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Could a mechanic in Nebraska determine control of the Senate?

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AT MOST POLITICAL events in America, the arrival of the candidate is a big deal. A crowd builds, underlings prepare, and eventually the chosen one sweeps in, shaking hands, waving and generally being the centre of attention. That was not what happened when Dan Osborn, an independent candidate for the Senate in Nebraska, arrived at his event in Omaha on October 22nd to discuss Social Security. Instead, he arrived early, then milled around at the back, looking like another member of the crowd. Yet Mr Osborn has ambitions to achieve one of the biggest upsets of this election: unseating a Republican incumbent, Deb Fischer, in what ought to be one of the safest seats in America.

According to a poll conducted for The Economist by YouGov, Mr Osborn is seven points behind Ms Fischer, 50% to 43%, with the rest undecided. That suggests his chance of winning is slim. It cannot, though, be entirely ruled out. Another poll conducted around the same time for the New York Times put Mr Osborn just two points behind. If that poll is correct, and ours is not, then Mr Osborn holds a significant chance of determining the majority in the Senate. Yet even if Ms Fischer sneaks to victory, Mr Osborn’s run could be consequential. He proves that in the least competitive of states, a complacent incumbent in the Senate can still be challenged.

Mr Osborn’s candidacy has a curious origin story. He entered the race last year after Mike Helmink, a union leader who had planned to run himself, dropped out after being refused time off by his employer, and drafted Mr Osborn instead. Initially he courted the Nebraska Democratic Party, which chose not to stand a candidate, but after the deadline to declare for a primary passed, he changed his mind and said he would run as an independent. That meant forsaking the organisational and fundraising help of the Democratic Party—but allowed him to run his own campaign with his own platform.

It seems to be working. Unusually, both Nebraskan Senate seats are up this year. The other Republican incumbent is Pete Ricketts, a member of the billionaire family which owns the Chicago Cubs baseball team. Mr Ricketts was appointed to the job last year after serving as Nebraska’s governor. He faces a special election. According to our poll, Mr Ricketts is leading his Democratic opponent by 18 points. That gives a sense of how many Republican voters Ms Osborn is winning over.

Why is he doing well? It must help that he comes across as a very ordinary Nebraskan. His only previous political experience is as a union leader who led a strike at the Kellogg factory in Omaha, where he worked as a mechanic for 22 years. Before that, he served in the Navy and in the Nebraska national guard. And he is running a smart campaign, attacking Ms Fischer for backing business interests in the state over ordinary Nebraskans. A union-linked super PAC supporting him has bought inexpensive advertising in rural newspapers and on radio stations targeting voters in Ms Fischer’s heartland with surprisingly detailed critiques of her voting.

His key appeal, however, seems to be his independence. Ideologically, Mr Osborn is eclectic. Like any union Democrat, he denounces billionaires and millionaires and special interests, and wants taxes to rise on high-income workers to save Social Security. But he is also highly critical of illegal immigration (which he sees mostly engineered by the boss class to keep wages down). Though he is pro-choice, he stresses he is a Catholic who opposes abortion personally. At times he compares himself to Joe Manchin, the outgoing maverick Democratic-turned-independent senator from West Virginia. His advertisements go further: one of his latest features Osborn voters accusing Ms Fischer of stabbing Mr Trump in the back.

Our poll finds that most Nebraskans expect him to vote with Democrats if he wins. Of those who say this, a large majority are supporting Ms Fischer. But 17% expect him to be a genuine bipartisanvoting roughly evenly. These voters  are overwhelmingly backing Mr Osborn, by 83% to 11%. That explains the approach Ms Fischer has taken in response. In the final weeks of the campaign, a super PAC that supports Republicans in the Senate has poured money into the state to pay for adverts suggesting Mr Osborn has links to Bernie Sanders (the socialist senator from Vermont supported the strike at Kellogg). In an interview, Ms Fischer says that “he is not honest”. Her spokesman says he is a “liberal Democrat in disguise”.

