Showing posts with label Fiorina. Show all posts
Showing posts with label Fiorina. Show all posts

Tuesday, September 15, 2015

Second GOP Debate Preview

For the past several months I have been intending to write a preview of next year's general election. But this Republican primary is just too entertaining to not obsess on their sideshow. Their second debate is tomorrow night and I wanted to update my forecast before this blessed event. But first a few observations about The Greatest Show on Earth

What We Have Learned About the 2016 Electorate.


1. The Fox News Effect is Real.  For seven years the yammering faces of Fox News have been selling their audience a steady stream of anger and vitriol directed towards the President and sometimes toward the Republican establishment. The audience bought it. And now the closest proximity to this product in the field is Donald Trump.  A frequent contributor to Fox & Friends, Trump has merely taken his shtick to the competitive field. And the same people are buying it.  

The most entertaining thing on television is watching Fox personalities like Charles Krauthamer and George Will act completely perplexed by Trump's domination of the field. They seem to legitimately not understand why the same people who watch their shows are enamored with the idea of a brash jerk who likes to insult people and offer simplistic solutions to all the world's problems. It's like they didn't know O'Reilly and Hannity have shows on their channel.  If Trump is the Monster of this election cycle, then Rupert Murdoch is its Doctor Frankenstein.

2.  Trump's Citizens United Jujitsu is Pure Brilliance. The biggest problem in the American political system was created by the Supreme Court just a few years ago, when they essentially deregulated Super PACs. The political process is now dominated by ever-larger donations from an ever-small class of extremely rich people.  The problem seemed to favor the Republican party who therefore had no incentive to do anything to reverse it. But they may soon be regretting that because Donald Trump's number one talking point has been that he is immune to the obvious corruption created by this system. He's self-financing his campaign and he does not have a Super PAC.  His number one talking point is stating the obvious: the rest of the field is compromised by these donations and they enter office under a cloud of malfeasance for all the favors they owe people.

Despair is the growing mood surrounding this election. But if you're the optimistic sort, then you might want to ponder the possibility that Trump mania just might convince the Republican party that unlimited donations by a tiny class of oligarchs is not the way to run a democracy. Who knows, maybe they will even agree to some non-trivial reforms. But only if they get their ass kicked first. 

3. The Republican Base Hates the Republican Establishment. At the start of the primary season I thought three candidates had clear, reasonable paths to the nomination: Rubio, Walker and Bush. Nate Silver agreed with my assessment, saying that each of these three candidates had approximately 25% chance of being the nominee, with the remaining quarter spread out among the field.  The most recent polling in Iowa and New Hampshire have all of these men stuck in the mid single digits. Some polls have them getting 12 or 13 percent...combined. (The most recent national poll has Scott Walker at just 2 percent; Bush and Rubio are tied at six.)

Trump's rise is only party explained by his incredibly brash persona. The second layer of his popularity is explained by his ability to whip up the base's emotions without committing to some of the really stupid aspects of Republican dogma. He's willing to say things about taxes, healthcare and even the Iran deal that would get Rubio, Walker or Bush killed by the right-wing talking heads.  The path forward is very long and filled with booby traps. It is unlikely that Trump will navigate them all safely.  But it's a lot more likely than anyone other than Trump himself could have forecast just 60 or 90 days ago.  

4. Hillary is still a lousy candidate but also still the heavy favorite to win the election.

The Questions I Would Ask.

If I were a panelist and had the opportunity to ask the candidates one question each, I would ask the following (in rough order of polling status):
1. Donald Trump.  You have indicated a willingness to raise income tax rates on wealthy Americans. If so, what is the lowest income amount that you would consider raising rates on. (Hopefully he'll give some spectacular Lucille Bluth answer like "How much can one banana cost, ten dollars?)

2. Ben Carson.  Doctor Carsson, Governor Jerry Brown of California recently sent you a flash drive filled with information about the evidence for climate change.  Have you reviewed that evidence and what is your assessment of its merits?  (I'd make his title sound like Tommy Lee Jones announcing the manhunt for "Doctor" Richard Kimble.)

3. Jeb Bush.  You recently announced a tax plan. Outside experts have calculated that 53% of these cuts will benefit the wealthiest 1% of society. Is that enough?

4. Marco Rubio.  You seem like a polite young man. Say something nice about Hillary Clinton.

5. Ted Cruz. You went to Princeton and Harvard Law School. Shouldn't you know better?

6.  Mike Huckabee. Do you believe the first amendment of the constitution applies equally to Christianity and other religions and why not?

7. Carly Fiorina.  The value of HP stock surged by three billion dollars when your resignation was announced. Why was Wall Street so glad to see you go?

8. John Kasich. You are one very few Republican governors who accepted an expansion of Medicaid under Obamacare. Has this decision benefited Ohio and would you as President encourage other states to expand Medicaid further?

9.  Rand Paul.  Would you be willing to make any reduction to the foreign aid that the United States gives to Israel?

10. Scott Walker. Do you think your anti-union policies will be a hindrance to the Republican party in the general election if you are the nominee?

11. Chris Christie.  You once behaved decently toward the President of the United States during a major natural disaster. One a scale of 9 to 10, how much do you regret that decision?

And no, I'm not wasting my time on questions for the kiddie table debate.

