It Doesn't Matter Where the Money Comes From
(Bloomberg View) -- Great reporting from the Washington Post's Mike DeBonis and David Weigel about Democrats grumbling that the national party (that is, the Democratic Congressional Campaign Committee) isn't committing sufficient resources to this year's special elections.
The problem with this sort of talk is that it's kind of nuts. Democrats are doing extremely well in these elections, and the candidates have generally been well funded -- just not from the DCCC. That Democrats nevertheless lost solidly Republican seats (one in Kansas, the at-large Montana seat), will probably lose in South Carolina, and have a close fight on their hands in Georgia's 6th District isn't about failure; it's about degree of difficulty. Democrat Rob Quist did get outspent in Montana, but he and outside groups on his behalf still spent record-breaking amounts. It's just that Republicans still outspent them. Regardless, everything we know about elections suggests that diminishing marginal returns had probably set in, and even a substantial additional contribution from formal party organizations or anyone else wouldn't have been enough to close the 6-percentage-point gap there.Â
The real story about these special elections, on the Democratic side, is how good the Democratic Party -- both in formal organizations and the larger party network -- has been at mobilizing resources. It's a very good thing for the Democrats (and especially liberal ones), not a flaw, that groups such as Daily Kos Elections have been highly effective. If that means that money flows through those groups as much or more than through the DCCC, there's no reason to consider that a problem.Â
Newly mobilized activists on both sides of the aisle simply have a mistaken notion of the importance of the national formal party organizations. It's not that they're irrelevant, or that they should never be criticized, but for the most part they are -- and always have been -- far less central to the overall party than many seem to think.Â
1. "Despite holding unified control of government, the party is simply unequipped for serious policy-making -- a deficiency for which Trump is both cause and symptom." That's Dave Hopkins on the mess the Republican Party has made of itself. I don't quite agree with everything in this piece; I continue to think Donald Trump was more of a fluke allowed by Republican dysfunction than a logical candidate who won because of his electoral strengths. But it's a very good item. Highly recommend.
2. Kelly M. McFarland at the Monkey Cage on the Marshall Plan.Â
3. Seth Masket at Mischiefs of Faction on Trump's climate decision as a story of party factions.Â
4. Bruce Riedel at Brookings reports that the arms deal Trump trumpeted on his trip to Saudi Arabia is ... well, pretty much just fiction.Â
5. Leah Litman at Take Care on Trump's travel ban tweets.Â
6. And my Bloomberg View colleague Megan McArdle with a nice one defending, more or less, partisanship and the reasoning that goes with it. I'd put it this way: That's how it's supposed to work, and sometimes does. But it only works when partisans hold themselves and their "side" to high standards; when any old smear will do, then the incentives to get it right fade, and that's what has produced the Republican-specific problems Hopkins talks about in the first item above -- despite, that is, plenty of Republican policy folks who are absolutely first-rate and, yes, some Democrats who are doing their best to create perverse incentives on their own side.Â
Get Early Returns every morning in your inbox. Click here to subscribe.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Jonathan Bernstein is a Bloomberg View columnist. He taught political science at the University of Texas at San Antonio and DePauw University and wrote A Plain Blog About Politics.
To contact the author of this story: Jonathan Bernstein at jbernstein62@bloomberg.net.
To contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.net.
For more columns from Bloomberg View, visit http://www.bloomberg.com/view.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.