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Warren Takes Aim at Private-Equity Funds

July 18, 2019 at 10:28 am EDT By Taegan Goddard Leave a Comment

“Elizabeth Warren is teaming up with a slate of fellow congressional Democrats who are calling for greater federal regulation of private-equity firms, which the presidential candidate likened to ‘vampires’ in a policy proposal that would alter the way the funds acquire other companies,” the Wall Street Journal reports.

“Ms. Warren, a senator from Massachusetts, unveiled legislation Thursday that would require private-equity funds to assume responsibility for the liabilities of companies under their control—including debt and pension-related obligations.”

CNN: “The proposal is red meat for the Democratic party’s liberal base, which has zeroed in on Wall Street speculation as a root cause of growing economic inequality. Backlash from the financial industry would be an added bonus for Warren’s campaign.”

Quote of the Day

July 18, 2019 at 10:04 am EDT By Taegan Goddard Leave a Comment

“I challenge every Republican to watch Donald Trump’s rally last night, complete with chants of ‘Send her back,’ and ask if that is the Party of Lincoln and Reagan we signed up for. We are in a fight for the soul of the GOP, and silence is not an option.”

— Former Gov. William Weld (R), on Twitter.

Scaramucci Disinvited from GOP Fundraiser

July 18, 2019 at 9:55 am EDT By Taegan Goddard Leave a Comment

“The Palm Beach County GOP disinvited Anthony Scaramucci from addressing its annual fundraising event after the short-lived former White House spokesman criticized President Trump’s ‘racially charged’ statement that four members of Congress who are women of color should leave the United States,” Politico reports.


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McConnell Defends Trump’s Attacks on Congresswomen

July 18, 2019 at 9:42 am EDT By Taegan Goddard Leave a Comment

Senate Majority Leader Mitch McConnell (R-KY) said that Donald Trump is “on to something” with his inflammatory attacks against four congresswomen, Politico reports.

Said McConnell: “We’re in a big debate now and next year about what we want America to be like. Do we really think socialism applies here at a time of great prosperity, 50-year-low unemployment? That’s what the election I think is going to be about.”

He added: “Using, throwing around words like ‘racism,’ you know, kind of routinely applying it to almost everything. Let’s talk about the issues. And the issues are… where they want to take America. They want to take America into a socialist country.”

So You Want a Revolution?

July 18, 2019 at 9:36 am EDT By Taegan Goddard Leave a Comment

Thomas Friedman: “Dear Democrats: This is not complicated! Just nominate a decent, sane person, one committed to reunifying the country and creating more good jobs, a person who can gain the support of the independents, moderate Republicans and suburban women who abandoned Donald Trump in the midterms and thus swung the House of Representatives to the Democrats and could do the same for the presidency. And that candidate can win!”

“But please, spare me the revolution! It can wait. Win the presidency, hold the House and narrow the spread in the Senate, and a lot of good things still can be accomplished. ‘No,’ you say, ‘the left wants a revolution now!’ O.K., I’ll give the left a revolution now: four more years of Donald Trump.”

“That will be a revolution.”

Nunes’ Fundraising Is Off the Charts

July 18, 2019 at 9:13 am EDT By Taegan Goddard Leave a Comment

Rep. Devin Nunes (R-CA) “revved up his fundraising in the second quarter of this year, hauling in far more money than any other incumbent in a district on the opposing party’s top target list for 2020,” McClatchy reports.

“Nunes has about $5.6 million in cash on hand, another number that blows most candidates out of the water.”

“So who is contributing to Nunes’ campaign? A small portion of Nunes’ donations come from within his district. About 4.3%, or just less than $80,000, came from his constituents this quarter.”

Jon Stewart Rips Rand Paul for Blocking 9/11 Bill

July 18, 2019 at 9:00 am EDT By Taegan Goddard Leave a Comment

Comedian Jon Stewart blasted Sen. Rand Paul (R-KY) on Fox News for his objection to a bipartisan bill to ensure a compensation fund for victims of the 2001 terrorist attacks never runs out of money.

