Biden And Bernie

Grind for May 13th, 2019
“I’ve always won, and I’m going to continue to win. And that’s the way it is.”

– Donald Trump


The Headline

Biden surges ahead in early polling

The Grind

As election times draws near, there’s one thing voters from every party get excited about: the polls.

And while the 2016 election taught us that we can’t put too much faith in polls, people want to see them anyway.

The figures below come from Real Clear Politics (RCP), a polling aggregator that takes averages based on information from a wide variety of mainstream and lesser-known sources. In theory, RCP averages should be more accurate than individual polls.

The Details

President Trump Job Approval.

Data collected in April and May suggests Trump’s job approval rating is at its highest point since March of 2017: 45.1% approve and 52.3% disapprove.

2020 Democratic Presidential Candidates

As expected, Joe Biden is taking an early lead in the polls with 41.4%. We expect this to drop off quickly as his opponents continue to attack him over his voting record.

RCP has Sanders the Socialist in second place with 14.6%.

Much further behind is Fauxcahontas with 8% and Kamala Harris with 7%.

Pete Buttigieg and Beto O’Rourke have fallen completely off the radar with 6.6% and 4.4%, respectively. Cory Booker, Amy Klobuchar, and Andrew Yang all scored less than 3%.

Could Biden defeat Trump?

The liberal media is convinced Biden could defeat Trump, even though much of the Democratic Party doesn’t want him as their nominee.

In an article published last month, Morning Consult predicted Biden would defeat Trump 42% to 34% in a hypothetical race.

Even if this poll is accurate, Morning Consult’s numbers are nothing to go by this early in the race.

My prediction: Everyone knows who Joe Biden is, so of course all Democrats polled would choose him in a match-up against Trump (whom they hate). But Biden’s popularity has already dropped since January and will continue to do so as voters become more familiar with the other candidates.

As Expected

The Headline

Bernie Sanders and Alexandria Ocasio-Cortez team up to fight credit card debt

The Grind

A proposal introduced Thursday by Senator Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY) seeks to reduce credit card debt by capping interest rates at 15%.

Currently, the average interest rate for credit cards is 17.7%.

“It’s expensive to be poor,” argues Sanders. “If you’ve got nothing in the bank and living paycheck to paycheck, you’ve got to borrow money from a bank through the use of your credit cards.”

The proposal would impose significant restrictions on credit card companies and on short-term loans (including payday loans), but would give the Fed leeway to alter rates during emergencies.

The bill also urges the US Postal Service to start offering cheap banking services – an idea that would give consumers more options and create more income for the Postal Service as it struggles to compete with Amazon.

The Details

The proposal is typical for Sanders, a lifetime critic of Wall Street who demands that financial policies be structured with the working class in mind. And while the proposal is unlikely to make it through the GOP-controlled Senate, it does present an important issue for him to talk about during his presidential campaign.

Ocasio-Cortez’s participation here is expected, given that she tends to agree with everything Sanders says.

Last month, she supported his controversial push to restore voting rights to prisoners. This month, she joined him in his support for striking Uber and Lyft drivers who are demanding increased wages, an end to unfair terminations, and caps on the amount of money received by the companies.

Author’s Note: The symbiotic relationship between Sanders and Ocasio-Cortez provides several advantages:

For Sanders: AOC offers energy, fame, and sex appeal that is sure to grab voters’ attention ahead of the 2020 election.

For AOC: Sanders is an experienced politician to whom she can turn for guidance and advice; and in the eyes of some voters, support from Sanders helps validate her wild ideas. Let’s just hope she isn’t mistaken for his trophy wife.

Did you know… 90 percent of women who walk into a department store immediately turn to the right.