Posts Tagged ‘JP Morgan’

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 April 14, 2023

    Friday, April 14th, 2023

    If you’re stressing over your taxes, you might be slightly relieved to know that they’re not due until April 18. Thus week: More Blue City violence and decline, lots of Social Justice Warrior backlash, Facebook shows snowflakes the door, and Budweiser commits brand suicide.
    

  • “Ex-ABC Senior Producer Who Rolling Stone Covered For Indicted On Child Porn Charges. Former ABC senior producer James Gordon Meek has been indicted on three counts of child pornography nearly one year after the FBI raided his Arlington, Virginia home.”
    

  • “A Silicon Valley Vs. Homeless Industrial-Complex Power-Struggle Emerges In San Francisco.”

    Something about the apparently random street murder of Silicon Valley tech executive Bob Lee seems to have overturned a crawly rock in San Francisco’s political scene, suggesting a brewing power struggle on the horizon.

    On the one hand, we have a very vocally angry Silicon Valley tech community speaking out about the out-of-control crime situation in the city, with the valued and talented Lee’s untimely death from some night creature who crawled out from some sewer or encampment and stabbed him to death, quite possibly in a drug-addled haze. That’s expected if you live in a place full of bums and criminals, but Lee didn’t live in a place full of bums and criminals. He had actually fled the city for Florida based on its engulfing crime and come back only for a brief business trip.

    On the other hand, we have a soggy, entrenched political establishment seeking to assure that there’s really no crime problem at all. This is evident enough in the “crime is down” coverage seen in the political establishment’s house organ, the San Francisco Chronicle, and in the surreal statements of the city hall power establishment, which is rooted in special interests, particularly the most powerful one, the homeless industrial complex. I wrote about that here. San Francisco currently spends about as much on homeless “services” as it does on police, and by some studies such as the one cited below, actually more.

    Not surprisingly, as per Thomas Sowell’s observation, you can have all the poverty you want to pay for, and San Francisco pays a lot.

    The Hoover Institution’s Lee Ohanian has noted:

    Spending $1.1 billion on homelessness is just the latest installment in San Francisco’s constant failure to sensibly and humanely deal with an issue that it chronically misdiagnoses and mismanages about as much as is humanly possible. Since fiscal year 2016–17, San Francisco has spent over $2.8 billion on homelessness, and the city’s politicians remain seemingly baffled, year after year, as the number of homeless in the city skyrocket, as opioid overdoses kill more than COVID-19, and as the city has become nearly the most dangerous in the country. https://www.hoover.org/research/why-san-francisco-nearly-most-crime-rid….

    Since 2016, the number of homeless in San Francisco has increased from 12,249 to 19,086, which comes out to about $57,000 in spending per homeless person per year. With a total population of about 860,000, roughly 2.2 percent of San Francisco residents are homeless, which is over 12 times the national average. There is little doubt that as San Francisco spends more, homelessness and its impact on the city worsens.

    Do the homeless get that $57,000 being spent on them? Of course not. The princelings of the NGO establishments got that money — for themselves. That’s what’s made them politically powerful, enough to call the shots at city hall.

    Democrats and Social Justice Warriors view homelessness as a huge profit center, and seek to increase the ranks of the homeless at every opportunity.

  • Speaking of Bob Lee’s murder, the former San Francisco fire commissioner was attacked with crowbar the day after Lee was stabbed to death.
  • Also, an arrest was made in the Lee case and it was a fellow tech guy who knew him. “A tech executive named Nima Momeni was arrested by San Francisco police Thursday morning in the April 4 killing of Cash App founder Bob Lee…Lee and Momeni were portrayed by police as being familiar with one another. In the wee hours of April 4, they were purportedly driving together through downtown San Francisco in a car registered to the suspect.” So not a random gibbering drug-addicted transient.
  • Speaking of San Francisco street crime, a Whole Food closes one year after opening due to violence and theft.
  • Speaking of store closings in blue cities, Walmart is closing half their Chicago stores.
  • Is it it riot and murder season in Baltimore already? Ha! Trick question! It’s always riot and murder season in Baltimore.

  • “Embattled Soros-Backed St. Louis Prosecutor Sanctioned By Judge Amid New Complaints.”

    A St. Louis judge sanctioned St. Louis Circuit Attorney Kim Gardner’s office last week for allegedly withholding evidence in a double-murder case, while allowing the suspect out on bond, amid rising criticism about left-wing prosecutors allowing crime to flourish in major U.S. cities.

    Alex Heflin, 23, was held without bond since January after he was initially charged with two counts of second-degree murder and armed criminal action, local media reported. But those charges were recently reduced to involuntary and voluntary manslaughter before he was released, while his April 17 trial has been postponed until June 12.

