Weinstein for RCP: Making “Fiscal Space” for the Clinton Agenda

POLICIES FOR THE NEXT ADMINISTRATION. PART 8: FEDERAL BUDGET

This is the eighth in a series on the major policy ideas — from Left and Right — that should guide the next presidential administration’s agenda. (For the opposing view, see James C. Capretta, “Fiscal Policy After the Election.“)

Hillary Clinton’s agenda of investing in people and infrastructure is an important step to righting America’s economic ship. And, to her credit, her agenda is generally offset by proposals to close tax loopholes and tax hikes on higher income individuals. But it is very unlikely that Congress will sign on to over a trillion in new spending to be paid for solely with new taxes and a small increase in the deficit, even if Democrats somehow regain control not only of the Senate, but also the House. That’s why, if elected, Mrs. Clinton will need to embrace the moment and work to enact a comprehensive deficit reduction package (including tax and entitlement reform) that will create the “fiscal space” for her investment agenda.

Fortunately, once this election is over, the fiscal policy debate is likely to reignite and get a lot hotter, creating a window for a big budget deal that could also serve as a vehicle for her policy agenda. The continuing resolution keeping the federal government open will expire in early December, likely to be followed by another short-term extension to get the government through the Inauguration. In February, the new president will submit the administration’s annual budget for 2018. Then comes March and the expiration date for the debt-ceiling deal cut in 2015. Finally, come October 1 2017, sequestration will rear its ugly head again when the two-year budget cap increase runs out.

Continue Reading at RealClearPolicy.

A Note From PPI President Will Marshall on Obama’s “Way Ahead”

I’d like to draw your attention to this extraordinary essay by President Obama in The Economist. It stands out for two reasons. First, it provides what has been sorely missing from the bizarre 2016 presidential race – a progressive roadmap for restoring America’s economic dynamism.

Second, President Obama’s approach to reversing nearly two decades of slow economic growth is uncannily parallel to the Progressive Policy Institute’s policy blueprint for pro-growth progressives: Unleashing Innovation and Growth: A Progressive Alternative to Populism.

Both documents reject populist claims that the U.S. economy is a “disaster” or a game hopelessly rigged by Wall Street or billionaires and focus instead on the main driver of meager wage gains and growing inequality – slumping productivity growth. As the President notes, one reason for the slowdown is lagging private investment – a problem PPI also has been highlighting in multiple studies of the nation’s “investment drought.”

We also agree with many of the President’s key prescriptions for putting America back on a high-growth path. To highlight just a few:
  • Pro-growth tax reform, including lowering business taxes and closing special interest loopholes.
  • Expanding U.S. exports and passing the Trans-Pacific Partnership to strengthen global trade rules.
  • Lowering college costs, not just expanding education subsidies.
  • Making work pay by expanding tax credits for low-income workers.
Why is all this important? Because despite all the rhetoric about “inclusive growth,” in this election, we’re hearing a lot more about distributing existing wealth than creating new wealth. To speak to the hopes and aspirations of working families, Democrats need to balance that equation.

Marshall for The Hill: Clinton outshines Trump, but needs knockout

The biggest asset GOP nominee Donald Trump brings to the presidential race is not his alleged business acumen — which more and more looks like an elaborate con — but his showmanship. So it was a bit surprising to watch Democratic nominee Hillary Clinton consistently skewer and dominate the reality-TV star in last night’s debate.

The confrontation mostly confirmed what we already knew about the two candidates, but it was the first opportunity to see them perform side-by-side — and Trump suffered from the comparison. Clinton was poised, confident and briskly in command of the facts; Trump blustered repetitively, was easily put on the defensive and his free-association ranting — such as his Sid Blumenthal excursion — was often too scatterbrained for anyone but political junkies to follow.

The juxtaposition highlighted once more that Trump hasn’t bothered to bone-up on the complex and knotty issues he’d confront as president. The White House is no place for winging it, yet he appears to lack the mental discipline to prepare himself to succeed in world’s toughest job. Are U.S. voters really so desperate for change that they would entrust a rank amateur like Trump with their highest office? This is the crux of the choice voters face in November.

Continue Reading at The Hill.

Clinton getting the link between innovation and jobs

As we’ve repeatedly said, innovation creates jobs, not destroys them. But we’ve also recently pointed out that government has been lagging private sector spending on R&D, and that’s one reason why productivity growth and job creation has been weak. Moreover, PPI’s Will Marshall recently wrote that the Democrats have to resolve their economic identity crisis.

