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Posts tagged ‘Liz Peek’

Liz Peek Op-ed: Another surprising reason Joe Biden should now step aside


Liz Peek  By Liz Peek Fox News | Published May 21, 2024 5:00am EDT

Read more at https://www.foxnews.com/opinion/another-surprising-reason-joe-biden-should-step-aside

Joe Biden is running out of excuses. While many Democrats have urged him to end his re-election bid, including friendly columnists like the New York Times’ Ezra Klein and Washington Post’s David Ignatius, it has been the conventional wisdom that Biden could not do so, fearful that an even less popular Kamala Harris would replace him as the 2024 Democratic candidate for president.

That is changing. Vice President Harris has been out on the stump, performing the kind of all-out energetic campaigning that the president cannot manage. She meets almost daily with women’s groups talking about abortion and Black groups talking about racial justice. 

She travels incessantly to swing states to hand out money and programs, crediting the Biden-Harris White House – emphasis on Harris – with passing the enormous spending bills at the heart of the administration’s campaign. 

She also frequently entertains important Democrats at her home in Washington, getting to know the important power brokers. Quietly, off the radar, even as she is being virtually ignored by Republican analysts and commentators, Harris’ efforts are paying off. 

KAMALA HARRIS ACCEPTS INVITATION TO DEBATE TRUMP VP PICK

Harris’ overall approval ratings of 38% (net 11% disapproving) on average today are slightly better than those of her boss (net 17% disapproving), and they have improved since the beginning of the year, when her net disapproval was above 17%. Biden’s have not. Importantly, recent surveys show she is more popular with Black voters – where Biden has suffered a serious swoon – than the president.

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Harris can make a solid case that she can carry on the Obama/Biden agenda and that she is healthy and fit to serve four more years. If a large portion of Biden’s unpopularity is due to his age, Harris would be a significant upgrade.

Harris’ improved posture comes at a pivotal time in the campaign and for the president. Scheduling the first of two presidential debates on June 27, way earlier than usual in the election calendar, has triggered renewed speculation about Democrats dumping Biden at the convention. Some think that the timing of the face-off with Donald Trump, many weeks ahead of the Aug. 19 gathering in Chicago, is intended to give Democrats some optionality. If the debate is a complete disaster, it is thought, the party will have enough time to regroup and consider an alternative before their convention.

If a large portion of Biden’s unpopularity is due to his age, Harris would be a significant upgrade.

Recent polls showing former President Trump leading in critical swing states promise disaster in November, not only for Biden but possibly for down-ballot candidates as well. Vulnerable Senate candidates in toss-up states like Pennsylvania and Nevada are reportedly distancing themselves from the president, fearful of being dragged down by the top of the ticket. 

VP HARRIS GRILLED FOR SAYING INFLATION REDUCTION ACT IS WORKING VIA GOV’T GIVING OUT ‘TRILLIONS OF DOLLARS’

But what about all those primaries? Is it even possible to ditch Biden? The answer is yes; during the Democratic convention, the party could technically decide to pick another candidate if Biden withdrew from the race or if the majority of delegates was persuaded that the president was not up to the task.

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 There are some 4,000 delegates who will elect the party’s nominee, and roughly 700 so-called Super Delegates who step in only if there is no apparent winner on the first round of voting. There is no legal obligation for any of those delegates to back Biden. In the event of some calamity – a health problem, for instance, or a humiliating defeat in the debate – the majority could choose someone to replace the president.

Or the party could finally persuade Biden to step aside. Some political analysts have expected him to do so for months, considering his age, infirmity and declining popularity. Despite considerable pressure, Joe has hung on, perhaps knowing he can best protect his son Hunter from the Oval Office, because his wife Jill has encouraged him to run again or maybe because of Harris’ weak standing. 

For the first three years of his presidency, Biden outshone Harris, who repeatedly got tangled up in hilarious word salads but more importantly, was tagged with accomplishing little and, especially, doing nothing about the open border.

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Though Harris’ approval ratings are still poor, she is arguably more capable than Joe. If Democrat bosses decide to open up the convention to other candidates, in order to keep the party from splitting wide open, Vice President Harris is likely to prevail. That is what happened in 1968.

When Lyndon Johnson announced he was withdrawing from the presidential race on March 31, 1968, his approval rating was about 36%, according to Gallup, only slightly worse than Biden’s today. LBJ knew his chances were dim, given anger about the Vietnam War, and took himself out of contention. At the Democratic convention that year, delegates picked Johnson’s vice president, Hubert Humphrey, to succeed him as the 1968 candidate, despite many within the party seeking an anti-war candidate. 