    Judge Theresa Counts Burke ruled in favor of Heflin’s lawyers after they filed a motion accusing a prosecutor under Gardner of violating discovery rules. They alleged that her office did not turn over evidence, including a 911 call recording and DNA evidence.

    “The court finds that there have been repeated delays by the state in obtaining discovery and providing it to the defense,” Burke wrote, according to local reports.

    “There has been a lack of diligence on the part of the state in following up and providing discovery to the defendant in a timely fashion. As a result of the state’s actions and lack of diligence, the court grants defendant’s second motion for sanctions.”

    Under Burke’s order, Heflin will have to remain on GPS monitoring. She also ordered the circuit attorney’s office to hand over their list of witnesses within 24 hours, provide DNA test results within 24 hours, or ask a crime lab for the DNA results.

  • Remember when Reagan was criticized for taking the deficit above $100 billion? Now it’s over a trillion. Every six months. (Hat tip: Stephen Green at Instapundit.)
  • 2024 update: Tim Scott getting in.
  • Mike Pompeo getting out.
  • Fort Worth ISD to make DEI die.
  • Molotov balloons are a ball filled with sulfuric acid, but white strips are a type of paper treated with potassium chlorate and a sugar mix. When the balloon breaks, the acid reacts with the potassium chlorate and sugar, which causes ignition.”
  • Another girlboss indicted: “Penn grad Charlie Javice, founder of Frank, charged with fraud over $175M JPMorgan deal.” Seems the heart of the indictment is fake users.

    Prosecutors and the SEC allege that Javice orchestrated a scheme to deceive JPMorgan into believing that Frank had access to valuable data on 4.25 million students who used the company’s service when in reality the number was less than 300,000.

    Prosecutors said when JPMorgan (NYSE: JPM) sought to verify the number of Frank users and the amount of data collected about them, Javice fabricated a data set. She is alleged to have an unnamed co-conspirator who first asked Frank’s director of engineering to create an artificially generated data set. Prosecutors said the director of engineering declined the request after expressing concerns about its legality.

    Javice, according to prosecutors, then approached an outside data scientist and hired him to create the synthetic data set — which was then provided to an agreed-upon third-party vendor in an effort to confirm to JPMorgan that the data set had over 4.25 million rows.

    Based on that alleged fraudulent data, prosecutors said JPMorgan agreed to buy Frank for $175 million. As part of the deal, the nation’s largest bank hired Javice and other Frank employees. Prosecutors said Javice received over $21 million for selling her equity stake in Frank and, per the terms of the deal, was to be paid another $20 million as a retention bonus.

    Prosecutors said as the fabricated data set was being created, Javice and her co-conspirator sought to purchase real data for over 4.25 million college students to cover up their misrepresentations.

    Treading the fine line between “fake it until you make it” and “interstate wire fraud.”

  • Bud light tranny pander wrecks brand. “I’ve never seen such little sales [as] in this past few days.”
  • In fact, they’ve lost six billion dollars in market cap.
  • “People With Taste Buds Continue Decades-Long Boycott Of Bud Light.”
  • The history of Barrett firearms. (Hat tip: Dwight.)
  • Facebook to lay off 10,000 employees, including some of the people bragging that they had no work to do.
  • We’re having a party, a bankruptcy party. (Maybe.)
  • Tragic non-steak roasting befalls 18,000 cows.
  • Possible sequel to Cocaine Bear hits unexpected obstacle. Or vice-versa.
  • “BLM Leaders Call For Renewed Protests This Summer After Finding A Fantastic Beach House For Sale On Zillow.”
  • “Pentagon Leaker Kicking Himself For Not Just Leaving Classified Documents Strewn Around His Garage.”
  • “Disaster On Mandalorian Set As Lizzo Eats Baby Yoda.”
  • Democratic Presidential Clown Car Update for January 27, 2020

    Monday, January 27th, 2020

    Everything’s coming up Bernie (including a Joe Rogan endorsement), Biden tranny panders, Buttigieg does a Jeb!, Bloomberg ops get sick bennies, Yang rises, and WaPo worries about screaming ghosts. It’s your Democratic Presidential clown car update!

    Also: The Iowa caucuses are next week. Our long national nightmare is finally coming to a middle!

