Posts Tagged ‘Goldman Sachs’

China Is Screwed: Pipe People

Sunday, August 13th, 2023

I didn’t intend to do an all “China is Screwed” video roundup weekend, but the videos keep stacking up and I need to post some rather than producing a giant unwieldy post with hours of footage.

First up: Young people’s whose job prospects and futures are so dim that they’re actually living in concrete pipes.

Takeaways:

  • Certainly America has no shortage of transients living rough, but in contrast to ragged drug addicts, alcoholics and dangerous lunatics, the people living in these pipes look to be normal, healthy 20-something Chinese.
  • Just because you’re living in a concrete pipe doesn’t mean you can’t be a live-streamer. Like the under-the-bridge streamers seen in previous videos, you wonder how widespread this behavior is, or whether we’re just seeing the edge of the freak show.
  • “Despite the female hosts not being beautiful and the male hosts not handsome, it doesn’t affect viewership.” I do rather want to check their numbers, here.
  • “This is because it’s happening in the industrial city known as the world’s factory – Dongguan in Guangzhou.” It’s on the Pearl River Delta near Guangzhou and Hong Kong. “After more than thirty years of China’s reform and opening up, Dongguan, which has always been at the forefront of economic development, has recently seen a wave of business closures and foreign capital relocation.” See also: all those previous China is screwed videos.
  • “When foreign capital withdraws, thousands of Chinese workers lose their jobs. Among these people, some have worked in factories for decades and are now middle-aged. It’s overwhelming to be suddenly faced with unemployment and consequential cost-of-living pressures, coupled with labor competition against millions of university graduates.” I’m sure that sucks, just like getting laid off here sucks. But in a capitalist economy, even a flawed one like we have, is always going to be more flexible about creating jobs that one ruled by a communist party’s aristocracy of pull.
  • “Those who are single simply adapt to homelessness, creating their own personal space amongst the concrete pipes.” Or, you could have, you know, lived modestly, saved money, and shared housing with other people. The fact they haven’t gone this route and are instead living in pipes suggests something in the Chinese economy is even more broken than we think.
  • Foreign companies like Microsoft and Nokia are now moving to Vietnam and India. “Japanese companies like Panasonic, Daikin, Sharp, and TDK are planning to move their manufacturing bases back to Japan. Well-known companies like Uniqlo, Nike, Funai Electric, Samsung, and others are also accelerating their withdrawal from China.”
  • Like industry is also fleeing from elsewhere in China.
  • “The once bustling Bund in Shanghai is now overgrown with weeds due to lack of maintenance and tourism, presenting a scene of desolation. Everywhere in Shanghai’s luxury residential communities, there are messages about subleasing and selling at a loss. The elites, celebrities, and tycoons left Shanghai at the first chance they got after the lifting of the lockdown. The political uncertainty in China and the frequent changes in regulatory clauses by the authorities have made entrepreneurs miserable.” Communists making entrepreneurs miserable? This is my shocked face.
  • “Domestic entrepreneurs are reluctant to invest further, and foreign investors are hastening their departure.”
  • Various Chinese company specific layoffs and financial difficulties snipped.
  • “Wall Street leading figures, after enjoying three years of benefits from the broad opening of China’s financial market, are planning large-scale cuts to projects and staff in China…Goldman Sachs has lowered its five-year plan expectations, and Morgan Stanley has decided not to set up a securities dealer in China, reducing its derivative and futures business investment to $150 million. JPMorgan Chase & Co. began cutting its dedicated staff in China earlier this year.” There’s not a violin small enough.
  • In a capitalist economy, there would be some sort of middle ground between the empty ghost cities and people living in pipes near megalopolises. If you don’t regulate the economy so heavily as to make building housing impossible (I’m looking at you, California and NYC), then profit will drive developers to create housing to fill a market need. With China’s crazy misallocation of loans to unprofitable housing to satisfy regional government growth targets, supply has been so severed from demand that such market-making is impossible.

    China is going to come out of it’s decades-long growth spurt with crumbling cities and people that mostly are still poor.

    Great job, Xi!

    LinkSwarm for August 4, 2023

    Friday, August 4th, 2023

    More Biden Crime Family evidence surfaces, another mysterious Chinese bio-lab (this one much closer to home than Wuhan), more blue city real estate disaster, and Tim Scott screws up. It’s the Friday LinkSwarm!

    

  • “Joe Biden Allegedly Interacted With Son’s Clients More Than 200 Times.”

    President Joe Biden vehemently denied ever talking business with his son, “or with anyone else” in the run-up to the 2020 election. In fact, Biden even fat-shamed an Iowa voter who approached the subject during the Democratic primaries. On the debate stage with Donald Trump, the former vice president peddled conspiracies of Russian interference when emails from Hunter Biden’s laptop revealed otherwise.

    On Sunday night, the New York Post reported on anticipated testimony from Hunter Biden’s former business partner, Devon Archer. The 48-year-old who went golfing with the Bidens in 2014 is expected to tell the House Oversight Committee how Hunter Biden put his father in contact with foreign businessmen and potential investors at least 24 times. According to the Post, such meetings were either in person or by speakerphone, with Hunter Biden often dialing in Joe.

    Beyond those meetings, there are more than 180 other episodes where the president interacted with his son’s business partners, contrary to his campaign claims of “absolute” separation.

  • Multiple Banks Filed Over 170 ‘Suspicious Activity’ Reports On The Bidens.”

    As the evidence for at least an impeachment inquiry into President Joe Biden mounts, Sen. Ted Cruz (R-TX) and co-host Ben Ferguson discussed the latest bombshell – 170 suspicious activity reports (SARs) from six banks over the past few years – on their podcast with House Oversight Chairman James Comer (R-KY).

    As Townhall reports, these SARs are submitted and sent to the Treasury Department when banks “have a strong suspicion” that a crime has been committed, so as to protect the bank.

    As Comer emphasized, these are submitted “very seldom.”

    If someone were to have two, the chairman explained, it would be hard for that person to open up a bank account.

    Submitting an SAR, Comer added, also is “inviting the regulators to come in and regulate,” which is the last thing banks want.

    The 170 reports are thus quite significant.

  • And still more Biden corruption news: “Devon Archer’s full testimony released.”

    The full transcript from Devon Archer’s sworn testimony before the House Judiciary Committee from Monday, July 31, has been released. During that testimony, Archer told Rep. Dan Goldman that Hunter Biden had been placed on the board of directors for Ukrainian energy company Burisma in order to “legally” intimidate people.

    During that question period, Goldman asked Archer “So based on everything you saw, heard, and observed, did you have any knowledge of Joe Biden having any involvement with Burisma?”

    Archer said that while he did not have “direct” knowledge, it was his view that Burisma would not last were in not for Joe Biden’s involvement. “My only thought is that I think Burisma would have gone out of business if it didn’t have the brand attached to it. That’s my, like, only honest opinion,” Archer said. He went on to say that the company was able to survive for as long as it did because Hunter was on the board.

    “Just because of the brand,” Archer said. The “brand” refers to the Biden name. Speaking with The Post Millennial, Congresswoman Marjorie Taylor Greene said that the brand was not only Biden, but the vice presidency during Biden’s tenure.

    “How does that have an impact?” Goldman asked.

    “Well, the capabilities to navigate D.C.,” Archer said, “that they were able to, you know, basically be in the news cycle. And I think that preserved them from a, you know, from a longevity standpoint. That’s like my honest—that’s what I—tht’s like how I think holistically.”

    “But how would that work?” Goldman asked.

    “Because people would be intimidated to mess with them,” Archer replied.

    “In what way?” Goldman pressed.

    “Legally,” Archer said.

    Archer also spoke about the meetings during which Joe Biden would call in, or be called. “He put him on speakerphone, again, occasionally. Specifics, like, you know, dinner—you know, dinners occasionally.” Archer was asked to describe the dinners, and said “I remember a dinner in Paris with a French energy company that was—we were speaking to an advisor, and then—we were speaking to. And it was really a Rosemont Seneca Advisors type of—a Rosemont Seneca Advisors kind of a pitch, at the end of the day. And there was a talk, and he said that we’re at this—you know, we’re at this restaurant in Paris, and he put him on the speaker. So that did happen. There were other people there.”

    That dinner, specifically, was attended by “myself; Hunter; Eric Schwerin; and then the executives from the French energy company,” Archer said.

    Another was in “Beijing, at, you know, some restaurant,” Archer said, “—or Chengdu or something like I don’t remember the—I don’t remember specifics. This was just—it was not—t was like a, you know—especially with the time zone difference, there was—you know, there were meetings where his dad would call and he would be talking to him or put him on speaker. I’m not going to—you know, that’s—that happened.”

    Archer said that the conversation at that dinner, with Jonathan Li, was primarily niceties. But it was his contention that getting the vice president on the phone, showing off that kind of access, was what those calls were all about. Archer testified that Hunter Biden would say things like “Hey, guys, my dad’s on the phone.”

    Another call, which Archer revealed during questioning by Rep. Jim Jordan, took place in Dubai. During this impromptu meeting, Hunter Biden was contacted by Burisma’s CEO Zlochevsky, who said “We’re under pressure. We need to go—we want to talk to Hunter.” Hunter called DC, and Archer was “not in the earshot” of that call.

    It was only 5 days after that call that Joe Biden “has a trip to the Ukraine, and he makes a statement: ‘It’s not enough to set up a new anti-corruption bureau and establish a special prosecutor fighting corruption. The Office of the General Prosecutor desperately needs reform.” That was in 2015, and Biden withheld $1 billion in loan guarantees from Ukraine until such time as the prosecutor Viktor Shokin was fired.

    The full transcript is here.

  • Know who else is squealing on the Biden Crime Family? Jill Biden’s ex-husband.

    Bill Stevenson, who was married to Jill Biden between 1970 and 1975, told Newsmax last week that the president’s brother, Frankie Biden, tried to intimidate him during his divorce with Jill, and claimed the family threatened him with repercussions.

    “Frankie Biden of the Biden crime family comes up to me and he goes, “Give her the house or you’re going to have serious problems,”” Stevenson said. “I looked at Frankie and I said, “Are you threatening me?” and needless to say, about two months later, my brother and I were indicted for that tax charge for $8,200.”

    When asked to clarify whether he thinks Joe Biden was behind the tax charge, Stevenson told host Greg Kelly: “I not only think it, but I know it,” adding that he “could not believe the power of Joe Biden and the Department of Justice. I couldn’t believe it.”

    Kelly also noted the parallels between Stevenson’s case and Hunter Biden’s ongoing tax troubles – noting that Hunter was hit with just two misdemeanor counts for $2.2 million in unpaid taxes, while Stevenson and his brother were slapped with two felonies for just over $8,000 in unpaid taxes.

  • This is a weird, disturbing story: Mysterious Chinese bio-lab discovered in Reedley, CA in the central San Joaquin Valley.

    Court documents detail the horrors and dangerous nature of an illegal lab found in Reedley, California, exposed several months ago by a city code enforcement officer. What was found inside prompted the fire chief to send a letter to city officials describing it as a “potential disaster for the city.”

    An investigation into the warehouse was prompted by a simple garden hose that was illegally attached and coming out of a wall in the back of the building.

    “Frankly, we knew that should not have been there and when she went to investigate, she found that there was activity or operation or something happening within that building,” said Reedley City Manager Nicole Zieba.

    The city then obtained a search warrant to look inside what should have been an ordinary warehouse. Inside, they found thousands of vials, many of which contained bio-hazardous materials like human blood, and other unknown substances.

