The worse, the better? - InvestingChannel

The worse, the better?



Lenin felt that way about Czarist Russia, but is that how the Democratic leadership should feel about the GOP?

Apparently, the Democratic Governors Associations is with Lenin. Here’s Reason:

Yesterday was Maryland’s primary election day. The winner of the Republican gubernatorial primary was supported by both former President Donald Trump and the Democratic Governors Association. Why is that? . . .

In Pennsylvania, Democratic nominee Josh Shapiro ran ads boosting Republican candidate Doug Mastriano, a state senator who insists the 2020 presidential election was stolen. Mastriano ultimately won the nomination, and now has a fighting chance of winning not just the governorship, but the power to hand-pick a secretary of state who may throw the 2024 election into chaos. . .

[T]he DGA spent $1.2 million on an ad targeting Cox, more than twice what Cox had raised to that point. The ad highlighted Trump’s endorsement, and claimed Cox was “fighting to end abortion in Maryland” and “will protect the Second Amendment at all costs, refusing to support any federal restrictions on guns, even pushing to put armed guards in every school.”

While likely horrifying Democrats, the ad goosed Cox’s prospects among Republicans: He ultimately beat Schulz by more than 15 percentage points. Like Mastriano, Cox participated in the January 6 Capitol riot, busing people to Washington ahead of time and tweeting “[Vice President Mike] Pence is a traitor” after protesters had already breached the building.

The GSA strategy is too cynical even for someone like me. After all, Democrats are Americans, aren’t they? It’s inevitable that the Dems will win some elections and lose some elections. When they lose, wouldn’t it be better if the victorious GOP opponent were not evil?

It’s bad enough that the GOP is being taken over by right wing nuts. The fact that the Democrats are encouraging this shift is even worse. Just one more indication that America has become a banana republic.

Bloomberg has the following headline:

Good News for Democrats: Even Republicans Are Tiring of Trump

I don’t believe that; the betting markets still show Trump as being almost twice as likely to win the next presidential election as is the next most popular candidate (which is not Biden, in case you are interested.) But if the DGA is correct, then news of Trump’s (alleged) falling popularity should be discouraging to Dems. After all, it would be easier for the Dems to beat Trump than DeSantis. (To be clear, I don’t believe they’d beat either. I’m just saying that Trump is clearly the weaker candidate.)

PS. I read that some of the MPs that support Rishi Sunak strategically voted for Liz Truss, believing her to be the weaker foe in the next round. Betting markets now have Truss as the favorite to beat Sunak.

PPS. Was it a mistake to unify Italy? The country seems increasingly dysfunctional. Let’s not forget that it all began in Italy with the election of Berlusconi. By “it”, I mean the banana republicization of much of the world. Italy was the canary in the coal mine, heralding that the 21st century was going to suck.

Forza Italia! Yeah, how’d that work out?



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