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RSN: After Biden's Sharp Decline, Investors Are Reassessing Other Blue Chips Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=48990"><span class="small">Norman Solomon, Reader Supported News</span></a>   
Monday, 01 July 2019 11:48

Solomon writes: "Investors are pondering where to put their money this week after the sudden decline in the assessed value of presidential candidate Joe Biden."

Joe Biden. (photo: Frank Franklin II/AP)
Joe Biden. (photo: Frank Franklin II/AP)


After Biden's Sharp Decline, Investors Are Reassessing Other Blue Chips

By Norman Solomon, Reader Supported News

01 July 19

 

nvestors are pondering where to put their money this week after the sudden decline in the assessed value of presidential candidate Joe Biden.

On Wall Street and in other corporate quarters where financiers were heavily invested in Biden, hopes have eroded in recent days amid reduced investor confidence. Some prominent donors began to openly question the wisdom of devoting more capital to the national marketing campaign for the former vice president.

After the leading blue chip closed sharply lower at the end of last week, even declaring “my time is up,” many top investors felt overexposed and looked for shelter. Gathering new topline data and considering several prospectuses that had been previously submitted, investors are now reassessing assets and liabilities as well as potential growth in market share during the next quarter and beyond.

Venture capitalists, hedge fund managers, powerful CEOs and other wealthy individuals – sensing a political emergency that may require swift and decisive action – are moving to widen financing spigots for Kamala Harris. With contingency planning, there is elevated interest in Pete Buttigieg. One previously hot startup, Beto O’Rourke, is now considered to be too underperforming to warrant reinvestment.

The overarching goals are to quickly shore up capitalization of aligned political products and to implement sustained brand enhancement. While great appreciation remains for Biden’s nearly five decades of massive financial benefits to investors, some have concluded that he is now unreliable in view of current political turbulence.

Yet Biden is hardly in penny-stock territory. Many rich investors remain bullish on the former vice president. Politico reported Sunday that “sources say Biden walked away with a $1 million haul after two fund-raisers in San Francisco alone this weekend.” One of those gatherings drew about 200 wealthy guests to the backyard of a former Twitter vice president for global media, Katie Jacobs Stanton.

But an erstwhile Biden fundraiser, Tom McInerney, didn’t show up at the Stanton poolside event, even though he was listed on the invitation. McInerney, who was a member of Biden’s national finance committee, said he notified the Biden campaign on June 20 that he would no longer fundraise for it, citing the candidate’s recent fond comments about segregationist senators. (Actually, Biden had been on the record for many years with such warm reminiscences. And in a report first published on April 11, CNN had exposed Biden’s letters to racist senators in 1977 and 1978, seeking support for his legislation against school busing for desegregation.)

Quoting McInerney as saying “I would imagine I’m not alone,” CNBC reported on the day after Biden’s debate pratfall: “While McInerney is the first financier to publicly withdraw his support after Biden’s controversial round of comments, the loss is significant because it could be a harbinger of further defections.”

Overall, market conditions have abruptly changed, in the midst of fierce competition for big-investor dollars.

The New York Times did some candid reporting in mid-June under the headline “Wall Street Donors Are Swooning for Mayor Pete. (And They Like Biden and Harris, Too.)” The story explained that “the behind-the-scenes competition for Wall Street money in the 2020 presidential race is reaching a fevered peak … as no less than nine Democrats are holding New York fund-raisers in a span of nine days.” And “with millions of dollars on the line, top New York donors are already beginning to pick favorites, and three candidates are generating most of the buzz” – Biden, Harris and Buttigieg.

The Times reported: “Interviews with two dozen top contributors, fund-raisers and political advisers on Wall Street and beyond revealed that while many are still hedging their bets, those who care most about picking a winner are gravitating toward Mr. Biden and Ms. Harris, while donors are swooning over Mr. Buttigieg enough to open their wallets and bundling networks for him.”