    Polls

  • Suffolk/USA Today (Iowa): Biden 25, Sanders 19, Buttigieg 18, Warren 13, Klobuchar 6, Yang 3, Steyer 2, Gabbard 1. No link to crosstabs/sample size/etc.
  • CBS/YouGov (Iowa): Sanders 26, Biden 25, Buttigieg 22, Warren 15, Klobuchar 7, Steyer 1, Yang 1, Delaney 1, Delaney 0, Bennet 0, Gabbard 0, Patrick 0.
  • NBC/Marist (New Hampshire): Sanders 22, Buttigieg 17, Biden 15, Warren 13, Klobuchar 10, Gabbard 6, Yang 5, Steyer 3, Bennet 1, Patrick 1. Sample size of 1,401.
  • CNN/UNH (New Hampshire): Sanders 25, Biden 16, Buttigieg 15, Warren 12, Klobuchar 6, Gabbard 5, Yang 5, Steyer 2, Bloomberg 1, Delaney 1, Bennet 0, Patrick 0. Sample size of 1,077.
  • ABC News: Biden 28, Sanders 24, Warren 11, Bloomberg 8, Yang 7, Buttigieg 5, Klobuchar 3. Sample size of 1,004. Yang over Buttigieg is interesting.
  • New York Times/Sienna (Iowa): Sanders 25, Buttigieg 18, Biden 17, Warren 15, Klobuchar 8, Steyer 3, Yang 3.
  • Emerson: Biden 30, Sanders 27, Warren 13, Yang 8, Bloomberg 7, Buttigieg 6, Klobuchar 4, Gabbard 1, Bennet 1, Steyer 1, Delaney 1, Patrick 0. Yang in fourth here!
  • WBUR (New Hampshire): Sanders 29, Buttigieg 17, Biden 14, Warren 13, Klobuchar 6, Gabbard 5, Yang 5, Stehyer 2, Bloomberg 1, Patrick 1, Delaney 0. Samples size of 426. Sanders has doubled his support in a month.
  • Monmouth: Biden 30, Sanders 23, Warren 14, Bloomberg 9, Buttigieg 6, Klobuchar 5, Yang 3, Bennet 1, Gabbard 1, Steyer 1.
  • Morning Consult: Biden 29, Sanders 24, Warren 15, Bloomberg 10, Buttigieg 8, Yang 4, Klobuchar 3, Steyer 3, Gabbard 2, Bennet 1, Delaney 1, Patrick 0.
  • Economist/YouGov: Biden 28, Warren 21, Sanders 18, Buttigieg 8, Bloomberg 6, Klobuchar 4, Yang 3, Gabbard 3, Steyer 2, Bennet 0, Delaney 0, Patrick 0.
  • CNN: Sanders 27, Biden 24, Warren 14, Buttigieg 11, Bloomberg 5, Klobuchar 4, Yang 4, Steyer 2. I think this is the first CNN poll that has Sanders over Biden.
  • Boston Globe/Suffolk (New Hampshire): Sanders 16.4, Biden 14.8, Buttigieg 12.2, Warren 9.8, Yang 5.6, Gabbard 5.4, Klobuchar 4.6, Steyer 2.6, Patrick .6, Delaney 0.0.
  • Focus on Rural America (Iowa): Biden 24, Warren 18, Buttigieg 16, Sanders 14, Klobuchar 11, Steyer 4, Yang 3, Gabbard 1 Bennet 1, Bloomberg 1, Delaney 0, Patrick 0. Sample size of 500 and heavily biased questions, which you would expect from a hard left interest group.
  • Emerson (New Jersey): Biden 28, Sanders 25, Warren 15, Bloomberg 9, Buttigieg 6, Yang 6, Klobuchar 4, Gabbard 3, Delaney 2, Bennet 0, Steyer 0, Patrick 0. Sample size of 388.
  • Real Clear Politics polls.
  • 538 poll average.
  • Election betting markets.
  • Pundits, etc.

  • Everything’s coming up Bernie:

    Up until this point, we’ve been pretty hesitant to read too much into any one of the post-debate polls — largely because for each poll that showed Sen. Bernie Sanders on the upswing, there was another poll that showed him on the downturn. But now with four more national polls and six early-state surveys (three from Iowa and three from New Hampshire) since we last checked in, we’ve got a much clearer picture of where things stand. And one thing that’s immediately obvious is that Sanders really has gained in the polls.

    Sanders’s chances of winning a majority of pledged delegates has increased by 4 percentage points since Friday, up from 22 percent to 26 percent in our forecast. But notably, his gain hasn’t come at the expense of former Vice President Joe Biden. In fact, Biden’s odds are unchanged — he still has a 42 percent shot at winning a majority of pledged delegates, which was also the case on Friday. Sen Elizabeth Warren, on the other hand, slipped 5 points since Friday, and is now roughly tied with Buttigieg in our overall delegate forecast. (Buttigieg’s odds remain the same, and the chance that no candidate wins a majority of pledged delegates ticked up very slightly.)

    The second thing that’s immediately obvious from this latest batch of polls is that the race in Iowa is still incredibly close. Biden has slightly better odds than Sanders in our forecast, but it’s probably better to think of the two of them as roughly tied, with Buttigieg and Warren not too far behind. That said, this weekend’s polls did change the picture in New Hampshire with Sanders vaulting into the lead, which at least partially explains some of his overall gains in the forecast.

    Sanders is looking good in New Hampshire, but Iowa is a toss-up.