President Richard M. Nixon dedicates his new administration to the cause of “peace among nations” as former President Lyndon Johnson, left, listens to the inaugural speech Jan. 20, 1969, in Washington. Seated at right is Vice President Spiro Agnew. (AP Photo)

Humphrey was not popular – only 34% of the country supported him on the eve of the convention, compared to 40% backing Richard Nixon and 17% leaning toward the segregationist (former Democrat) George Wallace, who ran as an independent. But, nominating Humphrey was the least contentious of possible outcomes; in the end, Democrat power brokers opted for harmony. The decision did not go well; Humphrey lost that year to Richard Nixon in a tight election.

The reality for Democrats is that if they open up the convention to considering other candidates, Kamala Harris will likely emerge the nominee. She will not leave the game without a fight; and, like Humphrey, the vice president would be the least contentious of alternatives. 

For sure, California Gov. Gavin Newsom, Michigan Gov. Gretchen Whitmer and others might throw their hats in the ring, but neither has done the coast-to-coast politicking so necessary to build their case. And, Black leaders, who put Joe Biden in the Oval Office, would almost certainly prefer Harris.

Gavin Newsom speaks
Gov. Gavin Newsom talks about the future UCLA Research Park, California’s new global hub for innovation, being built at the former Westside Pavilion in Los Angeles on Jan. 3, 2024. (AP Photo/Damian Dovarganes)

Humphrey lost, but he went from basement-level approval ratings to nearly winning. It’s possible that Harris could do the same. Democrats may have no other choice.

CLICK HERE TO READ MORE FROM LIZ PEEK 

Liz Peek is a Fox News contributor and former partner of major bracket Wall Street firm Wertheim & Company. A former columnist for the Fiscal Times, she writes for The Hill and contributes frequently to Fox News, the New York Sun and other publications. For more visit LizPeek.com. Follow her on Twitter @LizPeek.

Liz Peek Op-ed: Biden’s 2024 election insurance policy might surprise you


Liz Peek  By Liz Peek Fox News | Published December 19, 2023 5:00am EST

Read more at https://www.foxnews.com/opinion/bidens-2024-election-insurance-policy-surprise-you

Democrats are marching through various stages of grief as they contemplate President Joe Biden running for reelection in 2024. They have variously been hopeful, worried, frantic … and now they’re getting downright angry. 

Far-left columnist Harold Meyerson, editor of the liberal magazine American Prospect, is furious that more Democrats have not jumped into the race. His latest piece asks, “Are the Democrats sleepwalking to disaster?” Disaster, of course, being the election of Donald Trump, who will bring the U.S. – according to Meyerson – to the “brink of authoritarian rule.” 

The former Washington Post writer says Biden has been an “excellent president,” but is concerned that he is “the candidate least able to defeat Donald Trump.” Meyerson is certainly not alone; a rising chorus of Democrat voices are urging Biden to step aside, including now, apparently, Barack Obama. The New York Post reports that the former president “knows this is going to be a close race” and “feels that Democrats very well could lose.” 

BIDEN APPROVAL RATING SINKS TO ALL-TIME LOW IN NEW NATIONAL POLL

The question is: who might replace Biden? Meyerson lofts Gavin Newsom as a possibility but notes that the California governor “lacks appeal to working-class voters (California has the lowest share of white working-class residents of any state save Hawaii).”  

biden democrats white house midterm republicans maga laura ingraham
Polls look bad for President Joe Biden’s chances of keeping the White House in 2024. But the Democrat alternatives aren’t much better. FILE: A flag flies atop the White House November 15, 2000. (Photo by Alex Wong/Newsmakers) (Getty Images)

He also throws Michigan Governor Gretchen Whitmer into the mix but supposes she would “face misogynistic hurdles,” deploying one of Hillary Clinton’s many excuses for losing in 2016. He totally ignores Vice President Kamala Harris, as do most commentators, even though tossing her aside could be risky for Democrats. 

Here is the truth: the Democrat bench is terrible.   

For months, Newsom has been the favored candidate of elite liberals. He’s reliably progressive, telegenic and has been running a stealth campaign to introduce himself to American voters. Unfortunately for Newsom backers, the governor is slip-sliding towards oblivion. First, he surprisingly performed a major face-plant in his debate with Republican Ron DeSantis on Sean Hannity’s Fox News show. Most commentators, including myself, expected the glib Newsom to run rings around the supposedly wooden and inarticulate DeSantis.  

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Instead, Florida’s governor came armed with facts and figures showing his state beating out California on every major metric important to voters – cost of living, taxes, employment, homelessness and crime. Not only did DeSantis win on points, he also won on style. Newsom was smug, condescending and unlikeable. It was a wipeout. 

Second, California’s nonpartisan Legislative Analyst’s Office recently projected the state would run a 2024-25 budget deficit of $68 billion next year, twice as large as recorded in 2023-24. The projected gap is an all-time record, as is the state’s $310 billion spending plan. Commentators in California pounced on the news, with the Mercury News declaring “Newsom owns this mess.” The editorial board reminded Californians that at the beginning of last year, Newsom “was bragging about the state’s $98 billion budget surplus.” Oops. 

