Spotlight Texas

A Record 4.8 Million Texans Voted Early in this years midterm elections.

Image placeholder title

It's hard to say who that favors, but turnout was heaviest in Collin County where nearly 50% of registered voters have already cast their ballots.

Collin county is heavily Republican.

Politico asks Did Beto Blow It?

> Over the past six months, I spoke with a host of Texas Republicans about the U.S. Senate race. Many of them dislike Cruz. Some of them privately hope he loses. And all of them are baffled by the disconnect between the superior branding of O’Rourke’s candidacy and what they see as the tactical malpractice of his campaign.

> In their view, Cruz is uniquely vulnerable, having alienated Texans of all ideological stripes with his first-term antics—and especially those affluent, college-educated suburbanites repelled by Trump.

> “Despite all of Cruz’s problems—and there are plenty—here’s a guy who’s running around talking about Medicare for all, and impeaching Trump, and abolishing ICE. And it’s killing him,” Karl Rove, the former senior adviser to George W. Bush, told me in Austin this summer. “Even for people who dislike Cruz, impeaching Trump strikes many of them as terrible for the country. I’ve got friends and family members who may not vote for Cruz. They don’t like Cruz. But Beto isn’t contesting them. I mean, it’s just weird.”

> Instead of pivoting to the center, as spring gave way to summer, the Democratic nominee hardened his positions. Where he had once hedged on his endorsement of "Medicare for all," O’Rourke began forcefully championing a single-payer system. Where he once avoided impeachment talk, O’Rourke reiterated, on the day he and Hurd received an award for civility in politics, that Trump should be removed from office. Where he once carefully straddled the border-security debate, O’Rourke said he was open to abolishing ICE if its duties could be assumed elsewhere.

> James Aldrete, a Texas Democratic strategist who ran the Spanish-language media strategy for both Obama campaigns and for Hillary Clinton in 2016, conceded “He never made a political adjustment to reach out to the middle.”

Beto Platform

  • Medicare for all.
  • Medicaid expansion.
  • Invest in job training and apprenticeship programs.
  • Impeach Trump —a position rejected by Nancy Pelosi, and nearly every other prominent Democrat in America, as futile and counterproductive.
  • Open to abolishing Immigration and Customs Enforcement.

It's easy to not like Cruz, but it's a lot easier to like Cruz when the opponent is extreme-left.

Cruz vs O’Rourke

I suspect this one will be close but Cruz will win.

O'Rourke may be the only person Cruz can beat just as Hillary was the only person Trump could beat.

Like Hillary, O'Rourke ran a poor campaign. Despite raising huge amounts of money, Cruz outspent O'Rourke on ads in the past few weeks.

Yet, I would not be hugely surprised if O'Rourke won. It's not impossible.

Abandoning the Middle

Neither Cruz nor O'Rourke reached out to the middle.

Apparently no one wants it.

Fiscal responsibility? No one wants that either. Deficits are out of sight and expanding rapidly.

For eight years Republicans were against Obama's budgets. Trump's projected budgets are worse.

A genuine middle-class tax cut would have gone over big. Instead, the middle class got peanuts.

Military waste is enormous. Entitlements are out of control. Interest on the national debt is soaring.

So how does Medicare for all, more Medicaid, more military spending and absurd makeshift job training programs, fit in?

Easy to Be Angry

It's easy to be angry.

Expect things to get worse when the next recession hits and public union pension plans go bust.

You ain't seen nothing yet.

Midterm Senate Races

Image placeholder title

Fearless Political Predictions

  1. Democrats easily win the House.
  2. Close but no cigar for Democrats winning the Senate. I give the Democrats 6 or 7 of those tossups.

I suspect the Democrats lose Missouri and win all the rest. Even if they win all 7 they have to flip another seat. The best chance is Texas.

So look for a 50-50 Senate tie or the status quo at 51-49.

2019 US Legislation

If the Democrats win the House, very little legislation will pass in the next two years, except of course more wasteful spending by both sides when the next recession hits.

Spotlight Europe

Meanwhile, the splintering is even more pronounced in Europe.

  1. The end of Merkel is at hand: Merkel's Legacy: Refugee crisis, the Splintering of Germany, Brexit
  2. Italy is openly feuding with the EU over its budget: In Unprecedented Move, EU Rebukes Italy's Budget: Italy Politely Says Screw You
  3. Eurozone Growth: Eurozone Growth Slows to 4-Year Low, Italy Stagnates, Global Recession Risk Up
  4. Anti-EU Marine Le Pen is ahead of French president Macron in European Parliament polls.
  5. There is still no agreed upon Brexit solution, but I have one: No Brexit Deal, No Problem.
  6. Derivatives mess at French Banks: Casino Report on 3 French Banks: BNP Paribas, Credit Agricole, Societe Generale

This is not a good economic or political setup to say the least, both globally and in the US.

Trumps tariffs make matters much worse.

Mike "Mish" Shedlock

Florida is Ground Zero for Political Corruption

Florida is ground zero for political corruption. Democrats lead the way. In contrast, Kudos to Arizona Governor Ducey.

Weekend Roundup: Mall Vacancies, Soybeans, Chinese Defaults, Taxes, US Politics

I have a basket of stories on my screen, over 50 tabs open. Here is a peek at some of the stories that caught my eye.

Ben Bernanke - The Father of Extreme US Socialism

Looking for a reason for the upsurge in radical socialism, don't blame Trump, blame the Fed.

Huge Anti-Jewish, White-Supremacist Rally in Poland: Banners Say "Europe Will Be White, Clean Blood"

Two radical Polish nationalist groups seek an ethnically and religiously pure country. They organized an Independence Day event attracting tens of thousands of people. A crowd of mostly young people carried banners that read ‘Europe Will Be White’ and ‘Clean Blood’.

What's Trump's Real Trade Target: China or Europe?

Do Trump's endless trade volleys and sanctions have a clear target? Consider the possibility it's the EU, not China.

Should the Middle Class Pay More for a Loaf of Bread than the Poor?

Iowa seeks to become the first state to dump Obamacare in favor of a state-run program that will allegedly lower costs. I suggest Iowa's replacement plan can't work. My reason pertains to the title question.

Trump Promises Major Middle-Class Tax Cut by November: Not Going to Happen

In response to a reporter's question, Trump outlined a "major tax cut" prior to November. It's not going to happen.

France Wants European Army to Protect Europe from US, China Russia

Trump blasted French French President Emmanuel Macron in a Tweet for Macron's "insulting" reasons for wanting an army.

Europe's Shakespeare Response to Iran Sanctions: New Word "unisolationism

Europe is huffing and puffing and full of fury over Trump's Iran decision. The French even coined a new word.