  • Two Jews walk into the presidential primary:

    In a country where anti-Semitic attacks have spiked and the president has sometimes hesitated to condemn neo-Nazis, two men who celebrated their bar mitzvahs in the 1950s suddenly want to talk about their Jewishness.

    “I know I’m not the only Jewish candidate running for president,” Mike Bloomberg, the former New York City mayor, told a packed synagogue here today, referencing his Democratic-primary rival Senator Bernie Sanders. “But I am the only one who doesn’t want to turn America into a kibbutz.” For the first time in American history, this niche joke fit neatly into a campaign for the White House. And for the first time in American history, there’s a good chance that a Jewish candidate for president will beat another Jewish candidate to become a major party’s nominee.

    Before this campaign, neither Bloomberg nor Sanders spent much time publicly discussing, let alone celebrating, their Jewishness. But a few weeks ago, Sanders was ice-skating during a Hanukkah party at a Des Moines rink, lighting a giant menorah with a blowtorch and mouthing the words to a few of the Hanukkah songs. And Bloomberg was here, making a direct appeal to Jewish voters complete with deli references and Catskills-style rim shots. He quoted Leviticus (a book he identified by its Hebrew name, Vaykira) in Hebrew and said, “Lo ta-amode, do not stand by idly while your neighbor’s blood is shed,” stumbling slightly over the pronunciation, much like how he misplaced the emphasis on the word kibbutz.

    To those who know Bloomberg well and even spent years working for him, this is a surprising turn. As mayor, he was more of the stop-by-synagogue-on-Rosh-Hashanah kind of observer, not the guy who’d make a not-so-subtle reference to Donald Trump as “a pharaoh who knows not Joseph,” and speak about “standing together, rejecting demagogues who try to seduce us by playing us against each other, and uniting behind the only shield that can protect us: our common values as American citizens and our common humanity as God’s children.” Bloomberg went all in, going directly from “When Moses descended from Mount Sinai, he smashed the golden calf and raised high a tablet of laws,” to noting that Monday is “the 75th anniversary of Auschwitz’s liberation,” and recalling his own visit to the death camp a few years ago.

    This wasn’t a speech like any presidential candidate has delivered before—and that includes Sanders. Before launching his 2020 campaign, Sanders rarely discussed his Jewish roots, publicly or privately. Sanders superfans know he spent a few months after college in Israel working on a kibbutz, but he’s talked about that more through his socialism than through any connection to the Jewish state. For years, Sanders referred to his father as a “Polish immigrant,” which some saw as a pointed erasure of his identity—when Eli Sanders arrived in America, after all, his passport from the Polish government would have listed his nationality as “Jew.” Jewish leaders have criticized him for decisions like speaking at the evangelical Liberty University in 2015 on the first day of Rosh Hashanah, the Jewish New Year.

  • The impeachment farce continues to sideline the senators still in the race, namely Sanders, Warren, Klobuchar and Bennet.
  • How much current maneuvering is “Block Bernie”?

  • Now on to the clown car itself:

  • Colorado Senator Michael Bennet: In. Twitter. Facebook. All in on New Hampshire.
  • Former Vice President Joe Biden: In. Twitter. Facebook. ‘Middle Class’ Joe Biden has a corruption problem – it makes him a weak candidate.”

    Biden has a big corruption problem and it makes him a weak candidate. I know it seems crazy, but a lot of the voters we need – independents and people who might stay home – will look at Biden and Trump and say: “They’re all dirty.”

    It looks like “Middle Class” Joe has perfected the art of taking big contributions, then representing his corporate donors at the cost of middle- and working-class Americans. Converting campaign contributions into legislative favors and policy positions isn’t being “moderate”. It is the kind of transactional politics Americans have come to loathe.

    After sitting on the sidelines, big money Democrats are finally backing Biden:

    Joe Biden is locking down support from powerful New York donors who have spent the past year flirting with multiple candidates, setting him up for a major cash boost just as 2020 voting begins.

    Biden’s campaign — sometimes with help from the candidate himself — has spent the last few weeks reaching out to big donors who have collectively raised tens of millions for past presidential campaigns and are not yet attached to 2020 rivals. The Biden camp, which suffered serious money problems in the fall, came to them with a message: The time is now to join up and back Biden to beat President Donald Trump, after the former vice president lasted the whole year as the Democratic polling frontrunner, despite frequent predictions that his campaign was about to collapse.

    The message landed. And Biden’s campaign will cash in on those efforts in mid-February, when Biden will head to New York City for a pair of fundraisers hosted by a litany of Wall Street power players, many of whom previously helped Kamala Harris’ campaign or split their support among several candidates in 2019. Originally scheduled as one event, organizers had to split the Feb. 13 fundraising blowout in two because so many donors new to the Biden fold signed up to help.

