sound familiar to anyone now listening to his usual excuses: "People don't understand this company."

You heard echoes when he recently appeared before the Economic Club of Chicago. The moderator, citing The Wall Street Journal, asked him about his growing pile of campaign promises that could add almost $8 trillion to the national debt. "What does The Wall Street Journal know?" Trump responded. "They've been wrong about everything."

The year Trump Hotels & Casino Resorts filed for bankruptcy, Trump incorporated Trump University. Students fell for Trump's promise to share his tricks for building a real estate empire. (They presumably were not current on Trump's recent casino fiasco.)

Trump University was "a massive scam," according to the conservative National Review. First off, it wasn't a university. Rather it was a bait-and-switch scheme whereby students were conned into paying a typical charge of $20,000 — "ALL PAYMENTS MUST BE RECEIVED IN FULL" — for basically nothing. They didn't even have their picture taken with Trump, as promised. Instead, they were posed next to a cardboard cutout of him.

Trump was sued up and down and finally agreed to pay a $25 million settlement.

Trump is now trying to draw believers into his sketchy cryptocurrency company, World Liberty Financial. The clear objective is to raise a pile of money through unregistered securities offerings. The tokens are supposed to be sold only to accredited U.S. investors. But as a financial writer for New York magazine reports, "I received an email pushing me to buy them, despite having no accreditation whatsoever."

New cryptocurrency ventures put out what's called a "white paper" detailing their project. Trump calls his a "gold paper." Its cover features a portrait of a stern Donald surrounded by a blotch of what looks like melting gold.

In clear language, it piously notes that Trump, his family and Trump Organization employees may not serve as "an officer, director, founder or employee of, or manager, owner or operator of Word (they didn't bother to check for typos) Liberty Financial."

Under that is a complexly worded paragraph explaining that 75 percent of the crypto coin revenue goes to the Trump family. Trump's son Barron, who just entered NYU as a freshman, has been named one of its "Web3 Ambassadors."

If Trump has so much money, why does he run these grifts? There's a simple answer: It's a game. In his moral universe, a successful scam targeting the little people who buy your story is just good fun.

Reprinted with permission from Creators.

Kamala Harris

These Republicans Know Harris Must Beat Trump To Save Democracy

Presidential elections of yore were not like this one. Would the media kindly get that into their collective skull? Many journalists seem to think that the reluctance of Kamala Harris to sit down for searing in-depth interviews on "the issues" is a major issue.

The one she did with CNN rested on the old gotcha questions. Harris said that she's now for fracking and that the border is orderly thanks to the president's executive order. Furthermore, she would sign the strict border bill that Donald Trump had killed to keep the issue alive. She's been saying this for months.

The only truly important issue in the presidential election of 2024 is existential. Can America survive as a democracy; that is, can it be saved from a mentally declining Donald Trump intent on falsifying vote totals, having already tried to do it through violence? He's already threatening to contest the election that hasn't happened. And the only way to put an end to that extortion is to beat Trump soundly in November.

Sure, we good-government types feast on detailed policy papers. But what we can gather about the vice president, much of it based on the Biden administration in which she serves, is that Harris is moderate on most things. Should she be elected, there will be reason to harp, make no mistake. (I look forward to that day.) Most important: We know that if she loses, she will concede.

In the meantime, our political traditions are facing code red.

What should bother us more than the price of hamburger is the prospect of ending four centuries of democracy dating back to the New England colonies. But if the economy is deemed all that matters, the indicators confirm far stronger economic growth under Biden.

Trump tells the MAGA masses they're not seeing what they're seeing — that dictators get the job done. On the contrary, democracies offer the best economies: Businesses need stable political institutions and the rule of law to flourish. And when the elected government pursues policies antithetical to economic prosperity, the voters can replace the leaders.

That's the argument advanced by "VCs for Kamala." These venture capitalists hold that strong, trustworthy institutions are a feature, not a bug, of American capitalism.

Growing numbers of smart conservatives now see MAGA as a threat, not only to democracy but to the survival of the Republican Party. A Republican hasn't won the popular vote in a presidential election since 2004. And the bizarre characters Trump foists on the party as down-ballot candidates — Kari Lake in Arizona, Mark Robinson in North Carolina — seem destined for easy defeat.

Leading conservatives are not only urging followers to withhold their vote for Trump but to vote for Harris. As former Republican Rep. Adam Kinzinger memorably told Democrats at their convention, "I am proud to be in the trenches with you as part of this sometimes awkward alliance that we have to defend truth, defend democracy and decency."

He hasn't given up the Republican label and told listeners that "Whatever policies we disagree on pale in comparison with those fundamental matters of principle, of decency, and of fidelity to this nation."

A group called "Republicans Against Trump" is spending over $11 million on television ads and billboards reading, "I'm a former Trump voter. I'm voting for Harris."

What Harris can do for the country is take Trump off our backs, and it appears that she could do it. So what if she passes on interviews that distract from the one big thing, which is securing the democracy.

How one feels about gas prices might matter in normal elections. This election is not normal.

Reprinted with permission from Creators.

Likely Trump Treasury Appointee Would Wreak Havoc On World Economy

Likely Trump Treasury Appointee Would Wreak Havoc On World Economy

Many Democrats, political and legal experts have warned that a second Donald Trump presidency would likely mean the end of American democracy, based on his proposed policies like mass deportation through force of the National Guard, and using the Department of Justice to target his political enemies.

In a Sunday, August 4 report published by Politico, reporter Gavin Bade highlights another aspect of a second presidency that would also be a danger to democracy — former top Trump trade official, Robert Lighthizer.

Foreign Policy columnist Edward Alden, in May, wrote an article about Lighthizer, titled, "The Man Who Would Help Trump Upend the Global Economy, asserting: "As President Donald Trump’s trade representative, he turned the United States away from six decades of support for a rules-based, multilateral trading system and toward a robustly nationalist approach."

Alden added:

Even as most of Trump’s former officials have denounced him as unfit to be president again, Lighthizer has kept the faith—seeing in Trump, as many others do, a flawed vessel for some greater public good. He remains one of Trump’s top policy advisors in the 2024 campaign and would be set for a bigger job—likely Treasury secretary—if Trump wins in November. Lighthizer’s mission of transforming not just U.S. trade policy but broader U.S. international economic policy is just getting started.

Likewise, Bade warns in his article, "If Trump wins in November, Lighthizer is poised to pursue an even more disruptive set of policies next year, one that is already raising alarms in foreign capitals, on Wall Street and among many economists."

Additionally, Bade reports:

According to four former Trump officials, granted anonymity to speak about sensitive personnel issues, Lighthizer is a candidate for a number of senior roles in a second Trump administration, from Treasury or Commerce secretary to a second turn as USTR, or as an economic adviser or even White House chief of staff. His profile rose further last month with the selection of Ohio Sen. JD Vance as Trump’s running mate, a committed protectionist who aligns with Lighthizer ideologically.

The Politico reporter also notes that Lighthizer isn't only friends with Republicans.

"Even Democrats on Capitol Hill, who fought Trump doggedly on other policies, often found common ground with Lighthizer," Bade notes.

"But even some lawmakers who like Lighthizer personally, like [Rep. Richard] Neal (D-MA) and [Senate Finance Chair Ron] Wyden (D-OR), are wary of his more aggressive second-term agenda, which many economists warn could spike inflation and threaten the American economy’s leading role among world nations."

Neal told Politico, "Those plans, including higher tariffs across the board and moves to decrease the value of the U.S. dollar, entail 'an awful lot of risk without a proper assessment.'"

Reprinted with permission from Alternet.

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