Hugh Hewitt talks with Senator Marco Rubio about the candidates for the U.S. Senate runoff election in GA and in particular Raphael Warnock. They also discuss Joe Biden’s potential presidential cabinet members.Read More »
Political analyst and poll watcher Nate Silver recently mocked political prediction markets, accusing them of being delusional and out of touch with reality.
But when you look back at the 2020 election, the prediction markets were a better gauge on the outcome than nearly all of the elite polling outlets. While pundits pointed to polls that showed a massive Biden lead, prediction markets thought the election outcome was close to a toss-up.
In Wisconsin, Michigan, and Ohio, Biden’s support was vastly overstated by the polling industry. In Florida, Polls said Trump would lose. The markets said he would win. He won by over 3 percent.
The success of betting markets is not some great mystery: They harness the power of the profit motive. Pollsters and pundits almost never get fired for bad predictions. But futures markets punish bad predictions.
It’s time we pay less attention to pollsters and more attention to markets.Read More »
The Obama administration was once defined by low growth and high spending. When Obama took office, our debt-to-GDP ratio was around 90 percent. Today, it has passed 105 percent.
While high debt is always a risk, you can to some extent outrun it with high growth. Under President Trump, while spending increased, it was partially offset by relatively high growth. The Obama years were bad for our economy, but our debt was low enough that we were able to avoid economic collapse.
Neither of these would be the case under a Biden administration. Our total national debt is higher than ever in peace-time, and Biden’s plan will only raise it dramatically further. He’s proposing over $5 trillion in new spending and the largest tax increase in 70 years.
Low growth, high debt and a growing tax burden: that’s a very dangerous combination, and that’s exactly what we should expect from a Biden presidency.Read More »
Dennis Prager talks to Peter Schweizer, president of the Government Accountability Institute and the author of Profiles in Corruption: Abuse of Power by America’s Progressive Elite. They discuss the Biden family corruption, in which Joe Biden uses his family to bank money from foreign governments while he was in office. Peter Schweizer has a video he produced called, The truth about the Bidens: Joe and Hunter Ride the Dragon.Read More »
Townhall Review – September 19, 2020
Larry Elder talks about the two Los Angeles County Sheriff deputies that were ambushed while sitting in their patrol car in Compton, California.
Dennis Prager talks with former White House Press Secretary Sarah Huckabee-Sanders about her experience inside the Trump White House and her book, “Speaking for Myself: Faith, Freedom and the Fight of our Lives Inside the Trump White House.”Read More »
A new study by Pew Research uses tricky language to exaggerate differences between Trump and Biden voters when it comes to views of America’s past. The report shows nearly all Biden voters agreeing with the statement: “It makes the U.S. stronger when we acknowledge the country’s historical flaws.”
Meanwhile, nearly half of Trump voters support the alternative view: “The U.S. may not have been perfect, but focusing on its historical flaws makes the country weaker.”
Actually, reasonable people should embrace both formulations: sure, it’s healthy to acknowledge shortcomings in our history, but focusing on those flaws, at the expense of all America’s worthy accomplishments, can be sick and destructive.
The Pew survey actually indicates that conservatives and liberals agree that it’s appropriate to recognize the nation’s imperfections.Read More »