So it was good news when in today’s speech in Michigan, Hillary Clinton said:

And we’re going to … recommit to scientific research that can create entire new industries.

She’s been getting increasingly powerful on this point.  On her website, her “Jobs Plan for Millennials” contains the paragraph (our bold):

Support scientific research and technological innovation. We must ensure that America remains at the forefront of scientific and technological innovation in the 21st century. We will make bold new investments in scientific research, which will create entirely new industries and the good-paying jobs of the future. Together, we can achieve bold research goals, like preventing, effectively treating, and making an Alzheimer’s cure possible by 2025. And we will pursue public policies that spur technological innovation and support young entrepreneurs. Hillary believes that by supporting young entrepreneurs in all types of communities, we can catalyze innovation hubs across the country, encourage millennial talent and capital to invest in their communities, and build thriving local economies.

By contrast, a Google search of Trump’s website shows no appearances of the term “scientific research.”  The outline of Trump’s economic vision on his website does not contain the words ‘technology’ or ‘innovation’.  We wonder if Trump understands that his favorite outlet, Twitter, was only invented in 2006.

 

 

 

 

CNN: Democrats must resolve economic identity crisis

Donald Trump’s travesty of a presidential campaign is forcing Republicans to ask themselves some hard questions: Does party loyalty outweigh the risks of putting a self-infatuated political ignoramus in the White House? Do they hate Hillary Clinton more than they love their country?

No doubt Democrats are enjoying the GOP’s agonizing moment of truth, but their party also faces a big strategic choice. Will Democrats wage the fall campaign as pro-growth progressives or as angry populists?

Continue reading at CNN.

NY Daily News: A counterproductive new trade consensus: Democrats need to get responsible on the TPP and other economic pacts

After the Republican fear-fest in Cleveland, watching the Democrats in Philadelphia last week was like stepping out of the Dark Ages into the Enlightenment. Donald Trump may have no use for facts, civility or rational argument, but these things still seem to matter to Democrats.

There was, however, a big exception to the rule: trade. Riding a wave of populist wrath, Democrats demonized President Obama’s Trans-Pacific Partnership (TPP) as a gift to the 1% and mortal threat to U.S. workers. It’s a bogus claim, and one that has them sounding a lot like, well, Trump.

TPP is a linchpin of Obama’s strategic goal of “rebalancing” U.S. power and diplomacy. It would combine the U.S. and 11 Pacific nations in a vast free-trade zone that would act as a counterweight to China’s enormous economic might. If the pact goes down, so will our influence in the region, leaving Beijing to call the shots.

Continue reading at New York Daily News.

A Response to the National Education Policy Center

When I saw that the University of Colorado-Boulder’s National Education Policy Center had published an 11-page review of my recent Progressive Policy Institute report, A 21st Century School System in the Mile High City, I was flattered. Then I read Professor Terrenda White’s work and was flabbergasted.

Professor White contends that “the only data presented are in the form of simple charts.” Later: “The reader is led to conclude the efficacy of all manner of reforms based on eyeballing what is basically a scatterplot.”

This is probably the oddest criticism I have ever seen, because it is so obviously false. Here is a short list of the data presented in the report:

  • The percentage of students in Denver and Colorado scoring proficient or advanced on state standardized tests, 2009-2014, overall and broken down by race.
  • The percentile ranking of Denver schools vs. all Colorado schools on state standardized tests, 2013-2015, based on the percentage of students scoring proficient or above.
  • Dropout rates and graduation rates from 2005-06 to 2014-15.
  • Denver ACT scores vs. the state and nation, 2007-15.
  • Increases in the number of students taking and passing Advanced Placement courses.
  • College enrollment rates in Denver and Colorado.
  • The percentage of college enrollees from Denver Public Schools (DPS) required to take remedial classes, 2010-2013.
  • The achievement gap between low-income and non-low-income students and between white and African American and Latino students.
  • A 2014 study by Alexander Ooms, published by the Donnell-Kay Foundation, presenting school performance data through 2013, which concluded that the district’s “success in creating quality schools—as well as serving low-income students within those schools—resides overwhelmingly with charters.”
  • My analysis of 2014 school performance scores, which revealed little change in Ooms’ conclusions.
  • A study of test scores from 2010 through 2014, by economists at the Massachusetts Institute of Technology and Duke University, which found that Denver’s charters produced “remarkably large gains in math,” large gains in writing, and smaller but statistically significant gains in reading, compared to DPS operated schools.

