Both played to strengths as Sanders hit the grim political realities while Michelle made an impassioned emotional appeal
After a night of sometimes odd, at times emotional pre-recorded, speeches and clips, the standouts and the historic was the trio of Kasich, Sanders and Michelle Obama. Kasich was the final speech in a series of clips devoted to Republicans, many former or current office holders, as well as voters, all passionately supporting Biden, mainly pointing out his many human and “decent” traits that so clearly set him apart from the cruel and chaotic man in the White House. Kasich’s speech was powerful and intense, and covered virtually every point, which was somewhat remarkable since this was, at nearly 10 minutes, far more than a sound bite.
Sanders then used his more than 8 minutes to target the rise of Authoritarianism that “so many of our heroes fought and died to defeat”, as well as how the “unthinkable has become normal”. He seemed to work hard to make it clear that he wants his large number of followers, the co called “Bernie Bros” to vote Biden and that he wants to work together with all factions, even conservatives, to defeat Trump and contribute to implementing solutions for the nation’s many serious problems.
Nearly half of his speech was about Biden’s projected policies and how he (Sanders) supports those, even going into detail on the economy, climate change, health care and more. The details even went as far as comparing his (Sanders’) proposed plan for universal health care and how Biden’s less comprehensive plan was nevertheless one that he could support 100%.
In closing he listed off the tragic-comic list detailing just how bad a Trump victory would be for the Economy, the Nation and even the Planet:
“the future of our democracy is at stake, the future of our economy is at stake, the future of our planet is at stake. We must come together to defeat Donald Trump and elect Joe Biden and Kamala Harris as our next president and vice president. My friends, the price of failure is just too great to imagine”.
Bernie Sanders at the virtual DNC 2020
Then, closing out the first evening of the first ever ‘virtual’ convention, Michelle Obama, hit hard but remained emotionally centered as she continued to say “go high” but emphasized “standing fierce against hatred”. Then, clearly referring to Trump; “Going high does not mean puttin’ on a smile and sayin’ nice things when confronted by viciousness and cruelty” and “scraping and clawing our way to the mountain top”. “We’ve got to vote for Joe Biden like our lives depend on it” she intoned as millions listening silently thought “because they do”.
The rousing yet softly intoned plea was equal parts a testament to Biden’s compassion and character and a dignified take down a the man that who is “cannot meet this moment” and “clearly in over his head”. “He simply cannot be who we need him to before it is what it is” she said in the only and indirect reference to his many lies and undignified pronouncements. When asked about the massive numbers of covid deaths Trump shockingly tossed off the phrase “it is what it is“.
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And, no, this is not a Conspiracy to Stop Trump from Getting Re-elected
This week, so far, the Dow Jones Industrial Average lost over 1900 points in two days. Although the percentages were not record breaking the point totals qualified as the third and fourth highest loses ever. In the S&P the two day loss percentage was the largest since 2015: 6.3%, while the dollar calculation in market value for that same index was $1.7 trillion, as tabulated by S&P Dow Jones Indices.
In addition to the supposed calculations above the an all time record low for the 10-year Treasury yield was also noted. It is possible that in some cosmic way all of these factors played a role, except perhaps Trump’s delusional conspiracy theory.
You can be sure that if the market continues to decline in a prototypical Bear market pattern, the President will twist this theory and any other that comes to mind in an effort to blame anyone and anything. And, in truth, the coming issues trace back to the stimulus “rescue” actions (TARP) taken in 2008 and many actions not taken since. However, that does not absolve the current occupant of the White House of his ill-advised self-congratulations each time the market made new highs.
There is a perverse tendency to ascribe correlation to virtually anything that is negative in the news on a given day to a concurrent stock market decline. The same bad news on a day the markets rise suddenly morphs into strong “shrugging off” of the “headwinds” or are seen as proof of a “resilient” bullish potential.
