Common Dreams - October 14, 2019

"And in an era when small donations from the grassroots are adding up to big financial hauls, Biden is so uninspiring that he's losing the money race by a wide margin. Despite hisrelentless harvesting of big checksfrom hedge-fund managers, rich CEOs and the like, Biden's campaign raised a total of only about $15 million in the last quarter, compared to around $25 million that Sanders and Warren each received. The New York Timesnotedthat the duo's fundraising totals are markers for "the collective enthusiasm in the party for progressive candidates pushing messages of sweeping change."

The Democratic Party's most powerful donors are running out of options in the presidential race. Their warhorse Joe Biden is stumbling, while the other corporate-minded candidates lag far behind. For party elites, with less than four months to go before voting starts in caucuses and primaries, 2020 looks like Biden or bust.

A key problem for the Democratic establishment is that the "electability" argument is vaporizing in the political heat. Biden's shaky performances on the campaign trail during the last few months have undermined the notion that he's the best bet to defeat Donald Trump. The latest polling matchups say that Biden and his two strong rivals for the nomination, Elizabeth Warren and Bernie Sanders, would each hypothetically beat Trump by around 10 points.

As such realities sink in, the focus is turning to where the party's entrenched power brokers don't want it to go—the actual merits of the candidates in terms of political history, independence from big-money special interests, and longtime commitment to positions now favored by most Democrats.

With the electability claim diminished, Biden faces a steep climb on the merits of his record and current policy stances. The looming crisis for the Biden forces is reflected in the fact that his top campaign operatives have already publicly conceded he could lose the first two nomination contests, the Iowa caucuses and New Hampshire primary.

And in an era when small donations from the grassroots are adding up to big financial hauls, Biden is so uninspiring that he's losing the money race by a wide margin. Despite his relentless harvesting of big checks from hedge-fund managers, rich CEOs and the like, Biden's campaign raised a total of only about $15 million in the last quarter, compared to around $25 million that Sanders and Warren each received. The New York Times noted that the duo's fundraising totals are markers for "the collective enthusiasm in the party for progressive candidates pushing messages of sweeping change."

But Biden continues to greatly benefit from the orientations of corporate media outlets that loudly echo the concerns of corporate Democrats (often called "moderates" or "centrists") and their kindred spirits in realms like Wall Street. Rarely inclined to dispel the longstanding myth of "Lunch Bucket Joe," reporting has been sparse on his legislative legacy in service to such industries as credit-card companies, banks and the healthcare business. ...
Read full article at Common Dreams