    “There was over 800 different chemicals on site in different bottles of different acids. Unfortunately, a lot of these are being categorized under ‘unknown chemicals,’” said Assistant Director of the Fresno County Department of Public Health Joe Prado. “A lot of these labels have been removed from bottles so there was only so much testing we could do [on] those chemicals.”

    Health officials also discovered nearly 1,000 lab mice, 200 of which were dead.

    Prado said the warehouse occupants claimed they were “doing some testing on laboratory mice that would help them support [and develop] the COVID test kits that they had on-site.”

    According to court documents, officials with the Centers for Disease Control and Prevention tested what they could and determined that at least 20 potentially infectious viral, bacterial, and parasitic agents were present, including E. coli, malaria, and the virus that causes COVID-19.

    What. The. Hell?

  • “Biden White House asked Facebook to tweak algorithm to push mainstream over conservative news.” Of course they did. That’s viewpoint discrimination.
  • “Scientists Call for Full Retraction of Nature’s Proximal Origin Paper, as Fraud Accusations Mount.” Their response was simplicity itself: They lied.

    A growing number of people, including prominent scientists, are calling for a full retraction of a high-profile study published in the journal Nature in March 2020 that explored the origins of SARS-CoV-2.

    The paper, whose authors included immunology and microbiology professor Kristian G. Andersen, declared that evidence clearly showed that SARS-CoV-2 did not originate from a laboratory.

    “Our analyses clearly show that SARS-CoV-2 is not a laboratory construct or a purposefully manipulated virus,” the authors wrote in February.

    Yet a trove of recently published documents reveal that Andersen and his co-authors believed that the lab leak scenario was not just possible, but likely.

    “[The] main thing still in my mind is that the lab escape version of this is so friggin’ likely to have happened because they were already doing this type of work and the molecular data is fully consistent with that scenario,” Andersen said to his colleagues, according to a report from Public, which published a series of Slack messages between the authors.

    Anderson was not the only author who privately expressed doubts that the virus had natural origins. Public cataloged dozens of statements from Andersen and his co-authors—Andrew Rambaut, W. Ian Lipkin, Edward C. Holmes, and Robert F. Garry—between the dates January 31 and February 28, 2020 suggesting that SARS-CoV-2 may have been engineered.

    ” …the fact that we are discussing this shows how plausible it is,” Garry said of the lab-leak hypothesis.

    “We unfortunately can’t refute the lab leak hypothesis,” Andersen said on Feb. 20, several days after the authors published their pre-print.

  • Ukrainian naval drone hits Russian Ropuha-class landing ship Olenegorski Gornjak. The ship may not have sank, but was seen listing heavily, so is likely out of action for a while.
  • “George Soros-tied fund, Fortress buy bankrupt Vice Media for $350M.” Evil money after bad…(Hat tip: Sarah Hoyt at Instapundit.)
  • Sadly, I think Kurt is right on the money here: “Tim Scott Is Too Soft to Be Our Nominee.”

    The rap on Tim Scott is that he is too nice to be a modern Republican, but that’s wrong – he’s too weak to be a modern Republican. The man consistently defaults to submission to the woke left, but the times call for a warrior and his brand is soft surrender. Yeah, it would be nice to live in an era where we have the luxury of a president who dodged the draft in the culture wars, but we do not live in that time. Tim Scott needs to stay right where he is, an affable but unaccomplished senator firmly within the tradition of the political puffballs that South Carolina’s GOP inexplicably turns out. Let him be nice somewhere where his alleged niceness won’t shaft us again.

    It could have been different, but that would require a different man than Tim Scott. There are moments that define a candidate, moments where they have a choice and the choice they make makes or breaks them. Kamala Harris decided to take what is essentially a footnote within the Florida history standards and contort it into some sort of lie about how Ron DeSantis loves slavery. It’s one of those issues where the claim is so facially ludicrous that you have to wonder if Kamala is stupid or cynical – and come to the conclusion that she is probably both. But she went with it and DeSantis pushed back and we were moving on when someone in the regime media asked Tim Scott about it.

    This was his decision point. It was an opportunity to show who he is. And Tim Scott whiffed.

    Taking the wrong side in the social justice war is disqualifying. Scott has gone from being maybe my third favorite candidate in the field and a strong Veepstakes possibility to being behind Doug Bergrum and Vivek Ramaswamy.

  • “Oakland NAACP blasts progressive city leaders demands more action on rising crime.”

    Oakland residents are sick and tired of our intolerable public safety crisis that overwhelmingly impacts minority communities. Murders, shootings, violent armed robberies, home invasions, car break-ins, sideshows, and highway shootouts have become a pervasive fixture of life in Oakland. We call on all elected leaders to unite and declare a state of emergency and bring together massive resources to address our public safety crisis…

    Failed leadership, including the movement to defund the police, our District Attorney’s unwillingness to charge and prosecute people who murder and commit life threatening serious crimes, and the proliferation of anti-police rhetoric have created a heyday for Oakland criminals. If there are no consequences for committing crime in Oakland, crime will continue to soar.

    People are moving out of Oakland in droves. They are afraid to venture out of their homes to go to work, shop, or dine in Oakland and this is destroying economic activity. Businesses, small and large, struggle and close, tax revenues vanish, and we are creating the notorious doom-loop where life in our city continues to spiral downward. As economic pain increases, the conditions that help create crime and criminals are exacerbated by desperate people with no employment opportunities.

    We are in crisis and elected leaders must declare a state of emergency and bring resources together from the city, the county, and the state to end the crisis. We are 500 police officers short of the number that experts say Oakland needs. Our 911 system does not work. Residents now know that help will not come when danger confronts them. Worse, criminals know that too…

    There is nothing compassionate or progressive about allowing criminal behavior to fester and rob Oakland residents of their basic rights to public safety. It is not racist or unkind to want to be safe from crime. No one should live in fear in our city.

    (Hat tip: Instapundit.)

  • Oakland residents can look across the bay to see what happens to cities Social Justice Warriors control. “Every store on Market Street is closed.”
  • San Francisco hardware store lost $700,000 to organized shoplifting. (Hat Tip: Stephen Green at Instapundit.)
  • Speaking of blue city retail apocalypses: “Field Office, a Trophy Complex Unable to Find Tenants, Defaults on $73.8 Million Loan. Goldman Sachs and Lincoln Property stopped making payments.”

    The owners of Field Office, a 290,375-square-foot office complex near the Willamette River, have defaulted on their $73.8 million loan after being unable to find enough tenants, becoming the latest office owners to throw in the towel on Portland’s struggling office market.

    Field Office is owned by New York investment bank Goldman Sachs and Lincoln Property Co., a Dallas-based real estate firm with operations in Portland. The pair bought Field Office from local developer Project^ and National Real Estate Advisors, an investment firm based in Washington, D.C., for $118 million in April 2019, according to public records.

    Funny how letting antifa/#BlackLivesMatter rioters and crime run rampant through your downtown destroys property values. #ThisIsYourCityOnSocialJustice

  • Black Florida State University professor who published numerous studies on “systemic racism” is fired for just making shit up. (Hat tip: Dwight.)
  • You’re a Texas republican congressman who’s also an ER doctor and you try to assist a teenage girl having a medical emergency? That’s a handcuffing.
  • Want speak at our webiner? Professor: Sure. OK, here’s your bill for €80,000.
  • Food giant sued over discriminating against white men.

    A former employee of a large food service corporation is suing the company in federal court after it fired her for refusing to participate in a program that discriminates against white male employees.

    Courtney Rogers worked for Charlotte, North Carolina-based Compass Group USA Inc. from her home office in San Diego, California.

    The company had more than 280,000 employees and $20.1 billion in revenue in 2019, according to its LinkedIn profile.

  • “Back in 2018, NBA megastar LeBron James opened his I Promise School in Akron, Ohio with the noble goal of transforming the lives of at-risk students and parents in his hometown. But it appears that the school has some major challenges five years into its existence. According to a report from the Akron Beacon Journal, the I Promise School’s fall class of eighth graders has has not seen a single student pass the state’s math test in five years – since the group was in the third grade.”
  • “University of North Texas Announces Diversity, Equity, and Inclusion Office is “Dissolved.'” Good. But the people who staffed it also need to be laid off.
  • Kickstarter cracks down on AI.
  • “Family Torn Between Placing Grandpa In Hospice And Having Him Run For Senate.”
  • We should all be so happy:

    (Hat tip: Ace of Spades HQ.)

  • Democratic Presidential Clown Car Update for July 22, 2019

    Monday, July 22nd, 2019

    The second debate field is set, Bernie Bernies Bernie, Beto plunders staff from even less successful campaigns, and Andrew Yang plots his conquest of Area 51.

    It’s your Democratic Presidential Clown Car Update!

    Polls

  • CBS/YouGov (early states): Biden 25, Warren 20, Harris 16, Sanders 15, Buttigieg 6, O’Rourke 4, Castro 2, Klobuchar 1, Booker 1, Yang 1, Steyer 1, Gabbard 1, Hickenlooper 1, Bullock 1. This is the summary, but dig deeper if you want individual numbers on Iowa, New Hampshire, South Carolina, California, and Texas (a little far out for “early,” but its inclusion explains why O’Rourke gives the illusion of viability here)
  • Economist/YouGov (page 119): Biden 23, Warren 15, Sanders 13, Harris 10, Buttigieg 7, Booker 3, de Blasio 2, O’Rourke 2, Bullock 1, Castro 1, Gabbard 1, Klobuchar 1, Steyer 1, Yang 1.
  • Quinnipiac (California): Harris 23, Biden 21, Sanders 18, Warren 16, Buttigieg 3, Yang 2, Booker 1, Castro 1, Inslee 1. 519 voters polled. I think this is the first poll where Harris beats Biden in her home state.
  • Politico/Morning Consult: Biden 32, Sanders 19, Warren 14, Harris 13, Buttigieg 5, O’Rourke 3, Yang 2, Booker 2, Bennet 1, Bullock 1, Castro 1, Delaney 1, Gabbard 1, Gillibrand 1, Hickenlooper 1, Klobuchar 1, Ryan 1.
  • Saint Anselm College (New Hampshire): Biden 20.8, Harris 17.5, Warren 16.7, Buttigieg 11.5, Sanders 9.9, Yang 4.9, Klobuchar 2.7, Williamson 1.5, Booker 1.2, Gabbard 1, Gillibrand 0.7, Inslee 0.3, O’Rourke 0.0. Sample size of 351.
  • CNN/University of New Hampshire (New Hampshire): Biden 24, Warren 19, Sanders 19, Buttigieg 10, Harris 9, Booker 2, O’Rourke 2, Gabbard 1, Williamson 1, Yang 1, Delaney 1, Gillibrand 1, Bennet 1. Sample size of 386. One notable detail further in: Under “Candidate With Best Chance to Win General Election,” Biden has increased his lead from 32% in February to 45% now. How’s that “Woke Off” working out for you, Democrats?
  • Real Clear Politics
  • 538 polls
  • Election betting markets
  • Q2 Fundraising

    Finally got our gusher of FEC Q2 filings. Lots of new numbers this week:

    1. Pete Buttigieg: $24.8 million
    2. Joe Biden: $21.5 million
    3. Elizabeth Warren: $19.1 million
    4. Bernie Sanders: $18 million (plus $6 million transferred from “other accounts”)
    5. Kamala Harris: $12 million
    6. John Delaney: $8 million (includes $7.75 in campaign loans from Delaney himself; without those, he would be above only Messam and Gravel)
    7. Cory Booker: $4.5 million
    8. Beto O’Rourke: $3.6 million
    9. Jay Inslee: $3 million
    10. Amy Klobuchar: $2.9 million
    11. Andrew Yang: $2.8 million
    12. Michael Bennet: $2.8 million
    13. Kirsten Gillibrand: $2.8 million
    14. Julian Castro: $2.8 million
    15. Steve Bullock: $2 million
    16. Seth Moultson: $1.9 million
    17. John Hickenlooper: $1.2 million
    18. Bill de Blasio: $1.1 million.
    19. Tulsi Gabbard: $1.6 million.
    20. Marianne Williamson: $1.5 million.
    21. Tim Ryan: $895,000
    22. Mike Gravel: $209,000
    23. Wayne Messam: $50,000

    Steyer just jumped into the race, and Sestak’s campaign didn’t file his FEC organizing papers until July 1st, so no Q2 numbers for them.

