How Democrats Lost Voters With a ‘Compensate Losers’ Strategy
https://www.nytimes.com/2023/11/06/opinion/democratic-party-inequality-biden.html
The argument, in a nutshell, is that the Democratic Party has gained educated voters but lost less educated voters because of a change in how it tried to help the working class and the poor. Instead of trying to prevent market forces from generating inequality, it has leaned toward giving free rein to market forces and then fixing the resulting inequalities through the tax-and-transfer system, taking some of the gains of the most successful and sharing them with the least successful.
“Compensate the Losers?” Economic Policy and Partisan Realignment in the US
https://www.nber.org/papers/w31794
https://www.nytimes.com/2023/11/06/opinion/democratic-party-inequality-biden.html
The argument, in a nutshell, is that the Democratic Party has gained educated voters but lost less educated voters because of a change in how it tried to help the working class and the poor. Instead of trying to prevent market forces from generating inequality, it has leaned toward giving free rein to market forces and then fixing the resulting inequalities through the tax-and-transfer system, taking some of the gains of the most successful and sharing them with the least successful.
“Compensate the Losers?” Economic Policy and Partisan Realignment in the US
https://www.nber.org/papers/w31794
The Democrats Are Their Own Worst Enemy
https://www.nytimes.com/2023/11/02/opinion/democrats-elite-judis-teixeira.html
Pamela Paul:
Much of the Democratic Party’s agenda has been set by what Judis and Teixeira call the “shadow party,” a mix of donors from Wall Street, Hollywood and Silicon Valley, wealthy foundations, activist groups, the media, lobbyists and scholars.
Democratic leaders seem too willing to settle for a kind of cheap progressivism — a carbon-neutral, virtue-signaling, box-checking update on what was once called limousine liberalism. But the Democratic Party cannot win and America cannot flourish if it doesn’t prioritize the economic well-being of the American majority over the financial interests and cultural fixations of an elite minority.
Biden has curtailed some of its shadow party’s economic agenda — less so its cultural and social policies. There, Judis and Teixeira argue, the party seems bent on imposing a narrow progressive stance on issues like race, “sexual creationism” (commonly known as gender ideology), immigration and climate, at the expense of more broadly shared beliefs within the electorate.
https://www.nytimes.com/2023/11/02/opinion/democrats-elite-judis-teixeira.html
Pamela Paul:
Much of the Democratic Party’s agenda has been set by what Judis and Teixeira call the “shadow party,” a mix of donors from Wall Street, Hollywood and Silicon Valley, wealthy foundations, activist groups, the media, lobbyists and scholars.
Democratic leaders seem too willing to settle for a kind of cheap progressivism — a carbon-neutral, virtue-signaling, box-checking update on what was once called limousine liberalism. But the Democratic Party cannot win and America cannot flourish if it doesn’t prioritize the economic well-being of the American majority over the financial interests and cultural fixations of an elite minority.
Biden has curtailed some of its shadow party’s economic agenda — less so its cultural and social policies. There, Judis and Teixeira argue, the party seems bent on imposing a narrow progressive stance on issues like race, “sexual creationism” (commonly known as gender ideology), immigration and climate, at the expense of more broadly shared beliefs within the electorate.
The Fed Could Inadvertently Get Trump Re-Elected. Should It Care?
https://www.nytimes.com/2023/11/01/opinion/federal-reserve-trump-biden.html
https://www.nytimes.com/2023/11/01/opinion/federal-reserve-trump-biden.html