Odder still, Professor White acknowledges the MIT-Duke study on p. 5, which of course contradicts her repeated statements that the report’s only data is in the scatterplots. (These compared charter, traditional, and innovation schools in Denver based on two factors: percentage of low-income students and standardized test scores in 2015. They showed that charters generally outperformed DPS-operated schools with students of similar income levels at the middle- and high-school level but not in elementary schools.)

Then there’s her criticism of my recommendation that DPS open more charters: “Replication of charter schools that use a narrow set of practices, moreover, suggests limited options for parents seeking diverse curricular and pedagogical choices.” Did Professor White miss my recommendation that DPS “begin to recruit outstanding charter networks from outside Colorado”? Or does she think that all charter schools “use a narrow set of practices”?

One of Professor White’s central criticisms was that “causality cannot be determined, and the report did not attempt to isolate the effect of a multitude of reforms—including charters, performance pay, and a new performance framework—from larger complex forces shaping student demographics in the city.”

First, it is impossible to isolate the exact impact of specific initiatives, given how many reforms Denver has implemented over the last decade. But the report does compare the impact of charter and DPS-operated schools, using multiple sources of data (as indicated above). It also makes demographic comparisons between charter and traditional schools: by 2014-15, “charters served 3 percentage points more low-income students (those who qualify for free and reduced-price lunches) and 10 percentage points more English language learners.” Then it introduces the scatterplots to provide more fine-grained demographic comparisons.

In a related point, White writes, “The report does not address whether the expansion of charter schools has exacerbated racial segregation, but this is a vital question in light of trends in other cities.” Her footnote cites a study done on New York State, which has absolutely no bearing on Denver. The city has seen a decrease in integration since the courts ended mandatory busing in 1995, but not because of charters. Indeed, the largest charter network works hard to make sure its schools are well integrated by race and income, reserving 40 percent or more of the seats for low-income students. Alexander Ooms took a look at racial and economic segregation in 2012 and found that the district’s own selective schools were the biggest offenders. His conclusion: “So is there a type of school within DPS that is systematically contributing to segregation within our public school system? You bet. But they are not charter schools, and they are not a secret. They are selective admissions schools—including many of the most popular programs in the district—and they are hiding in plain sight.”

Finally, Professor White asserts that I downplayed “the role of outside forces and moneyed groups that influenced the nature of reforms.” Did she read this sentence? “In 2013, Democrats for Education Reform and its allies raised significant money and recruited as candidates a former lieutenant governor, another former city council president, and a former chairman of Denver’s Democratic Party.” How about this one? “The reformers won in part because they had more money and in part because their approach has yielded results.”

She also criticizes me for downplaying “the vulnerability of current reforms to future protests due to embittered stakeholders and local actors concerned about the influence of outside interest groups….” But her footnote cites only one source, a blog by an embittered former board member who hates the superintendent and current board, criticizes everything they do, and has little credibility. As the report notes, reformers won a 6-1 majority in 2013 and a 7-0 majority in 2015. There is opposition, but it is poorly organized and has been wildly unsuccessful in recent years.

Sadly, Professor White did not write a scholarly review, she wrote anti-charter propaganda—something we see all too frequently these days. It’s no surprise that the NEPC is funded in part by the nation’s largest teachers union, the National Education Association.

Rather than publishing distortions aimed at discrediting charter schools, I would invite NEPC scholars to do some research to better understand just what is driving improvement in Denver’s public schools. Why, for instance, are all 12 of the secondary schools with the highest academic growth rates charters? There is surely some fascinating “causality” to be unearthed there!

The Daily Beast: The Coming GOP Clown Show in Cleveland Has Responsible Republicans Running the Other Way

When Republicans nominate Donald J. Trump for president in Cleveland next week, it will mark the nadir of their party’s 164-year existence. To go from Lincoln to Trump is to descend from the sublime to the ridiculous.

As a progressive, I should be delighted because a Trump-led GOP should portend sweeping Democratic gains this fall. But as a citizen, I’m sickened by what Trump’s rise says about America’s democratic malaise.

Think about it. The party that saved the Union is about to hand its nomination to a vacuous and bigoted blowhard who isn’t remotely qualified to be President of the United States. He’s never been elected so much as dog catcher and gives no signs of having thought deeply about any public question. He is incapable of articulating reasoned arguments or engaging in public debate without slurring his opponents and belittling those who disagree with him.

Trump’s “ideas” are a toxic cocktail of some of the most discredited and retrograde tendencies in U.S politics—1920s-vintage nativism, Smoot-Hawley style protectionism and America First isolationism. Rather than appealing to the better angels of our nature, Trump aggravates the pathologies that are tearing our society apart—a belligerent dogmatism that is deaf to persuasion and prone to violence; a tribal politics that puts ethnic or religious identity above our common rights and duties as citizens, and a disdain for facts and evidence that don’t support one’s preferred political “narrative.”

Continue reading at The Daily Beast.

The Daily Beast: Hillary Clinton Will Be Barack Obama’s Third Term

With so much ink spilled on the prospects of a Trump presidency, far less attention is being devoted to the more likely scenario of a Hillary Clinton presidency. When there has been sustained speculation, it’s typically been either biographical or ideological: how would her storied professional and personal life, or her sometimes unclear political beliefs, shape her behavior in office?

At least as important to understanding any presidency, however, is determining where that chief executive resides within larger cycles of history and politics. Such a perspective strongly suggests that a Clinton presidency would be one of “articulation” and would bear most similarity to those of Harry Truman (1945-53), Lyndon Johnson (1963-69), and George H. W. Bush (1989-1993).

The term “articulation” comes from the four-part typology (also including “reconstruction,” “disjunction,” and “preemption”) created by political scientist Stephen Skowronek in his now-classic 1997 book The Politics Presidents Make. Skowronek argues that a key to locating presidents in “political time” is to determine whether they are opposed to, or aligned with, the prevailing political paradigms of their time, and then to assess whether those structures and ideologies remain resilient or have grown vulnerable to challenge.

Continue reading at the Daily Beast.

U.S. News & World Report: Tom Vilsack for Veep

On what basis should presidential nominees pick their running mates? Theories abound, but there’s scant proof that vice presidential candidates ever change electoral outcomes. It’s still an important choice that says much about a nominee’s political psychology and needs. But selecting a veep, like pairing wines with food, is more art than science.

There used to be a premium on balancing the ticket geographically. John Kennedy picked Lyndon Johnson in 1960 to hold Texas and the Solid South for Democrats. The suave Bostonian and earthy Texan made a fascinatingly odd couple, but political scientists find little evidence that the pick helped JFK win. And by the time Michael Dukakis tried to reprise the Boston-Austin axis by tapping Lloyd Bentsen in 1988, the entire South was largely lost to Democrats.

Ronald Reagan, running an insurgent campaign against Gerald Ford in 1976, opted instead for ideological balance. To soften his right-wing image, he tapped the blandly moderate Sen. Richard Schweiker of Pennsylvania. Four years later, Reagan did it again, picking primary rival and GOP establishment favorite George H.W. Bush with an eye toward uniting his party for the fall showdown with incumbent President Jimmy Carter.

Continue reading at U.S. News & World Report.

The Hill: How ‘Brexit’ would inflame populism abroad – and here in the US

The ‘Brexit’ tide at last seems to have hit the sturdy seawall of British common sense. Heading into today’s national referendum, polls show rising support for staying in the European Union.

True, the contest remains a dead heat and could go either way. But the momentum apparently shifted after last week’s shocking murder of Labour Member of Parliament Jo Cox by a man spouting ultra-nationalist slogans. It’s also possible that the impending vote has concentrated U.K. voters’ minds on the sheer implausibility of going it alone in today’s interconnected world.

There’s little doubt where global markets stand on the question. Stocks surged everywhere early this week and the British pound rose as word of the new polls spread. That reaction can only reinforce the “Remain” camp’s argument that detaching from Europe would, on balance, weaken Britain’s economy.

Continue reading at The Hill.

The Hill: Trade is popular in swing states, among Democrats

The Hill’s Vicki Needham cited a PPI poll and quoted both PPI President Will Marshall and Senior Fellow for Trade and Global Opportunity Ed Gerwin in an article on how voter’s opinions on trade will impact the election.

Voters in four battleground states — Colorado, Florida, Nevada, and Ohio — expressed positive views about the U.S. expanding trade, even while Hillary Clinton and Donald Trump call for major changes to the nation’s global commercial outreach.

A new Progressive Policy Institute (PPI) poll on Wednesday shows that by a 55 to 32 percent margin swing-state voters say that new high-standard trade deals can help the U.S. economy and support good paying jobs.”

Read the entirety of the article at The Hill.

Does ‘Deadbeat Donald’ Have Any Money?

On Saturday, Donald Trump issued an “emergency” appeal seeking $100,000 for his campaign “to help get our ads on the air.”

This was odd for three reasons. First, according to his own commercials, the main premise of Trump’s campaign was that he would pay for it himself. Second, Trump’s campaign disclosure forms allege that his total net worth is ten billion dollars. To be clear, this is 100,000 times larger than his $100,000 urgent appeal. If Trump told the truth about his wealth, $100,000 for him would be the same as about 2 or 3 dollars for an average American. Third, his near-bankrupt campaign has paid out millions of dollars to Trump businesses and family members.

These facts add to mounting evidence that Trump has lied about his wealth. As Forbes recently wrote, “The Occam’s razor explanation is that he’s not worth $10 billion.” Forbes should know, given the magazine’s long track record of assessing the relative wealth of various billionaires. Just last year, Forbes concluded that Trump’s $10 billion claim was “a whopper” of a lie. Indeed, experts suggest that the reason Trump refuses to release his tax returns because they will reveal the extent of his lies.

So how has Trump gotten away with lying about his business record?

In part, he’s used lawsuits to deter people from poking around in his affairs. For instance, in 2009, Timothy O’Brien published a book reporting that Trump was a millionaire, not a billionaire, who had amassed less money than prior presidential nominees such as Ross Perot (roughly $3.9 billion) or Mitt Romney (roughly $330 million if you include the separate trust for his children). Trump sued O’Brien for defamation, as part of a broader legal campaign to ward off critics.

Unfortunately for Trump, he lost his lawsuit against O’Brien both at trial and on appeal, and in the process was forced to give depositions and even privately share his tax returns with O’Brien.

So, when the lies are pulled away, what information do we have about Trump as a businessman and a candidate?

First, Trump inherited his money.

Over four decades ago, in 1974, Trump’s father gave him control of a company that was worth $200 million, and then provided additional loans and assistance over time. A finance professor at the University of Texas, who analyzed Trump’s holdings since 1976, concluded that: “Trump has underperformed the real estate market by approximately $13.2 billion, or 57%.” That bears repeating. Compared with average business performance in the real estate sector, Trump squandered billions of dollars over the course of his career.

Second, Trump is more grifter than a business leader.

As The Atlantic reported in 2011: “In financial circles, it’s pretty well known that Trump is a deadbeat.” While Trump has paid himself and family members out of campaign funds, he has repeatedly stiffed smaller vendors, destroying some mom-and-pop businesses that had previously survived for generations. He’s also destroyed wealth by urging people to invest in failing businesses, such as Trump Mortgages; Trump Tower Tampa; Trump Ocean Resort Baja Mexico; Trump Taj Mahal; Trump Magazine; Trump World Magazine; Trump Steaks; the Trump Shuttle; and Trump University. In several of these projects, Trump was sued. He settled out-of-court with investors in some cases. With Trump University, tuition-paying students allege that Trump used fraud to dupe them into becoming customers. Each time a Trump company declares bankruptcy, his partners and investors are left holding the bag.

Third, Trump had strong ties to the Mafia when he was a real estate developer.

Pulitzer Prize-winning journalist David Cay Johnston, who has written a book about organized crime and gambling, has spent many years investigating the ties between Trump and the Mafia. In a lengthy story for Politico, Johnston “encountered multiple threads linking Trump to organized crime.” These threads included openly seeking mob support to compete against real estate developers who refused to do so. This seems astonishing for a mainstream presidential candidate, but recall that unlike Trump’s political rivals, Trump has aggressively used libel laws to prevent prior journalistic investigations of his money. Johnston’s Politico story is well worth a close read.

Fourth, Trump’s only “legitimate” money came from promoting gambling, sex, and violence.

When you take away the inheritance, the mob ties, the contract breaches, bankruptcy court, litigation threats, eminent domain, and fraud, what’s left is Trump’s role as a huckster. In 1992, Trump blamed Mike Tyson’s rape victim for her rape, when Tyson’s release would have boosted Trump’s boxing-related revenues. In 1994, Trump spoke with Lifestyles of the Rich and Famous and speculated as to whether his then-infant daughter would develop attractive breasts. From the late 1990s onward, Trump built his name as a “reality star” by repeatedly demeaning women first on Howard Stern’s radio show, then later on his television show The Apprentice. As the Washington Post summed it up, “Trump has made flippant misogyny as much a part of his trademark as his ostentatious lifestyle.” Apparently, this brand appealed to the roughly 5 percent of eligible American voters who voted for Trump in the GOP primaries, but sleaze marketing is not much of a blueprint from which to strengthen America.

Finally, Trump’s proposals would be a disaster for the American economy.

So what are the policy ideas of this so-called “businessman” whose only clean money comes from reality television? For starters, Trump has made it clear that he intends to extend the philosophy of “Deadbeat Donald” to the full faith and credit of the United States Treasury. During a recent interview with CNBC, Trump literally suggested that the United States should threaten bankruptcy to stiff owners of Treasury bonds. As analysts from the left, right, and center pointed out, this idea would trigger an immediate global economic crisis. This is because the world economy relies upon Treasury bonds as risk-free securities, to the benefit of global financial markets and the enormous benefit of the United States.

This is not the only economically catastrophic idea that Trump has proposed. Actual business leader Mitt Romney, the Republican Party’s presidential nominee four years ago, explained that: “If Donald Trump’s plans were ever implemented, the country would sink into a prolonged recession” by triggering a trade war with other nations. Trump’s budget math does not remotely add up. His famous wall with Mexico would cost tens of billions of dollars to build and maintain, and no, Mexico will not pay for it.

Americans have roughly five months to learn about the “Deadbeat Donald” aspect of Trump’s track record and policy ideas. If we do not learn that lesson by November 4, unfortunately we will learn it the hard way shortly thereafter.

Cross-posted from Huffington Post. A version of this post originally appeared on Medium.

RealClearPolicy: Trump’s Wrong on Trade Policy & Maybe Trade Politics, Too

The Washington Post’s Catherine Rampell recently detailed the economic carnage that would result from Donald Trump’s reckless approach to trade — including likely recessions, millions of lost jobs, and higher prices for American consumers.

As we’ve detailed, protectionism is bad economics. But, apparently, it’s been good politics for Trump as well as Bernie Sanders, both of whom used trade-bashing populism to energize angry voters during primary elections, where extreme partisans often play an outsized role. And Trump promises to double down on opposition to trade as he pivots toward November.

As America moves from interminable primaries to the general election, however, Trump — and Hillary Clinton — will face a different political calculus on trade. A new Progressive Policy Institute poll shows that Democratic voters in key battleground states have a broadly positive view on trade — and a more positive one than do Republicans. Crucially, so do the swing voters, who will ultimately determine whether these states go red or blue in November.

Swing voters and voters in battleground states played a decisive role in reelecting Barack Obama in 2012 — and in sending a large Republican majority to Congress in 2014. As detailed in our new poll, conducted by veteran Democratic pollster Peter Brodnitz, these voters also have decidedly different attitudes about trade and America’s role in the global economy.

Continue reading at RealClearPolicy.

Financial Times: Who will be Hillary Clinton’s vice-presidential pick?

PPI President Will Marshall was quoted in the Financial Times about his thoughts on who Hillary Clinton should choose for her running mate.

The improbable elevation of Trump to the GOP nomination leaves open a vast swath of political terrain across the middle. It puts in play all kinds of moderate Republicans, particularly suburbanites, particularly women,” says Will Marshall, president of the Progressive Policy Institute, a think-tank close to the Bill Clinton administration. “So if I were in her shoes, I’d say you want to pick somebody who has crossover appeal, somebody who appeals to the moderate, middle America.”

Read the rest of the article at the Financial Times.

The News & Observer: The new Edsels? The hard selling of Clinton and Trump

PPI President Will Marshall was quoted in an article from The News & Observer, which discussed the unpopularity of both Hillary Clinton and Donald Trump and how that will affect undecided voters.

Somehow a brand is needed that will woo the swing voters, whose top priority is seeing their economic situation improve. That doesn’t lend itself to easy branding.

“They don’t believe the economic deck is stacked against them,” said Will Marshall, the president of the Progressive Policy Institute, a Democratic-leaning research group. “But they reject the Trumpian view that the economy is broken.”

Read the rest of the article at The News & Observer.