At the same time, the newspaper noted, “Not everyone is chasing Wall Street cash: Two candidates in the top tier of polls, [Bernie] Sanders and Senator Elizabeth Warren of Massachusetts, have railed against the financial industry and opted against the kind of fancy fund-raisers with catering and $2,800 admission prices that lubricate the donor industry.”

The antipathy is mutual: Wall Streeters understand that Sanders and Warren would be bad investments anyway.

In sharp contrast, the Times summarized a bit of the investment frenzy: “Hamilton E. James, the executive vice chairman of Blackstone and a top fund-raiser, hosted Mr. Buttigieg at his home on Thursday. The short-selling hedge fund manager James Chanos will hold an event for Mr. Biden on Monday. And on Tuesday, Marc Lasry, the hedge fund manager and co-owner of the Milwaukee Bucks, is gathering checks for Ms. Harris. Co-hosts of that event include Blair W. Effron, an investment bank co-founder and an influential Democratic financier, and Ray McGuire, vice chairman of Citigroup.”

Deep-pocket investors are lined up from coast to coast. The night before she gave a speech at the California Democratic Party convention a month ago, Kamala Harris held a campaign fund-raiser at the San Francisco home of oil billionaires Ann and Gordon Getty, with the price of admission reportedly up to $28,000. While Harris was attending that fund-raiser, the San Francisco Chronicle observed, “Sanders was stopping by the Latino and labor caucuses at the convention.”

For his part, Biden skipped the California state party convention entirely. But the same weekend, he sent top aides to the same city to meet with “more than two dozen bundlers – people who raise money from high-dollar donors – at the San Francisco home of Sandy Robertson, co-founder of private equity firm Francisco Partners,” CNBC reported. “Other financiers at the private huddle included Richard Blum, an investment banker and husband of U.S. Senator Dianne Feinstein; veteran trial lawyer Joseph Cotchett; Steve Westly, founder of tech investment firm the Westly Group; Denise Bauer, former U.S. ambassador to Belgium; and Wade Randlett, the president of Dashboard Technology.”

Eager for lucrative stability in the electoral marketplace, corporate Democratic investors are keen to block threats to their dominance from the Sanders and Warren campaigns. Now that Joe Biden is looking shaky – with a damaged brand and a faltering business plan – prudence requires a new set of calculations. Biden may have outlived his usefulness. If “politics ain’t beanbag,” neither is political investment.

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Norman Solomon is cofounder and national coordinator of RootsAction.org. He was a Bernie Sanders delegate from California to the 2016 Democratic National Convention and is currently a coordinator of the relaunched independent Bernie Delegates Network. Solomon is the author of a dozen books, including War Made Easy: How Presidents and Pundits Keep Spinning Us to Death.

Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.


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FOCUS: Kamala Harris's Debate Performance Should Scare Trump Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=6853"><span class="small">Frank Rich, New York Magazine</span></a>   
Monday, 01 July 2019 10:40

Rich writes: "Like most everyone else, I did not see the Kamala Harris rocket takeoff coming before last night. Her ascent was easily the most energizing spectacle of the campaign thus far."

Kamala Harris excelled on Thursday night. (photo: Bloomberg/Bloomberg/Getty Images)
Kamala Harris excelled on Thursday night. (photo: Bloomberg/Bloomberg/Getty Images)


Kamala Harris's Debate Performance Should Scare Trump

By Frank Rich, New York Magazine

01 July 19


Most weeks, New York Magazine writer-at-large Frank Rich speaks with contributor Alex Carp about the biggest stories in politics and culture. Today, the fallout from the first Democratic debates.

ver this week’s two nights of debates, the top 20 candidates in the Democratic primary have had a chance to introduce themselves to a national audience. Will anything they said winnow the field?

I am happy to answer with a resounding “Yes!” I’ll take a minor risk and guess that as of this morning, the field has been winnowed by more than half. We’re down from 20 to either seven (Biden, Sanders, Warren, Harris, Buttigieg, Castro, and Klobuchar) or nine, if you hold out hope that the mellifluous but glib bros Booker and Beto will start putting at least as much effort into bold policy positions as they have into their pandering effusions of gringo Spanish. Most of the rest were dead men and women walking before they arrived onstage, merely marking time until that inevitable moment when their political lifeblood — money — dries up. They will soon be forgotten, even if they’re not yet gone.

