In september of 2001 when the 9 11 attacks happened, and whatever shock the body politic had experienced by the contested and indeterminate 2000 president ial election, well, the 9 11 attacks further scrambled and upended political expectations nationwide. And so while the basic Political Science principle is that the president s party tends to lose seats in a midterm election, whatever party holds the white house, they tend to suffer in a nonpresident ial year election following them getting into the white house. Thats the basic principle. But for a lot of different reasons, that expectation didnt really take hold in 2002. Really nobody knew what was going to happen in that midterm. And in the great state of New Hampshire, that National Uncertainty in 2002, that upending of all normal expectations in 2002 was all funneled in that state, that year, into a very intense competition for a u. S. Senate seat that year in New Hampshire. The incumbent republican senator from New Hampshire los
A contested election result where the ultimate winner of that president ial election was effectively decided at the United States Supreme Court in a 54 vote. That alone would put a little noise in the signal in terms of what you might expect from the next National Election following that totally unprecedented debacle of a president ial election in 2000. But then it was further compounded in september of 2001 when the 9 11 attacks happened and whatever shock the body politic had experienced by the contested and indeterminate 2000 president ial election. Well, the 9 11 attacks further scrambled and upended political expectations nationwide. And, so, while the basic Political Science principal is that the president s party tends to lose seats in a midterm election, whatever party holds the white house, they tend to suffer in a nonpresident ial year election following them getting into the white house. Thats the basic principal but for a lot of different reasons. That didnt take hold until
Depict what we just saw. Thats not what we saw n. Form current host of deadline white house, 4 00 p. M. Eastern time unless theres something i dont know, clare mccaskill. Former democratic senator from missouri. Jason johnson, politics editor, professor at morgan state. Lawrence odonnell, host of the last word 10 00 p. M. Eastern weeknights on this networks in the spin room in las vegas. Chris matthews at the big board, of course, steve kornacki. Nicole . I think a lot i had the job for a long time of running into the spin room and explaining why my candidate won. Its a dubious craft. Tonight more than ever. I think almost all these candidates have make a claim to having an important night in terms of what theyre trying to achieve. I think if you were waiting for biden to be as focussed and in command as he was tonight, you finally got it. If you wanted Pete Buttigieg to show a National Audience why he won iowa, you got it. If you are one of the millions of people who has sort of thrus
Budgets, they have to invest less in new products and lay off thousands of workers and has all sorts of knockon consequences. In 2015, when we saw the price of energy come down there are about 100,000 layoffs in the Energy Sector. In fact, the only sector in the economy that actually saw job losses because we have all been talking about how happy to have 5 unemployment. Guess what. In the energy patch theyre laying people off. Oil is a big factor. Another big factor watching and nervous about is overseas, the selloff were seeing in chinese equities still pretty wildly valued and worried wondering if thats a reflection of the chinese economy slowing down. Thats bad news for Big American Companies that export into china. We also the csmi global benchmark. Its down 20 or more from the most recent peak and theres a global selloff in equities and u. S. Investors biting their nails thinking, if everybodys worried about global growth, thats got to be bad for the big American International sto
Today. It is not moral. It is not acceptable. And it is not sustainable that the top one tenth of 1 now owns almost as much wealth as the bottom 90 . Or that the top 1 in recent years has earned 85 . Of all new income. That is unacceptable. That must change. This election is about remembering where we were seven and a half years ago when president obama came into office and eight years of republican trickledown economics. The republicans want us to forget that as a result of the greed, recklessness, and illegal behavior on wall street, our economy was in the worst economic down turn since the great depression. That is where we were. That is where we were. Some 800,000 people a month were losing their jobs. 800,000 people. We were running up a recordbreaking deficit of 1. 4 trillion and by the way, the worlds Financial System was on the verge of collapse. That is where we were with president obama came into office. Well, weve come a long way in the last seven and a half years and i than