Friday, September 18, 2020

NANCY PELOSI TO JOE BIDEN - WHILE YOU'RE NAPPING IN THE WHITE HOUSE BASEMENT JILL BIDEN AND KAMALA WILL REIGN WHILE OUR BANSTERS RULE!... GOT IT?

 

So, How Do They Dump Biden?

Kurt Schlichter

As the Democrat presidential campaign degenerates into “Weekend at Gropey’s,” a question arises: Assuming the Dems and their media minions somehow drag that rickety, basement-dwelling weirdo across the finish line, how do they get rid of him post-inauguration? Clearly, he would be a figurehead as Dr. Demento – sorry, Dr. Jill – and Kamala Harris joust for control before a backdrop of scheming pinko puppetmasters. But sooner or later, probably sooner, the Dem elite is going to try to put him out to pasture. How could they pull it off? And can they? Let’s see…

A few caveats: I think Donald Trump is going to win, so this is all hypothetical. The only bright spot for the Dems is the garbage polls his lying mainstream media allies keep pushing, and the liars are even having to concede that those are tightening, especially in states that matter. We’re days away from them pulling Grandpa Badfinger out of the debate. My money is still on the “I won’t normalize Trump’s racist cisgender sexism by appearing on stage with him” excuse, but “I fear the flu” is a close second. His recent catastrophic appearances outside his dungeon lair demonstrate that this guy couldn’t hack a debate if he was snorting rails of Namenda like Hunter hoovering blow on New Year’s Eve in Medellin. Trump holds an indisputable edge in other important areas, too, like enthusiasm, ground game, and continence.  

I also want to put aside the very serious issue of the Democrat transition disruption plans, a plot so staggeringly unwise that only our garbage elite could conceive of it and think it would work out all right for them. Their dual track strategy of stealing the election through legal and extra-legal shenanigans, followed by cementing their own power via attacks on the Supreme Court, the Electoral College, giving statehood to territories, defunding cops, and disarming the populace even as they attempt to limit free speech are a recipe for disaster. So, let’s put aside the second civil war these fools seem intent on provoking – our esteemed elite does not seem to remember that Democrats are already 0-1 – and assume the peaceful transition of power they would deny Trump (and you).

Let’s focus on how they try to get rid of Bad Touch Biden should they win, because it’s pretty obvious that he can’t function as president, and it’s pretty obvious that other people want that gig. They are sharpening their knives already.

There is one huge problem with getting rid of him: his wife. She wants to be president so bad she can taste it, and she’s more excited to be president – uh, I mean first lady – than Brian Stelter, who is a potato, is at the thought of visiting Golden Corral. She’s going to do everything she can to be a limo lib Edger Bergen to her husband’s less-animated Charlie McCarthy. Moreover, the Joe Junta of advisors wants its payoff. With Depends Boy as figurehead, they not only get jobs but they get a whole lot of lightly supervised power. So, there will be a potent Dem faction supporting the Presidency of the Living Dead.

But others in the Dem elite want Oldfinger out of the way. Of course, Kamala Harris is the grasping, striving avatar of this faction. She’s already talking about “a Harris Administration.” If I were Dr. Jill, which would be weird, I’d send some intern out to start Air Force One in the morning and hire a taster to clear Joe’s mornin’ mush. Now, am I saying that Kamala Harris would physically harm Joe Biden? Let’s just say that I’d rather gulp down Ruth Gordon’s smoothies in Rosemary’s Baby than roll those dice. 

Regardless, she (and the Democrat establishment using the crusty crustacean as a Trojan Horse to retake power) will want be rid of him. The 25th Amendment is the most obvious play. And, frankly, it would be legit, since he is manifestly incompetent, not that stuff like facts and truth matter in modern politics. 

The 25th Amendment, one of the rare parts of the Constitution that Democrats like, has been their fantasy Hail Mary play since Trump beat Felonia Milhous von Pantsuit. It is worth reviewing the entire process for replacing the president as outlined in Section 4, since, if America is dumb enough to elect the Dementiacrat in seven weeks, we’ll all be getting really familiar with it:

Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Thereafter, when the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that no inability exists, he shall resume the powers and duties of his office unless the Vice President and a majority of either the principal officers of the executive department or of such other body as Congress may by law provide, transmit within four days to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office. Thereupon Congress shall decide the issue, assembling within forty-eight hours for that purpose if not in session. If the Congress, within twenty-one days after receipt of the latter written declaration, or, if Congress is not in session, within twenty-one days after Congress is required to assemble, determines by two-thirds vote of both Houses that the President is unable to discharge the powers and duties of his office, the Vice President shall continue to discharge the same as Acting President; otherwise, the President shall resume the powers and duties of his office.