That message, and voters’ partisan reflexes, should be enough to save her. Even so, Mr Osborn has shown that Republicans can be vulnerable even in the reddest of states. His success hints at how Democrats are struggling with a perception they “have lost touch with the working class and look at working class areas in a condescending way”, says Robin Johnson, a political scientist at Monmouth College in Illinois. Perhaps the party should consider standing aside in a few more red states.

Economics

Donald Trump has many ways to hurt Elon Musk

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THERE WAS a time, not long ago, when an important skill for journalists was translating the code in which powerful people spoke about each other. Carefully prepared speeches and other public remarks would be dissected for hints about the arguments happening in private. Among Donald Trump’s many achievements is upending this system. In his administration people seem to say exactly what they think at any given moment. Wild threats are made—to end habeas corpus; to take Greenland by force—without any follow-through. Journalists must now try to guess what is real and what is for show.

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Economics

Donald Trump has many ways to hurt Elon Musk

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THERE WAS a time, not long ago, when an important skill for journalists was translating the code in which powerful people spoke about each other. Carefully prepared speeches and other public remarks would be dissected for hints about the arguments happening in private. Among Donald Trump’s many achievements is upending this system. In his administration people seem to say exactly what they think at any given moment. Wild threats are made—to end habeas corpus; to take Greenland by force—without any follow-through. Journalists must now try to guess what is real and what is for show.

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Economics

Jobs report May 2025:

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U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%

Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday.

Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the U.S. economy added in April.

The unemployment rate held steady at 4.2%. A more encompassing measure that includes discouraged workers and the underemployed also was unchanged, holding at 7.8%.

Worker pay grew more than expected, with average hourly earnings up 0.4% during the month and 3.9% from a year ago, compared with respective forecasts for 0.3% and 3.7%.

“Stronger than expected jobs growth and stable unemployment underlines the resilience of the US labor market in the face of recent shocks,” said Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management.

Nearly half the job growth came from health care, which added 62,000, even higher than its average gain of 44,000 over the past year. Leisure and hospitality contributed 48,000 while social assistance added 16,000.

On the downside, government lost 22,000 jobs as efforts to cull the federal workforce by President Donald Trump and the Elon Musk-led Department of Government Efficiency began to show an impact.

Stock market futures jumped higher after the release as did Treasury yields.

Though the May numbers were better than expected, there were some underlying trouble spots.

The April count was revised lower by 30,000, while March’s total came down by 65,000 to 120,000.

There also were disparities between the establishment survey, which is used to generate the headline payrolls gain, and the household survey, which is used for the unemployment rate. The latter count, generally more volatile than the establishment survey, showed a decrease of 696,000 workers. Full-time workers declined by 623,000, while part-timers rose by 33,000.

“The May jobs report still has everyone waiting for the other shoe to drop,” said Daniel Zhao, lead economist at job rating site Glassdoor. “This report shows the job market standing tall, but as economic headwinds stack up cumulatively, it’s only a matter of time before the job market starts straining against those headwinds.”

The report comes against a teetering economic background, complicated by Trump’s tariffs and an ever-changing variable of how far he will go to try to level the global playing field for American goods.

Most indicators show that the economy is still a good distance from recession. But sentiment surveys indicate high degrees of anxiety from both consumers and business leaders as they brace for the ultimate impact of how much tariffs will slow business activity and increase inflation.

For their part, Federal Reserve officials are viewing the current landscape with caution.

The central bank holds its next policy meeting in less than two weeks, with markets largely expecting the Fed to stay on hold regarding interest rates. In recent speeches, policymakers have indicated greater concern with the potential for tariff-induced inflation.

“With the Fed laser-focused on managing the risks to the inflation side of its mandate, today’s stronger than expected jobs report will do little to alter its patient approach,” said Rosner, the Goldman Sachs strategist.

Friday also marks the final day before Fed officials head into their quiet period before the meeting, when they do not issue policy remarks.

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