    538 has a lot of analysis of the fundraising numbers, but not, alas, handy links straight to the actual Q2 reports for lazy efficient bloggers to use. Yang and Williamson have the highest burn rates in the field.

    For sake of comparison, President Donald Trump raised $105 million for his reelection campaign.

    Pundits, etc.

  • The line-ups for the second debate are set:
    • July 30: Sanders, Warren, Buttigieg, O’Rourke, Klobuchar, Hickenlooper, Williamson, Bullock, Delaney, Ryan.
    • July 31: Biden, Harris, Booker, Castro, Yang, Inslee, Gabbard, Gillibrand, de Blasio, Bennet. If I were of a conspiratorial mindset, I’d say that CNN, deep in the tank for Harris, wants to give Harris another shot at Biden.

    Not making the cut: Moulton, Gravel and Messam (all of who also missed the second debate) and late entries Steyer and Sestak. I’m guessing all those but Steyer will miss the third debate, too… (Hat tip: The Other McCain.)

  • Daniel Greenfield looks at Democratic fundraising details to see who the candidates actually represent:

    The 2020 race is all about touting the democracy of small donors with a 130,000 donor threshold for the third Democrat debate. But certain zip codes keep coming up for the top Democrat candidates. The 100XX zip codes of Manhattan, the 90XXX zip codes of Los Angeles, the 94XXX zip codes of San Francisco, the 98XXX zip codes of Seattle, the 20XXX zip codes of D.C. and the 02XXX zip codes of Boston.

    These are the core zip codes of the Democrat donor base. They are the pattern that recur in the campaign contributions lists of the top Democrats. And they explain the politics of the 2020 race.

    Providing free health care for illegal aliens at taxpayer expense may not be very popular nationwide, but is commonplace in New York, Los Angeles, San Francisco, Seattle and Boston. Gun control is a loser nationwide, but a sure thing in the big blue cities. Even proposals to take away private health plans, allow rapists and terrorists to vote from prison, and open the border pick up more support there.

    The 2020 Democrats aren’t speaking to Americans as a whole. Instead they’re addressing wealthy donors from 6 major cities, and some of their satellite areas, whose money they need to be able to buy teams, ads and consultants to help them win in places like New Hampshire and Iowa.

    New York, San Francisco and Los Angeles show up in the top 5 donor cities for most of the top 2020 candidates, including Bernie Sanders, Elizabeth Warren, Kamala Harris, Cory Booker and Pete Buttigieg. Boston shows up in the top 10, not only for Bernie and Warren, but for Kamala and Buttigieg. Seattle appears in the top 10 for Bernie, Warren, and Buttigieg. Washington D.C. features in the top 10 for Bernie, Booker, Warren, Kamala, and Buttigieg. And the rest of America doesn’t really matter.

    Not if you’re a Democrat.

    The democracy of small donors is illusory not only by zip code, but by industry. Google isn’t the largest company in America, but, according to the Center for Responsive Politics, its employees show up on the top company contributor lists for Kamala, Sanders, Buttigieg, and, Warren. Despite Warren’s supposed threat to break up big dot coms and Sanders’ talk of going after big companies, Google employees were the top backers of both candidates.

    What do they know that we don’t?

    Alphabet, Google’s parent company, does employ a lot people, but its number of employees is a fraction of those employed by Home Depot, Kroger or Wal-Mart. What Google does have is an enormous concentration of wealth and power through its monopolistic control over search advertising. That power also gives its radical employees a disproportionate ability to shape the 2020 Democrat field.

    Despite Warren’s supposed threats to break up big tech, their employees are some of her biggest backers. Besides Google, Microsoft, Apple and Yelp employees are some of her major backers.

    Again, what do the millionaire employees of big tech know about Warren’s plans that we don’t?

    Microsoft employees show up on the donor leaderboards for Bernie, Kamala, Warren, and, Buttigieg. Amazon employees are a major donor group for Bernie and Buttigieg. Pinterest, which recently made headlines for the dot com’s aggressive censorship of pro-life views, appears on Buttigieg’s donor board. Apple employees are some of the major donors to Bernie, Warren, and Kamala.

    There’s no question that big tech cash is helping shape the 2020 Democrat field.

    (Hat tip: Ace of Spades HQ.)

  • How the various candidate are set in Iowa and New Hampshire.

    Mr. Biden starts from behind organizationally. He entered the race at the end of April and began with a lighter public schedule than many of his opponents, allowing other earlier-launching campaigns to lock down experienced talent and build more visible volunteer operations first.

    In Iowa especially, the impatience with his efforts among some activists was palpable this month following Mr. Biden’s shaky debut in the first presidential debate.

    Snip.

    There is a “persistence picnic” slated for Toledo, Iowa, and a “policy potluck” in Cresco. There is a “pints-and-policy” house party scheduled in Des Moines, an evening of acrylic painting in Sioux City and a trivia night in Burlington.

    And that’s just a snapshot of the Warren team’s plans for Iowa on Thursday.

    “Her people are everywhere,” said Mr. Marquardt, the Madison County official, relaying a story he heard about a Warren campaign representative seeking to recruit supporters in a yoga class. He described her organizers as trying to embed themselves in communities across Iowa, rather than relying exclusively on traditional tactics like phone banking.

    In New Hampshire, said Judy Reardon, a veteran Democratic strategist, “They had a robust field staff early on and the field staff has been able to establish themselves in their areas.”

    The Warren campaign declined to divulge the exact number of staff members it has in Iowa and New Hampshire, except to say that there are more than 300 people, with 60 percent of those hires based in the first four states, but as of May she had around 50 staffers on the ground in Iowa.

    Snip.

    “Cory Booker’s campaign has been amazing in New Hampshire,” said [State Representative Kris] Schultz, who, like many voters in that state, is still considering a long list of candidates. “They have the A-team for sure.’’

    The challenge for Mr. Booker: Despite all of the retail politicking efforts — including 35 events in Iowa and more than 40 appearances in New Hampshire, his campaign said on Thursday — he is routinely mired in the polls at this early stage.

    Still, his team has been building for months on the ground, hoping to be well positioned to capitalize on any burst of momentum. He has about 30 staff members in New Hampshire, where his campaign has been engaging with voters since April; in Iowa, he has nearly 50 full-time employees along with more than 80 of his family members who live in the Des Moines area.

    Snip.

    Mr. Buttigieg and Ms. Harris were slower to expand their teams in Iowa and New Hampshire than rivals like Ms. Warren and Mr. Booker.

    But activists say they are seeing increased activity from both of them.

    Ms. Harris is planning a five-day bus tour through Iowa for next month, where she has more than 65 staff members, her campaign said. In New Hampshire, they have 30.

    “They’re in the process of building up the ground organization here with all the fund-raising she’s had since the debate,” Ms. Sullivan, the former party chair, said.

    In April, Mr. Buttigieg had one employee in New Hampshire, and on May 1, he had four in Iowa. He now has 39 people on staff in New Hampshire. In Iowa, he has more than 50 full-time staff members, as well as 27 paid interns.

    Snip.

    The Sanders campaign does not take the typical route of prioritizing engagement with local party leaders.

    But while other candidates ruffle feathers if they are perceived as ignoring in-state gatekeepers, many activists are now reluctant to question Mr. Sanders’s method after he delivered a stronger-than-expected showing in 2016.

    “Four years ago, he didn’t seem to have much on the ground, much going on,” said Jan Bauer, the former Democratic chair of Story County, Iowa, and a longtime party activist. She is supporting Governor Steve Bullock of Montana, but has heard from several other campaigns.

    “But come caucus night, everyone discovered there was a lot going on here that was underground.”

    Mr. Sanders began his campaign holding big rallies that doubled as opportunities to sign up supporters, and his aides view events as a chance to recruit volunteers and sign them up for the campaign app.

    For example, Mr. Sanders did a multi-parade swing through Iowa on the Fourth of July, with his campaign giving out stickers and seeking to engage voters along the way (not everyone was receptive; one father insisted his daughter remove her Sanders sticker).

    In New Hampshire, which Mr. Sanders won by around 22 percentage points in 2016, he has a core of die-hard supporters that helps ensure an on-the-ground presence, despite slipping in the polls recently.

    “Bernie obviously has the lion’s share of his activists and volunteers with him from just four years ago,” said New Hampshire’s Democratic Party Chairman, Raymond Buckley. “It makes it pretty easy to build a solid foundation from.”

    His campaign did not respond to requests for information on how many employees it has in the early states, but it announced earlier this month that it had 45 staff members in New Hampshire.

  • CBS has a mock early delegate tracker based on polls in early states (again including Texas): Projected delegates are Biden 581, Warren 430, Sanders 249, Harris 173, O’Rourke 48 (all from Texas), and Klobuchar 13 (all from Minnesota).
  • Enjoy this quadrennial staple, “the race isn’t over yet” piece:

    I’m far from convinced that those are the five most likely to win, or that only five have a reasonable chance. I’m not sure that “usually” applies to this cycle, mainly because of the mix of candidates. Each of the leaders has significant vulnerabilities – and some of the contenders who haven’t fired in the polls yet have assets that could yet matter.

    Biden? I still think he’s a weaker version of Walter Mondale in 1984. Mondale won the nomination, of course, but it wasn’t easy. If Biden is somewhat weaker, he might not be able to withstand a serious rally from another candidate.

    Warren? For a candidate who has been doing well lately, the lack of endorsements both in Massachusetts and elsewhere – she hasn’t added a significant new one since May 12 – may suggest a real problem. Yes, President Donald Trump won despite outright opposition from most party actors, but support from the party has been important for a long time and it may still prove critical.

    Harris? She’s a solid possibility. But her post-debate bounce flattened out, leaving her fourth in the national polls. She’s also right on the edge of holding conventional qualifications for the job. Sure, Barack Obama won after four years in the Senate and Harris has more impressive pre-Senate experience, but not everyone turns out to be Barack Obama.

    Sanders? He’s still a factional candidate, and factional candidates rarely win nominations. It’s been true from early in the cycle that his polling numbers, adjusted for high name recognition, aren’t very impressive, and he’s lagging in endorsements.

    And then there’s Mayor Pete, who doesn’t have conventional qualifications and, despite a very impressive fundraising quarter, hasn’t really broken out in the polls or picked up impressive endorsements.

    99% of endorsements are meaningless, but the rest of the piece isn’t necessarily wrong.

