The line everyone is quoting is Warren’s riposte to John Delaney: “I don’t understand why anybody goes to all the trouble of running for president of the United States just to talk about what we really can’t do and shouldn’t fight for.”
Step back and you can see a media myth being created before your eyes. Everyone’s talking about the zinger, nobody can remember that allegedly unambitious agenda from Delaney that spurred Warren’s response:
I think Democrats win when we run on real solutions, not impossible promises, when we run on things that are workable, not fairy tale economics. Look at the story of Detroit, this amazing city that we’re in. This city is turning around because the government and the private sector are working well together. That has to be our model going forward. We need to encourage collaboration between the government, the private sector, and the nonprofit sector, and focus on those kitchen table, pocketbook issues that matter to hard-working Americans: building infrastructure, creating jobs, improving their pay, creating universal health care, and lowering drug prices.
That’s what makes Delaney such a naysayer and cynic? If the next president built up America’s infrastructure, created jobs, improved take-home pay, created universal health care, and lowered drug prices, would you look at that legacy and lament how timid and unambitious it was? Or would you say, “wow, that was an amazing presidency, I can’t believe so much got done”?
(This is all separate from the question of whether a zinger against one of the least-known, least-discussed, lowest-polling figures in the field really counts as the knockout punch that Warren fans want to believe it is.)
Delaney’s recurring refrain during the debate, particularly in reference to Sanders, was “I’ve done the math, it doesn’t add up,” and “his math is wrong.” The progressives hate him for it. Everyone wants their presidential campaign to be about brighter tomorrows and daring proposals and sunnier horizons and bold visions and all of that. But that doesn’t change the math.
Delaney may have exaggerated when he said that enacting Medicare for All would lead to all hospitals shutting down. But he’s pointing to a real problem. According to the Department of Health and Human Services, “more than two-thirds of hospitals are losing money on Medicare inpatient services and that the average Medicare inpatient hospital margin was -9.9 percent in 2017.” What happens when everyone’s paying through Medicare, and more hospitals are losing money on most of their treatment?
Over at Reason, Alex Muresianu calculates that Warren wants to spend her $2.75 trillion in new wealth taxes on $3.26 trillion in spending. When you use the trillion, it doesn’t look so bad, so let’s rephrase that: after enacting a gigantic new tax hike, Warren wants to spend $51,000,000,000 more. And she continues to insist her taxes will only hit “billionaires and big corporations.”
David A. Graham writes, “[Warren] seemed to be focusing on emotion.” Yeah, no kidding. Every presidential candidate prefers to focus on emotion. Obama talked about “hope” and “yes we can,” Trump vented his spleen and offered a vision of an America that was “great again.” Every candidate wants to focus on emotion because it’s easier than getting the math to add up. You would think the electorate would learn after getting so many consecutive cycles of believing in the next great inspiring hope and then being disappointed by the results.
Emotion is easy. Everybody’s got a sad anecdote about losing someone they loved, or knowing someone who faced an unfair, undeserved hardship. Everybody’s got some inspiring anecdote about someone who fought through adversity and is now living the American dream. Everybody’s heard about some kind of injustice that is technically legal but morally wrong, and that gets an audience’s blood boiling.
You know what kind of people want you to focus on emotion? Salesmen, con artists, cult leaders, and demagogues. Emotion empowered Bernie Madoff; math caught him.
You want to know why you have problems, America? Because you don’t like doing the math. Your checkbook doesn’t add up, you didn’t read the fine print, you didn’t realize how bad the interest rate on your credit card was, you didn’t think your adjustable rate mortgage would adjust so soon, and you can’t believe you agreed to buy that timeshare.