Ukraine revelations are pummeling the Biden campaign, furthering his slump, Q3 fundraising numbers drop, Yang rises, and rumors fly that Grandma Death is about to escape from her crypt yet again. It’s your Democratic Presidential clown car update!
Q3 Fundraising
It’s that time again! Fundraising totals came gushing out of the campaigns last week:
- Bernie Sanders: $25.3 million.
- Elizabeth Warren: $24.6 million.
- Pete Buttigieg: $19.1 million.
- Joe Biden: $15.2 million.
- Kamala Harris: $11.6 million.
- Andrew Yang: $10 million.
- Cory Booker: $6 million.
- Marianne Williamson: $3 million.
- Steve Bullock: $2.3 million.
- Michael Bennet: $2.1 million.
Those are good numbers for Yang, bad numbers for Harris, and terrible numbers for Biden. As the presumed front-runner and DNC insider candidate, Biden should be rolling in donor dough. He’s not. And he had two-and-a-half months to raise money before the whole Ukraine thing really broke open. This suggests serious organizational impairment by the Biden campaign, or that Biden himself is simply phoning it in.
Sanders topped the list, but everything hings on how well, and how quickly, he comes back from his heart attack. Warren is in line with expectation: The bump from beating Biden has to be tempered with the disappointment of losing to Sanders. More than half of the media seems ready to anoint Warren The Chosen One, but her performance isn’t yet justifying it yet.
As for Yang, between this and his rising poll numbers, there’s no reason to treat him as any less serious a candidate than Harris.
Polls
Pundits, etc.
Candidates will need to clear 3 percent in four DNC-approved polls, up from the 2 percent required to qualify for the September and October debates. But the committee also created an additional early-state path to qualify: garnering 5 percent in two approved polls conducted in Iowa, New Hampshire, Nevada or South Carolina.
Additionally, candidates now need to receive donations from 165,000 unique donors — up from 130,000 from the September and October debates — with 600 unique donors in 20 different states, territories or the District of Columbia.
The top fundraiser in the Democratic presidential field was hospitalized for a heart attack, the longtime polling leader and his son sit at the center of an impeachment inquiry, and the one candidate with clear momentum faces persistent doubts among some party leaders that she is too liberal to win the general election.
With breathtaking speed, the events of the past two weeks have created huge uncertainty for the candidates who have dominated the Democratic nomination race, shaking a party desperate to defeat President Trump next year and deeply fearful of any misstep that risks reelecting a president many Democrats see as dangerously unfit for office.
Concerns have risen in recent days that the potential Democratic slate has been weakened by events largely out of the candidates’ control. Sen. Bernie Sanders (I-Vt.) promised a speedy return to the campaign trail after leaving the hospital Friday, but it was unclear whether the 78-year-old would be able to replicate his previously frenetic travel schedule. Former vice president Joe Biden, who has spent most of the race as the leader in the polls, has faced daily attacks from Trump over largely unfounded allegations about his son Hunter’s foreign business dealings, highlighting a potential vulnerability for the candidate many saw as the best hope for beating Trump.
Snip.
But they point to several worrying factors, including questions about whether Biden is equipped to mount an effective defense against Trump’s attacks and whether the surging Sen. Elizabeth Warren (D-Mass.) would alienate moderate voters and donors if she were the nominee. Some fear that Sanders’s health problems put a spotlight on the advanced age of the top contenders, all of whom are in their 70s. Others expressed skepticism that any Democrat would be able to compete against Trump’s unmatched ability to shift the public’s focus.
Now on to the clown car itself:
For Mr. Biden’s campaign, no attack could have been more difficult to deal with than one involving the candidate’s son.
Mr. Biden nearly did not run for president because of the effect it would have on his family — and particularly on Hunter Biden and his children, according to multiple advisers to the former vice president. Hunter Biden has struggled for years with substance addiction and had recently gone through a very public divorce from his first wife.