    Hosts for a cocktail-hour fundraiser will include financiers and former Harris supporters Blair Effron and Marc Lasry, both of whom were major donors to Hillary Clinton, as well as Jon Henes, a lawyer and Harris’ former finance chair, and Tom Nides, a Clinton donor and former State Department aide. Later that evening, another set of major donors will fete Biden, including former U.S. Ambassador to France Jane Hartley, Blackstone president Jonathan Gray and PR executive Michael Kempner — another who was once a bundler for Harris, who dropped out of the 2020 race in December.

    Biden succumbs to tranny pandering:

    Speaking of pandering, Biden claims he was born a poor black childraised in the black church politically.” “Hunter Biden’s Firms Scored Reportedly Hundreds of Millions from Russians, Chinese, and Kazakhs.” “Hunter Biden renting $12,000-per-month Hollywood home while refusing to pay child support.” Prince. Among. Men. (Hat tip: Instapundit.) Have I stolen this one before?

  • Former New York Mayor Michael Bloomberg: In. Twitter. Facebook. Why would anyone work for Bloomberg? Well, for starters, it’s a pretty sweet deal:

    Billionaire presidential long shot Michael Bloomberg is trying to poach staff from other campaigns with outsized salaries and fancy perks like three catered meals a day, an iPhone 11 and a MacBook Pro, according to sources.

    Bloomberg is paying state press secretaries $10,000 a month, compared to the average going rate of $4,500 for other candidates and state political directors are making $12,000 a month, more than some senior campaign advisers earn, sources said.

    National political director Carlos Sanchez pulls in $360,000 a year. Kellyanne Conway, Trump’s political director, made $240,000 in 2016.

    Every Bloomberg staffer gets a MacBook Pro and an iPhone 11 on day one. They also enjoy three catered meals daily.

    (Hat tip: Ann Althouse.) Various pundit sorts debate the effectiveness of Bloomberg’s billions. “Is there even a way to effectively spend another billion or $2 billion in a money-drenched election year? “There’s only so much airtime you can buy.'”

    Jim McLaughlin, a Republican strategist who worked as a consultant on Bloomberg’s mayoral campaigns, doubts Bloomberg will really spend nine figures this year, suspecting he is dangling the promise of the massive payout mainly to curry favor with Democrats.

    “Do I think he can spend $2 billion? Of course. Do I think he will? No,” McLaughlin said.

    And he questioned the impact of that money, either way.

    After all, the most expensive presidential campaign in history was Hillary Clinton’s in 2016, and she wasn’t able to stop Trump, though she did win the popular vote. She spent almost twice what Trump did per electoral vote won.

    “Donald Trump was significantly outspent,” McLaughlin said, “and at the end of the day, it didn’t matter.”

  • South Bend, Indiana Mayor Pete Buttigieg: In. Twitter. Facebook. He’s still the other white meat:

    When Pete Buttigieg holds “big rally type events” in South Carolina, “it’s mostly white folks showing up,” he acknowledged ruefully Thursday night. And his struggle to fix that problem has become an existential threat to his presidential ambitions.

    Buttigieg’s low standing with black voters has been a long-running theme, and as he and his campaign argued that he simply wasn’t well-known enough, it is one he has worked to correct. Over the past month and a half, he has invested more money advertising in South Carolina, where a majority of Democrats are African American, than any of the non-billionaire Democrats running for president.

    But the more than $2 million Buttigieg poured into TV and radio ads, some featuring black supporters touting the former South Bend (Ind.) mayor, hasn’t budged his stubbornly low poll numbers in the state — 2 percent among African American Democrats in a recent Fox News poll.

    Goes on a Fox town hall. Twenty questions with New York Times, in annoying video snippet format. “Buttigieg warns that Sanders could alienate GOP and independent voters.” He’s not wrong. “Please clap.”

  • Former First Lady, New York Senator, Secretary of State and losing 2016 presidential candidate Hillary Clinton: Probably not? She really hates Bernie.

    “I just don’t want him to get out there and say the revolution is working, [that] people ‘felt the Bern,’” she says, before quickly leaving the room to beat him to a speech. Clinton adds that she found his socialist proposals unrealistic and phony. “I had people in my campaign say, ‘Just say ‘‘Free college.’’ Millennials love it,’ ” she says. “And I said ‘no.’ ”

    Whenever Sanders is onscreen, his underscoring is brooding and villainous, like Darth Vader just took off his helmet for a breather. In a hallway before a debate in New Hampshire, Sanders asks a tense Clinton how she feels about his suit. “Buttoned or unbuttoned?” he says. Irked, she tells him to undo the button as soon as he gets “worked up.”

    Last week, it was revealed that Clinton said of her former rival in the doc: “Nobody likes him, nobody wants to work with him, he got nothing done. He was a career politician. It’s all just baloney and I feel so bad that people got sucked into it.”

    You would not believe how black that pot is! Here’s a Truthout commentator who thinks she’s running.