Said Stewart: “Pardon me if I’m not impressed in any way by Rand Paul’s fiscal responsibility virtue signaling.”

He pointed out that Paul supported President Trump’s tax cut that “added hundreds of billions of dollars to our deficit.”

Mark Sanford Releases a Video

July 18, 2019 at 8:53 am EDT By Taegan Goddard Leave a Comment

Just a day after hinting he might challenge President Trump in the Republican primaries, former South Carolina Gov. Mark Sanford (R) is out with a video.

Said Sanford: “I’m frustrated with many things in Washington these days. But on the top of my list is the way people there have seemingly forgotten that debt, deficits and spending really do matter.”

First Read: “Remember, modern incumbent presidents who have avoided credible primary challenges have gone on to win re-election (Ronald Reagan, Bill Clinton, George W. Bush, Barack Obama).”

“And those who received credible primary challenges have lost (Gerald Ford, Jimmy Carter, George H.W. Bush).”

Where Is Ivanka?

July 18, 2019 at 8:47 am EDT By Taegan Goddard Leave a Comment

Elaina Plott: “Since joining her father’s White House as a senior adviser in early 2017, the first daughter has reserved the right to toggle between a strict and loose construction of her portfolio. When flashy opportunities arise—such as the chance to play diplomat with Kim Jong Un—the edges of her purview, which she often defines as ‘women’s economic empowerment,’ become conveniently blurry. But when the issue du jour is particularly messy, she is quick to clarify its limits, thus absolving herself of accountability for problems that exist outside it. When The View’s Abby Huntsman, for example, asked Trump in February why she didn’t speak up about family separations along the U.S.-Mexico border, she objected that she is ‘not president of all women’s issues.'”

“This awkward dance underscores the true nature of Trump’s silence on a flurry of new controversies surrounding her father: She is declining to speak out not because of the limits of her portfolio. She simply does not want to.”

Said one former White House official: “It’s an exclusive club. People who want to be in charge of everything, but when the going gets weird, just disappear.”

An Odd Impeachment Vote

July 18, 2019 at 8:05 am EDT By Taegan Goddard Leave a Comment

This piece is only available to Political Wire members.

The House of Representatives once again tabled Rep. Al Green’s (D-TX) resolution to impeach President Trump.

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The Case for Challenging Trump In a Primary

July 18, 2019 at 7:28 am EDT By Taegan Goddard Leave a Comment

Matt Bai: “OK, at least seven in 10 Republicans approve of Trump, whatever that really means. That’s marginally impressive. Except that we don’t know what those voters would do when faced with an actual choice — not between Trump and Democrats, or Trump and the media, but between Trump and a thoughtful conservative who doesn’t tweet insults in the middle of the night.”

“We don’t know how Trump would fare with Republicans in a field of two (or three), rather than in a field of 17, where all the more established candidates fractured their vote into tiny shards last time around.”

“We don’t know what Trump is going to say or do in the intervening months, or on the eve of the primaries, that could tip the balance very quickly toward a Republican alternative.”

“And we don’t know yet where independent voters are going, especially in New Hampshire, where they make up the largest bloc and can vote in primaries.”

DNC Tinkers With Debate Format

July 18, 2019 at 6:33 am EDT By Taegan Goddard Leave a Comment

Politico: “The Democratic National Committee and CNN are making sure both nights of the July 2020 presidential debates have their fair share of top-tier candidates, insuring that there won’t be a pileup of leading candidates on one night that could hurt ratings.”

“The network and the DNC announced Wednesday that candidates will first be split into three tiers, before being randomly split across the two nights. The tiers are based off public polling.”

Obama and Clinton Rainmakers Place Their Bets

July 18, 2019 at 6:31 am EDT By Taegan Goddard Leave a Comment

Politico: “Big-money Democratic donors have jumped off the sidelines of the presidential race, and three candidates are the clear winners of their support: Joe Biden, Pete Buttigieg and Kamala Harris.”