Like most everyone else, I did not see the Kamala Harris rocket takeoff coming before last night. Her ascent was easily the most energizing spectacle of the campaign thus far. And her rightly canonized exchange with Joe Biden wasn’t mere political theater — it was substantive. By linking Biden’s praise of James Eastland and Herman Talmadge to his opposition to busing, she revealed that Biden still doesn’t understand that he didn’t only benefit from these bigots’ supposed “civility” on legislative trivia back in the day, but actively enabled at least one plank of their arch-segregationist political strategy. He has chosen not to apologize for that failure. And last night, he paid a huge price by digging himself in further. His invocation in 2019 of states’ rights to argue against busing, a 1970s federal tactic to roll back the de facto school segregation that blighted students like the young Kamala Harris, sounds like something that would pop out of the mouth of Rand Paul, not a Democratic front-runner.

There was much more to Harris than her Biden face-off. She had sharp, unambiguous answers to every policy question. She was concise. She occasionally smiled and laughed (a card not played by any of the other 19 candidates). And she constantly reminded us that she was a prosecutor not just by saying so, but by showing off her  talent. There may be no word that Trump fears more than “prosecutor,” and no professional expertise that the Democratic base is more eager to see inflicted on him. At a juncture when Trump defends himself against a charge of rape by sliming women who are not his “type,” Harris’s emergence could not be better timed. She is not his “type,” heaven knows, and, not unlike her fellow San Franciscan Nancy Pelosi, she is not a “type” he knows how to deal with at any level, whether on Twitter or a debate stage.

I hunger to see Pete Buttigieg on a debate stage with Mike Pence. No Democratic politician has ever been so skilled at tossing the Christian card right back at the likes of right-wing religious hypocrites and homophobes. Buttigieg also implicitly took down Biden when he apologized for his own failure in highly charged racial politics rather than denying his record. Did Biden take it in and learn anything? I doubt it.

A few points about the other contenders. In the first debate, Elizabeth Warren was the most prepared and cogent candidate by far. To me, her Achilles’ heel as a candidate could best be seen in her dodge of the gun-control question, in which she talked about the gun epidemic as a “serious research problem” on which we must “bring data to bear.” The truth is that we have plenty of data, all of it horrific, and accruing by the day. Her bloodless answer reminded me of the legendary debate shortfall of another brainy Massachusetts Democrat, Michael Dukakis. It’s in moments like these when Warren’s evident humanity and inspiring hardscrabble Oklahoma biography are buried under the Harvard professor; when “I have a plan for that” — or in this case “I will have a plan” — becomes self-referential shtick. In a country where almost no one, Democrats included, has read the Mueller report, most candidates’ plans will go as unread as Hillary Clinton’s. Warren’s plans may be the best-laid, but that might not be enough.

What struck me about Amy Klobuchar on Wednesday night is that, given how quick-witted she is spontaneously (e.g., the Kavanaugh hearings), her delivery of canned lines (“all foam and no beer;” “I don’t think we should conduct foreign policy in our bathrobe at 5 in the morning”) is not necessarily a plus for a politician who prides herself on a down-home lack of pretense. But a far more important debit was her unwillingness to directly challenge Warren (and by implication Sanders) on policy disagreements despite the openings the questions gave her to do so. “Minnesota nice” can only take you so far in a fiercely competitive political race.

As for Julián Castro, he not only demolished Beto for his lack of preparation on his signature issue of immigration, but was consistently thoughtful and engaging no matter what the subject. He was the only candidate in the first debate that you wished you’d heard more from. The reverse was the case with those bringing up the rear, even if they didn’t get a chance to say much. But while I can’t say I’ll miss the “look-ma-no-tie” former Silicon Valley executive or the insufferably vain mayor of New York, Marianne Williamson is so determinedly on her own idiosyncratic wavelength that her debate performance could be rated a success if viewed as a highly rated audition for a reality show. Or in her case, semi-reality.