So, here is how it goes. President Biden gets inaugurated showing up for the ceremony in his untied bathrobe and confusing the oath with the Armour hot dogs jingle. Very quickly, Dr. Jill and the Biden Bunch start running things in his name while he spends his day upstairs in the Lincoln Bedroom, sitting on a stool, watchin’ his stories. The media gets busy covering for him because no contrary memo has circulated.

They ice out Kamala, who tries to assert control. Instead of wielding power, she’s sent off to do veep stuff, like appear at the bar mitzvah for the nephew of the High Poobah of Burkino Faso. This annoys her, and her allies – remember, due to her notorious flexibility, she is the candidate Obama and the establishment really wanted.

The trigger for the coup will be when Biden’s handlers are unable to push through the entire lefty agenda through Congress in the first 100 days. Banning guns, packing the Supreme Court, single-payer, Green New Scam. Assuming the worst case, that Schumer takes the Senate majority, they have to kill the filibuster and outmaneuver Cocaine Mitch to do all that. They need an active, potent president, and the one they are stuck with is busy slurping oatmeal.

The rush to the left bogs down because Biden can’t lead. The Democrat base starts getting restless, and it accurately assesses that the problem is that they nominated and elected a senile old weirdo. Dr. Jill gets a visit from a delegation of Dem bigwigs who tell her it’s time for him to resign. She refuses. She probably does not even let them see Joe, who is busy with a puzzle.

A decision is made: Kamala needs to take over. 

The cabinet is full of folks like Pete Buttigieg, and with the aggressive action one would expect of the Audie Murphy of Kabul, he leads the other cabinet members (all of whom imagine they could be the next veep) to declare in writing that Joe is unable to discharge the powers and duties of his office. Kamala takes over as acting president.

But the fight has only just started. Dr. Jill and the Biden Battalion send their own letter to the President pro tem and the Speaker of the House denying any disability. Within four days, Kamala and the cabinet send their response saying the opposite. Now Congress has to decide the issue. It assembles within 48 hours and has to vote within 21 days on whether Biden gets booted.

That’s when the snapping Murder Turtle bites hard. See, to remove Joe and permanently install Kamala, you need “two-thirds vote of both Houses that the President is unable to discharge the powers and duties of his office.” McConnell now holds all the cards. There's no two-thirds without his GOP bloc. He goes to Dr. Jill and says, “You chill on the leftism, and we let President Magoo – and you – run out the clock until 2024.”

Of course, she agrees. She’s got no choice. It’s either run a center-left presidency without the insane leftist nonsense Diddles ran on, or pack her stuff and get the hell out. That’s an easy call. President Biden gets to stumble through the next four years while Kamala gets to spend her terms doing potlucks with el Presidente de Paraguay.

Think it can’t happen?

 That crazed, manic cackle from Kamala Harris...

We often talk of Joe Biden's diminished mental state, characterized by his inability to hold a thought and tendency to fly off the handle in frustration, but has anyone questioned the similar issues of his running mate?

See for yourself if this encounter with Biden's vice presidential candidate, Kamala Harris, looks normal:

She bursts into a deep, continuous belly laugh on the question of whether children should be going back to school, in two bursts, both inappropriate in their context and unnerving to others as a result.  If you heard someone on the bus doing that, you'd move to another seat. 

It's not the first time she's done it, either.  Here she was on Stephen Colbert's show, asked about her harsh scoring of Biden himself at one of the presidential debates:

Strange extended cackling laughter there, too.

It make one wonder if something is just a little off about her. 