    In the interview, Clinton is asked if she has considered jumping into the 2020 presidential race. “I have had so many people [urge me to],” she replied. “Every day. And I’m grateful for people’s confidence, but I did think it was right for me to step back. I’ll do anything I can to defeat the current incumbent, and to reverse a lot of his damaging policies. Thankfully, I still have a voice and a following.”

    I can’t simply dismiss this as another example of a politician who doesn’t know when to recede. I don’t believe this is just Clinton acting out because Iowa can’t throw a party without inviting her. This interview, and that pointedly vicious quote about Sanders, will explode the rift between the progressive candidates and the establishment candidates on the doorstep of the season’s first caucus. It will exacerbate the tensions already in place to a clamorous degree.

    I believe it is deliberate on two levels. First, this is the establishment standard-bearer jumping into the fray in a moment when the establishment is conspicuously worried about the campaigns of Sanders and Warren. I have been nursing a fear that the Democratic Party might prefer a Trump victory over losing control of the party, and this sudden broadside from Clinton has only exacerbated those concerns.

    He may be right, but he omits the other probably-even-more-true side of that equation: The radical left may also view losing to Trump acceptable if it means gaining control of the party. This is precisely the scenario that played out in Texas as it went from a one-party Democratic state to a one-party Republican state.

    Second, Hillary is slated for release in March, an enormously important month that will see 29 primaries and caucuses take place in both the states and the territories. Super Tuesday falls on March 3, and will include make-or-break primary votes in California, Texas, Virginia, Michigan, Florida, Illinois, North Carolina and Ohio….Hillary Clinton seems to be hoping for a brokered Democratic convention so she can offer herself up as the “reasonable” compromise candidate.

  • Former Maryland Representative John Delaney: In. Twitter. Facebook. Edward-Isaac Dovere asks “John Delaney Is Still Running. Why?” (First, let me check and make sure I didn’t run this article last week…nope, not a dupe. OK then.)

    WHAT CHEER, Iowa—Don’t let the name fool you: What Cheer is a dreary little town. Other than the gas station, the most notable place in the city is an old building that apparently used to house the What Cheer Telephone Company, whatever that was. Today, cheap white curtains are drawn across the windows. It looks like someone is living there.

    John Delaney is here at dusk on a Friday night in January because he’s still running for president. Did you know he was running for president? Probably not. If you did once know—Delaney was actually the first Democrat to declare his candidacy, way back in July 2017—you probably forgot. And if you did know he was still running, the question you’re probably asking is the one I am here to explore: Why? Why is a candidate who’s barely registering in any poll still traipsing across Iowa day after day when he has absolutely no chance of winning, or even of seeming like more than an outlying blip on the radar?

    I’ve wondered that myself for months. But the Delaney campaign is like the This Is Spinal Tap of Presidential campaigns:

    Today began with an event at a pizza place in the small central-Iowa city of Montezuma, which 12 people attended. This evening, the door-knocking starts at a house across the street from the old telephone-company building. No answer. At the second house, a light in the front hall illuminates a Christmas tree, but no one answers the door here either. Third house, also no answer. Finally, at the fourth house a man wearing pajama bottoms answers the door. After listening to Delaney make his pitch for six or seven minutes, he says that while he’s committed to voting for a Democrat in the general election, he’s not planning to caucus—and that if he was, he’d probably go with Andrew Yang, because he likes Yang’s proposed Freedom Dividend, his signature policy of providing a guaranteed basic income of $1,000 a month to all Americans.

    “But that can’t happen!” Delaney says.

    It’s quickly evident that Delaney can’t get this voter, but courtesy dictates that he now listen politely while the man talks about how he wants to fix up the shed across the road.

    After that, Delaney’s small caravan, a big blue-and-red bus trailed by a car, rolls on. No one is home at the next two houses. When a woman pulls into the driveway of the second house, Delaney’s campaign manager tries to talk to her, but she walks in the back door and doesn’t come out again. Up a hill and around a corner is another house that the campaign staff have identified as belonging to a Democratic voter. An old man opens the door. He says he’s recovering from eye surgery but that he doesn’t like Donald Trump and is happy to talk. Finally—a prospect! He says the main thing he’s looking for in a candidate is honesty. Delaney makes his pitch, but the man is soon trying to wrap up the conversation. “Hope you do well,” the man says. Delaney invites him to a free dinner that the campaign is hosting the next town over. The man just smiles noncommittally.

    At this late stage of a very long presidential campaign that has by any conventional measure been remarkably unsuccessful, this actually counts as a pretty good hour for Delaney. How, I asked him as he walked away from the old man’s house, does he keep his head up?

    “I’m disappointed it hasn’t gone better, but I think it’s a privilege to do this,” he said. “I meet people who are really struggling. And I realize, you know, I have really no problems. And the opportunity to make a difference in people’s lives is—what better way to spend my time?”

    Has a Union-Leader op ed where he says that “Divisiveness is America’s biggest hurdle.” If only the political party whose nomination he’s running for could bring themselves to accept the results of the 2016 election…

  • Hawaii Representative Tulsi Gabbard: In. Twitter. Facebook. Calls for ending the war on drugs. CNN screws Gabbard out of a town hall, even though Deval “0” Patrick gets one. She’s betting on independents and Trump supporters in New Hampshire. Eh, it’s a strategy, but I’m pretty sure she loses that bet. Talks about her lawsuit against Hillary.
  • Minnesota Senator Amy Klobuchar: In. Twitter. Facebook. Enjoying a little boomlet? Yeah, but “little” as in “maybe 5th place on a good day.” Gets the same annoying video format 20 questions with the New York Times. Endorsed by the Union-Leader. As one of the country’s few remaining conservative newspapers, I don’t think that will have much sway on Democratic Party voters.
  • Former Massachusetts Governor Deval Patrick: In. Twitter. Facebook. Evidently it’s “Edward-Isaac Dovere interviews no-hopers week,” because he did the same for Patrick:

    Pretty much everyone hates what the Democratic primary race has become. It’s gone on too long, cost too much money, and tended to reward people who’ve been repeating the same lines for years. Pretty much everyone also hates the debates. (How many people watched last week’s debate and saw a future president? How many people saw someone who they’re confident can beat Donald Trump?) And pretty much everyone hates what the process has churned out: A Des Moines Register poll three weeks before the Iowa caucuses, and 14 months after the campaign started, showed that 60 percent of people still hadn’t made up their minds. The New York Times endorsed two candidates. “People like the field, but I don’t think they feel that great about the front-runners,” John Delaney, who is still winding down the final days of his own candidacy, told me a few weeks ago. New York magazine’s latest cover headline nailed the Democratic panic: “Well, Here We Are.”

    And here I am, in the lobby restaurant of a Marriott, with a candidate who’s telling me it’s not too late to do something about all this. Deval Patrick says voters have been telling him directly that they like him, that they’re ready to go with him, or at least consider him. “I meet donors who say, ‘I am so there; I just want to see this in the polls, and then I want to bundle for you.’ What are you waiting for? If you already think I contribute something that the rest of the field doesn’t, why are you waiting for permission from pundits, pollsters, the party, somebody else?” Patrick said. I’ve heard the same thing from people who’ve been thinking about writing checks. More often, I’ve heard people tell me that they can’t bring themselves to be a part of this.

    When the lights in the lobby keep swelling high and low, and the manager comes over to apologize, he doesn’t recognize the former Massachusetts governor. Neither does the waiter.

    That’s the problem for Patrick. He got in a year later than he was planning to, because his wife was diagnosed with cancer in late 2018. Then he spent this past fall stressing about how far off course the primary race seemed to be spinning, before deciding in November to go for it. That’s a whole year he didn’t spend getting better known, or building any kind of organization. By the time he did jump in, he had to argue with campaign staff he’d never met before about whether to spend days chasing the media exposure they said he needed or follow his gut and campaign more deliberately, one on one, the way he had in his first race, when he’d pulled off his out-of-nowhere win for the governorship of Massachusetts. He’s annoyed about old friends and supporters who’ve been smiling to his face—and then telling reporters like me that they’re heartbroken to see what a flop his campaign seems to be so far.

    Not sure “flopping” is quite accurate, since flopping usually makes a sound. He announced support for slavery reparations, because of course he did. That worked out so well for Kamala Harris…

  • Vermont Socialist Senator Bernie Sanders: In. Twitter. Facebook. Joe Rogan endorses Sanders…and is immediately smeared as a white nationalist. “Bernie Sanders Welcomed As Newest Member Of Alt-Right After Joe Rogan Endorsement.” “Bernie Sanders isn’t a ‘democratic socialist’ — he’s an all-out Marxist.” Oh come on! We all know “Democratic Socialist” is just what Marxists call themselves until they get into power.

    His rise clearly troubles establishment Democrats who are uneasy with his far-left agenda. Among Sanders’s most notable detractors are mainstream Democrats Barack Obama and Hillary Clinton. The former president, for instance, is reported to be so “anxious” about Sanders’s standing that he’s contemplating publicly repudiating him (although some Obama allies deny this account).

    Obama and Clinton may have unwittingly contributed to Sanders’s rise, but they are right to be concerned. The man has no business being anywhere near the Oval Office — not even on a guided tour. The fact that the socialist senator is considered a national leader is a disgraceful blemish on the Democratic Party, a party once comprised by men such as John F. Kennedy, who fought communists, while Sanders defended them.

    President Donald Trump defends Sanders over the Warren flap. Live view of Democrats:

    Can anyone stop Sanders?