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How Lobbyists and Insiders Could Override Voters to Choose the Democratic Presidential Nominee Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=34639"><span class="small">Lee Fang, The Intercept</span></a>   
Monday, 01 July 2019 08:39

Fang writes: "The era of smoky backroom deals and political power brokers in charge of the Democratic Party could come roaring back in Milwaukee next year, when thousands of party faithful convene to formally select the party's presidential nominee at the Democratic National Convention."

Rev. Bill Shillady closes with the benediction as attendees and delegates stand among balloons on the fourth day of the Democratic National Convention at the Wells Fargo Center, July 28, 2016 in Philadelphia. (photo: Chip Somodevilla/Getty Images)
Rev. Bill Shillady closes with the benediction as attendees and delegates stand among balloons on the fourth day of the Democratic National Convention at the Wells Fargo Center, July 28, 2016 in Philadelphia. (photo: Chip Somodevilla/Getty Images)


How Lobbyists and Insiders Could Override Voters to Choose the Democratic Presidential Nominee

By Lee Fang, The Intercept

01 July 19

 

he era of smoky backroom deals and political power brokers in charge of the Democratic Party could come roaring back in Milwaukee next year, when thousands of party faithful convene to formally select the party’s presidential nominee at the Democratic National Convention.

The party’s delegate allocation rules, combined with the large number of candidates and an early election calendar for key states, have laid the groundwork for a small group of lobbyists and party officials to potentially play a deciding role in choosing the nominee.

If no single candidate receives a majority of pledged delegates in the initial vote of the convention, called the first ballot, the nomination goes to what is known as a brokered convention, in which so-called superdelegates participate in subsequent rounds of nomination votes.

Given that there are more than 25 candidates, including four to five with significant support in the polls, it’s possible that there will be no clear frontrunner by the convention in July next year. In that scenario, around 764 superdelegates — a group comprised of elected officials, party elders, and prominent consultants unbound by the will of voters — could dramatically remake the path to the nomination.

The superdelegates were added to the Democratic Party in the early 1980s as a sort of insurance policy, giving establishment figures a permanent share of delegates to guard against nominating a candidate they viewed as a political liability. The superdelegates include elected officials; former “distinguished party leaders,” including Howard Dean and Dick Gephardt; prominent party consultants; and state party officials, most of whom are chosen by the Democratic National Committee or the state parties.

Last year, after superdelegates fueled controversy over the party tilting the scales during the 2016 presidential primary, the Democratic National Committee shot down a proposal to remove superdelegates. Instead, the DNC moved to allow superdelegates to continue to hold power, but only vote in the case of a brokered convention.

In preserving the role of superdelegates, the Democratic Party is allowing conflicts of interest to proliferate — conflicts that could let outside interests influence the nomination process. Many superdelegates also work as professional influence peddlers seeking to shape policy debates around heated issues such as taxation, finance, technology, health care, and defense contracting.

The Intercept has reviewed lobbying records and identified at least eight superdelegates who are currently working with health care clients lobbying against Medicare for All. Goldman Sachs, Citigroup and JPMorgan Chase each have lobbyists who double as superdelegates.

And a growing number of superdelegates are currently employed by presidential candidates, an arrangement that means some will enter the convention with less than neutral standing.

Last month, the Bernie Sanders campaign hired Susie Shannon, an anti-poverty activist and superdelegate, as its California state political director. DNC member and superdelegate Laphonza Butler is a senior consultant working with Kamala Harris’s campaign. Joe Biden’s staff includes two superdelegates, Simone Sanders and Cristobal Alex. Cory Booker, meanwhile, hired Clay Middleton, a superdelegate from South Carolina. And the Beto O’Rourke campaign retained the services of superdelegate Jeff Berman to help his campaign court other superdelegates. The campaigns either did not respond to inquiries or declined to comment for this story.