  • Governors tank in election about Trump.” “Bullock, the Montana governor, got shut out of the first debate. Inslee, the Washington governor, hasn’t cracked 2 percent in a national poll. Colorado’s Hickenlooper has hit even harder times — his senior staffers urged him to drop out of the race last month.” Politco suggests that this is because Trump has sucked all of the oxygen out of the room and the congresscritters running get more media exposure by attacking Trump. I think Trump has less to do with it than the fact that all features variously high quantities of suckitude. If attacking Trump were the golden ticket, Swalwell would be at the top of the polls rather than dropped out…
  • Most likeable of the Democratic candidates? Would you believe Sanders? No, but that’s what Democrats told Gallup, at 72%. Biden came in second at 69%. As usual, de Blasio had the highest unfavorability rating, at 30%.
  • Now on to the clown car itself:

  • Losing Georgia gubernatorial candidate Stacey Abrams: Maybe? She’s at that NAACP meeting this week, along several declared presidential candidates, Rashida Tlaib, Nancy Pelosi, and Shaun “Talcum X” King.
  • Colorado Senator Michael Bennet: In. Twitter. Facebook. Gets an absolutely nothing book review in the New York Times. It’s a seven paragraph version of a competent but very dull college freshman’s five paragraph essay. He’s on a Slate podcast. Heh: “Michael Bennet Quietly Asks Aide If Polling At N/A Is Good Or Bad.”
  • Former Vice President Joe Biden: In. Twitter. Facebook. Jim Geraghty wonders if Biden is different enough from Hillary:

    Think about all of the factors that contributed to Hillary Clinton’s defeat in 2016. She was a figure who had been around a long time, among the best-known names in the party establishment. As a senator, she worked closely with her home state’s financial industry, leaving some liberal grassroots concluding she was a corporatist who was far too comfortable with big business. Critics asked how someone who had spent the past few decades in the public sector could so quickly become a multimillionaire, and contended that her family foundation had engaged in shady deals with foreign governments and foreign businesses. Some people couldn’t believe she wanted to charge University of Missouri at Kansas City a whopping $275,000 to give a speech at a luncheon.

    More progressive figures challenged her in the primary, and activists on the Left hit her hard for her punitive stances on crime in the 1990s, including describing young gang members as “super-predators.” She attempted to shore up her support among African Americans by emphasizing her close work with Barack Obama.

    “Joe Biden says ‘radicalization’ of young Democrats a myth: ‘This is not a generation of socialists.” I think he’s right in general. As for those voting in the 2020 Democratic primary, it’s a more open question. “How Joe Biden won friends in Hollywood by helping studios get their movies into China.” Nothing says “salt of the earth” quite like palling around with Communist Chinese bigwigs to increase the profits of Hollywood studio heads. “2020 Democrats Are Starting to Turn Obama’s Legacy Against Biden.”

  • New Jersey Senator Cory Booker: In. Twitter. Facebook. He’s at the San Diego Comic Con for some damn reason. Booker said he’d meet with Louis Farrakhan, then said he wouldn’t and he was “misquoted.” He visited New Hampshire. “Noticeably absent from his campaign has been a breakout moment. The 50-year-old former Rhodes Scholar is among the score of presidential contenders polling in low-single digits both nationally and in New Hampshire.”
  • Montana Governor Steve Bullock: In. Twitter. Facebook. Bullock is the only new face on the debate stage, replacing the dropped-out Swalwell. In a contrast to other Democrats, Bullock says that he would not offer free health care for illegal aliens. One wonders why it took him so long after the first debates to formulate this policy position.
  • South Bend, Indiana Mayor Pete Buttigieg: In. Twitter. Facebook. “At least 40 top fundraisers to Obama’s 2012 reelection effort donated to Buttigieg’s campaign during the three-month period, helping to catapult the once little-known mayor to the top financial tier.” He blathered about white supremacy and hate groups. New Republic deletes Buttigieg gay sex piece mentioned last week. Cumulus radio deep sixes Buttigieg interview with Country radio host Blair Garner, supposedly over equal time concerns. (There’s a Soundcloud of the interview at the link.) He hired a former Goldman Sachs executive as national policy director. “Sonal Shah, now executive director of the Beeck Center for Social Impact and Innovation at Georgetown University, will be the campaign’s national policy director.” She was also director “Office of Social Innovation and Civic Participation,” which seemed to focus on makework government jobs programs and letting liberals make boatloads of money as long as they mouthed the usual lefty pieties. Gets a fundraiser hosted by Netflix CEO Reed Hastings.
  • Former San Antonio Mayor and Obama HUD Secretary Julian Castro: In. Twitter. Facebook. He called for Puerto Rico Governor Ricardo Rossello to resign, though the reason cited was ‘massive protests” rather than “massive fraud.” The Hill contends that Castro is “carving a niche” for himself with a focus on immigration. Whistling past the graveyard. “In Iowa, Castro won 1 percent in a recent poll from USA Today and Suffolk University, behind nine other candidates, including former Rep. John Delaney (D-Md.).” Gets a similar Washington Post puff piece from David Weigel.

    The surge, if that’s the word for it, has not put Castro anywhere near the front of the pack. Polling, which can be a lagging indicator of candidate strength, has not shown much growth. A Quinnipiac poll of California, conducted after the debates, found Castro winning just 2 percent of Latino voters. He substantially lags the poll leaders in fundraising and has 12 staff members working in Iowa, where other campaigns have dozens of people on the ground. Escaping the back of the Democratic pack is one thing; how does an escapee, like Castro, elbow into the first tier? No candidate who has polled in the single digits six months before the first caucuses has gone on to be the nominee.

    In Iowa, any answer starts with voters who aren’t comfortable with former vice president Joe Biden or Sen. Bernie Sanders (I-Vt.) — for age reasons, mostly — and want a candidate who’d offer a night-and-day contrast with Trump. The people who showed up for Castro’s eastern Iowa swing often said they wanted a “fresh” candidate, that they had not heard much about Castro until the debates, and that they felt good hearing a candidate talk about taking in more refugees and immigrants. On Sunday night, after Castro spent an hour at a forum organized by the pro-immigration group Iowa WINS, some voters reminisced about how their state, under a Republican governor, took in thousands of refugees from the Vietnam War.

    Snip.

    Castro’s campaign has not, so far, stirred Latino organizations or endorsers, who want Trump gone but worry about allowing the president to run a nativist campaign on immigration. Cecilia Muñoz, who led President Barack Obama’s domestic policy council while Castro led the Department of Housing and Urban Development, told The Washington Post last week that Castro’s proposal to lower the criminal penalty for illegal border-crossing largely helps Trump.

    It’s an awful lot of hemming and hawing. Castro’s entire post-debate bump was going from 1% to maybe 2% on a good day.

  • New York City Mayor Bill de Blasio: In. Twitter. Facebook. “Why Bill de Blasio is New York’s worst mayor in modern history.”

    You stayed away for last week’s blackout to remain in Iowa for your ridiculous presidential campaign. You didn’t show up for the Puerto Rican Day Parade or veterans’ D-Day ceremonies. In May, you blew off a memorial event for victims of toxic exposure to Ground Zero — and blamed your staff. You skipped a murdered cop’s vigil in 2017 so as not to interrupt your junket to Germany.

    You should learn from your City Hall predecessors. Some were great mayors, others lame. But they all knew the right public gestures to make when the chips were down, even though they might have needed to take a deep breath first.

    It takes quite a bit of effort to come out on the losing end of comparisons with Abe Beame and John Lindsay, “O’Rourke and de Blasio spar over ‘Medicare for All.'” Talk about midget wrestling…

  • Former Maryland Representative John Delaney: In. Twitter. Facebook. “Delaney’s staffers have asked him to not dropping out. He took a swipe at Biden for not having any “new ideas.”

  • Hawaii Representative Tulsi Gabbard: In. Twitter. Facebook. Gabbard too called for Puerto Rico Governor Ricardo Rossello to resign and joined protests there. She raised negative $20 for her House campaign. “The absence of any fundraising or spending on her House race has left political observers with the impression that Gabbard may not return to Congress at all if her White House bid falls short.”
  • New York Senator Kirsten Gillibrand: In. Twitter. Facebook. AP story on Gillibrand and her fellow 1%ers (Booker, O’Rourke, Inslee, Ryan) working to revive their moribund campaigns. I’m beginning to think it’s less a campaign at this point than an excuse to indulge in alcohol abuse…
  • Former Alaska Senator Mike Gravel: Still In? Twitter. Facebook. Didn’t make the second debate field. Why he launched a no hope campaign. His Twitter timeline is taking shots at Delaney to drop out and suggesting people donate to Williamson. Hasn’t officially announced he’s dropping out, so he gets an entry for another week…
  • California Senator Kamala Harris: In. Twitter. Facebook. Does Harris need a win before California to stay viable? She’s second or third in Iowa, New Hampshire and South Carolina, but first in none of those states:

    One problem with an approach like Harris’s of building a consensus path to victory is that the candidate isn’t necessarily the first choice of any one group of voters. And this can be a problem in states in which the demographics are idiosyncratic, as they are in all four early-voting states.

    The electorates in Iowa and New Hampshire, for example, are probably a bit more liberal than Harris would like, helping candidates such as Bernie Sanders and Elizabeth Warren instead. And while South Carolina’s large black population could help Harris, it still looks like Joe Biden’s state to lose, provided he does well enough among African Americans while cleaning up among relatively conservative white Democrats who are also plentiful in the electorate there. Nevada? Well, I don’t know, Nevada is weird. (I love you, Nevada.) You probably want a candidate who does well among Hispanics, who has a good organization and who has the backing of organized labor. That could be Harris, but unions are mostly taking their time to make any endorsements.

    It’s true that finishing first doesn’t actually matter in terms of the Democrats’ delegate math. Unlike in the Republican primary, there are no winner-take-all states; instead, delegates are divided proportionately among candidates who receive at least 15 percent of the vote in a given state or congressional district. And Harris was at 15 percent or higher in several of the early-state polls I mentioned above, even though she didn’t lead in any of them.

    Winning can matter, though, in terms of momentum, which mostly takes the form of favorable media coverage. Although the post-Iowa bounce has faded in recent years — just ask Ted Cruz how much good winning Iowa did him in New Hampshire — a candidate who came from behind to win an early state or who is otherwise seen as expectations-defying could still get a pretty big boost. And if voters are still choosing among several candidates — say, Harris and Warren — they might jump on the bandwagon of whoever has performed well in these early states. No candidate since Bill Clinton in 1992 has won a nomination while losing both Iowa and New Hampshire.

    (Hat tip: Ann Althouse.) “Hey, do you think you could have, like, policy proposals?” Harris: “Nah.” “Social Media Censors Angel Mom For Asking Kamala One Question About Illegal Immigration.” Blah blah blah Taylor Swift blah blah Harris fundraiser blah blah music manager Scotter Braun blah blah blah some damn feud.

  • Former Colorado Governor John Hickenlooper: In. Twitter. Facebook. “Hickenlooper plows onward despite staff shakeup and fundraising issues.”

    Just two weeks after a major staff exodus from John Hickenlooper’s campaign — six key aides abruptly headed for the door on the heels of a debate performance where the former Colorado governor failed to dazzle — the former governor, despite fundraising and donor-number issues, is plowing straight ahead.

    Among those who left — his campaign manager, communications director, digital director, New Hampshire political director, national finance director and his deputy finance director — sources told ABC News aides sat Hickenlooper down after the Democratic National Committee announced requirements for the September debate to discuss with him other options.

    But, sources told ABC News, Hickenlooper was undeterred, adding staffers who’d stay the course.