In separate interviews, Mr. Coons and his fellow senator from Delaware, Tom Carper, both said they had warned Mr. Biden that the president would target his family.
“He expected his family to be attacked,” Mr. Carper said, adding that Mr. Biden assured him he was braced for “the onslaught.’’
Mr. Biden’s family, including his son, encouraged him to enter the race, knowing the attacks were inevitable. But as Anita Dunn, one of Mr. Biden’s closest advisers, put it: “When it happens, it still feels pretty lousy.”
The Biden campaign has attempted to handle the candidate’s son with great sensitivity. Mr. Biden made clear at the outset that Hunter, a lawyer who had long advised his father on his campaigns, should not be made to feel excluded, people who spoke with him said. One adviser to Mr. Biden recently telephoned his son to solicit advice on the upcoming debate in Ohio.
But to most of Mr. Biden’s aides, Hunter Biden has been a spectral presence. He is living in Los Angeles and stayed away from Mr. Biden’s campaign launch in Philadelphia. Hunter Biden quietly attended the last two debates and appeared with his new wife, Melissa Cohen, at a July fund-raiser in Pasadena, Calif.
Still, Mr. Biden’s advisers are aware that Hunter Biden carries political vulnerabilities. His business career has intersected repeatedly with his father’s political power, through roles he had held in banking, lobbying and international finance. Working for a Ukrainian energy company beginning in 2014, he was paid as much as $50,000 a month while his father was vice president, and some of Mr. Biden’s admirers worry that, while Mr. Trump’s accusations are without merit, voters may view Hunter Biden’s actions as problematic.
“Without merit.” “Problematic.” You can always count on the press to put lipstick on a Democrats’ pig. More on Hunter Biden:
There’s an old saying about addiction. The man takes a drink (or a sniff), then the drink takes a drink, until the drink takes the man. It will take the bystanders, too, if they let it. Addiction is ravenous. But there was always someone in Joe Biden’s life to help him out with Hunter. It’s heartwarming when family and friends swoop in to care for the boys while Daddy serves the people of Delaware. But little boys have little needs, while big boys have bigger needs.
Soon enough, directionless Hunter has a six-figure job at a bank run by Biden supporters. When Hunter grows bored, there’s another lucrative job under the tutelage of a former Biden staffer. When Hunter wants a house he can’t afford, he receives a loan for 110 percent of the purchase price. And when he goes bust, another friendly banker mops up the damage.
Then his brother Beau contracts fatal brain cancer, and the last wobbly wheels come off Hunter Biden’s fragile self. At this point, the New Yorker piece becomes a gonzo nightmare — much of it narrated by Hunter himself — of hallucinations, a car abandoned in the desert, maxed-out credit cards, a crack pipe, a strip club and a brandished gun.
If, as the magazine headline put it, Hunter Biden now jeopardizes his father’s campaign, the article makes clear Joe Biden feels a share of the blame. Yet, by the time the senator was vice president, the folks still willing to help Hunter were of a sketchier variety. There was a Chinese businessman who, Hunter said, left him a large diamond as a nice-to-meet-you gift. And a Ukrainian oligarch who hired Hunter at a princely sum to do nothing much. (Neither the firm nor Hunter Biden identified any specific contribution he made). Joe Biden’s response, according to his son, was: “I hope you know what you are doing.”
Hope! What family of an addict hasn’t fallen back to that last trench? Denial, they say, is not just a river in Egypt.
The story of that golf outing with Hunter’s Ukrainian paymasters Joe Biden lied about. And just in case you missed this from Friday’s LinkSwarm:
Let's play a game.
Trump's "Photograph" video is being struck on Twitter due to "Copyright" claims ignoring Fair Use.
Download the video from any tweet using this link and repost it: https://t.co/Cik1c0k1Gz pic.twitter.com/fd352HBCWB
— They call me Ralph (@NewRandomGeek) October 3, 2019
And don’t look now, but there’s more Rudy going after Hunter coming down the pike: “We haven’t even talked about Romania yet.” Evidently 38% of Biden’s Q2 fundraising came from just 2,800 people.