The Democratic National Committee did not respond to a request for comment. Marcus Mason, a lobbyist and former superdelegate, told The Intercept in an email that he saw no conflict with delegates serving also serving as consultants.

“I don’t see any conflict of interest with lobbyists being DNC delegates,” wrote Mason. “Before they are lobbyists they are citizens and Democrats.”

***

The high drama of brokered conventions — in which delegates are traded or switch loyalties until a majority is achieved — was once common. In 1932, Franklin D. Roosevelt secured the nomination in the fourth ballot, only after John Nance Garner traded his delegates for a spot as Roosevelt’s running mate. The last time the Democratic Party went to a brokered convention to select a nominee was in 1952 when it took three ballots to nominate Adlai Stevenson.

The scandal-plagued 1968 convention, when Hubert Humphrey won the nomination without running in the primaries, led to populist reforms that largely removed the power of the party bosses, added transparency, and centered the nomination on the will of voters. The following presidential cycle, voters ushered in George McGovern as the party candidate.

McGovern’s landslide loss followed by the chaotic challenge by Sen. Ted Kennedy, D-Mass., to President Jimmy Carter in 1980 sparked the so-called Hunt Commission. Led by North Carolina Gov. James Hunt, the commission again reformed the nomination process, this time returning power to the party establishment by creating the superdelegates.

The Democratic rules differ dramatically from the Republican Party’s, which allocate delegates on a winner-takes-all basis for many states, allowing a single candidate to quickly dominate the field even if they do not win a majority of votes. In 2016, for instance, Donald Trump only won 32.51 percent of the vote in the South Carolina GOP primary, but won all 50 South Carolina delegates, given the state’s winner-takes-all system.

The Democrats’ proportional allocation rules provide a far more equal playing field over the Republican Party nomination system, yet the superdelegates exist as a bulwark against populist insurgents.

Rhodes Cook, a veteran election observer, noted that the superdelegates were designed as a “firewall to blunt any party outsider that built up a head of steam in the primaries.”

***

In recent election years, candidates often performed well enough in one of the early states or a cluster of them, and the ensuing media attention and campaign donations to the perceived frontrunner helped clear a path to the nomination.

Next year could be different. Texas and California will vote earlier than usual, with a dozen other states, on March 3, Super Tuesday. That might occur before a single candidate has emerged as the clear leader. If multiple candidates maintain solid support over the first two months of the primaries, the field could remain fractured until the convention.

Ray Buckley, chair of the New Hampshire Democratic Party, who also serves as a superdelegate, rejected the possibility of a brokered convention. He told The Intercept that he believes that contest next year will be over by Easter. He cited current rules that allocate delegates either on a proportional basis for every candidate who earns at least 15 percent of the votes in each state, or based on the percentage received by the candidate with the most votes if no candidate reaches the 15 percent threshold.

“The large number of candidates divide the vote in such a manner that it is doubtful that anymore than two or three would attain the 15 percent threshold to be awarded delegates,” said Buckley. “The math simply isn’t there for a second ballot, in my opinion.”

But the possibility of a brokered convention, with party insiders and superdelegates potentially canceling out the will of voters, has many activists worried.

“In the event of a brokered convention, the donors and lobbyists will insist that the party nominate the establishment candidate,” warns Nick Brana, founder of the Movement for a People’s Party. Brana previously worked with Sanders on delegate outreach.

“Others are party officials and members of Congress who are personally close with the donors, dependent on them, or plan on seeking high-paying corporate and consulting jobs in the future,” Brana said.

“Superdelegates are a reinvention of the party boss system,” Brana added. “They were created to give party insiders veto power over a progressive nominee and they would fulfill that mission.”

During the last presidential primary, the use of superdelegates fueled widespread confusion and anger. In state after state that Sanders had won over Hillary Clinton, the media projected that Clinton had in fact won more delegates by adding the number of superdelegates who had pledged loyalty to her. At the 2016 Democratic National Convention in Philadelphia, a number of activists attempted to overhaul the superdelegate system, only to be shot down by party leaders and Clinton delegates.

David Segal, executive director of Demand Progress, was heavily involved in the failed effort to do away with superdelegates. Now, he worries that the current system could lead to dysfunction and a small number of powerful insiders effectively hijacking the nomination.

“There’s a serious likelihood that we end up in a convention where there’s no candidate with a clear majority of pledged delegates, or even a substantial plurality,” Segal said.

“There’s reason to be concerned that in general, superdelegates would skew the outcome in a less progressive-populist direction, and it’s more generally possible that the process could be particularly contentious and lead to unusual outcomes,” he continued. Segal imagined the possibility that the process could become so contentious that party leaders could push for the nomination of a candidate who wasn’t even running.

Rep. Ro Khanna, D-Calif., co-chair of the Sanders campaign, struck a similar note.

“I wish we had just eliminated the superdelegates,” said Khanna. “I don’t think there’s any reason I should have a greater vote over 300 million other Americans in picking our president. It’s just anti-democratic.”

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Washington Taxpayers Bear the Burden as Trump's Ego Infiltrates National Fourth of July Celebration Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=26368"><span class="small">Alan Pyke, ThinkProgress</span></a>   
Monday, 01 July 2019 08:38

Pyke writes: "Washington, D.C.'s Fourth of July celebrations have played out roughly the same way for decades."

Fourth of July celebration in Washington D.C. (photo: Samuel Corum/Anadolu Agency/Getty Images)
Fourth of July celebration in Washington D.C. (photo: Samuel Corum/Anadolu Agency/Getty Images)


Washington Taxpayers Bear the Burden as Trump's Ego Infiltrates National Fourth of July Celebration

By Alan Pyke, ThinkProgress

01 July 19


The District of Columbia's time-honored Independence Day traditions are being squeezed to the side for the sake of the president's unquenchable thirst for self-aggrandizement.

ashington, D.C.’s Fourth of July celebrations have played out roughly the same way for decades.

This year, though, the longstanding security, logistics, and crowd management practices on the National Mall are being recrafted in the image of President Donald Trump. The nation’s birthday party won’t be a first-come first-serve egalitarian gawp in 2019. It’ll have tiered, ticketed entry, some form of militaristic performance art, and a speech by the divisive and twitchy current occupant of the country’s highest political office.

Trump’s less-than tickety-boo plans include cordoning off a special “VIP” area stretching from the steps of the Lincoln Memorial to halfway down the length of the Reflecting Pool. The velvet-rope ethos is an essential part of the gaudy, ostentatious luxury image Trump long ago made into his own personal brand. But it’s alien to D.C.’s fireworks night, which has traditionally been a partisanship-free occasion.

Nobody seems to know exactly what to expect, according to the Washington Post’s reporting.

“The ongoing shifts to what had been established security and crowd-control protocols have left officials in the District and some federal agencies confused about logistics as basic as what Metro stops and roads might be open or closed, and for what period, and how many fireworks displays will launch,” the paper reported Friday.

Trump famously promised to “drain the swamp” once he got to D.C. Instead, he’s empowered a series of cabinet officials who used taxpayer money to travel in luxury on official trips and triggered wave upon wave of ethics investigations.

The real people who live and work in this city, meanwhile, will have one of their old reliable diversions swallowed by the Trump circus. The administration’s under-explained changes to the Independence Day fireworks show include the complete closure of one major commuter bridge between the District and Virginia, a temporary shut-down of air traffic into and out of the city’s nearest airport, and still-unspecified military hardware displays.

Trump has openly craved a high-pomp military parade in D.C. since the early months of his presidency, with multiple outlets reporting that he became stuck on the idea after attending a Bastille Day parade in Paris his first summer in office. Such demonstrations are not common in the United States, and Trump’s critics have worried he wants to wield martial imagery in a fashion more commonly associated with totalitarian countries than in open, democratic societies.