What does psychology say about people who burst into inappropriate laughter?  According to Wikipedia, what's called "paradoxical laughter" could be a sign of bipolar, mania, hypomania (where a person is in a manic state but is outwardly normal), or schizophrenia.  We can probably rule out the last item, but she might be a candidate for one of the two formers.  The bipolar spectrum often involves feelings of grandiosity and then deep lows, which wouldn't be utterly surprising for someone in the political arena.  It also has roots in mood disorders such as depression — and with Kamala's record of fakery (fake Twitter followers, a curious election that flipped in her favor at the last minute), she might inwardly feel like a fraud.  But most people in politics don't slide into episodes of manic laughter as she does.

Whatever it is, and perhaps is none of this, it seems to suggest she's handling the pressure of being a candidate badly.  Nobody does that kind of manic laughter without being thought a little off.  In her case, it's a particularly disagreeable cackle, which is bound to turn some voters against her even more.

As James Woods points out, it's strange that her handlers haven't said anything.  That may well be because she's famously difficult to work with, based on the leaks that came out during her primary campaign, another sign of potential personality disorders.

Does Harris have a mental health issue she's not disclosing?  Combined with Joe, whose mental faculties are failing, it's worth it for voters to know.  Maybe someone should ask her.


Why Kamala Harris will lose in November



In a bit of chutzpah worthy of Hillary Clinton, Kamala Harris told Americans during a roundtable to be ready for "a Harris administration, together with Joe Biden as the president of the United States."  She quickly corrected herself, but by then, Humpty-Dumpty had crashed to the ground.

A day later, talking about jobs and educational programs for military members and their families, Biden said this:

For example, making it easy to carry your professional credentials with you from one state to another when your spouse moves.  Harris-Biden administration is going to relaunch that effort and keep pushing further to make it easier for military spouses and veterans to find meaningful careers[.]

What's going on here?  Here are some scenarios.  Take your pick.

  • Biden and Harris are both addle-brained; it's just a matter of degree.
  • Joe is scared of Harris and the left generally and didn't dare correct her.
  • Joe's wife wears the pants in the family, so he's used to being second.
  • Joe was just reading from a script as usual, doing as he's told.
  • Joe was afraid of being accused of sexism and/or racism if he corrected Harris.
  • Harris thinks she's already in charge and doesn't need to clear anything with the Biden people.
  • Harris was admitting what everyone knows: Biden is senile and won't be making decisions in their administration.
  • Joe is often confused.  He doesn't know where he is, which day it is, whether it's about Iraq or Iran, and so on.
  • Joe was predicting who'll be running the show.
  • Biden sees Harris as a female Obama and obediently put himself second, which is where he was for eight years.  Old habits die hard.

Though you didn't see this admitted on CNN or the rest of them, one key reason Hillary Clinton lost the election is that millions of Americans perceived Clinton, correctly, as an ambitious, heartless, corrupt, arrogant harpy.  These attributes are also present in Harris, who is an AA/EOE "twofer" to boot: female and "person of color."  The latter is why she got the V.P. spot, despite dropping out after a disastrous campaign for the top position.

Americans absolutely detest arrogant politicians.  A "Harris-Biden" or "Biden-Harris" administration is delusional.  Forget about polls and other propaganda nonsense on the news, including Fox, claiming that the election will be close.  It will be a blowout, because it's about sheer survival.  The choice is simple: the rule of law or anarchy. Without blue lives, whom Republicans love and Democrats hate, we are at the mercy of the "mostly peaceful protesters" coddled by the Democrat press.  We can't afford the security details Nancy Pelosi and Chuck Schumer have, paid for by taxpayers.

Democrats have done absolutely nothing to disavow the rioting and the looting.  On the contrary, there is a widespread and correct perception that they encouraged the mayhem, calculating that it would help elect them.  This should boomerang and result in the removal of Nancy Pelosi as House speaker.  President Trump will be able to work even more miracles with full congressional support during his second term.


 

ALL BILLIONAIRES ARE GLOBALIST DEMOCRATS. ALL BILLIONAIRES WANT AMNESTY AND WIDER OPEN BORDERS. ALL BILLIONAIRES WANT NO CAPS ON IMPORTING CHEAPER FOREIGN WORKER.

 

Further, the dubious choice of Kamala Harris as the vice presidential nominee was made solely to placate and reassure Wall Street and the wealthy, as she was viewed by them as being very deferential to the mega-rich class based on her days in California. 

