Clinton's Stock Declining in Futures Market by Michael Barone
Is the market in Hillary Clinton futures collapsing? Quite possibly so.
Is the market in Hillary Clinton futures collapsing? Quite possibly so.
Even as Republicans are about to regain a majority in the Senate after eight years in the minority, the conventional wisdom around Washington is that Democrats are likely to win back that majority again in 2016. That's certainly possible, but it's short of a slam dunk.
No one in Washington much cares what House Democrats do these days. House rules tend to ensure that the main job of members of the minority is to show up, vote "no" and lose. And in the next Congress, Democrats will have fewer seats in the House than they've had since 1929 and 1930.
Last spring, you may remember, the French economist Thomas Piketty was all the rage in certain enlightened circles. His book "Capital" shot up to the No. 1 spot on bestseller lists, and many economists praised his statistics showing increased income and wealth inequality. Piketty argued that, absent a world war, returns to capital will exceed economic growth, inevitably producing growing inequality in the 21st century.
"When the facts change, I change my mind," economist John Maynard Keynes said when charged with inconsistency. "What do you do, sir?"
As President Obama threatens to stretch his power to faithfully execute the law to a breaking point by effectively legalizing some 5 million illegal immigrants, perhaps I owe readers an explanation of my own changes of mind on immigration.
Were the polls wrong? It's a question asked after every election. Sometimes, as in 1948, the answer seems as obvious as the answer to the question, "Why did Custer lose at Little Bighorn?" Sometimes the answer is less obvious, as it is this year.
If you're a political junkie -- or at least if you're a conservative political junkie -- you've probably seen the map. It's a map of the United States showing the congressional districts won by Republicans in red and those won by Democrats in blue.
It looks almost entirely red, except for some pinpoints of blue in major metropolitan areas and a few blue blotches here and there -- in Minnesota, Northern New Mexico and Arizona, Western New England, along the Pacific Coast.
Looking back on the 2014 election cycle, I see two largely unnoticed turning points that worked against Democrats and in Republicans' favor.
The first came in response to the October 2013 government shutdown. This was blamed, as shutdowns usually are, on Republicans, partly because of their skepticism about big government, and partly because media professionals tend to fault the GOP in any partisan fight.
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Some observations on the election:
(1) This was a wave, folks. It will be a benchmark for judging waves, for either party, for years.
Michael Barone, senior political analyst at the Washington Examiner, (www.washingtonexaminer.com), where this article first appeared, is a resident fellow at the American Enterprise Institute, a Fox News Channel contributor and a co-author of The Almanac of American Politics. To find out more about Michael Barone, and read features by other Creators writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.
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See Other Political Commentary.
See Other Commentaries by Michael Barone.
ations on the election:
Before the election results are in, and keeping in mind that there may be some unpleasant surprises for one party or the other -- or both -- it's possible to assess how the Democratic Party has fared under the leadership of President Obama. To summarize the verdict: not so well.
Sherlock Holmes famously solved a mystery by noticing the dog that didn't bark in the night. Dogs that are not barking at night -- nor in prime time -- provide some useful clues to understanding the significance of this year's election.
On Oct. 27, 1964, 50 years ago Monday, a movie actor and television host delivered a 30-minute speech on primetime national television in support of the presidential candidacy of Barry Goldwater.
You probably haven't read much commentary about this year's elections to the House of Representatives. There's a good reason for that: The majority in the Senate is up for grabs, but it's clear to everyone who follows these things that Republicans will continue to control the House. But there are lessons to be learned from this year's House races, some of them relevant beyond this election cycle.
The House math is fairly simple. Republicans won 234 House seats in 2012 and Democrats 201. There are three vacant seats now, but neither party has gained a seat in a special election or by a party switch.
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Francis Fukuyama picked an auspicious publication date for his latest book, "Political Order and Political Decay." The news is full of stories of political decay: the Centers for Disease Control and Ebola; the Department of Veterans Affairs' health service; the Internal Revenue Service political targeting.
Europe gives us the dysfunctional euro and no-growth welfare states. Not to mention failed states in the Middle East and the Russian invasion of Ukraine.
Michael Barone, senior political analyst at the Washington Examiner, (www.washingtonexaminer.com), where this article first appeared, is a resident fellow at the American Enterprise Institute, a Fox News Channel contributor and a co-author of The Almanac of American Politics. To find out more about Michael Barone, and read features by other Creators writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.
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One question I'm asked in every electoral cycle is, "What are the surprise races in this election?" My answer in recent years has been, "There are no surprises, because any unexpected development becomes universally known in seconds."
Things are spinning out of control. Out of control, at least, by government, and by the United States government in particular. You don't have to spend much time reading the news -- or monitoring your Twitter feed -- to get that impression. Armed fighting in Ukraine. Islamic State beheadings in Iraq and Syria. Hundreds of thousands of demonstrators in Hong Kong.
"Even opposition lawmakers who have spent the last six years fighting his every initiative have expressed deep worry for his security."
Republicans seem to be pulling away in the race to win a majority in the U.S. Senate. At least this week.
In mid-September, several polls seemed to be going the other way. The well-informed Washington Post analyst Chris Cillizza wrote that for the first time in this election cycle, odds favored the Democrats keeping their majority.
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President Obama's speech at the United Nations last week was "an important turning point in American foreign policy -- and in his presidency." That's the verdict of Brookings Institution scholar and former Clinton White House aide William Galston, a Democrat who has not been an unqualified admirer of this Democratic president's foreign policy.
Whether Obama's decision to launch air strikes against the Islamic State of Iraq and Syria and Khorasan terrorists is a turning point, it was at least a move in the direction of a tradition in American foreign policy that has been conspicuously lacking in his administration.
Last week, the voters of Scotland, in a heavy turnout and from age 16 up, decided not to disunite what has been arguably one of the most successful and beneficial nations over the last 307 years, the necessarily clunkily named United Kingdom of Great Britain and Northern Ireland.
It was a relatively close-run thing: 45 percent voted for an independent Scotland, just 383,000 fewer than voted for Scotland to remain part of the now-not-necessary-to-be-renamed UK.