Trump’s taste for the lavish hasn’t just inconvenienced people who live near the city he’s borrowing. It’s also shrunk the actual, tangible resources that city has available to do things for people. The extra security measures required on Thursday by Trump’s decision to inject himself into the festivities will reportedly force the city to dip into its emergency fund.

That new debt will go onto a pretty long tab Trump has already run up for similar grandiosities. D.C.’s government still has not been reimbursed for a $7 million debt incurred by Trump’s approach to his inaugural weekend festivities in 2017, the Post reported recently.

Though Trump has branded the politicized, militarized version of the national fireworks display as a “Salute to America,” the way he talks about the plans indicates its about gratifying his own ego.

“Major fireworks display, entertainment and an address by your favorite President, me!” he tweeted in February.


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Feminism Begins at Home, Ivanka Trump Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=51076"><span class="small">Molly Jong-Fast, The Daily Beast</span></a>   
Monday, 01 July 2019 08:37

Jong-Fast writes: "On the very same week that her father faced at least his 16th accusation of sexual assault, the president's daughter took the stage at the G-20 to speak on 'women's empowerment.'"

Ivanka Trump. (photo: AP)
Ivanka Trump. (photo: AP)


Feminism Begins at Home, Ivanka Trump

By Molly Jong-Fast, The Daily Beast

01 July 19


The first daughter’s agenda hasn’t produced much for women, but it’s been a boon for her family brand.

n the very same week that her father faced at least his 16th accusation of sexual assault, the president’s daughter took the stage at the G-20 to speak on “women’s empowerment.”  

Days after E. Jean Carroll wrote about Donald raping her, and he responded by saying she was “not my type,” there was Ivanka again shopping her nebulous “women’s empowerment initiative.”

It was the first daughter’s second time speaking to the G-20. In Berlin in 2017, she had been “put on the spot about her father's attitudes toward women, booed and hissed at by the crowd, and grilled by the moderator about what, exactly, her role is in President Donald Trump’s administration.”  

This weekend, in Osaka, Japan, Ivanka declared that “we must continue to prioritize women's economic empowerment and place it at the very heart of the G20 agenda."  It was her usual shtick: too much gesticulation, overly articulated words strung together to sound impressive but ringing hollow. 

She wore a light pink Valentino dress that cost more than a semester of community college and reminded me of Princess Amidala from Star Wars as she delivered unobjectionable pabulum: "This is a legacy worth fighting for and a future we can be proud to leave to our children."  Speaking of children, I feel comfortable as someone who has benefitted from nepotism saying that being someone daughter doesn’t in itself make a person qualified to do anything—yet it is Ivanka’s only qualification for her sprawling yet ill-defined job as a “senior adviser” in this White House.   

Her father’s admiration has been notoriously uninterested in “women’s empowerment,” with its war on reproductive health and support for the global gag rule.  

Ivanka’s speech was mostly forgotten even as it was delivered, and the moment from this summit most people will remember is the crudely recorded video released by the French government showing her talking to British Prime Minister Theresa May, French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau and International Monetary Fund chief Christine Lagarde.  

Lagarde rolls her eyes and turns away as Ivanka interrupts the conversation to note the male domination of the defense industry. One almost feels bad for Ivanka, so clearly out of her depth.

But if this is an embarrassing moment for Ivanka, it’s a mortifying one for the people who are paying for her trip there, the American people.

Ivanka also described her momentary foray into North Korea’s demilitarized zone as “surreal.”  Perhaps not as surreal as having a former fashion designer and her husband negotiate American foreign policy with the fashion designer’s father, the president of the United States.  

Ivanka is a cipher, so in a sense she is the perfect vessel for the women’s empowerment agenda of an administration run by whim that has no agenda for or for that matter interest in empowering women. It is an administration, though, that knows something about economic growth—when it comes to the Trump brand. 

As Christopher R. Hill, a former U.S. ambassador to South Korea and other nations, put it: “It says to our allies, to everyone we do business with, that the only people who matter are Trump and his family members.”

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