 

ALL BILLIONAIRES ARE GLOBALIST DEMOCRATS. ALL BILLIONAIRES WANT AMNESTY AND WIDER OPEN BORDERS. ALL BILLIONAIRES WANT NO CAPS ON IMPORTING CHEAPER FOREIGN WORKER.

 

Further, the dubious choice of Kamala Harris as the vice presidential nominee was made solely to placate and reassure Wall Street and the wealthy, as she was viewed by them as being very deferential to the mega-rich class based on her days in California. 

Millionaire Democrat Donor Says Joe Biden Will Be Good for Wall Street

Scott Olson/Getty Images

15 Sep 2020395

2:53

A millionaire Democrat donor, who was once listed as a billionaire by Forbes, says Democrat presidential candidate Joe Biden will be good for Wall Street in the long run.

Michael Novogratz, the former Goldman Sachs executive and hedge fund manager, told CNBC in an interview that while a Biden win against President Donald Trump may initially drag the market down, Wall Street will stand to benefit.

“I think Biden’s going to win. I hope Biden wins,” said Novogratz, who now runs an investment firm. “But if he wins, I think the market will go down, at least initially because he’s going to raise capital gains tax … he’s going to raise corporate taxes some and he’s going to raise personal income tax.”

“I think it’s probably better for the markets [if Biden wins] because the chaos Trump brings every week, every day just gets tiring,” Novogratz said.

Novogratz donated $200,000 to the Biden Action Fund in June.

Despite endorsements from Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA), Novogratz said Biden and running mate Sen. Kamala Harris’s (D-CA) platform “sounds a lot more conservative than the Republican team when you’re talking about their plans.”

“There’s going to be so much pressure to start redistributing wealth whether it’s paying for college, paying for loans, if it’s Medicare for All,” Novogratz said. “Those are things the Democrat Party cares about and there’s going to be pressure and maybe we’re not going to get all of those but we’ll be heading in that direction. So I don’t see our deficits miraculously collapsing.”

Biden and Harris have sought to distance themselves from their large Wall Street backing in recent weeks. Although Biden blasted Wall Street executives in a town hall with the AFL-CIO union, a new report revealed that the former vice president’s campaign has assured Wall Street donors that his administration will maintain an economic status quo to their benefit.

This month, Biden touted Wall Street’s support for his plan to abolish America’s suburbs by seizing control of local zoning laws to construct housing developments and multi-family buildings in neighborhoods. Likewise, Wall Street is fully behind Biden’s plan to hugely expand legal immigration levels, beyond already historical highs at 1.2 million green cards and 1.4 million visa workers a year.

The Biden-Harris ticket has elated Wall Street so much that for the first time in a decade, more financial executives are donating to the Democrat candidates than Republicans, the latest Center for Responsive Politics analysis reveals.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.

  

Biden’s Billionaires

 

By Steve McCann

Many years ago, while participating in a voter registration drive, I came upon a grizzled and disheveled old man sitting in the overgrown and weed-infested yard of his paint-starved house calming smoking his pipe.  Despite his gruff demeanor, Ully (Ulysses) was very pleasant and loquacious as we talked for over an hour on topics ranging from the weather to the innate foibles of mankind.  It turned out that he had to leave school after the fourth grade in order to work in the fields to help support his family and had toiled in a variety of menial and labor-intensive jobs ever since.  Yet, he had a deep and thorough insight into human nature.  Among his comments about the rich and ostensibly well-educated was: “All the money in the world cain’t buy a fool a lick of common sense.”

I was reminded of that observation after reading an article describing the 131 billionaires who are pouring millions into the coffers of the Democrat party and Joe Biden’s campaign in their mindless obsession to defeat President Trump in November.  Among the prominent names are Jeff Skoll, a founder of eBay who has contributed $4.5 million; Laurene Powell Jobs of Apple and owner of The Atlantic magazine has donated $1.2 million,  and Josh Bekenstein, Chairman of Bain Capital (co-founded by Mitt Romney), $5 million.  

Far more Wall Street financers have also jumped on the Biden/Democrat party bandwagon than are supporting Donald Trump, whose policies have overwhelmingly revived the economy after the stagnation of the Obama-Biden years. The tech billionaires, not content to simply cough up untold millions in direct political contributions, are also funding massive voter drives, promoting mail-in balloting, creating divisive partisan news sites, aiding and designing the Democrat party’s digital campaigns and unabashedly censoring the social media accounts of the Trump campaign and innumerable conservatives. 

