Editors’ Blog
Times and WaPo Jump On Board Trump Camp Swift Boating of Walz 
The Post’s and the Times‘ pieces on Tim Walz service record are more egregious and spurious than you’re probably able to imagine. The accusations come from two members of his unit who are clearly MAGA partisans and who floated them during his 2022 reelection campaign for Minnesota governor in coordination with Walz’s Republican opponent. The attacks aren’t just “like” the Swift Boat attacks from 2004. They’re literally the work of the same guy. Chris LaCivita was the strategist who ran the Swift Boat attacks in 2004 and cut the commercials. He’s now the co-manager of the Trump campaign. He started this and then handed it off to Vance. As David noted, even Politico headlined it as a “Swift Boat” attack. Politico!
The accusation, such as it is, is that Walz retired from service just before his unit was deployed to Iraq.
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Inside the Galactically Over-Determined Story of Tim Walz’s Governing Ideology
Right now we’re seeing a parallel race to define Tim Walz, much as we saw and were seeing with Kamala Harris beginning in the last week of July. The stakes of defining the veep nominee are nowhere near as high as they are for the race to define the person at the top of the ticket, where so far it’s gone all in Kamala Harris’s direction. But I wanted to note some of the dimensions of this battle to define. Paradoxically, it’s going on both between the parties and also within the Democratic Party. The Democratic left and the GOP both seem joined in wanting to portray if not Walz than the Walz pick as a sign of rising left-wing power in the Democratic Party or a de facto veto over any VP pick that would validate or express support for Joe Biden’s policies on Israel and Gaza. I don’t think either point is so much wrong as misleading and a simple misreading of the actual political dynamics which are shaping the current moment or politics going back the last six or seven years.
Let me start with a related observation.
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Kamala Goes Electric and Trump Melts Down
Last Thursday the Harris campaign began offering tickets for a campaign rally in Detroit the following Wednesday (tomorrow, August 7th). Over the first 24 hours they received 47,000 requests for tickets. 47,000. That spurred a multi-day search for a Detroit area venue that could handle the demand to see the Vice President. As Donald Trump never grasped, there’s no straight-line connection between rally attendance and votes. But at that scale they signal enthusiasm and energy that neither campaign (Trump or Biden) has seen at any time in this cycle. They demonstrate a purchase into the larger popular culture that President Biden never had and Donald Trump, for all his greater currency on social media, doesn’t either.
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First Thoughts on the VP Pick
A few thoughts on today’s big news.
My first reaction was shock that it was Tim Walz and not Josh Shapiro. Not “shock,” disappointment, or “shock,” it was a bad decision. But “shock” in the simple sense that I really thought it was pretty much definitely Shapiro for the last week. There were lots of reasons I thought this but what sort of sealed it was hearing that Harris would do the roll out in Philadelphia. Just didn’t add up to me she’d roll out anyone but Shapiro in the state where he’s governor and in what is essentially his home town.
Obviously, that was wrong.
Read More- No way of getting around this: What we’re now seeing in the campaign is at the very outer bounds of what I thought was possible with a Biden-to-Harris switch. We’re now looking at a four-to-five point move in Harris’ direction over just two weeks. My bullish scenario was Harris resetting the campaign to the status quo ante before the big debate — at which point Biden was not in a bad position but was clearly if slightly behind. From there, a more dynamic Harris campaign uses the remaining three months of the campaign to battle its way into a lead. That’s not what we’re seeing. Harris is holding all of Biden’s strength in the Blue Wall states, adding to it and then also moving the southern tier states into contention. Her current popular vote margin is moving into the range a Democrat needs to win the election.
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This note from TPM Reader MW made my day …
Read MoreI was reading Josh’s post about No One Left Behind. My wife (now deceased) and I have benefited from your program for a long time. This is something I am very grateful for. It isn’t that we could not get good news somewhere else. It is very much about the quality, the people involved in making it work, the connection you have with the readers, the fellowship between the readers, and even something beyond all of that. The dream Josh and you all have brought forward with this project is infectious.
When I mentioned this before to Josh I am not sure he understood how or why readers would become so involved with what TPM is. TPM is inclusive of all people and not just members. That is the best part. But the quality and drive behind the reporting is unmatched in my opinion. And that certainly is not just my opinion. I am sure since then that others have said the same thing. I think you all realize you have a lot of people cheering you on and if you don’t you should.
If you look at the 538 national average, Harris went from a .2 percentage point lead on July 28th to a 1.9 percentage point lead today. That is a substantial move over one week.
Annals of Fed Misses
It’s not easy running the Fed. For years Jerome Powell got a lot of credit for navigating the U.S. economy with an unexpectedly loose monetary policy, through the COVID crisis and with a lot of “soft landing” credit during the Biden years. But through 2024 there’s been a backdraft of criticism that, having waited a bit too long to react to the inflation surge, he’s now holding the brakes too long, even after inflation has fallen pretty close to the central bank’s target rate. Last Friday’s jobs report was interpreted as providing key evidence that the Fed had in fact waited too long and that the U.S. economy now faced a real risk of recession. Today there’s a big market sell-off apparently kicked off by fears of slowing U.S. growth.
A couple quick thoughts on this.
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