“Each of those three candidates received more than 220 donations from top fundraisers who helped raise at least $100,000 (and sometimes many multiples more) for Hillary Clinton’s 2016 campaign or at least $50,000 for Barack Obama in 2012.”

Will Netanyahu Bar Ilhan Omar from Entering Israel?

July 18, 2019 at 6:24 am EDT By Taegan Goddard Leave a Comment

“A government official told The Jerusalem Post on Thursday that Prime Minister Benjamin Netanyahu’s National Security Council was reviewing the issue and would offer him recommendations on how to respond.”

“According to the dry law, Omar, whose legislation explicitly calls for the boycott of Israel, could be denied entry to Israel. However, due to her status as a US congresswoman, Israel is unlikely to use the legislation which if done, could spark an international crisis.”

Playbook: “We’s have to imagine Trump would be pretty pleased if his friend and ally Benjamin Netanyahu declined to allow Omar and Tlaib — the president’s enemies, at the moment — into Israel. This could cause a diplomatic row, though, since Omar and Tlaib are elected federal officials.”

Senate Republicans Pray Trump Takes Budget Deal

July 18, 2019 at 6:13 am EDT By Taegan Goddard Leave a Comment

Politico: “Senate Majority Leader Mitch McConnell and Republican senators are pushing Trump to accept an agreement with Democrats that would avoid stiff budget cuts, steer clear of a potential default and provide a huge measure of certainty through the presidential campaign.”

“Trump has been warm to the proposal as it’s taken shape, according to multiple senators who have spoken with him in recent days. But GOP backers of a deal fear a last-ditch push from hard-line conservatives inside the administration and Congress to reject any bipartisan compromise.”

The GOP’s Demographic Decay

July 18, 2019 at 6:08 am EDT By Taegan Goddard Leave a Comment

Axios: “The numbers simply do not lie. America, as a whole, and swing states, in particular, are growing more diverse, more quickly. There is no way Republicans can change birth rates or curb this trend — and there’s not a single demographic megatrend that favors Republicans.”

“President Trump’s short-term calculation to stir up white voters with race-baiting rhetoric might very well echo for a generation.”

Key takeaway: “Next year, the entire under-18 population will be majority non-white… In less than a decade, the under-30 population will be majority non-white.”

Trump Bets His Re-Election on Racial Polarization

July 18, 2019 at 6:04 am EDT By Taegan Goddard Leave a Comment

Associated Press: “Not since George Wallace’s campaign in 1968 has a presidential candidate — and certainly not an incumbent president — put racial polarization at the center of his call to voters. Though Trump’s comments generated outrage and even a resolution of condemnation in the House, the president and his campaign believe the strategy carries far more benefits than risks.”

“Educated suburban voters, especially college-educated women, and minorities in key states like Pennsylvania, Michigan and Wisconsin were already threatening to revolt against the Republican president. Trump believes his inflammatory rhetoric will strengthen his support among the white working class and attract a new group of disaffected voters who fear cultural changes across America.”

CNN: Trump’s ugly plan to get re-elected.

Trump Amps Up Racist Attacks at North Carolina Rally

July 17, 2019 at 10:53 pm EDT By Taegan Goddard Leave a Comment

New York Times: “It was the latest sign that the president hopes to win a second term in office by playing to racial and nationalist themes that shock the consciences of many Americans, but seem only to delight his most ardent supporters.”

“Mr. Trump doubled down with relish on his previous calls for the four congresswomen — Reps. Ilhan Omar, Alexandria Ocasio-Cortez, Rashida Tlaib, and Ayanna Pressley — to ‘go back’ to their countries of origin, even though all but one were born in the United States and all four are citizens. It left no doubt that he was undaunted by furious condemnations of his remarks as racist, including a Tuesday vote by the House.”

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Lay on the Table: In a legislative context, to “lay on the table” refers to the action of temporarily postponing consideration of a motion or bill.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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