While other candidates prattle about what interests them, Hillary Clinton is focused on what matters most to Americans. Hillary Clinton addressed the needs of America’s middle class last week. This week once again Hillary Clinton is focused on the economy and its effects on “Invisible Americans”.
Hillary Clinton is rewarded by Americans for her focus on their problems with 51% support. If anyone is going to ever stop Hillary – they better stop Hillary now.
After a year of floundering and making excuses, Hillary’s opponents are finally becoming aware of the great Hillary triumph to come. Hillary’s opponents are having to calm down supporters who have “the jitters”.
They might have a war chest in the bank and a candidate who draws rock star crowds, but that doesn’t mean Barack Obama supporters aren’t getting the jitters as primary season rapidly approaches.
After all, despite the good press and enthusiasm surrounding Obama, Sen. Hillary Rodham Clinton has stayed solidly ahead in both polls and conventional wisdom. [snip]
The jitters are born of high expectations in the spring that Obama might give Clinton an immediate run for the frontrunner’s slot. Instead, while Obama has continued to raise money and generate excitement, he has plateaued in national polls and in Iowa polls.
When Obama’s top fundraisers gathered for a national finance committee meeting in Iowa at the beginning of October, “The elephant in the room was, ‘What are we going to do, the polls, the polls, the polls,’” said one donor who was there, adding that Obama and his aides soothed the crowd with a focus on Iowa.
Obama’s top advisors continue to try to fool their top donors with pathetic excuses. But top donors are not fools. The top donors and the smart supporters see what is obvious to all objective observers – The Obama campaign, like the Edwards campaign, has a shrunken calendar and a shrunken campaign. Hillary is running a campaign on the issues important to all Americans in all 50 states. Obama and Edwards (and all the other Democratic candidates) are running an Iowa only campaign based on egotism and attacking Hillary.
Bundlers complain that they “didn’t raise all this money to run a one-state campaign,” said a Chicago Democrat close to the tight circle of Obama’s top Chicago donors, who, like others who spoke to Politico, asked to speak on the condition of anonymity. “The frustration has been that they have not been able to move off the personal story and move off this groundswell of enthusiasm and the money to build a campaign in all the key states.”
The truth is spreading from the top donors to the lower tier donors:
But while jittery, wealthy contributors with free advice are a staple of most campaigns, Obama’s flock of small contributors has insulated him to some degree from the nerves of big donors — often business executives who are accustomed to being listened to.
Now, however, some of the same angst about Obama’s prospects is appearing on blogs that supporters have started on the candidate’s social networking site, My.BarackObama.com.
Under the heading “Worried — very worried,” one Obama blogger, Wade Schmidt of Nashville, Tenn., implored Oct. 3: “You have got to take [Hillary] on and not be scared. Take her to the mat and fight man. Call her out and have her ‘join the conversation.’ Your conversation. Time is of the essence Barrack [sic].”
“Is Hillary finally getting traction in Iowa after all the $$$ her campaign has poured into that state or is Barack losing support? What can we do to help the Obama campaign? Should I be worried? Is he going to pull a Dean?” asked a supporter from Lawrence, Kan., who writes under the name AnthonyKS, on Oct. 9.
Whether in response to donor complaints or not, the senator’s tone has shifted of late. He has confronted Clinton directly on her vote in favor of a belligerent resolution on Iran and even depicted her supporters as a handful of business-suited lobbyists — versus his cast of thousands — in an image on his website.
The combative new tack was a hit with Obama’s online contributors — a series of e-mails that raised nearly $2 million were headed “Hillary’s money.” His more traditional donors also sound pleased.
“There’s been a feeling that he should be more combative, more aggressive in delineating the difference between an Obama and a Clinton administration, which they’re finally doing,” said a Chicago lawyer who raises money for Obama.
Instead of attacking Hillary, Obama should learn from Hillary. Hillary is running a positive campaign. Hillary is attacking America’s problems and that is why she is so popular. When Bill Clinton first became President the American economy was in a shambles. When Bill Clinton left office the American economy was in excellent shape with even better prospects for Americans to come.
Americans know they can trust Hillary to correct the latest Bush economic mess. As economic worries grow Hillary speaks to economic worries.
Yesterday was a bad day on Wall Street. The drop in the composite indexes triggered trading restrictions to stabilize jittery markets.
The Dow Jones industrial average dropped more than 360 points Friday – the 20th anniversary of the Black Monday crash – as lackluster corporate earnings, renewed credit concerns and rising oil prices spooked investors.
The major stock market indexes turned in their worst week since July after Caterpillar Inc. (CAT), one of the world’s largest construction equipment makers, soured investors mood Friday with a discouraging assessment of the U.S. economy. In a week dominated by mostly negative results from banks facing difficult credit markets and rising mortgage delinquencies, investors appeared surprised that an industrial name was feeling an economic pinch, too. [snip]
Investor sentiment took another hit when Standard & Poor’s downgraded another batch of residential mortgage-backed securities, adding to investor unease about credit quality. The latest reduction follows a similar move earlier in the week and affects more than 1,400 classes.
And oil prices appeared on some investors’ list of worries after briefly moving above the psychological barrier of $90 per barrel for the first time.
Alongside the newest set of poll results showing Clinton’s surprising levels of popularity among lower- and middle-class women, white moderate women, even black voters, was another story this week, based on a new set of data from the I.R.S.
It showed that America’s most wealthy earn an even greater share of the nation’s income than they did in 2000, at the peak of the tech boom. The wealthiest 1 percent of Americans, the Wall Street Journal reported, earned 21.2 percent of all income in 2005 (the latest date for which these data are available), up from the high of 20.8 percent they’d reached in the bull market of 2000. The bottom 50 percent of people earned 12.8 percent of all income, compared with 13 percent in 2000. And the median tax filer’s income fell 2 percent when adjusted for inflation (to about $31,000) between 2000 and 2005.
More and more people are being priced out of a middle class existence. Because of housing prices, because of health care costs, because of tax policy, because of the cost of child care, The Good Life – a life of relative comfort and financial security – is now, in many parts of the country, an upper-middle-class luxury.
Hillary discussed her plan to fight the “Trapdoor” last week to little news coverage:
After all, it contained a number of huge new middle class entitlements: paid family leave and sick leave, most notably. There were a number of tried-and-true triggers for outrage from the right wing and the business community like government standards and quality controls for child care. There could have been debate stoked among the many childless workers who now feel parents are getting too much “special treatment” in the workplace (Clinton supports legislation to protect parents and pregnant women from job discrimination). At the very least, someone could have accused Clinton of trying to bring back welfare. (She supports subsidies for low-income parents who wish to stay home to raise their children.) Or someone could have questioned how realistic it really is to pay for all that – to the tune of $1.75 billion per year – simply by cracking down on the “abusive” use of tax shelters, as Clinton proposes to do.
Hillary has not lost touch with Americans as her opponents appear to have done. How else to explain the Obama and Edwards obsession with Hillary?
The American middle class, it seems to me, is looking to politicians now to satisfy a pretty basic – and urgent – level of need. Yet people in the upper middle class — with their excellent health benefits, schools, salaries, retirement plans, nannies and private afterschool programs — have journeyed so far from that level of need that, it often seems to me, they literally cannot hear what resonates with the middle class. That creates a problematic blind spot for those who write, edit or produce what comes to be known about our politicians and their policies.
It’s the Economy Again, Stupid:
…I would say that the chances are better than even that next year’s presidential contest will be fought against the backdrop of a recession. The stock market, so far, appears to disagree. You might prefer to trust the collective wisdom of a million investors betting real money. Usually I would advocate that. But you might also ask yourself, as I am, what on earth is Wall Street thinking? [snip]
Last month, one of the loudest and most persistent pessimists, Nouriel Roubini, a professor at New York University and the co-founder of Roubini Global Economics, gave a seminar at the International Monetary Fund on the prospects for the U.S. and global economies. In the latter part of 2006 and earlier this year he was attacked for exaggerating risks to the economy. You hear less of that criticism now. In fact, his IMF host introduced him at the seminar as the pessimist who had not been pessimistic enough.
Roubini said last year that the problems in the housing market would get worse before they got better. He and only a handful of others predicted that house prices would soon fall (on a national aggregate basis) year-on-year for the first time since the Great Depression. Until recently, most economists were expecting no worse than a slowing rate of increase, and a good number recommended housing as an investment. House prices are now falling across the country as Roubini said they would, and the backlog of unsold houses (suggesting lower prices to come) is growing.
Roubini made a second prediction. He said that stresses in the housing market would feed into the broader financial system. One of the forces powering the housing boom, he pointed out, was the explosive growth in subprime mortgages. That growth, in turn, had been driven by financial innovation — especially by the repackaging of those mortgages into securities that could be sold to investors across the wider financial market. As defaults began to rise on those poor-quality mortgages, Roubini predicted, the pain would not be confined to the victims of foreclosure or to the reckless new lenders that had granted the loans in the first place but would also extend to their backers at one or more removes in the capital market. And again, so it proved.
Except that on this second point — the risk of a widening circle of damage — even Roubini did not foresee the full extent or intensity of the resulting turmoil. Panic gripped Wall Street over the summer, the credit markets seized up, and the Fed was forced into full financial-emergency mode. Banks and investment houses were driven to make enormous write-downs of their compromised holdings of mortgage-backed securities. Some big banks in Germany and the United Kingdom, also heavily involved in the U.S. subprime business, actually failed and government had to rescue their depositors. [snip]
The slump in the home-building industry, in other words, is still gathering momentum.
As economic problems gather momentum the support for Hillary and the need for Hillary’s proposed solutions will gather momentum too.
The mosquito complaints of her opponents appear more out of touch every day.
Hillary is addressing the issues that concern Americans. She has not forgotten the worries and problems of every day Americans. That’s why there is no way to stop Hillary now.