    Man, how about that Democratic staffer loyalty? Of course, they’re not wrong…

  • Washington Governor Jay Inslee: In. Twitter. Facebook. Ha: “‘The View’ co-host awkwardly confuses John Hickenlooper with Jay Inslee during interview.” Honestly, I’m not entirely unsympathetic, but fake Republican Ana Navarro just isn’t too bright.

  • Minnesota Senator Amy Klobuchar: In. Twitter. Facebook. “Klobuchar in N.H.: To Beat Trump, Dems Need Positive Message and Some Humor.” She’s not wrong, but there’s precious little evidence she’s the one to provide it. Most of her money comes from Minnesota.
  • Miramar, Florida Mayor Wayne Messam: In. Twitter. Facebook. He appeared on radio show The Breakfast Club. And that’s your morsel of Messam news for the week.
  • Massachusetts Representative Seth Moulton: In. Twitter. Facebook. “Iowa Caucus First Impressions: Seth Moulton’s ideas are stronger than his campaign.” That’s a pretty low bar. Moulton couches it in Dem-acceptable language, but he’s right when he says that Trump Derangement Syndrome isn’t a winning platform:

    Moulton is polling at the back of the pack seeking the Democratic nomination for president, and he didn’t make it on the stage for the first primary debate last month. But from his perspective, his party is overestimating its chances at beating Trump in 2020, Moulton said Thursday in a wide-ranging interview with POLITICO reporters and editors.

    The Democratic front-runners are too focused on convincing Americans of Trump’s failings, Moulton said, and are not presenting a vision of the country that can win over people who supported the president in 2016.

    “I think a lot of Democrats think, ‘You know, these Trump voters, what we need to do is we just need to educate them, and we’re going to get it through their heads that this guy is a bad guy,’” Moulton said. “OK, Trump voters are not idiots. We don’t need to give America a moral education; they know that he’s an asshole. They get it. They’ve just baked that in.”

    “When we’re trying to win over Trump voters in the general election, we can’t go on this moral crusade because people are like, ‘Give me a break,’” he said. “What they’re really saying is, ‘I get it, I get this guy is immoral. I’m voting for him anyway because you don’t give me a better alternative.’”

    There’s a real arrogance among a lot of Democrats in thinking that all these people are stupid policy-wise and stupid moral-wise,” he said in an interview conducted as part of a recurring POLITICO series with 2020 candidates.

    The three-term Massachusetts congressman argued that he had a vision to take on Trump “in a way that doesn’t alienate his voters.” Moulton — who perhaps is best-known for helping lead a failed rebellion against House Speaker Nancy Pelosi last year — was deeply critical of the leftward drift of the party on everything from health care to immigration.

    “We have to have a pro-jobs, pro-growth kind of agenda, and not just a redistributive agenda,” he said.

    Substitute “flawed” for “immoral” and there’s very little about his analysis to disagree with.

  • Former Texas Representative and failed Senatorial candidate Robert Francis “Beto” O’Rourke: In. Twitter. Facebook. Beto has no base:

    O’Rourke is probably competing for young voters more than for older ones, for white voters more than nonwhite ones, and for moderate voters more than for very liberal ones. (His voting record in Congress was fairly moderate, although the policy positions he’s staking out now are more of a mixed bag.) There are plenty of young voters, white voters and moderate voters in the Democratic electorate. But there aren’t that many who are young and white and moderate.

    According to the Cooperative Congressional Election Study, 63 percent of voters in the 2016 Democratic primaries were white, 51 percent identified themselves as moderate or conservative, and 56 percent were born in 1965 or afterward, per the Pew Research Center. Multiply those numbers together, and you’d expect:

    63% * 51% * 56% = ~18%

    …about 18 percent of Democrats to be all three things at once. That’s enough to form a real base when you’re competing for a party nomination, especially when Democratic rules require you to win at least 15 percent of voters in a state or congressional district to secure convention delegates.

    But when you actually look at individual-level voter data, you find something different: Only 12 percent of Democratic primary voters are young and white and moderate. That’s far fewer voters to go around, especially when you’re also competing with, say, Pete Buttigieg for the same voters.

    I bet O’Rourke thinks of Hispanics as part of his base, but so far there’s precious little evidence the feelings are mutual. He didn’t let a weak fundraising quarter keep him from hiring more senior staffers:

    Nick Rathod, a Democratic operative who served as President Barack Obama’s liaison to state officials, has been hired as a senior national political adviser, a campaign spokesperson confirmed to POLITICO on Friday.

    Adnan Mohamed, who was deputy national political director for Rep. Seth Moulton’s presidential campaign, has been named national political director. Anna Korman, who worked with O’Rourke’s campaign manager, Jen O’Malley Dillon, at Precision Strategies, will be O’Rourke’s national data director. And Morgan Hill, who was research director on Richard Cordray’s gubernatorial campaign in Ohio last year, will be national research director.

    Lauren Hitt, who previously was communications director for former Colorado Gov. John Hickenlooper’s presidential campaign, has been hired as O’Rourke’s national director of rapid response.

    Hitt’s departure from Hickenlooper’s campaign follows the earlier defection of Hickenlooper’s former national finance director, Dan Sorenson, who also went to O’Rourke’s campaign.

    I can understand wanting to leave Hickenlooper’s campaign; jumping to O’Rourke’s doesn’t seem like much of an improvement. By the same token, the Hickenlooper campaign showed no sign of being such a well-oiled machine it deserved poaching. (Also, it’s amusing to go back through Hitt and Sorenson‘s Twitter timelines to see when they went from forwarding Hickenlooper posts to forwarding O’Rourke posts.) Finally, it seems like I’ve done more of this “senior staff hires” pieces on O’Rourke than any of the other candidates, and I wonder if his staff is top-heavy. Team O’Rourke says they have a plan for a comeback:

    O’Rourke is still drawing relatively large crowds in Iowa — some 125 at Sioux City and another 100-plus in Sioux Center this weekend — and his campaign just opened 11 new field offices in the state, where he’s well on his way to visiting all 99 counties.

    “Obviously we are going to need more resources for the national effort, but Iowa is a top priority for this campaign,” Norm Sterzenbach, the O’Rourke campaign Iowa director, said.

    The campaign also hopes to make a major play for delegate-rich Texas, which votes early in the primary process next year. The state hasn’t been polled in over a month, but O’Rourke was in second place behind former Vice President Joe Biden in early June.

    Eh. Minus Texas, “all in on Iowa” is every other longshot’s “plan,” and for most it’s like a losing-streak horse bettor counting on the last race’s trifecta to pull him out of a hole before the loan shark breaks his kneecaps.

  • Ohio Representative Tim Ryan: In. Twitter. Facebook. “‘Mindful’ presidential candidate Tim Ryan gets the wellness vote.”

    Ohio Rep. Tim Ryan wants to be the presidential candidate who can appeal to “yoga moms” and blue-collar workers — and judging by his second-quarter fund-raising, he has a smattering of support from both.

    Mr. Ryan’s $890,000 haul positions him second-to-last among the 20 candidates who qualified for the first round of Democratic debates, leaving him little in the way of resources to sustain him in the race against a top tier of candidates who each raised over $10 million in the last three months.

    Mr. Ryan raised more than former Maryland Rep. John Delaney ($300,000) but less than New York City Mayor Bill de Blasio ($1.1 million). He also raised less than spiritual author Marianne Williamson ($1.5 million), perhaps his closest competitor in the wellness space.

    Still, those who did contribute to the northeast Ohioan’s presidential campaign demonstrate the cross section of supporters making up his base.

    Among his most notable donors is New Age guru Deepak Chopra, who gave Mr. Ryan’s campaign $1,000. Mr. Chopra is listed on Mr. Ryan’s campaign finance report as an author at the Chopra Center in California, which didn’t respond to a request for comment. Another person associated with Mr. Chopra’s wellness empire gave $800.

    If you’re competing with Marianne Williamson for the Deepak Chopra vote, you’ve already lost.

  • Vermont Socialist Senator Bernie Sanders: In. Twitter. Facebook. There are few servings of schadenfreude quite so savory as Sanders suffering union troubles:

    The Vermont socialist senator made history by agreeing that his paid 2020 presidential campaign workers would be repped by a union, United Food and Commercial Workers Local 400, with all earning $15 an hour. But now the union complains some employees are getting less.

    Worse, someone leaked the whole dispute to the Washington Post.

    Worse yet, Sanders’ response could be a violation of US labor law, all on its own.

    The union’s gripe centers on the fact that field organizers, the lowest-level workers, often put in 60 hours a week but get paid only for 40, since they’re on a flat salary. That drops their average minimum pay to less than $13 an hour.

    “Many field staffers are barely managing to survive financially, which is severely impacting our team’s productivity and morale,” the union said in a draft letter to campaign manager Faiz Shakir. “Some field organizers have already left the campaign as a result.”

    Ouch. So Sanders is down to march with McDonald’s employees demanding higher pay, and happy to slam Walmart execs for paying “starvation wages” — but the folks working for him are feeling “berned.”

    If you pay the Danegeld, you never get rid of the Dane. Sanders might be losing his New Hampshire firewall:

    In 2016, no state was better for Sanders than New Hampshire. The independent senator won the first-in-the-nation primary with 60 percent of the vote. The 22-point win over Hillary Clinton — who had a decades-long relationship with New Hampshire — was the biggest victory margin in that state for a competitive Democratic primary in over a half century.

    In the years since, Sanders returned to the state often. He maintained a strong volunteer team and a local steering committee that met regularly. His son even ran for Congress in the state last year.

    But now, with a little more than six months to go until the 2020 New Hampshire primary, Sanders can no longer take the state for granted. He has gone from being the unquestioned front-runner to second place — and sliding.

    Snip.

    “His campaign supporters felt they had New Hampshire in the bag and they could run this national campaign and dare others to catch up, but here they are in the summer and they are suddenly tumbling in what should be their best early state,” said Wayne Lesperance, a political science professor at New England College in Henniker, N.H. “And if he doesn’t win here, where can he actually go after that?”

    “MSNBC legal analyst Mimi Rocah said that 2020 presidential hopeful Bernie Sanders ‘makes my skin crawl‘ and that he’s not a “pro-woman candidate” on the network Sunday morning.” Caveat: She’s in the tank for Warren.

  • Former Pennsylvania Congressman Joe Sestak: In. Twitter. Facebook. Gets an interview in Merion West, which describes itself as “a journal of the hard center.” Asked to name the greatest threat to American national security, he said:

    China. For four reasons. The first is because of climate change. If we shut down all Western oil companies today, that’s only ten percent of all natural gas and oil that’s being produced for fossil fuel in the entire world. So much of is by China and Russia, and China, in particular, has 1,600 coal burning facilities it is building globally in the next decade. Number one, it’s because of climate change—that is the biggest. And I tell people, by the way, just a side note—I have said climate change is a great and catastrophic threat, but we can only be 15% in reduction in greenhouse emissions, even if we zero us out. The 85% is over there, and China is the biggest polluter of them all.

    And the second greatest threat is China; the second reason is through its Belt and Road initiative. Or predatory loans—it is actually enslaving nations through these loans. Djibouti had to give China a port for its Navy. Right there, a first base in Africa [for China]. Greece had to give up its political voice and block the European Union’s unanimity needed to stop a condemnation of the terrible human rights record for the Muslim Uighur citizens of China. And so Xi is a new illiberal world order where might makes right, and the Prime Minister of Malaysia said it’s a new colonial power. And in this Belt and Road initiative, it is exporting its old coal mines and factories and building them there with Chinese labor. It is a very illiberal and unjust world order. That’s why, John, our retreat from the world today, from home, thinking somehow we can become great again behind walls so dangerous to the American dream—we are hurting what we could be in the world.

