News Dump Wednesday: New Polls Edition

Alabama to elect a pedophile

A third Alabama Senate poll released this week has Republican Roy Moore leading Democrat Doug Jones as his base appears to be solidifying as the distance grows since the initial allegations against Moore.
Louisiana-based JMC Analytics and Polling released its latest Senate poll on Wednesday morning with Moore holding a 5-point edge on Jones. Moore got 49 percent support to Jones' 44 percent.
"Sexual misconduct allegations against Moore have not materially impacted the race," the poll's summary said.
The polls released this week have also been consistent with two showing Moore with a 5-point lead and another reflecting a 6-point lead.

Small businessmen don't like GOP tax plan

A Public Policy Polling poll, released by Businesses for Responsible Tax Reform, a group opposed to the GOP tax bills, finds 51 percent of small businesses are against the plan. About one-third, 34 percent, support the GOP tax plan.
Slightly more than 50 percent of the small business owners surveyed think the GOP tax plan supports large corporations over small businesses.
A majority of small business owners also said the plan will benefit wealthy corporations the most.

Economists disapprove of GOP tax plan

Of the 42 economists polled, only one thought the Republican bill would boost the economy. The plurality said it wouldn’t, and the remainder were uncertain or didn’t answer.
The survey includes an optional space for respondents to add a comment, and a few of the comments are notable. “Of course not,” wrote the University of Chicago’s Austan Goolsbee, who served as chief economist for President Obama. “Does anyone care about actual evidence anymore?”
A number of the economists argued that tax policy simply isn’t as powerful a lever as Republicans want to believe. “Tax policy appears to have little effect at the margin on GDP growth in OECD countries,” wrote MIT’s David Autor, an eminent trade economist. “Doubt it will substantially change things either way,” wrote the University of Chicago’s Anil Kashyap. “Aside from the redistribution of wealth, hard to see this changing much,” wrote Richard Thaler, who just won the Nobel Prize in economics.
...The second question asked whether passage of the Republican tax bills would mean “the US debt-to-GDP ratio will be substantially higher a decade from now than under the status quo.” Here, too, the news was grim from Republicans. In this case, all but one economist agreed that the bills would blow up the deficit, and the outlier, Stanford's Liran Einav, turned out to have misread the question — he later clarified that he also agrees the bill would add to the debt.
“How could it be otherwise?” asked MIT’s Daron Acemoglu. “Cut taxes. Lose money. Repeat,” said Goolsbee. “This is at least is clear,” said Yale’s William Nordhaus: “No way the growth effects will be strong enough to offset the revenue losses.”

Millennials want a 3rd party

A strong majority of millennials — 71 percent — say the Republican and Democratic parties do such a poor job of representing the American people that a third major party is needed, according to the results of a new NBC News/GenForward poll.
Six in ten disapprove of the way Congress is handling its job, while 59 percent have an unfavorable view of the Republican Party and 42 percent have an unfavorable view of the Democratic Party. On the whole, millennials overwhelmingly do not think either party cares about people like them.
These views may help explain why a large majority of young adults — across racial subgroups, genders and partisan affiliations — say a third major party is needed.

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Minorities and transgender

A majority (54%) of all Americans said that whether a person is a man or a woman is determined by “the sex they were assigned at birth,” while 44% said “it can be different.”
Among Republicans and Republican-leaning Independents, 80% said sex is determined by a person’s birth-sex.
Only 34% of all Democrats and Democrat-leaning Independents said sex is determined at birth – but a majority (55%) of Black Democrats and 41% of Hispanic Democrats said birth determines sex.
Just 24% of White Democrats believe birth determines sex.
Likewise, while 68% of White Democrats say society “hasn’t gone far enough” in accepting people who are transgender, only 46% of Black Democrats and half (50%) of Hispanic Democrats agree.

Democratic advantage only happens if base is inspired

In a hypothetical national ballot, Democratic congressional candidates hold a robust 11-point lead over their GOP counterparts, 51-40 percent, among registered voters overall. But winnow down to those who say they voted in the last midterms and are certain to do so again and the contest snaps essentially to a dead heat, 48-46 percent.
For one thing, despite President Donald Trump’s historic unpopularity, almost as many Americans say they’ll vote in 2018 to show support for Trump as to show opposition to him, 22 versus 26 percent, with half saying he won’t be a factor. Indeed 57 percent of Republicans say they’ll vote to show support for Trump, while fewer Democrats, 46 percent, intend to send a message against him.
Just 27 percent of Americans express confidence in the Democrats in Congress “to make the right decisions for the country’s future,” matching the low set when the question last was asked January 2014, and a wide 16 points below its peak in 2009. The Democrats’ confidence rating is almost as poor as the Republicans’ in Congress (21 percent trust) and worse than Trump’s (34 percent).
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add this to my essay from the other day