    We’ve seen a rash of establishment-minded Democrats speak out against Sanders in recent weeks, but polls suggest it’s done little to stop his rise. The Vermont senator was at or near the top of several early state and national primary polls over the weekend. We’ve heard everyone from Pete Buttigieg to Rahm Emanuel raising concerns about Sanders’ ability to beat President Donald Trump and help vulnerable down-ballot Democrats this fall, even as passionate progressives rally behind him. For now, establishment Democrats are girding for a fight. And the ghosts of 2016 are screaming.

    “The ghosts of 2016 are screaming” sounds like an impressive turn of phrase, until you realize that it’s either meaningless, or can mean any of a dozen contradictory things. Is Sanders going to wound Biden so badly he can’t win? Is Trump being underestimated again? Are the shades of Prince and David Bowie going to rise up to haunt the race? “Sanders Apologizes to Biden for Bringing Up Biden’s Corruption Problem.” Bernie takes on JPMorgan CEO Jamie Dimon for daring to dis socialism. He has Alexandria Ocasio Cortez out on the trail for him as a surrogate in Iowa. BoldMoveCotton.jpg.

  • Billionaire Tom Steyer: In. Twitter. Facebook. He’s one of the few candidates still schlepping around Iowa a week before the caucuses, due to either the impeachment farce or other candidates having gone all-in on New Hampshire. Can you imagine the glorious screw-job Steyer would wreck on the race if he won or even placed in Iowa? Deeply unlikely, but stranger things have happened in politics. Can he win Nevada? Since Bloomberg didn’t make the ballot, possibly. And I love this photo of him:

    Yep, another New York Times video 20 questions. Calls for marijuana legalization and opioid decriminalization. Good for him. But his idea to eliminate cash bail is a horrible one.

  • Massachusetts Senator Elizabeth Warren: In. Twitter. Facebook. Warren has no answer for Iowa dad who paid for his daughter’s education rather than getting bailed out by the government. “My daughter is in school,” he said. “I saved all my money just to pay student loans. Can I have my money back?” Warren replied, “Of course not!” (Hat tip: Ed Driscoll at Instapundit.) Panderwatha. NYT 20 questions. Does the Des Moines Register endorsement matter? Their answer is “Sort of, maybe.” I suspect not.
  • Venture capitalist Andrew Yang: In. Twitter. Facebook. He qualified for a February 7 debate in New Hampshire, joining Sanders, Biden, Warren, Buttigieg, Klobuchar and Steyer. Marianne Williamson endorsed Yang. 20. He tells the DNC they should let Fox News host a debate. Agreed.
  • 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
  • Losing Georgia gubernatorial candidate Stacey Abrams
  • Actor Alec Baldwin
  • New Jersey Senator Cory Booker (Dropped out January 11, 2020)
  • Former California Governor Jerry Brown
  • Ohio Senator Sherrod Brown
  • Montana Governor Steve Bullock (Dropped out December 2, 2019)
  • Former one-term President Jimmy Carter
  • Pennsylvania Senator Bob Casey, Jr.
  • Former San Antonio Mayor and Obama HUD Secretary Julian Castro (Dropped out January 2, 2020)
  • New York Governor Andrew Cuomo
  • New York City Mayor Bill de Blasio (Dropped out September 20, 2019)
  • Los Angeles Mayor Eric Garcetti
  • New York Senator Kirsten Gillibrand (Dropped out August 29, 2019)
  • Former Tallahassee Mayor and failed Florida Gubernatorial candidate Andrew Gillum
  • Former Vice President Al Gore
  • Former Alaska Senator Mike Gravel (Dropped out August 2, 2019)
  • California Senator Kamala Harris (Dropped out December 3, 2019)
  • Former Colorado Governor John Hickenlooper (Dropped out August 15, 2019; running for Senate instead)
  • Former Attorney General Eric Holder
  • Washington Governor Jay Inslee: Dropped Out (Dropped out August 21, 2019; running for a third gubernatorial term)
  • 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
  • Massachusetts Representative Seth Moulton (Dropped out August 23, 2019)
  • Miramar, Florida Mayor Wayne Messam: (Dropped out November 20, 2019)
  • Former First Lady Michelle Obama
  • Former West Virginia State Senator Richard Ojeda (Dropped out January 29, 2019)
  • Former Texas Representative and failed Senatorial candidate Robert Francis “Beto” O’Rourke (Dropped out November 1, 2019)
  • New York Representative Alexandria Ocasio-Cortez (constitutionally ineligible)
  • Ohio Representative Tim Ryan (Dropped out October 24, 2019)
  • Former Pennsylvania Congressman Joe Sestak (Dropped out December 1, 2019)
  • California Representative Eric Swalwell (Dropped out July 8, 2019)
  • Author and spiritual advisor Marianne Williamson (Dropped out January 10, 2020)
  • Talk show host Oprah Winfrey
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