    The third reason is our national corporations have exported, outsourced not just jobs, but our national security to China. By having their technical supply chains, the high tech products being in China—75% of all mobile phones are constructed there, and 90% of all computers are there—you might’ve seen that the Mac Pro of Apple was just shut down a few weeks ago, and it’s being outsourced over there. What happens, as you may know, if you have an Android phone, everything you say, all the data on it is surreptitiously sent back to China. Because it’s with Chinese software. Motherboards that go into servers for Apple and Amazon, the Navy cruisers and CIA drones, were embedded with microchips being sent here. So we have our national corporations outsourcing to China. So that’s the third reason—we have a national security threat, through their ability to begin to identify, follow, and know everything for commercial and intelligence purposes.

    But the greatest, the number four threat, within the cyberspace world is the 5G network. Because of the Belt and Road initiative, we must find out about the digital Silk Road. And each of these countries are now enslaved, so to speak, by the Belt and Road initiative to also have this 5G network that China is leading the world on. With Huawei and other companies. Whoever builds it, owns it—it will revolutionize economies and warfare. Because no longer do you need to hack—what China does now, with $300 billion per year—everything that will go through, a piece of equipment that they build, and we don’t build it—after we sold Lucent, only three companies in the world build it. They have eyes on everything. So if you put a virtual business meeting on there, with trade secrets, they’ll just listen in. They don’t have to hack, it just goes right through this piece of gear. Number two is they’re able to, without having to hack, through the same pipeline take down critical infrastructure during high speed tensions. So that is why, we must understand that China, it is now one world. We’re damaged by climate change, and it will come no matter what we do by ourselves here. Number two, changes to our way of life by China will happen no matter what we do alone. And third, damage to us by corporations outsourcing our national security to China will happen no matter what we do by ourselves. So we must convene the world once again. Go back to those institutions, like the World Trade Organization, the detective organizations that set the rules for technology. And convene the world to make sure that together, we ensure, like we did in the Cold War, like in making sure that extreme poverty—went from in 1945 with 80% of the world’s population to 8% today—we can confront and mitigate and eventually end the damage to us from what they’re doing. By forcing them, by everyone being united to follow the rules of the road. Of justice.

  • Billionaire Tom Steyer: In. Twitter. Facebook. Gets a New York Times interview:

    If Mr. Trump ran as the billionaire of the people, appealing to working-class Republicans and swing voters, Mr. Steyer is a very California billionaire: a denim shirt, a tan, and a hip activist wife.

    And since he announced his run, his wealth has been the story, as he jockeys to be seen as a radical for change.

    “Should we put a limit on what Beyoncé makes?” he asked a reporter for the Guardian.

    Billionaire doesn’t appear to be a great brand among a Democratic base calling for single-payer health care. Former New York City mayor Mike Bloomberg decided not to run when he figured that out, and the campaign for Howard Schultz, chief executive of Starbucks, fizzled.

    Onstage, Mr. Steyer, a soft-spoken man with sandy blond hair, fielded questions.

    “Why? Why have you decided to run for president, Tom,” the moderator and venue owner Manny Yekutiel, 29, asked, kicking the evening off.

    Mr. Steyer said he believes he is the only person willing to fight Mr. Trump.

    “I am more than willing to take this fight on if no one else will,” Mr. Steyer said. “And I don’t see anyone else who sees it’s a very simple fight. It’s hard. But it’s not complicated.”

    Oh yes, there’s a rare commodity among Democrats: being “willing to fight Trump.” It’s a like a NASCAR competitor saying he’s the only one that wants to drive really fast. “Tom Steyer is the poster child for liberal hypocrisy.”

    Steyer’s alleged goal is to be the “outsider” in the race, ready to “break the corrupt stranglehold that corporations have on our government” and “return power to the American people.” The enemy, Steyer claims, is “corrupt corporate power,” with a bit of climate change sprinkled in. The liberal mega-donor has long fancied himself as an environmental activist, donating more than $100 million to Democratic candidates who agree with him on the issue.

    Yet, even a cursory glance at Steyer’s background exposes a Democrat more corporate than community organizer. In 1986, Steyer founded Farallon Capital Management, which has grown into one of America’s largest hedge funds. As of last year, Farallon managed over $25 billion worth of assets: roughly the equivalent of Iceland’s entire economic output. Steyer’s net worth is pegged at $1.6 billion.

    I guess “corporate power” is only corrupting when it’s the other guy.

    Dig deeper, and the stench of hypocrisy only grows. Beginning in the 1980s, Steyer made his name (and much of his money) investing in coal, natural gas, and oil.

    “Big donor Steyer’s presidential run could deny millions to other Democratic races.” Much like all that money sucked up by O’Rourke’s senate run.

  • Massachusetts Senator Elizabeth Warren: In. Twitter. Facebook. The competition between Warren and Harris:

    As they rise to the top of 2020 Democratic presidential field, Harris and Warren are increasingly in direct competition for many of the same voters and donors, according to polls and fundraising data, with each drawing support from the party’s more affluent, college-educated wing — particularly women.

    The overlap between their supporters might be a surprise, especially for Warren, who is usually portrayed as being in direct competition with fellow liberal stalwart Bernie Sanders. But Warren’s strongest support so far has come from the same group of voters that is critical to Harris’ path to the nomination.

    “A lot of people handicapped the race with Warren competing for voters in the Bernie wing of the party,” said Brian Fallon, a Democratic strategist and former Hillary Clinton campaign aide. “And it turns out that a lot of Clinton voters like Warren too, and she’s competing for voters in both lanes.

    “And that lane definitely puts her in competition with Harris for some of those center-left college-educated women,” Fallon added. “Both of them have higher ceilings than others with those voters.”

    Recent polls have underscored just how much support Warren and Harris each receive from white, college-educated voters — and how much room to grow they still have with this group.

    In polling results shared with McClatchy, Quinnipiac University found that 24 percent of white, college-educated voters backed Warren earlier this month, compared to 21 percent for Harris.

    Joe Biden placed third among those voters at 18 percent, despite having the top overall standing in the poll.

    Like the Democratic Party in general, Harris and Warren are fighting over a small piece of the pie that they think is the whole pie. She gets a fawning Atlantic profile:

    The crowds tell at least part of the story. Despite leading almost every poll, Biden has struggled with turnout: At one stop I was at last month, in Ottumwa, Iowa, the campaign had reserved a 664-seat theater and was excited when about 250 people showed up. Meanwhile, Warren drew more than 850 people on a recent Monday afternoon in Peterborough, New Hampshire, which was prime Bernie Sanders territory in 2016. Three days later, 1,500 people packed a Milwaukee high-school gym late into a Thursday night to see Warren, cheering and laughing along with her through a town hall. She walked out to “9 to 5.” She stood in front of an oversize American flag. She finished to “Respect.”

    Nowhere does it say how a woman without Obama’s charisma can forge a movement the way Obama did. Warren goes after private equity. “Her new scheme is a far-reaching broadside against an entire industry that invests half a trillion dollars each year in American businesses.” Because how dare rich people build new businesses and hire people instead of building a bigger yacht? She says the economy is doomed, doomed unless congress adopts her laundry list of policy proposals. “Most of Warren’s proposals to head off the crisis are policies she has called for recently on the campaign trail such as forgiving over $600 billion in student loan debt, enacting her “Green Manufacturing Plan”, strengthening unions, providing universal child care and raising the minimum wage to $15 an hour.” Translation: You’re going to lose this race unless you strap this boat anchor to your car. Peter Thiel says that Warren is the only Democrat talking economics rather than identity politics.

  • Author and spiritual advisor Marianne Williamson: In. Twitter. Facebook. “Williamson asked white people to offer ‘prayer of apology.'” How about “No”? Does “No” work for you? Gets an interview with The Hollywood Reporter. Finally, a meeting of the minds! It talks about her being roommates with Laura Dern.
  • Venture capitalist Andrew Yang: In. Twitter. Facebook. “‘I Came From the Internet‘: Inside Andrew Yang’s Wild Ride.”

    A year and a half later, Yang, 44, is still introducing himself. But many of the people who have heard of him, who took in his interview with Fear Factor-host-turned-podcasting-king Joe Rogan or browsed his website’s absurdly long and eclectic list of policy positions, have come away intrigued and, in some cases, enamored. Over a span of months, Yang has ascended from sideshow to a Top 10 candidate in several recent polls. Morning Consult’s latest survey of Democratic primary voters ranked him seventh, tied with Senator Cory Booker; the candidates who trail Yang in that poll have more than 150 years of combined experience in elected office. Yang qualified for the first two Democratic National Committee debates in June and July well before the deadline; he has more Twitter followers than half of the Democratic field; and despite a disappointing performance at the Miami debate (he spoke the least of all 20 candidates), he’s blown past the threshold of 130,000 unique donors for the third and fourth debates this fall.

    Yang’s pitch goes like this: Donald Trump got elected because we automated away 4 million manufacturing jobs in the Midwest, leading to economic insecurity, a declining quality of life, and a sense of desperation felt by millions of Americans who gave voice to that desperation by voting for the political equivalent of a human wrecking ball. And what automation did to manufacturing, he argues, it will soon do to trucking, call centers, fast food, and retail. “We’re in the third inning of the greatest economic and technological transformation in the history of our country,” he likes to say.

    Yang’s flagship plan to deal with this transformation, his Big Idea, is a universal basic income. He calls it the Freedom Dividend. (He picked the name because it tested better with conservatives than UBI did.) It’s $1,000 a month, no strings attached, for every American over the age of 18. What this new, multitrillion-dollar program would mean for the existing social safety net — well, Yang hasn’t entirely worked that out yet. But he’s quick to note that the concept of a guaranteed income has been around for centuries, with many famous proponents. (Thomas Paine! MLK! Richard Nixon!) And the appeal of a simple, catchy solution to problems as complex as the rise of robots and AI is obvious. “If you’ve heard anything about me, you’ve heard this: There’s an Asian man running for president that wants to give everyone a thousand dollars a month!” he says at the fish fry. “All three of those things are dead true, South Carolina!”

    I recently embedded for three weeks with Yang’s freewheeling campaign, traveling with him in New Hampshire, Washington, D.C., and South Carolina. He invited me to ride around with him and his lean (but growing) team, sit in on private meetings, and hang out with him in the green room at the Late Show With Stephen Colbert. (Reader, the snack spread was incredible.) I sought out Yang for the same reason so many others have, namely, to answer the question: Who is this guy?

    But my curiosity was threaded with a sense of guilt: The last time a fringe candidate came along and started to gain traction, I dismissed him as a fluke and a fraud. That candidate was Donald Trump. This time, I figured I might learn something if I looked to the margins. Is Andrew Yang right about the robot apocalypse? Is he a teller of big truths that other candidates won’t touch or just the latest in a long line of TED-talking, techno-futurists scaring people about the End of Work? What does his popularity, however fleeting, tell us about American voters?

    Joe Rogan stuff and some stupid “alt-right” accusation slinging snipped.

    THE OBVIOUS NEXT question was whether Yang could translate his online support, all those “Yangstas,” as they call themselves, into something tangible. If he held rallies, would anyone come? If he asked for volunteers, would anyone sign up?