From the Ridiculous to the Sublime, Creative Explanations for the Consecutive Down Days Abound
How about Senator and Presidential candidate Bernie Sanders causing $1.7 trillion in losses by threatening to become the democratic nominee – which could happen maybe in July? Or it’s just a “Black Swan” out of nowhere a one in a trillion event that is aimed at some specific detail in your life – like Trump projecting that this is all a plot to ruin his re-election hope. All just reasons to pretend that Bull markets are not followed, inevitably, by Bear markets, which, unfortunately they always are.
However, as counterweight to that pattern of assuming a correlation where there is none, are other facts. Such as the fact that the Coronavirus has been known and killing people for months and during that entire time the markets have risen substantially.
And, further, these kinds of superficial causality explanations fail to add context of anything beyond news stories. For example, this has been a nearly 11 year Bull market, the longest in history and more than twice as long as the 4.5 year average.
The measurements that show a likely peak in sentiment and a potential end (bull markets are always followed by bear markets, without exception) to the climb have been flashing red for some time. Of course, since many pundits are invested, literally, in an endless continuation of rising stock prices, there are those that argue that there were several tiny baby bear markets during the last decade, which would negate the longest ever status.
Many indicators and the wise predictors among asset managers are pointing towards at least a drop of 38% likely, which would qualify as a Bear market, but that is also a very conservative estimate.
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Further, if available data and common sense are taken into consideration, it is possible that the markets could regain what has been lost in the last week and once again enter positive territory for the year. It is not likely, however, that any such bounce would be anything beyond a temporary respite before the Bear is back.
And the Cornavirus? We all hope that it will be contained and we can all rest a little easier. But don’t plan on stocks having a lock on the ups and downs of that saga, anymore that they are trading in lock-step with the trade war with China, for example. It is absolutely possible that both of those issues could be resolved and have no positive impact on stock prices whatsoever. Of course, if that happened there would be a new convenient scapegoat waiting in the wings.
All that being said, for anyone holding substantial sums in the markets, or if you happen to be an incumbent President, there is a dose of double trouble in the wind. Both the rapid plunge in stock prices and the rise of a potential global pandemic are negative and scary. One just doesn’t happen to be the cause of the other.
Even Democrats are Repeating the Nonsense that Sanders is “Putin’s Choice”
On February 21st, Democratic Presidential Candidate Bernie Sanders revealed in an interview that, about a month ago, U.S. Intelligence Dept. Officials briefed him that Russia has plans to ‘assist’ him in the 2020 election. Sanders response to the prospective foreign assistance was direct—he told Russia to “Stay out of American elections, and as president I will make sure that you do.”
The Vermont Senator also went on to call Russian President Vladimir Putin “an autocratic thug” and clarified, “Unlike Donald Trump, I do not consider Vladimir Putin a good friend… I stand firmly against (Russia’s) efforts, and any other foreign power that wants to interfere in our election.” He speaks of course of Trump’s close relationship with the Russian leader, and of Trump’s encouragement, in plain sight, of Russian interference in his 2016 campaign.
Despite Sander’s straight answer to the news regarding Russia, Trump was not hesitant to bring it up during a Las Vegas rally the day before the Nevada caucus. He quipped about Bernie honeymooning in Moscow and snidely warned Democrats to be careful about foreign interference in elections. Then, he bragged that Putin really wants four more years of Trump.
Trump’s snarky speech is ironic given the fact that when Director of National Intelligence Joseph Maguire first informed the President about Russia’s support of him for 2020, he reportedly threw a fit, angry that Maguire would disclose such information with Democratic nemesis Adam Schiff in the room. Even though reporting such activity to the POTUS is part of the DNI job description, Trump ended up terminating Maguire for, essentially, telling the truth and doing his job.
No one Knows Who is “Electable” even though all the Candidates Try to Claim they are the One that can Beat Trump
The conventional wisdom is that only a moderate centrist Democrat can defeat Trump. There are, however, only a lot of theories, based on the standard data, to support this contention and the same people espousing those theories are the ones that said that Hillary, based on the same methods of predicting election outcomes, would beat Trump with ease.