Pete Buttigieg, the 37-year-old gay mayor of a small Indiana city (South Bend) half the size of Des Moines, is acing the listening test. His words, even in a stump speech, tend to be more thoughtful and more surprising than the standard political applause lines of his rivals. Elizabeth Warren often elicits cheers, Joe Biden gets the occasional affectionate chuckle, but Buttigieg summons up a different reaction. I first noticed it while seeing him at a Des Moines house party on a sparkling Saturday morning in June. As with Obama in 2006, members of the audience leaned forward to listen to Buttigieg speak rather than sitting back to applaud politely. What struck me at the time was that Buttigieg was pulling off this listening trick even though he lacked the national political profile that Obama boasted back in 2006, from his electrifying speech to the 2004 Democratic convention.
It’s all pretty unconvincing. “Mayor Pete Is Starting to Annoy Almost Everyone Else in the 2020 Race.” Caveat: The Daily Beast, so take with several grains of salt.
Right now, the pair are each below 2.5 percent in the RealClearPolitics averages, with O’Rourke at 2.2 and Castro at 1.4 percent respectively. Even businessman Andrew Yang has eclipsed the pair.
In Texas, O’Rourke has held a slight hold on second place for months — 10 points behind Biden and slightly ahead of Sen. Elizabeth Warren (D-MA) — until the recent Quinnipiac poll, which showed Warren had moved ahead of O’Rourke and put him in third place in his home state.
Meanwhile, while Castro is outperforming his national poll numbers in Texas, he has failed to hit higher than 4 percent in any Texas polls taken thus far.
Castro praises Cesar Chavez, calling him a hero and ignoring the fact he was passionately opposed to illegal immigration.
Out of all the Democratic candidates, there is perhaps none more inauthentic and grating as Kamala Harris. To be fair, she doesn’t have the shrillness of Hillary Clinton, but she has every other bad quality in spades. She can’t hold a consistent position, she’ll do anything for support, and everything she says sounds like it was focus grouped. None of those things are good descriptors to be attached to one’s campaign.
After being fluffed as the presumptive front runner following the first debate (which I called a sucker’s bet at the time), Tulsi Gabbard kneecapped Harris in the second debate and she has never recovered. Since then, it’s been a steady stream of desperation from her campaign….Her campaign is hemorrhaging cash, the donors have dried up, and she’s old news to the media.
But now things are getting even worse. Her campaign is literally breaking down. The upper levels of her campaign staff are being changed up and she’s bringing over people from the Senate side to try to rescue her.
California Sen. Kamala Harris plans to restructure her struggling presidential campaign, sources with knowledge of the staffing plans tell CNN.
The changes represent the clearest sign to date that Harris, who has seen her poll numbers consistently fall over the last three months, feels changes are needed to jumpstart her presidential bid and streamline an operation that one source said has been been bogged down by bureaucratic hurdles.
Harris will elevate Rohini Kosoglu, her Senate chief of staff, and senior adviser Laphonza Butler into senior leadership positions within the campaign, the sources said, splitting responsibilities for the day to day management of the operation.
Juan Rodriguez will remain Harris’ campaign manager, but the addition of Kosoglu and elevation of Butler shifts some of the longtime Harris aide’s responsibilities to different staffers.
Adding more cooks to the slop kitchen won’t help. The problem with the Kalama Harris campaign is Kamala Harris. Heh: “Kamala Harris Undergoes Heart Surgery After Seeing Positive Reception For Sanders.” Heh 2:
Harris asks if America is ready for her presidency: crowd shouts out “no”https://t.co/bnnxZeBS1F pic.twitter.com/reLfvYGacZ
— RNC Research (@RNCResearch) October 3, 2019
With just four months until the first-in-the-nation caucuses, Sanders is in trouble. As he delivered his populist gospel to large crowds of camouflage-clad high schoolers, liberal arts college students, and trade union members across Iowa last week, a problematic narrative was hardening around him: His campaign is in disarray and Elizabeth Warren has eclipsed him as the progressive standard-bearer of the primary. He’s sunk to third place nationally, behind Warren and Joe Biden, and some polls of early nomination states show him barely clinging to double digits. He’s shaken up his staffs in Iowa and New Hampshire. He’s lost the endorsement of the Working Families Party, a left-wing group that backed him in 2016, to Warren.
Dismissed out of the gate in 2016 as a nonfactor against Hillary Clinton — only to single-handedly shift the Democratic Party’s ideological center of gravity — Sanders is quite familiar with being left for dead. His top brass’ official line is that pundits and political elites are writing him off because they have no clue what’s happening at kitchen tables and picket lines across America. Sanders and his team have argued some polls that are bad for him are out of whack and several polls that are good for him are ignored by the media.
Meanwhile, his aides say, Sanders remains a fundraising and organizing juggernaut. In its classic big-big-big-numbers style, the campaign announced this month that it had both contacted 1 million voters in Iowa and received donations from 1 million people throughout the United States — a milestone he reached faster than any Democratic presidential candidate in history.
Pre-heart attack counterpoint:
For a guy who’s supposed to be slowly fading into the second tier, Bernie Sanders had a good third quarter of fundraising, announcing this morning that his campaign raised $25 million in the past three months. (One wrinkle: Sanders’ campaign did not specify how much cash on hand he has left.)
The upshot is that Bernie Sanders will probably have enough financial resources to stay in the presidential race as long has he likes, all the way to the Democratic convention in Milwaukee if he wants. As of this morning, he’s still a respectable third nationally in the RealClearPolitics average nationally (17.8 percent), third in Iowa (12 percent), third in New Hampshire (18.8 percent), second in Nevada (21.7 percent), and third in South Carolina (15 percent, and Elizabeth Warren is at 15.7 percent). And fairly or not, a lot of Democratic race-watchers see Joe Biden’s campaign as a ticking time-bomb with a gaffe-prone candidate and the Hunter Biden stuff now getting more play.
From an early age, Tom Steyer has hopscotched from one rarified sphere of American prestige and privilege to the next. His resume starts at the Upper East Side of New York’s The Buckley School, a private K-9 that educated Franklin Roosevelt and a young Donald Trump. Next stop was Phillips Exeter, the patrician New Hampshire boarding academy. Then Yale, where Steyer studied economics, played soccer and graduated at the top of his class. A brief stint at Morgan Stanley, a business degree at Stanford and a job at Goldman Sachs rounded out Steyer’s gilded early resume.
And that was before he became a billionaire.
In San Francisco, Steyer teamed up with the banjo-playing financier Warren Hellman and started a hedge fund. It would eventually be named Farallon Capital and grow from $15 million to more than $20 billion investing diversely: corporate mergers, distressed Asian banks, pharmaceutical companies.
Today Forbes estimates Steyer’s net worth at $1.6 billion. But Farallon’s past investments in coal mines, private prison companies and aquifer-pumping land deals may not jibe with Democratic voters. Neither might Steyer himself — a white guy from high finance.
“The whole issue of income inequality has become a fairly major talking point with Democrats,” said Garry South, a California political strategist. “Why would you think that a billionaire is the best person to deal with income inequality? It’s sort of a contradiction in terms.”
Steyer is a bit of a contradiction himself. In the mold of Warren Buffet, he is famously restrained in his spending habits (to a point). His sartorial style could be described as “Boomer dad”: He regularly wears the same tartan tie and a colorful beaded belt he bought on a trip to Kenya. He flies commercial, for environmental reasons. Speaking to CalMatters over the phone from Iowa, he recalls meeting a “slick-as-could-be” energy lobbyist a few years back who was wearing a “$5,000 suit.” As if Steyer couldn’t drop ten times that on a new outfit every morning for the rest of his life.