    A series of big-city speeches in April and May, dubbed the Humanity First tour, settled those questions. Two thousand people showed up to see him at the Lincoln Memorial in Washington, followed by 3,000 in Los Angeles, and 4,000 in Seattle. For the tour’s final stop, 2,500 people turned out in the pouring rain at New York City’s Washington Square Park. These crowd sizes exceeded those of some of the senators and governors in the race. The mainstream media tuned in as well: Yang got requests to appear on Fox News, MSNBC, and CNN.

    I saw Yang for the first time in June on a swing through New Hampshire, home to the first-in-the-nation primary. It was the middle of the afternoon on a rainy Thursday, but 60 or 70 people filled Crackskull’s cafe in the town of Newmarket to hear Yang speak. I overheard a barista say that former Obama cabinet secretary Julián Castro drew half as many people a few weeks earlier.

    On the stump, Yang oozes a kind of anti-charisma. Dressed in dark pants, a light-blue oxford shirt, no tie, and a navy blazer — call it venture-capital casual — he doesn’t try to charm or inspire or flatter. He peppers his speeches with bleak statistics and dire warnings. Like Trump, he talks about how Middle America is “disintegrating.” He refers to “my friends in Silicon Valley” a lot and to the technologies they’re devising that will put regular people out of work.

    Tech visionaries who stoke fears about the robot apocalypse are nothing new. But in the context of a presidential race, Yang is the only one making this argument, and he’s found an audience for it, judging by the crowds that followed him across New Hampshire. High school kids wore blue MATH hats — short for Make America Think Harder, another one of Yang’s Trump-trolling slogans. At Crackskull’s, Yang’s supporters had memorized Yang’s lines and knew what to say in the call-and-response sections of his stump speech.

    Snip. Still super vague on what happens to existing welfare programs after his guaranteed income scheme kicks in:

    Yang’s book The War on Normal People — copies of which were given out for free at nearly every campaign event I attended — lays out his views in greater detail but raises as many questions as it answers. He writes that the Freedom Dividend “would replace the vast majority of existing welfare programs.” When I ask him about this, he denies that the Freedom Dividend is a Trojan horse for shredding the social safety net. But he acknowledges that programs like food stamps, temporary assistance for needy families, and housing subsidies could shrink if recipients took the $1,000-a-month instead. “There’s no reason to think that you would end up eliminating them entirely,” he tells me. “It is the case that if enrollment were to go down by 30 percent, then over time the bureaucracy hopefully would adjust accordingly.”

    “Iowa Caucus First Impressions: Andrew Yang deserves more voter attention.” That’s from a meeting with the Des Moines Register editorial board, so, eh. Promises to to declassify Area 51. Pfft! As if the reptoids would ever let him do that…

  • 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:

  • Creepy Porn Lawyer Michael Avenatti
  • Actor Alec Baldwin
  • Former New York Mayor Michael Bloomberg
  • Former California Governor Jerry Brown
  • Ohio Senator Sherrod Brown
  • Former one-term President Jimmy Carter
  • Pennsylvania Senator Bob Casey, Jr.
  • Former First Lady, New York Senator, Secretary of State and losing 2016 presidential candidate Hillary Clinton
  • New York Governor Andrew Cuomo
  • Los Angeles Mayor Eric Garcetti
  • Former Tallahassee Mayor and failed Florida Senate candidate Andrew Gillum
  • Former Vice President Al Gore
  • Former Attorney General Eric Holder
  • Virginia Senator and Hillary Clinton’s 2016 Vice Presidential running mate Tim Kaine
  • Former Obama Secretary of State and Massachusetts Senator John Kerry
  • New Orleans Mayor Mitch Landrieu
  • Former Virginia Governor Terry McAuliffe
  • Oregon senator Jeff Merkley
  • Former First Lady Michelle Obama
  • Former West Virginia State Senator Richard Ojeda (Dropped out January 29, 2019)
  • New York Representative Alexandria Ocasio-Cortez (constitutionally ineligible)
  • Former Massachusetts Governor Deval Patrick
  • California Representative Eric Swalwell (Dropped out July 8, 2019)
  • Talk show host Oprah Winfrey
  • Like the Clown Car update? Consider hitting the tip jar:





    LinkSwarm for April 22, 2016

    Friday, April 22nd, 2016

    As today is a made-up celebration called “Earth Day,” be sure to have beef for dinner…

  • Reminder: “Officials at VA’s Phoenix hospital manipulated wait-time data to make it appear they were connecting doctors and veterans seeking appointments much faster than they actually were. This was done so VA managers at the Arizona facility could keep getting generous performance bonuses. They got their bonuses but dozens of waiting veterans died.” So how did the VA address the problem? They hired someone accused of doing the exact same thing at another hospital.
  • Huge ObamaCare premium hikes are coming down the pike in 2017. (Hat tip: Ace of Spades HQ.)
  • “The largest health insurer in the U.S. has started pulling out of select Obamacare exchanges.” (Hat tip: Instapundit.)
  • Eight more ObamaCare co-ops are about to bite the dust.
  • Meanwhile, ObamaCare is helping enourage opioid addiction.
  • Thanks to Obama’s supergenius management, the Taliban are now winning in Afghanistan.
  • “The National Labor Relations Board suspended a top-ranking Philadelphia official after receiving complaints that he helped raise money from unions for his pro-union charity.” (Hat tip: Ace of Spades HQ.)
  • Following a congressional subpoena over Benghazi, Hillary’s state department staff hid requested files in another department. (Hat tip: Ace of Spades HQ.)
  • Is Rhode Island closing 66% of polling places for next week’s presidential primaries? Something smells.
  • How Ted Cruz could beat Hillary Clinton. “Clin­ton is en­ter­ing the gen­er­al elec­tion with glar­ing vul­ner­ab­il­it­ies of her own. Her im­age is tox­ic to Re­pub­lic­ans and in­de­pend­ents, and her pop­ular­ity among Demo­crats is now at an all-time low as a pres­id­en­tial can­did­ate, ac­cord­ing to Gal­lup’s polling. It won’t take a top-tier Re­pub­lic­an can­did­ate to win.” Also: “Cruz con­sist­ently runs far more com­pet­it­ively against Clin­ton than Trump does.”
  • “It’s not just Wall Street banks. Most companies and groups that paid Democratic presidential candidate Hillary Clinton to speak between 2013 and 2015 have lobbied federal agencies in recent years, and more than one-third are government contractors, an Associated Press review has found. Their interests are sprawling and would follow Clinton to the White House should she win election this fall.”
  • Donald Trump jumps on the social justice warrior tranny bathroom bandwagon.
  • Evidently accused pedophile Terry Bean is the one whose organizations are pushing tranny bathroom bills down America’s throats. (Hat tip: Director Blue.)
  • Trump convention manager Paul Manafort engages in the time-honored traditional rhetorical device know as “lying your ass off.”
  • Thomas Sowell on campaign lies and dodgy statistics.
  • “Although our panel’s original estimates had Trump finishing with 1,175 pledged delegates, my revised deterministic projections have him at 1,155, and the probabilistic version has him at 1,159.”
  • Ted Cruz has done heavy organizing in California.
  • Man indicted for selling school supplies to Detroit schools he didn’t actually deliver…with the connivance of several principles receiving kickbacks. Now, remind me: Which party has controlled Detroit for half a century?
  • Venezuela instituting four hours of blackouts a day, in addition to the previously mentioned three day weekends. That socialist paradise just keeps
  • Brazil impeaches their President.
  • Won’t someone please think of poor, penniless Boeing?
  • When low-fat dogma trumped science: hamburger study data showed exact opposite of study’s conclusions.
  • Navy chief starving Marine air corps.
  • What Women Really Want Is The Patriarchy.”
  • ‘White Privilege’ Is a Racial Slur.”
  • Walden is less a cornerstone work of environmental literature than the original cabin porn: a fantasy about rustic life divorced from the reality of living in the woods, and, especially, a fantasy about escaping the entanglements and responsibilities of living among other people.”
  • Mexico’s Popocatepetl volcano erupts. Popocatepetl is less than 50 miles from Mexico City…
  • Goldman Sachs pays $5 billion fine to “settle claims that it misled mortgage bond investors during the financial crisis.” (Hat tip: Ace of Spades HQ.)
  • Pratt & Whitney pushing a B-52 engine upgrade.
  • The woman who can’t remember her own past. (Hat tip: Bill Crider.)
  • Lileks: “Who wouldn’t want to lounge around in a set from a 1970s failed Gene Roddenberry pilot?” (Hat tip: Ed Driscoll at Instapundit.)
  • Son, that’s no way to treat steaks. (Hat tip: Ace of Spades HQ.)
  • LinkSwarm for August 21, 2015

    Friday, August 21st, 2015

    Small LinkSwarm this time.

  • “Hillary Clinton is the contemporary poster child for special privileges for the rich and powerful.”
  • Latest Iran deal revelation: Iran gets to self-inspect their own nuclear site. But Kerry did get them to agree to pinky swear they’re telling the truth…
  • Obama and his party. “No president in modern times has presided over so disastrous a stretch for his party, at almost every level of politics.” Caveat the first: Although I think the phrase “there’s neither a Great Depression nor a criminal conspiracy in the White House to explain what has happened” is probably false on both counts. Caveat the second: Notice how the article carefully omits any mention of the specific Obama policies that have made his party so unpopular…
  • From back in June: Karl Rove lied about Ted Cruz. (Hat tip (tangentially): Perry vs. World, where Evan seems to have woken from his summer slumber…)
  • I really want to believe this Atlantic piece on how Russia is losing in Ukraine, but I just don’t. This one sentence has so much wrong with it I have trouble trusting the rest of the article: “Shale, liquefied natural gas (LNG), and renewables—three areas where Russia is extremely weak—are ascendant and are dramatically altering the market.” Shale’s a solid play if you’ve already tapped out more easily-extracted hydrocarbons (I doubt Russia has), LNG is a profitable byproduct if you’re already extracting oil, but at today’s market prices (which have sucked since 2009) it’s not worth pursuing on its own, and renewables? Hippie, please
  • Muslim beats wife in front of police, saying they can’t arrest him because she’s his property.
  • Slovakia to the EU: Screw you, we’re not taking any Muslim refugees. (Hat tip: Jihad Watch.)
  • Movement in Spain tries to erase Salvador Dali from history. You’ll get my Salvador Dali from me when you pry the melting clocks out of my burning hands!
  • Could Google rig the next election?
  • It’s a Goldman-Sachs world. We just live in it…
  • Three students at the “Homestead Job Corps” murder a fourth. I’m going to go out on a limb and suggest that program isn’t working…
  • Missed this from earlier in the year: Arkansas cops attempt to plant malware on a lawyer’s computer, fail miserably.
  • Joe Straus is backing Jeb Bush. I don’t imagine that this will come as a shock to anyone…
  • Vox Provides List of Clinton Foundation Donors

    Friday, May 1st, 2015

    From the blind-squirrel-finds-an-acorn department, here’s another rare interesting and useful piece from Vox that actually lists 181 major donors to the Clinton Foundation that also had business with Hillary Clinton’s State Department.