Newsom was first elected governor in 2019; his proposed budget for the 2019-2020 fiscal year called for spending of $209 billion. So, in five years, the budget has skyrocketed nearly 50%; on a per-person basis, it has jumped 56%, because more than one million residents have fled the state’s high taxes and impossible business regulations.  

Where has the money gone? More than 50 billion was allocated in the past two budgets for climate change, enormous funds handed to unions like the childcare workers group that is demanding a 25% pay hike and teachers who were given an 8.2% cost-of-living raise; taxpayer money has also funded a 10% increase in welfare payments, and numerous other progressive priorities.  

Vice President Kamala Harris
Vice President Kamala Harris would be a logical choice to replace her boss, President Joe Biden. But she’s even less popular than he is. (Saul Loeb/AFP via Getty Images)

Newsom’s mismanagement of California’s finances is a blueprint, as DeSantis charged in their debate, for how Democrats will crush the U.S. economy.   

If Newsom falls appropriately by the wayside, could Governor Gretchen Whitmer be next up? Unlike Newsom, she represents an important swing state, and her favorability ratings in Michigan are better than the president’s. In addition, she has a following with Black voters, which Newsom lacks. Politico reports that Democrats outside of Michigan have encouraged her to run, including members of the Congressional Black Caucus. Also, a female candidate could help Democrats next year keep the focus on abortion. Polling shows Whitmer competing against Donald Trump more successfully than Biden, Harris or Newsom. In a month-old Fox News poll, all four Democrats lose to Trump, but Whitmer is down by only 2 points.  

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Still, the Michigan governor is remembered as the author of ludicrous COVID-19 mandates, such as allowing state residents to shop at hardware stores, but outlawing purchases of seeds or other gardening supplies.   

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In addition, her state is losing population, like California, though less rapidly. Michigan has also acquired a large Muslim population, which could complicate Whitmer or Biden’s prospects in the state if Democrats continue to support Israel.  Further, rivals could go after Michigan’s governor for enacting tougher gun laws but failing to drive down crime in what some have called “America’s most dangerous state.” The state harbors eight of the most crime-ridden cities in the U.S.  

Unfortunately for Newsom backers, the governor is slip-sliding towards oblivion. First, he surprisingly performed a major face-plant in his debate with Republican Ron DeSantis on Sean Hannity’s Fox News show. Most commentators, including myself, expected the glib Newsom to run rings around the supposedly wooden and inarticulate DeSantis.  

Whitmer’s main handicap, however, is that she is not well known nationally. In a recent Economist/YouGov poll, 31% of respondents said they would like to see the governor run for president, but a whopping 45% were “unsure.”  If the selection of a candidate falls to the Democrat convention next summer, Whitmer would have little time to introduce herself.  

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Harris is the obvious replacement should Biden bow out. But her approval ratings are even worse than the president’s, despite numerous efforts by her team and the White House to gin up support.  The Real Clear Politics average approval shows her underwater by 20 points; her boss scores a negative 15 points. She also has worse favorable/unfavorable ratings than Donald Trump.  

Newsom, Whitmer and Harris are all likely contenders should Biden withdraw from the race. Given their likely electability, Joe may be forgiven for staying put. 

CLICK HERE TO READ MORE FROM LIZ PEEK  

Liz Peek is a Fox News contributor and former partner of major bracket Wall Street firm Wertheim & Company. A former columnist for the Fiscal Times, she writes for The Hill and contributes frequently to Fox News, the New York Sun and other publications. For more visit LizPeek.com. Follow her on Twitter @LizPeek.

Liz Peek Op-ed: Middle class snubs Joe Biden. Who can blame them?


Small donations from middle-class Joes are not pouring in for President Biden’s 2024 re-election campaign

Liz Peek

 By Liz Peek | Fox News | Published July 18, 2023 4:00am EDT

Read more at https://www.foxnews.com/opinion/middle-class-snubs-joe-biden-blame

Turns out, “Middle-class Joe” is not winning over actual middle-class Joes.

That’s what President Biden’s first fund-raising report from the current election cycle shows. As the New York Times reports, the president, who touts his dedication to middle-class voters, hauled in a little more than $10 million in the quarter that ended June 30 from small donations, defined as gifts of $200 or less. “That figure is about half of the $21 million President Barack Obama’s campaign raised during the same period of his 2012 re-election effort.” 

The Times admits, “…the president’s finance reports show that he is far more dependent on the wealthiest donors than Mr. Trump was in his re-election bid or Mr. Biden’s opponents were in the 2020 Democratic presidential primary contest.”