The political party they are gleefully underwriting in order to oust Trump is no longer the party of the middle and working class (which is now one and the same) but a two-tier assemblage in which the prey is sleeping with the predator.  The witless wealthy and socially aware are in bed with the avowed socialists and militant Marxists.  What is holding this marriage of convenience together is a mutual hatred of Donald Trump and the undoable promises made by Joe Biden and the Democrat party hierarchy.

In a 2019 meeting with 100 super-wealthy potential donors, Biden assured the gathering that he would not demonize the rich and would only increase their taxes slightly while ensuring that their standard of living would not be affected by any of his policies.  He also stated: “I’m not Bernie Sanders.  I don’t think 500 Billionaires are the reason why we are in trouble”.  Further, he unabashedly emphasized that the wealthy are not the reason for income inequality and “If I win this nomination.  I won’t let you down.  I promise you.”  

Further, the dubious choice of Kamala Harris as the vice presidential nominee was made solely to placate and reassure Wall Street and the wealthy, as she was viewed by them as being very deferential to the mega-rich class based on her days in California. 

When the time came to deal with the Marxist/socialist wing of the Democrat party’s anti-Trump coalition, policy commitments, many diametrically opposite of what was promised the wealthy donors, were also guaranteed with a non-verbal pledge of we won’t let you down.

The first step was a de facto party platform.  The 110-page Biden-Sanders Manifesto which includes, among other commitments, a massive job killing $2+ trillion climate agenda to phase out fossil fuel usage within 15 years, the elimination of cash bail, redirecting (i.e. cutting) funding for the police, dismantling all border protections, legalizing virtually all illegal immigrants and massively raising corporate and individual tax rates on the wealthy.  This manifesto is a socialist screed that would destroy the middle class and permanently neuter the economy and nation. 

An effusive Bernie Sanders proclaimed to the world that Biden and the Democrats have embraced his socialist agenda and that Biden would be the most progressive president since FDR.  Sanders exposed not only the behind the scenes reality of today’s Democrat party but Biden’s figurehead role.

Further confirmation of the radicalization of the Party came about unexpectedly as the militant Marxist faction of the Sanders coalition forced the issue.  Impatient and unwilling to wait until after the 3rd of November, Antifa and Black Lives Matter used the death of George Floyd as a pretext to take to the streets and begin their long-hoped for revolution.  They claimed that rioting, looting, committing arson and attacking law enforcement was a necessity as this was a systemically racist country.  Yet, they openly demanded immediate changes rooted in their radical Marxist ideology of class warfare not so-called systemic racism.  As two of their preferred chants and graffiti slogans “eat the rich” and “abolish capitalism now” confirms. 

Biden, the Democrat party hierarchy as well as virtually all Democrat elected officials refused to address the violence and those responsible.  Thus, they tacitly approved of the lawlessness and by doing so flashed a green light to continue the riots.  When forced to acknowledge the reality on the streets of the nation’s cities, they instead blamed Trump, the police, white supremacists and even the Russians.  Due to their spinelessness, the armies of anarchy and revolution Biden and the Democrats unleashed will never be defeated or mollified by them.   

Considering the vast dichotomy in the litany of promises made and actions taken, it is inevitable that either the moneyed elite or the mob of passionate true believers will be betrayed.  There is no middle ground.  Who will prevail? 

Will it be the elites whose only weapon is money and fleeting political influence or the passionate mob whose weapons are unconstrained violence and intimidation?  Will it be those who believe a revolution could never happen here or those who are currently inciting revolution with the implicit blessing of a major political party?  Will it be those who believe that Biden and the Democrats, if elected, will be able to forcefully deal with the insurgents or the insurgents who now know that riots and extortion causes Democrat politicians to cower in the corner?

Beginning with the French Revolution and throughout the 19th and 20th centuries, history has recorded that passionate mobs always prevail when dealing with a feckless ruling class or party.  And the first casualties have inevitably been the wealthy elites.

I can envision sitting with my old friend, Ully, and asking him if he thought the wealthy elites, indiscriminately tossing money at the Democrats for the sole purpose of defeating President Trump, understood the pitfalls involved.  He would lean back, slowly exhale a puff of smoke from his well-worn pipe and with uncontrollable anger in his eyes would say: “Nope.  Those damn fools ain’t got a lick of common sense.”