    Tidbits:

  • Microsoft/The Bill and Melinda Gates Foundation was the number one donor, giving at least $26,000,000, and possibly a great deal more, as no upper limit was reported.
  • The State of Qatar (and “related entities”) was the fourth largest donor, giving between $1,375,000 and $5,800,000. Rich Qatar individuals are also among the biggest backers of the Islamic State.
  • Goldman Sachs was the fifth largest donor, giving between $1,250,000 and $5,500,000. So much for all that “Occupy Wall Street” rhetoric from Democrats…
  • ExxonMobil was the ninth largest donor, and gave between $1,001,000 and $5,005,000. By liberal standards, shouldn’t this disqualify Hillary from talking about global warming ever again?
  • The “Alliance for a Green Revolution in Africa,” of which I was heretofore unaware, was tied for giving the tenth largest amount, between $1,000,000 and $5,000,000. They’re a Gates Foundation-backed entity that appears (from cursory research) to be pushing genetically modified crops (including those from Monsanto and Cargill) as a solution to Africa’s hunger problems. The question is why the money flows from Alliance for a Green Revolution in Africa to the Clintons and not the other way around. Except, of course, for the fact that the money always seems to flow to the Clintons, and not the other way around…
  • Monsanto themselves gave between $501,250 and $1,006,000.
  • The American Cancer Society gave between $100,000 and $250,000. Why is the Cancer Society giving money to the Clinton Foundation? Has anyone asked?
  • Semiconductor equipment giant Applied Materials (for which I worked for four years more than a decade ago) gave between $100,000 and $250,000. Doing business globally, there are many reasons they could have sought favorable rulings from the State Department. However, some semiconductor equipment (specifically ion implanters, and possibly others) can be used (with modification) to enrich uranium.
  • This just scratches the surface on a Clinton Foundation scandal where new revelations seem to be dropping every day. But it’s a solid jumping-off point for additional research.

    Also, it offers a opportunity to troll liberals: “Do you think that Ted Cruz receiving money from Goldman Sachs, ExxonMobil and Monsanto makes him a tool of big business?” Then after they answer…

    Greece: Bailout? Austerity? Stool Samples?

    Wednesday, February 29th, 2012

    Monty, the guy who does the Daily Doom over at Ace of Spades, is taking a break, which means that I have to do my own damn research step into the breach, so here a roundup of European Debt Crises news:

  • After much hemming and hawing, Germany finally ponies up 130 billion Euros for the latest Greek bailout funds. “Nobody can give a 100 percent guarantee of success” says Merkel. Actually, just remove the “10” and you have the true chance of the latest bailout succeeding in solving Greece’s problems…
  • And the Greeks, in turn, pass “tough spending cuts”. Presumably those “tough cuts” would be the ones reducing the annual budget deficit from 9% to 7.5% of GDP. They’re don’t even require Greece to stop digging, they just want them to dig slower. And even that assumes that such cuts will actually be implemented.
  • But despite all that frantic activity, Standard and Poor’s still downgraded Greece’s bond ratings to “Selective Default.” You get the feeling they’ve seen this particular tragedy before, and know exactly how it ends.
  • Among the austerity measures were a reduction in the minimum wage, including a 22% cut on the standard minimum monthly wage of 751 euros, and a 32% for those under 25. A good idea and necessary, but once again the sons are paying for the sins of the fathers.
  • Unions, realizing their role in helping bankrupt Greece, have meekly accepted the cuts. Ha, just kidding. They’re going on strike.
  • Following the downgrade, the European Central Bank announced that they would stop taking Greek debt as collateral, at least until the new Greek bailout package goes into effect.
  • How bad is Greek bureaucracy? The FDA is a model of efficiency by comparison. At least the FDA didn’t require stool samples from investors.
  • Germany is thinking of sending German tax collectors to Athens. I’m sure it’s impossible that Greeks would take this in the wrong way.
  • Speaking of Germany, their high court has ruled yet again that a parliamentary panel set up to approve action by the euro zone bailout fund is unconstitutional.
  • Portugal is also digging more slowly, having cut its budget deficit from 5.9% of GDP last year to 4.5% this year. Meanwhile, it’s economy also contracted by 3.3%.
  • The Finns are in, supporting the Greek bailout to the tune of 2.3 billion Euros.
  • Ireland is actually allowing its citizens to vote on the European stability treaty. Of course, if they vote no, expect them to have to keep voting until they ratify the result the Eurocrats have already chosen for them.
  • Seeking Alpha makes the obvious point that you don’t want to hold any of the PIIGS sovereign debt. I would go further and suggest that you don’t want to hold any sovereign debt denominated in Euros…
  • So who, above all, wants to avoid a Euro default among the PIIGS? Would you believe Goldman Sachs? “At the end of 2011, Goldman Sachs had sold $142.4 billion of single-name swaps, contracts that pay out in the event of a default, on the five countries.” That’s an awful of of incentive to keep the game running until all the rubes taxpayers can be fleeced…
  • Even big-spending, welfare state cheerleader and all-around leftwing mouthpiece Paul Krugman thinks Greece will have to leave the Euro. So it only took two years for Krugman to come part of the way toward realizing what what Mark Steyn did two years ago. Of course, Krugman’s analysis is short term and technical, whereas Steyn saw the unsustainable nature of the welfare state a long time ago. Do you think Kurgman might want become a bit less of a cheerleader for big government? I wouldn’t hold your breath…
  • EU council president Herman Van Rompuy: All your national parliaments are belong to us.
  • Spain balks at letting their government reduce spending by 4%of GDP. Problem: Their annual budget deficit is 8% of GDP. That’s the problem when you get that far down the hole to serfdom: Even slowing the digging becomes unacceptable, much less stopping…
  • “Decades of cradle-to-grave socialism, a short work week and long vacation periods for European Union workers have taken a toll on the treasuries of the nation states. The good life lived in Europe without a thought of tomorrow has brought on these days of reckoning. Greece is an example of the limits of a European welfare state.”
  • What would a real solution to Greece’s problems look like? “They must roll back bureaucracy, free up entrepreneurs and reduce the burden of the welfare state, so that the private sector can begin to grow….Regrettably, this is not the approach that has prevailed so far. Indeed, as things stand a whole host of European Union and European Central Bank policies are pushing things in precisely the opposite direction.”
  • American liberals love to talk about Northern Europe’s welfare states, but don’t like mentioning Southern Europe. “For all their fascination with Europe, southern Europe doesn’t loom large for the American Left. But France, Italy, Spain, Belgium, Portugal and Greece are more representative of European outcomes than Sweden, Denmark, and Finland, and have equally sized welfare states. Their failure should not be ignored in the American debate.”
  • Slow Motion EuroZone Trainwreck Continues

    Monday, December 19th, 2011

    It didn’t take long for cracks to start appearing among national politicians who are not nearly so sanguine over the prospect of Anschluss II as their counterparts in Brussels.

    The French people are not wild about it either. But French politicians only pay slightly more attention to the French people than they do to the American government, which is to say: precious little.

    The Portuguese threaten nuclear default.

    Did the announcement calm markets elsewhere? Not so much:

    Some of the world’s most powerful investment banks were downgraded by ratings agency Fitch as Germany’s cherished European fiscal compact appeared to be unraveling. The banks that were downgraded [Wednesday] night include US banks Bank of America and Goldman Sachs, Barclays and France’s BNP Paribas. Switzerland’s Credit Suisse and Germany’s Deutsche Bank were also cut.

    Even France is in danger of a downgrade.

    Of course, all this supposes that the new EuroPact will actually accomplish something. Fitch Ratings is not so sure. After warning of rating downgrades on “Belgium, Cyprus, Ireland, Italy, Slovenia and Spain,” they come to the bracing conclusion that “a ‘comprehensive solution’ to the eurozone crisis is technically and politically beyond reach.”

    And now for the section of the roundup in which I quote whopping large chunks of Ambrose Evans-Pritchard on the whole thing.

    First, the EU would like the UK to throw more money into the black hole. The UK is telling them to get stuffed:

    Euro rage is reaching new heights over Britain’s latest outrage.

    Our refusal to pony up a further €31bn we cannot afford, to prop up a monetary union that was created against our wishes and better judgment, and with the malevolent purpose of accelerating the great leap forward to a European state that is inherently undemocratic.

    It is being presented as treachery, Anglo-Saxon perfidy, and the naked pursuit of national self-interest.

    Let me just point out:

    1) The UK never agreed to such a commitment in the first place. The line was written into the December 9 summit communiqué in an attempt to bounce Britain into handing over the money.

    2) The UK does not consider the rescue machinery to be remotely credible as constructed.

    3) The eurozone has the means to tackle its own debt crisis, if it is willing to use them. These include fiscal pooling and the mobilisation of the ECB.

    As eurozone politicians never tire of reminding us, their aggregate debt levels are lower than those of the UK, US, or Japan. They are right. So get on with it and stop begging.

    Euroland is of course entitled not to deploy eurobonds or the ECB if these mean a) a breach of the German constitution b) violate the ECB’s mandate. But that is entirely their choice. Both the Grundgesetz and the ECB mandate can be changed.

    It was EMU members who created this dysfunctional currency. They are now trying to shift the consequences of their error onto others rather than taking the minimum steps necessary to fix the problem at root.

    Second, his pointing out that the proposed treaty actually accomplishes very little:

    The leaders of France and Germany have more or less bulldozed Britain out of the European Union for the sake of a treaty that offers absolutely no solution to the crisis at hand, or indeed any future crisis. It is EU institutional chair shuffling at its worst, with venom for good measure.

    [snip]

    And what for? All this upheaval for a mess of pottage, a flim-flam treaty? The deal is not a “lousy compromise”, said Angela Merkel. Well, actually that is exactly what it is for eurozone politicians searching for a breakthrough.

    It tarts up the old Stability Pact without changing the substance (although there will be prior vetting of budgets). This “fiscal compact” is not going to make to make the slightest impression on global markets, and they are the judges who matter in this trial by fire.

    Yes, there is more discipline for fiscal sinners, but without any transforming help. Even the old “Marshall Plan” of the July summit has bitten the dust.

    There is no shared debt issuance, no fiscal transfers, no move to an EU Treasury, no banking licence for the ESM rescue fund, and no change in the mandate of the European Central Bank.

    In short, there is no breakthrough of any kind that will convince Asian investors that this monetary union has viable governance or even a future.

    Germany has kept the focus exclusively on fiscal deficits even though everybody must understand by now that this crisis was not caused by fiscal deficits (except in the case of Greece). Spain and Ireland were in surplus, and Italy had a primary surplus.

    As Sir Mervyn King said last week, the disaster was caused by current account imbalances (Spain’s deficit, and Germany’s surplus), and by capital flows setting off private sector credit booms.

    The Treaty proposals evade the core issue.

    Ironically, the actual text of the new agreement has all sorts of things (like requiring a Balanced Budget Amendment to national constitutions) that, had it been in place and enforced 15 years ago might have prevented the situation in the first place. But if the nations of Europe had been capable of balancing their budgets, they wouldn’t have needed a Euro-fueled spending spree to keep their welfare states solvent in the first place.

    For the PIIGS, growth is neither possible nor enough: “There is at this point no conceivable policy scenario which somehow makes Italy and Greece grow by as much as 2% a year for the next few years.”

    Fed says no Euro bailout. But one might wonder at the firmness of their resolve. Especially since the head of the IMF says they need funds from outside the EU. Because who doesn’t love throwing good money after bad?

    European bank walks are starting to turn into bank jogs.

    Gold prices have plunged since the Euro treaty was announced. A sign the worst has passed? No, quite the opposite: Europe’s banks are selling their gold reserves in an attempt to stay solvent.

    Let’s see if I’ve got this straight: EuroZone members, threatened by sovereign default on their bonds, are giving money backed by those same bonds to the IMF, which will use the money to prop up the EuroZone in order to prevent EuroZone countries from defaulting on their bonds. In order to help readers understand the genius of this maneuver, I have slightly altered a graphic from a recent movie to explain the concept:

    (Hat tips: Insta, Ace, and The Corner, plus no doubt a few I’ve forgotten.)