Without further, ado, I spill out a little of my 40 for Rick Perry's Historic 17th place finish and give you this:

 Updated Forecast

CandidatePre 1st debatePost 1st DebatePre 2nd DebateChange
Trump2187
Bush 343124-7
Walker322922-7
Rubio232826-2
Huckabee331-2
Santorum1110
Paul2110
Cruz1121
Kasich1264
Carson0033
Christie0000
Jindal0000
Fiorina0231
Graham0000
Perry00X--
Pataki0000
Gilmore0000
The Field1132

Saturday, August 8, 2015

1st GOP Debate Fall Out

The biggest news from the first debate is that Fox News has turned on Donald Trump.  For all 7 years of the Obama presidency they have happily given him a platform to pronounce how terrible the Obama administration is.  Once or twice a week he would phone into "Fox & Friends" and plug up some air time with his droll commentary about where Obama was born and why China was "beating" the United States at everything. It was a symbiotic relationship.

Once Trump announced he was running for president, they had to scale back his presence on the shows. But the Fox team seemed to enjoy the early moments of Trump mania. But eventually it got out of hand. By the time of the first debate, he was doubling the nearest competitor in all the early state polls. (He actually has a 3 to 1 lead in South Carolina, a state not known for loving Yankees.)

The debate was crafted to make Trump look as bad as possible. They started with a show of hands question designed to make the crowd boo him. Then Megyn Kelly called him on his sexism. The very same shtick that her network has ridden for ratings glory the past 7 years was now being used as a cudgel against his orange-quaffed head.  Things didn't get much better after that. By the end of the night, Mr. Trump was staying up at his beautiful, classy, luxurious, Cleveland hotel room tweeting about how mean Megyn was to him.  Thirty tweets in all, between the hours of 2:30 and 4:30 AM.

The next day he continued the attack against Fox pollster Frank Luntz, calling him a loser who once tried to beg for consulting work with Trump's empire.  Priceless stuff.  The best outcome of this nuthouse in-fighting has been the new conspiracy theory that the Trump campaign is actually an outgrowth of a collusion between Trump and the Clintons to get Hillary elected. This has the very ring of all the right-wing conspiracy theories.  Trump won't be the nominee. But he might run as a third party candidate. Now he might just run to spite Fox News. And next year, if  Hillary wins with say, 50% of the vote, to Rubio or Bush's 46% and Trump's 3 or 4 percent, the teeming masses of low-information votes will know who to blame.  But there will be plenty of blame to go around, for both Dr. Frankenstein and the Monster he waited too long to kill.

On a happier note, two candidates stood out during the debates.  Marco Rubio was the clear winner on substance in the prime-time debate. He still comes across as a little too green for the Oval Office, but he had the best night. And in the earlier debate Carly Fiorina stood out for her ruthless ability to say mean things about Hillary Clinton.  She is having a moment, and I expect this will lead to her making the prime-time debate next time around, probably at the expense of Chris Christie. Christie was 9th in the polls before Cleveland but Kasich also had a solid performance and Christie was obviously underwhelming to the Republican crowd.  I think he will slip to 11th.

Fiorina now has a path to the nomination. It is remote and it will probably go away as people begin to look at her dreadful record as CEO of Hewlet-Packard. But she connected with the base and she has a certain "Little Engine That Could" feel to her now.  If Fox News continues to turn on Trump, she may become their new darling.

Before the prime-time debate I went to Paddy Power, an Irish betting web site and wrote down the betting line for each of the top ten candidates to win the nomination.  I post them below next to the current odds, about 36 hours after the first debate.  There has been very little movement after the debate among the top ten, although Walker and Kasih got modes bounces.  I did not note what Fiorina's odds were before the debates, but I'm sure they were longer than 20 to 1. She has had the most buzz in the past 48 hours, and I'm sure the punters have noticed.

Paddy Power Pre-debate  Post Debate
Trump 8 to 1 8 to 1
Bush  5 to 4 5 to 4
Walker 4 to 1 5 to 2
Rubio 6 to 1 7 to 1
Huckabee 20 to 1 25 to 1
Santorum n/a 40 to 1
Paul 10 to 1 10 to 1
Cruz 25 to 1 25 to 1
Kasich 16 to 1 14 to 1
Carson 16 to 1 20 to 1
Christie n/a 16 to 1
Jindal n/a 33 to 1
Fiorina n/a 20 to 1
Graham n/a 66 to 1
Perry n/a 40 to 1
Pataki n/a 66 to 1
Gilmore n/a 66 to 1

Now back to my subtective forecast.  I have 4 columns this time, fore my pre-debate numbers, Nate Silver's pre-debate numbers, my current numbers and the change in my numbers before and after the debate. I don't think Nate Silver has updated his subjective forecast yet. He's not very big on subjective and I suspect he'll only do it again right before Iowa.


Candidate Pre-debate Nate Silver Post 1st Debate Change
Trump 2 2 1 -1
Bush  34 28 31 -3
Walker 32 28 29 -3
Rubio 23 21 28 5
Huckabee 3 3 3 0
Santorum 1 0 1 0
Paul 2 3 1 -1
Cruz 1 1 1 0
Kasich 1 6 2 1
Carson 0 1 0 0
Christie 0 3 0 0
Jindal 0 1 0 0
Fiorina 0 1 2 2
Graham 0 1 0 0
Perry 0 0 0 0
Pataki 0 0 0 0
Gilmore 0 0 0 0
The Field 1 1 1 0


There are only 4 crooked numbers in that last column. These reflect Rubio gaining a bit at the expense of the other 2 top tier candidates and Carly Fiorina getting her boomlet.