Snip.
In 2010, he co-chaired the committee to defeat a repeal of the state’s cap-and-trade emissions reduction program, putting $5 million into the effort. He struck Dan Logue, a former Republican Assemblyman who sponsored the measure and debated Steyer that year, as a true believer “committed to the cause.”
In 2012, Steyer ratcheted up his financial involvement, spending $30 million on a ballot measure to close a tax loophole, effectively raising rates on businesses with out-of-state facilities. In 2016, he spent millions more on an unsuccessful bid to overturn the death penalty, and successful initiatives to raise cigarette taxes and reduce sentences for non-violent crimes.
Steyer’s early focus on voter-initiated policy change runs through into his presidential campaign. He’s proposing to give voters the power to directly make federal law twice each year.
Snip.
Many California voters may not know who Steyer is, but California politicians do.
He’s spent the past decade putting massive sums of cash toward supporting progressive candidates and boosting voter registration.
Starting in 2013, Steyer began throwing his considerable financial weight behind individual candidates across the country through NextGen Climate Action Committee, a super PAC he started to help make climate change a winning issue for progressives.
In the lead-up to both the 2014 and 2016 elections, Steyer’s family firm, Fahr LLC, was the biggest contributor of publicly disclosed political cash of any organization in the country. (Fahr, his middle name, was his mother’s maiden name.) In 2018, Fahr slipped to second place. So far in the 2020 cycle, the Steyers are back in the top spot.
That largesse has endeared him to some Democrats.
“I know the difference between talkers and doers and Steyer is a doer,” said Bob Mulholland, a Democratic National Committee member from California.
“Some candidates can come and be the main speaker at a dinner and that’s nice. But if you can write big checks…,” he said, trailing off.
The piece notes he’s sometimes “not been a team player”…but only in the sense that he backs farther left challengers against Democratic incumbents. Picked up a state rep endorsement in South Carolina. “Steyer’s campaign says state Rep. Jerry Govan has signed on as a senior adviser. Govan is chairman of South Carolina’s Legislative Black Caucus.”
From stem to stern, the senator from Massachusetts has marketed herself as the candidate with everything thought out. For every problem facing our nation, her slogan says she “has a plan for that.” Warren is running on a myriad of big government programs including Medicare for all, student loan debt cancellation, and free college tuition. Her plan to pay for these promises includes a wealth tax of 2 percent on fortunes above $50 million and 3 percent on fortunes above $1 billion.
To many voters, her plans sound attractive, and her years in academia lend to her pitch. She is articulate and crafty enough to crib off Sanders, while arguing that she just wants capitalism with a human face. In reality, however, the former Harvard professor is hoping you will not do the math yourself when it comes to her grandiose pitch. Almost every element of her plans would drive discourse to the left, while weakening our political and economic systems to make it susceptible to crony capitalism.
Even the centerpiece of the Warren campaign platform is obviously unworkable. A wealth tax on fortunes above $50 million is touted as the key funding mechanism for a plethora of new programs. But European nations have attempted numerous such wealth taxes, and none have been successful. Since 1990, the number of European states with such a levy has fallen from a dozen to three, including otherwise low tax Switzerland. Between 2000 and 2012, the burdensome wealth tax in France caused 42,000 millionaires to flee the country. The nation ultimately scrapped the impost in 2018.
While a wealth tax in the United States is likely unconstitutional to begin with, it is certainly unenforceable in the way that Warren desires.
Snip.
But perhaps the biggest problem with the Warren wealth tax plan is that it is estimated to bring in an average of less than $3 trillion over the following decade, which would provide less than 10 percent of the total cost of her Medicare for all plan. Warren will not state the obvious that in order to pay for any of her policy proposals, it would require a massive tax increase on the middle class.
