Breakingviews - Cox: Reverting to mean is weak economic message

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From Breakingviews: Reverting to the mean is a weak economic message, writes rob1cox

Former U.S. Vice President Joe Biden accepts the 2020 Democratic presidential nomination during a speech delivered for the largely virtual 2020 Democratic National Convention from the Chase Center in Wilmington, Delaware, U.S., August 20, 2020.

Indeed, the word “market” never entered his Thursday evening acceptance speech. But the bleak economy served as a backdrop for nearly every address of note, from those by his former boss Barack Obama and his wife Michelle to the skewering of Trump’s business and management chops delivered by a fellow New York billionaire, Mike Bloomberg.

Indeed, the party’s previous presidential winners have often been relatively newbies, rising rapidly from local renown to national status. Obama hadn’t even served a full term in the Senate. Jimmy Carter and Bill Clinton were southern state governors. John F. Kennedy had just one Senate stretch. The average age of all Democratic presidents since Franklin Delano Roosevelt occupied the White House in 1933 is just over 50 – a full generation behind 77-year-old Biden.

The messages delivered by the party’s leading lights and emerging stars were unlike anything Democrats have broadly espoused before. Combined with appearances from turncoat never-Trump Republicans like John Kasich, the ex-governor of Ohio, the promise was more of restoration than renewal – effectively, reversion to the mean.

Biden responded in kind: “It will be the work of the next president to restore the promise of America to everyone,” he said in a surprisingly vigorous speech closing the festivities.

 

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Breakingviews rob1cox “Patience is bitter, but its fruit is sweet.” ― Aristotle

Breakingviews rob1cox Sorry to be dense here but what on earth does this post even mean? You lost me at the hyphen.

Breakingviews rob1cox LMAO at hope and change. Same Dem nonsense every election cycle...only their levels of DEPRAVITY have reached a climax in the era of Trump. Pure, hilarious desperation on display 24/7. Trump 2020 👍😂🇺🇲

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