 

Report: Joe Biden Promises Wall Street Donors the Status Quo in Private Calls

OLIVIER DOULIERY/AFP via Getty Images

8 Sep 2020343

3:50

Democrat presidential candidate Joe Biden is promising Wall Street donors the economic status quo that they became used to before President Donald Trump’s administration, according to a report.

An investment banker on Wall Street told the Washington Post that in private calls with financial executives two months ago, Biden’s campaign assured them that talk of populist reforms on the campaign trail was nothing more than talking points.

The Post reports:

When Joe Biden released economic recommendations two months ago, they included a few ideas that worried some powerful bankers: allowing banking at the post office, for example, and having the Federal Reserve guarantee all Americans a bank account. [Emphasis added]

But in private calls with Wall Street leaders, the Biden campaign made it clear those proposals would not be central to Biden’s agenda. [Emphasis added]

“They basically said, ‘Listen, this is just an exercise to keep the Warren people happy, and don’t read too much into it,’” said one investment banker, referring to liberal supporters of Sen. Elizabeth Warren (D-Mass.). The banker, who spoke on the condition of anonymity to describe private talks, said that message was conveyed on multiple calls. [Emphasis added]

In a statement to the Post, Biden’s campaign downplayed the influence of Sen. Bernie Sanders (I-VT) and Sen. Elizabeth Warren (D-MA) — left populists on trade and economic policy — on the former vice president’s agenda.

“The Biden-Sanders task forces made recommendations to Vice President Biden and to the [Democrat National Committee] platform drafting committee,” Biden spokesperson TJ Ducklo said. “This anonymous source appears to be confused and uninformed about this very basic distinction.”

The report comes as Biden told AFL-CIO members on Labor Day that he will be the “strongest labor president” union workers “have ever had.”

“You can be sure you’ll be hearing that word, ‘union,’ plenty of times when I’m in the White House,” Biden pitched. “The words of a president matter. Union. We’re going to empower workers and empower unions.”

In the Democrat presidential primary, Biden told a group of rich Manhattan donors at a private fundraiser that “nothing would change” for them or their wealthy lifestyles if elected.

“I mean, we may not want to demonize anybody who has made money,” Biden said at the June 2019 fundraiser.

“The truth of the matter is, you all, you all know, you all know in your gut what has to be done. We can disagree in the margins but the truth of the matter is it’s all within our wheelhouse and nobody has to be punished,” Biden said. “No one’s standard of living will change, nothing would fundamentally change.”

Like failed Democrat presidential candidate Hillary Clinton, Biden has enjoyed a cozy relationship with Wall Street executives, along with his running mate Sen. Kamala Harris (D-CA).

Most recently, Biden touted Wall Street’s support for his plan to abolish America’s suburbs by seizing control of local zoning laws to construct housing developments and multi-family buildings in neighborhoods. Likewise, Wall Street is fully behind Biden’s plan to hugely expand legal immigration levels, beyond already historical highs at 1.2 million green cards and 1.4 million visa workers a year.

The Biden-Harris ticket has elated Wall Street so much that for the first time in a decade, more financial executives are donating to the Democrat candidates than Republicans, the latest Center for Responsive Politics analysis reveals.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.

 

 

As Bloomberg pledges $100 million, Wall Street boosts Biden campaign

By Patrick Martin
15 September 2020

Billionaire Michael Bloomberg has pledged to spend at least $100 million to support the campaign of Democratic presidential candidate Joe Biden in Florida. This announcement Sunday is only the largest pledge of support from the financial oligarchy for the Democratic campaign.

Bloomberg aide Kevin Sheekey said the pledge of virtually unlimited financial backing to Biden in Florida, the most critical “battleground” state in the 2020 election, “will allow campaign resources and other Democratic resources to be used in other states, in particular the state of Pennsylvania.”

Florida has 29 electoral votes, the most of any closely contested state, following California with 55, overwhelmingly Democratic, and Texas with 38, leaning Republican. New York state, also with 29 electoral votes, is heavily Democratic.

