For about 20 years, Ray Keating wrote a weekly column - a short time with the New York City Tribune, more than 11 years with Newsday, another seven years with Long Island Business News, plus another year-and-a-half with RealClearMarkets.com. As an economist, Keating also pens an assortment of analyses each week. With the Keating Files, he decided to expand his efforts with regular commentary touching on a broad range of issues, written by himself and an assortment of talented contributors and columnists. So, here goes...
Showing posts with label Kamala Harris. Show all posts
Showing posts with label Kamala Harris. Show all posts

Monday, August 17, 2020

2020 Politics as the Conventions Get Rolling … Kind of?

by Ray Keating
The Keating Files – August 17, 2020

Remember when political parties mattered? You don’t have to journey that far back in time. Arguably, to just before 2016. 

That was the year when Donald Trump, who spent most of his life outside the Republican Party, seized control of the GOP, and Bernie Sanders, a socialist who was not a Democrat, nearly grabbed control of the Democratic Party. Many would argue that Sanders did gain the socialist hearts of Democrats.


So, maybe it’s fitting that during the COVID-19 pandemic, party conventions in 2020 are virtual affairs, with Republicans celebrating their relatively newfound populist nonsense and Democrats coming to terms with their socialist nonsense.

The Democrats were supposed to meet in Milwaukee, but now they’ll be serving up speeches this week (from August 17 to 20) virtually. As for the Republicans, it has been fittingly confusing. That is, the GOP convention was originally planned for Charlotte, North Carolina. But President Trump moved it to Jacksonville, Florida, when North Carolina’s government officials declined to allow for a large gathering amidst the coronavirus. But then the same thing basically happened in Florida, so Republicans, too, will be partying remotely from August 24 to August 27.

What do the polls look like heading into this virtual convention season?

According to national polls released so far in August, Democrat Joe Biden leads in all of them against Republican Donald Trump, ranging from as few as four percentage points, and therefore within the margin of error, to as many as 11 points. Biden’s numbers come in as low as 44 percent to as high as 54 percent, while Trump ranges from 40 percent to 46 percent.

By the way, it’s worth noting that Biden apparently didn’t receive any boost in national polling after selecting Kamala Harris as his running mate.

But what’s happening in the battleground states? 

Arizona is a toss-up, with three of the latest four polls showing Biden up by 1 to 4 points, and the other poll putting Trump up by a point.

In Florida, polls show Biden holding a consistent, small lead, and coming in with at least 50 percent of those polled.

As for Michigan, Trump consistently trails Biden by anywhere from 4 to 11 percentage points in recent polling. But a key point is that Trump has been unable to push above 43 percent since mid-June.

The trend is more hopeful for the president in Minnesota. He had trailed Biden by large margins, but they have closed, with the latest polls pointing to Biden being up by 3-5 points.

Matters have improved some for Trump in North Carolina as well in the latest polling. The race is effectively tied in the state.

However, Pennsylvania stands out as a huge challenge for President Trump, with Biden leading in every poll and by notable margins.

And the numbers remain positive for Biden in Wisconsin, with the latest surveys basically putting Biden around 50 percent and Trump in the low 40s.

As for other battleground states, we haven’t seen a poll from Ohio since July. The two latest surveys put Biden slightly ahead, but in effect, it looks like a dead heat. 

A poll released early this month put Trump up slightly in Iowa, but again, that state ranks as a dead heat. 

And out of the two August polls from Georgia, one put Trump up narrowly, and the other Biden. The race in Georgia, therefore, rates as a dead heat – and that’s troubling for the president given the state’s normal Republican leanings.

The latest polls we have from New HampshireMaine and Virginia came in late July, and Biden was up big in each state.

Finally, the August polls out so far have Trump ahead in Texas by 6 to 7 points. Polls throughout June and July had the race as an effective dead heat in this very Republican state.

As noted in my last rundown on the White House race, everything narrowly broke Trump’s way in 2016. He took Pennsylvania 48.2 percent to 47.5 percent; Michigan 47.3 percent to 47.0 percent; and Wisconsin 47.2 percent to 46.5 percent. For good measure, Trump won Florida by only 48.6 percent to 47.4 percent. 

If the election were held today, President Trump would likely lose each of these states, with Arizona, Georgia, Iowa, Ohio and North Carolina – each of which he won in 2016 – at risk of going to Biden as well.

Well, will the virtual conventions matter? Probably not much. The only outcome that could matter would be Biden fumbling his speech in some notable way. Barring that, the 2020 conventions promise to matter even less than the typical conventions of recent years. Again, that’s fitting given the state of political parties today.

Meanwhile, the poll number that ranked as most interesting to me came from Gallup on August 14. The pollster asked: “Which best describes your view of Donald Trump and Joe Biden: Both would be a good president, neither would be a good president, only Donald Trump would be a good president (OR) only Joe Biden would be a good president?” 

The pollster reported that 25 percent of Americans answered that neither would be a good president. Gallup asked the same question for the 2004, 2008 and 2012 elections, and this year’s 25 percent was the highest breakdown answering neither.

Go figure. I’m with the 25 percent, by the way.

Oh, and in case you were wondering, 5 percent of those polled said both men would be a good president. Really? Who the heck are those people?

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Ray Keating is a columnist, economist, podcaster and entrepreneur.  You can order his new book Behind Enemy Lines: Conservative Communiques from Left-Wing New York from Amazon or signed books  at RayKeatingOnline.com. His other recent nonfiction book is Free Trade Rocks! 10 Points on International Trade Everyone Should Know. The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

Keating also is a novelist. His latest novel is  The Traitor: A Pastor Stephen Grant Novel, which is the 12th  book in the series. Big sale on signed books and sets at https://raykeatingonline.com/t/book-of-the-month.

Also, tune in to Ray Keating’s podcasts – the PRESS CLUB C Podcast  and the Free Enterprise in Three Minutes Podcast  

Thursday, August 13, 2020

Biden Picks Harris: Will It Matter on Election Night?

by Ray Keating
The Keating Files – August 13, 2020

Former Vice President Joe Biden, the Democratic candidate for president, has chosen U.S. Senator Kamala Harris from California as his vice presidential running mate. Will it make a difference on Election Night, November 3? That’s highly unlikely.


Make no mistake, seemingly everyone in and covering politics has been talking about Biden’s choosing Harris. Democrats are largely pleased, and making the case for Harris. Republicans naturally stand in opposition, though their arguments against her are contradictory (for example, is she too tough on crime or too soft?). The media is dedicating all kinds of attention. 

Of course, I get it. This happens whenever VP candidates are announced.

Nonetheless, pointing out that the VP pick ultimately doesn’t matter – or matters very little – isn’t a statement for or against Kamala Harris per se. Vice President Mike Pence doesn’t matter either. It’s just a political fact. Elections are not decided by who is running to be vice president. People vote for, or against, who is running for president. It’s about the top of the ticket.

Research over the years on the impact of vice presidential running mates reveals next to nothing in terms of a clear, substantive impact. Assorted studies indicate that a very small positive effect on voting in the VP candidate’s home state might exist. Well, I don’t think Biden is at risk of losing California.

Some argue that there can be an ideological factor with the number two pick – the idea of balancing the ticket philosophically to gain votes. One can argue that was at least part of the reason for VP picks by Ronald Reagan in 1980, Mike Dukakis in 1988, Bob Dole in 1996, Al Gore in 2000, John McCain in 2008 and Mitt Romney in 2012. Reagan was the only in this group to win, and no one seriously asserts that his running mate, George H.W. Bush, had anything to do with that victory. Besides, this year, it’s hard to see any serious ideological differences between Biden and Harris.

As for picking a woman as the VP candidate, Geraldine Ferraro didn’t help Walter Mondale in 1984, nor did Sarah Palin make a difference for John McCain in 2008.

Two political scientists, Christopher J. Devine and Kyle C. Kopko, assert that the VP choice matters but for a different reason. They say, “Our research shows running mates matter, above all else, by shaping how voters view the presidential candidate who selects them. Running mates indirectly influence voter choice by changing perceptions of the presidential candidate — which, in turn, changes votes.” Well, okay, but that seems a bit amorphous, to say the least. After all, voter perceptions of candidates are influenced by myriad factors.

Would McCain really have been elected if he hadn’t picked Palin, who was perceived as a poor choice (and was), and would Obama truly have suffered by going in a different direction than Biden? No.

Biden made history by picking Harris, who is the first black and Asian candidate on a major party ticket. Putting aside her politics, Harris’s story is compelling. But will it matter in the end as to how this year’s presidential election will turn out? Again, that’s highly – and I mean highly – unlikely.

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Ray Keating is a columnist, economist, podcaster and entrepreneur.  You can order his new book Behind Enemy Lines: Conservative Communiques from Left-Wing New York from Amazon or signed books  at RayKeatingOnline.com. His other recent nonfiction book is Free Trade Rocks! 10 Points on International Trade Everyone Should Know. The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

Keating also is a novelist. His latest novel is  The Traitor: A Pastor Stephen Grant Novel, which is the 12th  book in the series. Big sale on signed books and sets at https://raykeatingonline.com/t/book-of-the-month.

Also, tune in to Ray Keating’s podcasts – the PRESS CLUB C Podcast  and the Free Enterprise in Three Minutes Podcast