‘DECENCY AND DIGNITY’: MULTIPLE CAREFULLY CRAFTED BIDEN NARRATIVES FALL APART AS 2024 RACE HEATS UP

The inconvenient truth? Overall, Biden’s campaign (in league with the DNC) raised $72 million, most of it from millionaires and billionaires. Those folks are not, we can agree, building the economy from “the middle out and the bottom up.”

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The Times’ writer suggests several reasons why the president’s small-donor take might be lagging. Inflation pressures, a new approach by Google and Facebook that limits what campaigns can learn about people who open email solicitations (thank heavens), and this insight: “Democrats aren’t quite as fired up as they were in 2018 and 2020…”

No kidding.

He might have added: despite Biden’s dishonest blathering about how he’s helping out the middle class, the truth is that it is middle- and lower-income Americans who are most unhappy with this president. A recent Economist You/Gov poll shows 44% of people making $100,000 or more approving of Biden’s performance in office; only 37% of those making less than $50,000 and 39% of those earning between $50k and $100k, give the president high marks. 

Why would that be? Biden claims Bidenomics is bringing back jobs, and especially manufacturing jobs. He brags that his policies have been a boon to the middle class. Biden’s problem? The middle class knows better.

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They know that rising prices and higher interest costs have clobbered their standard of living, reduced their wealth and made them less secure financially. The conservative Heritage Foundation estimated in January that “the average American household has lost the equivalent of $7,400 in annual income since Biden’s inauguration Jan. 20, 2021”, with an analyst saying the sum is “more than a month’s salary for many families and the equivalent of more than a 10% pay cut…”

That is the real cost to real people of 40-year-high inflation and the higher interest rates engineered by the Federal Reserve to bring it down. Since January, things have only got worse. 

BIDEN ‘YELLS’ AND SHUNS 7TH GRANDCHILD. NOW, THE MOST UNEXPECTED PEOPLE ARE WAKING UP

Instead of focusing on the needs of average Americans, Biden’s White House is dedicated to a progressive agenda that is especially popular not with average Americans but instead with elite liberals. 

He has dedicated hundreds of billions of dollars to a Green New Deal that is driving up energy costs and limiting choices available to consumers. Average electricity prices have jumped nearly 10% so far this year; that’s because Biden’s wrong-headed and ill-planned push for renewable energy like wind and solar power is pushing costs higher. 

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Remember: the price of natural gas is down 56% from last year and coal prices have fallen 68%; combined, those two fuels account for 60% of electricity production. That should mean electricity prices are coming down, too. They are not and you can thank the Biden mandates

Meanwhile, mortgage costs have jumped to nearly 7% from 2.8% when Joe Biden took office, thanks to the Fed’s effort to rein in Bidenflation. At the same time, median home prices have held almost steady; the combination means the monthly cost of paying for a home is up nearly 50% since the start of 2021, making homeownership out of reach for millions of Americans. 

Biden’s administration has also doubled down on trying (illegally) to pay off student loans, a program clearly not targeted to the middle class. Using Federal Reserve data, Brookings reports the “highest-income… households (those with incomes above $74,000) owe almost 60% of the outstanding education debt and make almost three-quarters of the payments.” 

Because of existing programs aimed at helping financially-strapped students, “out-of-pocket loan payments are concentrated among high-income households; few low-income households… are required to make payments.” Biden, in effect, is bailing out elites who stand to earn millions more over their lifetimes because of their education. 

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But how about those “new” 800,000 manufacturing jobs that Biden boasts about? Isn’t that a boost to the middle class? No, it’s another lie. As of June, the U.S. had just under 13 million people employed in manufacturing, seasonally adjusted; in December 2019, just before COVID shut down the country, there were just under 12.9 million people employed in manufacturing. In short, what “new” jobs? 

Bloomberg recently reported: “Since rates started climbing in March 2022, the inflation-adjusted value of assets held by the middle class has fallen 6%, or $2.4 trillion, according to the Berkeley economists and their realtimeinequality.org tracking tool. On average that equates to a $34,000 hit per middle-class adult.” 

How are families coping with lower real wages, lower wealth and rising prices?  They are taking on debt; home equity borrowing jumped $3 billion in the first quarter of 2023, the fourth rise in as many quarters after 13 years of decline. Further, Bloomberg reports, “The middle class held $7.8 trillion of the $18.3 trillion in debt owed by US households at the end of 2022. That was $1 trillion more than at the end of 2019.” 

In April, a Monmouth poll found, “Just 10% of Americans say middle class families have benefited a lot from Biden’s policies so far while 51% say the middle class has not benefited at all.” 

Is it any wonder that middle-class Americans are not racing to support President Biden?

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Liz Peek is a Fox News contributor and former partner of major bracket Wall Street firm Wertheim & Company. A former columnist for the Fiscal Times, she writes for The Hill and contributes frequently to Fox News, the New York Sun and other publications. For more visit LizPeek.com. Follow her on Twitter @LizPeek.

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