December 27, 2019
The Campaign Money Industrial Complex
The current Democratic presidential primary with its fifteen surviving candidates is a political spectacle of the first order. Oddities abound, for example, several former governors and members of Congress, many with illustrious records, have dropped out yet others, notably Andrew Yang, Marianne Williamson and Tom Steyer, still hang on despite having zero political experience. Equally odd, two of the leading contenders in the pack, Senators Warren and Sanders, openly espouse views which only a few years ago would have been far beyond the ideological mainstream, for example, open borders, drastic tax increases and a hodgepodge of socialist-flavored hyperexpensive entitlements. So much for the old truism that American politics favors moderation and consensus. Meanwhile, the proliferation of candidates means that candidates able to garner a mere 20% in a poll or two, normally judged a paltry level of public support, are anointed as frontrunners though their supporters may only be a...(Read Full Article)
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