Even worse, Warren proposes a frightening Office of United States Corporations through her Accountable Capitalism Act. Under the plan, workers must represent 40 percent of corporate boards of companies worth more than $1 billion. It also institutes strict controls on political spending and requires a corporate charter approved by the federal government. This idea is Orwellian. After all, the idea of government control of private industry is among the textbook definitions of fascism and its concept of corporatism. That means charters to do business could be revoked by Washington.
A short list of all the taxes Warren has proposed. “Democratic presidential candidate Elizabeth Warren endorsed a Rep. Alexandria Ocasio-Cortez (D., N.Y.) policy proposal that includes taxpayer-funded welfare benefits for illegal immigrants.” Wargaming what happens if Warren beats Biden in Iowa and New Hampshire. It’s all church-of-what’s-happening-now speculation, but they do note Howard Dean’s flameout.
As Peter Beinart has trenchantly observed in The Atlantic, formerly moderate Generation X Democratic candidates Cory Booker and Kamala Harris have chosen to turn their backs on policies they once championed. Booker no longer talks up his successful expansion of charter schools as mayor of Newark, while Harris has run away from her common-sense decision, as San Francisco district attorney, to enforce truancy laws as a means to get the attention of parents of disadvantaged students. But there’s another Gen X candidate, unmentioned by Beinart, who’s run away from past successes: Andrew Yang.
While he promotes government-led efforts to redistribute income, Yang has been silent about his own groundbreaking efforts to help declining cities — not through government, but through civil society. In 2011, after a successful career as corporate lawyer and business-school test-prep entrepreneur, Yang founded Venture for America (VFA). Modeled on Teach for America, VFA aimed to attract applicants from elite colleges to work as paid interns at start-up companies in poor cities such as Detroit, Cleveland, Birmingham, and Baltimore. Its funding came entirely from philanthropists, most importantly Detroit’s Dan Gilbert, the founder of Quicken Loans. Like Dan Markowits, the author of the new The Meritocracy Trap, Yang saw the best and brightest as having “too limited a vision of what career success looks like,” and got to work fixing the problem.
Today, VFA is still in operation, with fellowships in 14 different cities around the country. The organization has supported more than 1,000 fellows, working in business incubators and often going on to found start-ups of their own. It says that 51 percent of them continue to live in the cities where their fellowship was based, and they’ve been involved in starting 129 new companies.
Bringing graduates of some 300 colleges to cities that ambitious young people have long been fleeing is nothing to sneeze at. It’s a record of success that gives Yang, if he’d only use it, a ready-made, positive message on the stump: Talented people can start new businesses, help power established ones, and in the process, make cities thrive. This message is all the more powerful when juxtaposed with generations of failed local, state, and federal policies based on the idea that subsidies to attract business are the best way of rejuvenating cities in decline.
Indeed, what is striking about Yang’s Venture for America is its fundamental separation from those failed government policies and from government itself.
I suspect that’s the very reason he doesn’t talk about it to Democrats. He blasted China for blasting the Houston Rockets for Daryl Morey posting a pro-Hong Kong tweet, which has engendered big controversy, because the Rockets have a lot of business deals in China thanks to the Yao Ming era. But Morey (and Yang) was right the first time. Funny how CNN and MSNBC just keeps leaving Yang out of infographics:
Yang raised $10 million, but MSNBC shows Booker in fourth at $6 million. https://t.co/N1tf7NBI9q
— James Hasson (@JamesHasson20) October 4, 2019
Out of the Running
These are people who were formerly in the roundup who have announced they’re not running, for which I’ve seen no recent signs they’re running, or who declared then dropped out:
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*I was only vaguely aware of Nickleback in their heyday, and only became aware of them after all the memes talking about how much they sucked. Now that I’ve been forced to listen to “Photograph” to keep up with current events, eh, I don’t hate it. Solid piece of nostalgic pop rock. Honestly, what strikes me most is how the chorus of a song from 2005 sounds exactly like every “hot country” song circa 2014…