Many more U.S. workers now report being dissatisfied with their financial situation than they did just two years ago, according to a new survey by global advisory firm Willis Towers Watson. Only 35 percent of employees said they were satisfied with their finances in 2017, a significant slide from the 48 percent who said the same in the 2015 version of the biennial survey.
...
Fifty-one percent of employees reported suffering a "significant financial event" in the past two years. Thirty percent of those who experienced such a financial shock said they had a significant medical expense.
In 2017, 34 percent of workers said their current financial worries negatively affects their lives, compared with just 21 percent in 2015.
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@gjohnsit
everything is expensive

A prolonged bull market across stocks, bonds and credit has left a measure of average valuation at the highest since 1900, a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group Inc.

“It has seldom been the case that equities, bonds and credit have been similarly expensive at the same time, only in the Roaring ’20s and the Golden ’50s,” Goldman Sachs International strategists including Christian Mueller-Glissman wrote in a note this week. “All good things must come to an end” and “there will be a bear market, eventually” they said.

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reflectionsv37's picture

@gjohnsit @gjohnsit And things are going to get more expensive for the Walmart shoppers. I don't know how much you been paying attention to what the US dollar has been doing, but it is falling like a rock against the Malaysia Ringgit and the Thai Baht. A few months ago 1 USD bought you 4.45 Ringgit. Today that same USD buys you RM4.08 and it's falling fast! Similar for the Baht. I don't pay much attention to the Chinese Yuan, but it has also gained value against the dollar, despite China's efforts to keep that from happening.

All those things that we import from Asia are going to start becoming more expensive. For me, here in Malaysia, they already have and it looks like it is only going to get worse!

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“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush

bitcoin_0.png

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Roy Blakeley's picture

@gjohnsit has an investment that allows one to short bitcoin.

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Arrow's picture

Bitcoin

A song just for you...

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I want a Pony!

Citizen Of Earth's picture

Col. Lee Busby, a retired Marine colonel entered the race with two weeks to go. All the teevee morning shows are giving him time.

Makes we wonder who put him up to it hoping it will cause votes to splinter off from either Republican Roy Moore or Democrat Doug Jones. Working for the Moore side maybe? But who knows.

And if Alabama elects the Pedophile (alleged), it will cement its image as the Trailer Trash State of America.

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Donnie The #ShitHole Douchebag. Fake Friend to the Working Class. Real Asshole.

reflectionsv37's picture

@Citizen Of Earth It sure doesn't seem like the people of Alabama have truly looked at the consequences of electing Moore. As we've seen with other states, on a variety of different issues, when you step way out of line, far outside acceptable norms of common decency, the state ends up suffering financially.

It's difficult to imagine many other issues that will drive people away from the state than a pedophile being elected to the Senate. As we've seen in the past, businesses will cancel events and look elsewhere for places to invest. This will end up costing Alabama huge financial loses and probably jobs as companies try to distance themselves from being associated with the state.

If the voters of Alabama elect this sleazeball, they deserve every penny of economic pain it brings to them.

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“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush

divineorder's picture

Whoa, will the court really do something good for a change?

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A truth of the nuclear age/climate change: we can no longer have endless war and survive on this planet. Oh sh*t.

snoopydawg's picture

@divineorder

The JCT gave a hint in its letter to Wyden, and it doesn't sound good for Republicans trying to brush off debt concerns. Barthold said the growth estimate will “assume an aggressive Federal Reserve response,” meaning the JCT thinks interest rates are likely to be a lot higher if the tax bill passes. That increases the costs of repaying the debt, sending the total price tag even higher.

I can feel the country holding its breath..

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There were problems with running a campaign of Joy while committing a genocide? Who could have guessed?

Harris is unburdened of speaking going forward.

what if we asked do you want a new party or two new parties instead of a "third" party? It is obvious that people are afraid of supporting a third party because they assume it will dilute the Democratic vote (more like the remaining Democrats will dilute the third party) also what would happen if present Republicans had the same option?

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On to Biden since 1973

People obviously hate Democrats more than they hate pedophiles, Hows that for a brutal truth?

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On to Biden since 1973

@doh1304
I wonder who'll inform the people on GOS?

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reflectionsv37's picture

@doh1304 Ouch!!

When you put it those words, it's better than a picture!!

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“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush