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Politics / Trump Speaks (LIVE)
July 24, 2024, 07:12:03 PM
Here's a Conservative POV

Is the Old Narrative of Left vs Right Dead?

Should we be looking at the political and social divisions in the USA & elsewhere through a different lens?

What do ya'll think?

WASHINGTON - Vice President Kamala Harris successfully moved Monday to shore up the support she needed to secure the 2024 Democratic presidential nomination, potentially avoiding a bitter internal party dispute one day after President Joe Biden announced he's backing out of his own White House campaign.

A USA TODAY count of delegates shows the 59-year old Harris has secured endorsements in excess of the 1,976 delegates needed to become the party's nominee in the first round of voting. There are 3,936 Democratic delegates in total, including former presidents, state and local party leaders, members of Congress and governors, but only about half get to vote in the first round.

California's delegates put Harris over the top Monday evening when they voted unanimously to back the state's former U.S. Senator for president. Former House Speaker Nancy Pelosi called for the vote.

In spite of the all the enthusiasm for Kamala Harris, polls released after Biden's decision to step down still show here trailing Donald Trump if she were chosen as the nominee:

Two political polls conducted after President Joe Biden forfeited his reelection campaign both show Kamala Harris losing to former President Donald Trump if she is chosen as the Democratic nominee.

Biden announced on Sunday that he would not be seeking reelection in the 2024 presidential race after weeks of saying he wouldn't resign from the race. On the same day, Biden voiced his support for Harris, his vice president, to replace him as the Democratic nominee.

Several names have already been floated for the replacement, including Harris. However, two recent polls show that the vice president might not perform strongly enough against Trump should the two face off in November, though there are still more than three months to go before the general election.

An On Point Politics/SoCal Research poll conducted on Sunday after Biden's announcement surveyed 801 likely voters. Of those surveyed, 51 percent said they would vote for Trump should the 2024 election be held today, with 43 percent voicing the same answer for Harris. Six percent remained undecided.

Despite garnering millions of donation dollars only hours after Biden stepped down, Harris' poll performance has shifted little since On Point Politics/SoCal Research conducted a similar poll on July 17. The July 17 poll surveyed 800 voters, of which 52 percent said they would vote for Trump and 44 percent said Harris. At the time, voters also were polled about who they were more likely to vote for between Biden and Trump since Biden was still in the running. Trump still received the most support at 51 percent, with Biden at 45 percent.
If so, why?

If Not, Why not?

No right or wrong answers, only your opinion counts.
....just heard eh?
Too sad to contemplate

...not that anyone really adores Wall Street anyway.

Theres probably more haters especially on conservative Main Street America since theyve been screwed over by them in the past.


The financial world's heavy hitters fear being marginalized in Washington after former President Trump chose a running mate openly hostile to Wall Street.

It's a bad time to be a finance billionaire. Well, in Washington, D.C., anyway.

Republicans on Wall Street, who had been largely coalescing around former President Donald J. Trump's efforts to return to office, suffered outright repudiation this week with his pick of Senator JD Vance of Ohio as a running mate. Mr. Vance, a harsh critic of corporate interests and a former venture capitalist, solidified a feeling in the world of high finance that the balance of power in the party had suddenly shifted westward to Silicon Valley.

In choosing Mr. Vance, Mr. Trump brushed off personal entreaties from some of the Republican Party's biggest donors. Those financiers preferred Senator Marco Rubio of Florida, Governor Doug Burgum of North Dakota or Senator Tim Scott of South Carolina, all reliable supporters of traditional rightward causes like corporate tax cuts, freewheeling trade policies and internationalism writ large.

Mr. Vance, by comparison, has built a political brand as an antagonist of the financial elite by criticizing business tax breaks, talking up the costs of global trade, embracing cryptocurrency, and opposing diversity initiatives that are popular across corporate America.

While accepting his nomination on Wednesday at the Republican convention in Milwaukee, he said the party was done "catering to Wall Street."

That line and several others in Mr. Vance's speech cast Wall Street's titans as villains. It was a clear sign to many financiers at the convention and those watching at home that the party is no longer a clear ally, according to interviews with nearly two dozen investors, ex-government officials and advisers to donors of both parties.

Mr. Trump and Mr. Vance standing side by side in blue suits.
Mr. Trump's pick of Mr. Vance was a repudiation of the conservative donors on Wall Street.Credit...Haiyun Jiang for The New York Times

"Populism is on the rise in the Republican Party," said Eric Cantor, a former Republican House majority leader who is vice chairman at the investment bank Moelis & Company. It means "individuals and the high paid executives on Wall Street" were not playing a central role in the election, he said in an interview.

It's a new and uncomfortable position for the finance set, which for decades enjoyed access and political sway in administrations of both parties. Either they slink back to a candidate they have savaged publicly and privately, or risk being shut out no matter who wins the White House in November.

"The influence of classic bankers just isn't here," said Rob Collins, the founder of Coign, an upstart credit-card company that markets its products to conservatives, in an interview from the convention.

The choice of Mr. Vance was a pointed rebuke of top Republican donors, including the hedge-fund titan Kenneth Griffin, who opposed the senator's nomination right up until the hours before Mr. Trump's announcement, according to two people briefed on his efforts. The billionaire investor Paul Singer, in a recent dinner with Mr. Trump, suggested several vice-presidential candidates, none of them Mr. Vance, said one person familiar with the discussion.

"Nobody dangled or held back or conditioned any contribution or endorsement based on the choice of a vice president," said Susie Wiles, a spokeswoman for the Trump campaign.

Propelled by enthusiasm from Silicon Valley and Tesla chief executive Elon Musk, however, Mr. Trump chose Mr. Vance anyway

"President Trump had many good choices for vice president, and I appreciate the thoughtful deliberations of the president and his team," Mr. Griffin said in a statement.

Wall Street financiers have been heavy donors to both parties, and often take high-level roles in the government when they leave banking. For part of Mr. Trump's term, Gary Cohn, the former Goldman Sachs president and chief operating officer, served as a top economic adviser. The former Treasury Secretary Steven Mnuchin was also an alumnus of the bank — the latest in a procession of century-long overlap between public and private industry that earned the term "Government Sachs."

They brought with them a view that global competition wasn't just good for big business but for consumers at all income levels, as it helped drive down the cost of goods and ultimately increased the standard of living for all.
Eric Cantor, managing director of Moelis & Co., in London, last year.Credit...Chris Ratcliffe/Bloomberg

But, said Jay Clayton, a lawyer who represented some of the world's biggest financial institutions and was head of the Securities and Exchange Commission in the Trump administration, it is time to "question whether the traditional economic view of the last decades" was the right one for the party.

Mr. Trump can still boast of a cadre of Wall Street supporters: Billionaire investor John Paulson hosted an event for Mr. Trump in April that raised more than $50 million and included some financiers, including Nelson Peltz of the hedge fund Trian Partners. Steve Schwarzman, the billionaire chief executive of the Blackstone Group, has separately said he's backing Mr. Trump.

But Mr. Vance has been embraced by the technology and cryptocurrency worlds. Mr. Musk, who lobbied for Mr. Vance's pick, is expected to donate to at least one outside group supporting the Republican ticket. Others who encouraged Mr. Trump to choose Mr. Vance as a running mate include Chamath Palihapitiya, the investor, and David Sacks, an entrepreneur.

Meanwhile, President Biden is not winning many converts from the right-leaning financial world with his recent embrace of a nationwide cap in rents, statements that they see as antagonistic to big business, and high profile support from Senator Bernie Sanders and other well-known liberals, several people said.


Many said they expect that Trump would remain friendly to business interests and include an extension of the corporate tax cuts signed in his first term and scheduled to expire next year. Mr. Trump said an interview published this week that he still favors lowering the rate, which Mr. Vance opposed before he was nominated.

Even some of those who were spurned by Mr. Trump's choice continue to donate heavily to Senate and gubernatorial races.

And they are finding other uses for their cash.

Mr. Griffin, who has told associates he could give as much as $100 million to Republicans but hasn't decided whether any of that will go to Mr. Trump's campaign, earlier this week opened up his checkbook to buy a $45 million fossil of a Stegosaurus at auction.

Maureen Farrell writes about Wall Street, focusing on private equity, hedge funds and billionaires and how they influence the world of investing. More about Maureen Farrell

Rob Copeland is a finance reporter, writing about Wall Street and the banking industry. More about Rob Copeland
A version of this article appears in print on July 21, 2024, Section A, Page 16 of the New York edition with the headline: Wall Street Titans Feel a Loss in Clout in the New Republican Party. Order Reprints | Today's Paper | Subscribe
See more on: 2024 Elections, U.S. Politics, Republican Party, Eric Cantor, Donald Trump, J.D. Vance

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...are there any decent alternatives to Microsoft?
Politics / Obama asks Biden to step down
July 19, 2024, 05:06:16 AM
...and dozens of other Democrats

...doesn't he get the message?
Politics / Biden Tests Positive for COVID
July 18, 2024, 12:12:08 AM
...will this provide him with an excuse to drop out of the Presidential Race?

Politics / President (Jill?) Biden
July 16, 2024, 05:58:03 PM

"Dear President Biden,

We, the undersigned, urge you to step down as the Democratic candidate for the 2024 election. While we deeply respect and appreciate your service and the progress made during your presidency, we believe it is time to pass the torch to ensure the Democratic Party's victory and prevent another Trump presidency."
Good Choice? Bad? So-so?

....thing is, couldnt NK wipe out the entire Korean peninsula (including themselves) with just 1 bomb? Korea seems rather small in land mass, not much larger than a US state or 2.

Or do they have plans to deploy them elsewhere such as Japan?

SEOUL, July 14 (Yonhap) -- South Korea warned on Sunday that North Korea will face the end of its regime if it attempts to use nuclear weapons.

"We sternly warn that there is no scenario in which North Korea's regime will survive after using nuclear weapons," Seoul's defense ministry said in a statement.
.....all the more reason the Democrats should drop him.

He comes across as Grandpa  waking up after a nap. Hes shouting his words and has an angry look on his face. He looks awful.

A political party cant have an angry old man as their standard bearer. Of course they have to stay positive all the time.

Even a giggly and not terribly popular Kamala Harris would represent them better than Biden.

In contrast, Trump looks confident and relaxed as Boden continues to falter.