{"id":13036,"date":"2023-12-19T15:47:17","date_gmt":"2023-12-19T15:47:17","guid":{"rendered":"https:\/\/shareperformanceinsight.com\/index.php\/2023\/12\/19\/bidens-2024-election-insurance-policy-might-surprise-you\/"},"modified":"2023-12-19T15:47:17","modified_gmt":"2023-12-19T15:47:17","slug":"bidens-2024-election-insurance-policy-might-surprise-you","status":"publish","type":"post","link":"https:\/\/shareperformanceinsight.com\/index.php\/2023\/12\/19\/bidens-2024-election-insurance-policy-might-surprise-you\/","title":{"rendered":"Biden\u2019s 2024 election insurance policy might surprise you"},"content":{"rendered":"
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Democrats are marching through various stages of grief as they contemplate President Joe Biden running for reelection in 2024. They have variously been hopeful, worried, frantic \u2026 and now they\u2019re getting downright angry.\u00a0<\/p>\n

Far-left columnist Harold Meyerson, editor of the liberal magazine American Prospect, is furious that more Democrats have not jumped into the race. His latest piece asks, \u2018Are the Democrats sleepwalking to disaster?\u2019 Disaster, of course, being the election of Donald Trump, who will bring the U.S. \u2013 according to Meyerson\u00a0\u2013\u00a0to the \u2018brink of authoritarian rule.\u2019\u00a0<\/p>\n

The former Washington Post writer says Biden has been an \u2018excellent president,\u2019 but is concerned that he is \u2018the candidate least able to defeat Donald Trump.\u2019 Meyerson is certainly not alone; a rising chorus of Democrat voices are urging Biden to step aside, including now, apparently, Barack Obama. The New York Post reports that the former president \u2018knows this is going to be a close race\u2019 and \u2018feels that Democrats very well could lose.\u2019\u00a0<\/p>\n

The question is: who might replace Biden? Meyerson lofts Gavin Newsom as a possibility but notes that the California governor \u2018lacks appeal to working-class voters (California has the lowest share of white working-class residents of any state save Hawaii).\u2019 \u00a0<\/p>\n

He also throws Michigan Governor Gretchen Whitmer into the mix but supposes she would \u2018face misogynistic hurdles,\u2019 deploying one of Hillary Clinton\u2019s many excuses for losing in 2016.\u00a0He totally ignores Vice President Kamala Harris, as do most commentators, even though tossing her aside could be risky for Democrats.\u00a0<\/p>\n

Here is the truth: the Democrat bench is terrible. \u00a0\u00a0<\/p>\n

For months, Newsom has been the favored candidate of elite liberals. He\u2019s reliably progressive, telegenic and has been running a stealth campaign to introduce himself to American voters.\u00a0<\/p>\n

Unfortunately for Newsom backers, the governor is slip-sliding towards oblivion. First, he surprisingly performed a major face-plant in his debate with Republican Ron DeSantis on Sean Hannity\u2019s Fox News show. Most commentators, including myself, expected the glib Newsom to run rings around the supposedly wooden and inarticulate DeSantis. \u00a0<\/p>\n

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Instead, Florida\u2019s governor came armed with facts and figures showing his state beating out California on every major metric important to voters \u2013 cost of living, taxes, employment, homelessness and crime. Not only did DeSantis win on points, he also won on style. Newsom was smug, condescending and unlikeable. It was a wipeout.\u00a0<\/p>\n

Second, California\u2019s nonpartisan Legislative Analyst\u2019s Office recently projected the state would run a 2024-25 budget deficit of $68 billion next year, twice as large as recorded in 2023-24. The projected gap is an all-time record, as is the state\u2019s $310 billion spending plan. Commentators in California pounced on the news, with the Mercury News declaring \u2018Newsom owns this mess.\u2019 The editorial board reminded Californians that at the beginning of last year, Newsom \u2018was bragging about the state\u2019s $98 billion budget surplus.\u2019 Oops.\u00a0<\/p>\n

Newsom was first elected governor in 2019; his proposed budget for the 2019-2020 fiscal year called for spending of $209 billion. So, in five years, the budget has skyrocketed nearly 50%; on a per-person basis, it has jumped 56%, because more than one million residents have fled the state\u2019s high taxes and impossible business regulations. \u00a0<\/p>\n

Where has the money gone? More than 50 billion was allocated in the past two budgets for climate change, enormous funds handed to unions like the childcare workers group that is demanding a 25% pay hike and teachers who were given an 8.2% cost-of-living raise; taxpayer money has also funded a 10% increase in welfare payments, and numerous other progressive priorities. \u00a0<\/p>\n

Newsom\u2019s mismanagement of California\u2019s finances is a blueprint, as DeSantis charged in their debate, for how Democrats will crush the U.S. economy.\u00a0 \u00a0<\/p>\n

If Newsom falls appropriately by the wayside, could Governor Gretchen Whitmer be next up? Unlike Newsom, she represents an important swing state, and her favorability ratings in Michigan are better than the president\u2019s.\u00a0<\/p>\n

In addition, she has a following with Black voters, which Newsom lacks. Politico reports that Democrats outside of Michigan have encouraged her to run, including members of the Congressional Black Caucus. Also, a female candidate could help Democrats next year keep the focus on abortion.\u00a0<\/p>\n

Polling shows Whitmer competing against Donald Trump more successfully than Biden, Harris or Newsom. In a month-old Fox News poll, all four Democrats lose to Trump, but Whitmer is down by only 2 points. \u00a0<\/p>\n

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Still, the Michigan governor is remembered as the author of ludicrous COVID-19 mandates, such as allowing state residents to shop at hardware stores, but outlawing purchases of seeds or other gardening supplies. \u00a0\u00a0<\/p>\n

In addition, her state is losing population, like California, though less rapidly. Michigan has also acquired a large Muslim population, which could complicate Whitmer or Biden\u2019s prospects in the state if Democrats continue to support Israel. \u00a0<\/p>\n

Further, rivals could go after Michigan\u2019s governor for enacting tougher gun laws but failing to drive down crime in what some have called \u2018America\u2019s most dangerous state.\u2019 The state harbors eight of the most crime-ridden cities in the U.S. \u00a0<\/p>\n

Unfortunately for Newsom backers, the governor is slip-sliding towards oblivion. First, he surprisingly performed a major face-plant in his debate with Republican Ron DeSantis on Sean Hannity\u2019s Fox News show. Most commentators, including myself, expected the glib Newsom to run rings around the supposedly wooden and inarticulate DeSantis. \u00a0<\/p>\n

Whitmer\u2019s main handicap, however, is that she is not well known nationally. In a recent Economist\/YouGov poll, 31% of respondents said they would like to see the governor run for president, but a whopping 45% were \u2018unsure.\u2019 \u00a0If the selection of a candidate falls to the Democrat convention next summer, Whitmer would have little time to introduce herself. \u00a0<\/p>\n

Harris is the obvious replacement should Biden bow out. But her approval ratings are even worse than the president\u2019s, despite numerous efforts by her team and the White House to gin up support. \u00a0The Real Clear Politics average approval shows her underwater by 20 points; her boss scores a negative 15 points. She also has worse favorable\/unfavorable ratings than Donald Trump. \u00a0<\/p>\n

Newsom, Whitmer and Harris are all likely contenders should Biden withdraw from the race. Given their likely electability, Joe may be forgiven for staying put.\u00a0<\/p>\n<\/div>\n

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