Only once in the last 60 years—Bill Clinton in 1992—has a candidate won the presidency while losing Florida. The last Republican to lose Florida and still win the White House was Calvin Coolidge in 1924, when the state was lightly populated swampland.

Early voting begins in Florida September 24, and Bloomberg’s money will pay for massive campaign advertising on behalf of Biden, in both English and Spanish. Campaign officials said the funds would be devoted almost entirely to television and digital ads.

Former New York City Mayor Michael Bloomberg stands for the pledge of allegiance during a ceremony on Sept. 11, 2020, in New York. (AP Photo/Mary Altaffer)

Even before the Bloomberg commitment, the Biden campaign and supporting Democratic groups had outspent Trump and the Republicans by $42 million to $32 million. The flood of cash from the billionaire media mogul will give the Democrats a three- or four-to-one advantage over the final seven weeks of the campaign.

The efficacy of Bloomberg’s huge financial commitment is open to question. The media billionaire spent $1 billion (a mere one-fiftieth of his gargantuan personal fortune) on his own pursuit of the Democratic presidential nomination. He launched his campaign at a time when he believed Biden’s candidacy was near its demise, hoping that his money might forestall the nomination of Vermont Senator Bernie Sanders.

The sudden revival of Biden’s campaign with his victory in South Carolina in February and then in the Super Tuesday primaries on March 3 led Bloomberg to abandon his own efforts and endorse the former vice president, since their right-wing views on a range of topics, and particularly on foreign policy, were virtually identical.

Since then, Bloomberg has transferred $20 million from his abortive presidential campaign to the Democratic National Committee, as well as pumping in another $120 million to local, state and congressional campaigns, making him by far the largest single backer of the Democratic Party.

Florida is only the most glaring example of the general trend in the 2020 election, in which the financial oligarchy and Wall Street have indicated a distinct preference for Biden and backed it up with heavy financial commitments.

During August, the Biden campaign broke all records for fundraising in a single month, raking in $365 million, nearly double the previous record of $203 million set by the campaign of Barack Obama in September 2008, and more than Hillary Clinton and Trump combined to raise, in August 2016, $233 million. The Trump campaign also broke the Obama record, but its total of $210 million in August was far behind the pace set by the Democrats.

Approximately $205 million of the $365 million came through online donations, including 1.5 million new donors. This is more an indication of the widespread hostility to Trump among millions of working-class and middle-class people than any groundswell of support for Biden, who personifies the corrupt US political establishment, having spent 36 years in the Senate before his eight years as Obama’s vice president.

That means that $160 million—a near-record amount by itself—was raised through large donations from wealthy supporters of the Democratic Party. While Trump continues to rake in the lion’s share of support from industries such as oil and gas, mining and real estate, Biden has collected the bulk of financial backing from the banks, hedge funds and insurance industry.

Under rules set by the Federal Election Commission, a wealthy donor can now give as much as $830,600 to support a presidential candidate, routing much of the money through federal and state party committees rather than the candidate’s own campaign.

The result of the disparity in fundraising throughout the summer is that the Democratic presidential campaign has now caught up with and even surpassed Trump’s war chest. The Trump reelection campaign, despite raising an unprecedented $1.1 billion, has less cash on hand for the fall than the Biden campaign. According to press accounts, more than one-third of the money raised by the Trump campaign was used to pay the expenses of fundraising itself.

There were several reports last week that the Trump campaign was experiencing a “cash crunch,” and was unable to sustain advertising in all 15 of the so-called battleground states. Both the Washington Post and Bloomberg News reported that Trump campaign manager Bill Stepien has halted television advertising in Michigan and Pennsylvania at least temporarily, and that Biden was outspending Trump in nearly every closely contested state.

Stepien replaced Brad Parscale as campaign manager in July, at least in part because of concerns that Parscale had squandered Trump’s substantial initial fundraising advantage.

According to the media tracking firm Advertising Analytics, the Biden campaign spent $17 million in television and digital advertising in nine battleground states during the week of September 3, compared to $4 million by the Trump campaign.

The Clinton campaign outspent Trump by similar margins in 2016, but Trump campaign aides had boasted they would not face such a deficit in 2020. Trump has hinted he would seek to make up the difference from his personal fortune, but there has been no sign yet of any direct outlay by the billionaire to back his own campaign.

 

 

 

No comments: