New York's Jon Chait has speculated, with his characteristic perspicacity, that Olympia Snowe’s statement of non-candidacy for the Senate may have also been a statement of candidacy for the Americans Elect presidential slot. He further noted that the endorsement yesterday of Wall Street’s favorite third party by former Oklahoma Senator David Boren (D-Exxon Mobil) sets up a proper Americans Elect ticket, since the group stipulates that its ticket must be made up of one Democrat and one Republican (or two independents).
Americans, the political scientists (and common sense) tell us, are ideologically conservative and operationally liberal. On the level of ideology, they’re opposed to government’s intervention in the economy. On the level of daily life, they support such universal government programs as Social Security and Medicare.
Republicans have reached their 1984. I don’t mean this in the Orwellian sense, though Republicans have more than their share of Orwellian impulses. Rather, I mean that the kind of divisions that have characterized Democratic presidential primaries since the 1984 contest between Walter Mondale and Gary Hart have now popped up in GOP primaries as well: This year, Republicans are dividing along lines of class.
We know what Ron Paul’s supporters look like (young, genial) and believe (they’re loony). We know that Rick Santorum’s supporters are downscale and devout. We know that Mitt Romney’s supporters are upscale—indeed, the more upscale the Republican, by evidence of the exit polls, the more likely he or she is to be resigned to Mitt. Above all, they want to win, though they’re having growing doubts that they picked the right horse. And Newt’s supporters …
In the end, as at the start, Thursday’s deal between five big banks, the Department of Justice, and the attorneys general of 49 states came down to New York, the center of mortgage securitization and securities misrepresentation, and California, the center of mortgage mis-origination. Those states’ attorneys general—New York’s Eric Schneiderman and California’s Kamala Harris, both progressive Democrats elected in 2010—weren’t about the give the banks a pass. Which is why it wasn’t until two a.m. Thursday that the deal was finalized.