Bernie Sanders does have “extreme” proposals, compared with the bland, compromise based plans of the more moderate wing of the party. Maybe, just maybe, going up against the most extreme most volatile and completely corrupt politician in recent history requires an extreme challenger? Trump will cheat and lie, that is clear, and someone to take him on must be ready for that and must be able to show that he (or she) can survive the shit storm he will create and then take the country out of this nightmare.
You can not compromise with a sociopath.
2016 All Over Again but with a twist, and perhaps, a Different Outcome
The propaganda spin that appears to have been planned long in advance seems to be working already. Viewing various tweets from Democrats who are not aligned with Sanders indicate that they are actively parroting the Putin planted misinformation.
The two threads they have, apparently subconsciously, picked up are:
A – Sanders has no chance and the proof is that he is the Putin’s preferred opponent for Tump (unsubstantiated inferences stated as fact and as original thought)
Or
B – That Sanders is going to be called a Communist (or is a Communist) and that his past, regardless how innocent compared to Trump, makes him an easy target that he has no chance to win in the general election. There are even those that posit that he must be a Communist because Putin “likes” him.
In other words, they have taken the bait, hook, line and sinker.
According to the New York Times:
The Russians have been preparing — and experimenting — for the 2020 election, undeterred by American efforts to thwart them but aware that they needed a new playbook of as-yet-undetectable methods, United States officials said
They have made more creative use of Facebook and other social media.
Rather than impersonating Americans as they did in 2016, Russian operatives are working to get Americans to repeat disinformation, the officials said. That strategy gets around social media companies’ rules that prohibit “inauthentic speech.”
(emphasis mine)
Typical examples of the parroting of the Russian disinformation:
Not even close…tells us something when Russia and trump are fronting for him…
The disturbing thing is that these supposedly intelligent Democratic voters are immediately jumping to the first thoughts that Putin has planted in their minds.
The real truth is that Sanders is the most dangerous candidate to both Trump and Putin and should be seen as such. They have an elaborate plan to stop him but they fear that he will do the one thing that they can not overcome; awaken the American people to the power they already have.
And Outsider Rises Up in Spite of Both Republican and Democrat Establishments being Against Him: Sound Familliar?
The cable news pundits have already started repeating that Sanders, “a socialist candidate” has little chance to win and will hurt down ballot races for the House and Senate. Naturally, they have no proof of this and no idea if another candidate would do any better in that regard. They are parroting conventional “wisdom” and creating noise just like Putin wants.
There are also already rumblings and propaganda-troll posts that are implying that because Sanders was in Moscow many years ago on his Honeymoon (supposedly) that he is therefore, obviously, a Communist.
The fact that so many have taken it at face value that Putin is “helping” him, although zero evidence has been revealed and no details exist showing what exactly this “help” consists of, creates a perfect launching pad for what is likely to be the most blatant and ridiculous-nonsense mudslinging contest in history.
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On the other side is the rock-solid record and consistency of Sanders. People can disagree with his goals and platform but it will be difficult, indeed, to rattle him when trying to sling random insults and trying to make up lies about him to dissuade those who have followed his political career.
Likewise, Trump’s response to the briefing—both his hysterics in Washington and his jests in Vegas—illustrates a subliminal touch of fear. Fear that Bernie will win the primary, which he did, “bigly”, without but in reality in spite of, supposed Russian assistance.
As Bernie leads the Democratic race after definitive wins in New Hampshire and Nevada, it is looking increasingly likely that it will ultimately come down to “Trump v. Sanders” in November.
Trump and the Republicans will undoubtedly try to turn this murky Russian briefing report against Bernie again, spinning the wheels of propaganda over and over. We can all relate, in the meantime to the sentiment of Bernie’s final word when interviewed on the topic on the eve of the Nevada Caucuses: “I don’t care, frankly, who Putin wants to be president.”
