Connect with us

Economics

The rich history of Chicago national conventions offers hope to both parties

Published

on

This is the introduction to Checks and Balance, a weekly, subscriber-only newsletter bringing exclusive insight from our correspondents in America.

James Bennet, our Lexington columnist, considers what the history of the Chicago national conventions teach both parties today

We’re all going to be hearing a lot this summer about the Democrats’ storm-tossed convention in Chicago in 1968, since the party is convening there again this August. Given the uproar on college campuses, I tried to beat the rush by writing this week about how echoes of ’68, and the anti-war protests of that year, are resounding through national politics. But so much history has been made at Chicago conventions that the violent, divisive convention of ’68 is really only one of several potential touchstones. Herewith, for both parties to consider, are some more hopeful precedents and themes.

Realising the promise of America: The first national political convention in Chicago was in 1860, and the Republicans who gathered there chose the least-known of three candidates, a former one-term congressman named Abraham Lincoln. (In another Chicago political tradition, skulduggery, Lincoln’s operatives used counterfeit tickets to pack supporters into the convention site, the Wigwam, and on the third ballot they secured him the nomination by flipping some Ohio delegates’ votes with promises of patronage, apparently without the candidate’s knowledge.)

Connecting with rural voters: In 1896, when Democrats gathered in Chicago towards the end of a deep depression, another former congressman, just 36 years old, won the nomination with perhaps the most electrifying populist speech in American history—certainly the most electrifying one about monetary policy. “You shall not crucify mankind upon a cross of gold!” thundered William Jennings Bryan. (Bryan lost to William McKinley, who tapped big business for huge contributions.)

Achieving profound reform: After failing to take back the Republican nomination from William Howard Taft in Chicago in 1912, former President Theodore Roosevelt bolted to create the Progressive Party. He split the Republican vote and threw the election to the Democrat, Woodrow Wilson, but helped guide America up the path to women’s suffrage and the direct election of senators, among other changes.

Overcoming a depression, winning a world war and building an enduring coalition: Democrats picked Governor Franklin Delano Roosevelt of New York on the fourth ballot in Chicago in 1932. He broke tradition by accepting the nomination in person, saying one task of the Democrats should be “to break foolish traditions”. He also, in more famous words, pledged them “to a new deal for the American people”. (It was also in Chicago that, in 1940, Democrats nominated Roosevelt to a third term—please do not tell Donald Trump.)

Of course, the days when party conventions delivered big surprises are over, or at least appear to be. This was another legacy of the 1968 convention, where delegates picked a nominee, Hubert Humphrey, who had not even competed in a single primary. To democratise the choosing of nominees, first the Democrats and then the Republicans took authority away from the conventions, with their smoke-filled rooms, and handed it to voters in primaries. As I wrote in January, the unintended consequence was to empower party activists, who tend to pick candidates who do not inspire a broad majority of Americans. Come to think of it, maybe 1968 is, unavoidably, the correct touchstone for this year’s contest.

Continue Reading

Economics

What would Robert F. Kennedy junior mean for American health?

Published

on

AS IN MOST marriages of convenience, Donald Trump and Robert F. Kennedy junior make unusual bedfellows. One enjoys junk food, hates exercise and loves oil. The other talks of clean food, getting America moving again and wants to eliminate oils of all sorts (from seed oil to Mr Trump’s beloved “liquid gold”). One has called the covid-19 vaccine a “miracle”, the other is a long-term vaccine sceptic. Yet on November 14th Mr Trump announced that Mr Kennedy was his pick for secretary of health and human services (HHS).

Continue Reading

Economics

What would Robert Kennedy junior mean for American health?

Published

on

AS IN MOST marriages of convenience, Donald Trump and Robert F. Kennedy junior make unusual bedfellows. One enjoys junk food, hates exercise and loves oil. The other talks of clean food, getting America moving again and wants to eliminate oils of all sorts (from seed oil to Mr Trump’s beloved “liquid gold”). One has called the covid-19 vaccine a “miracle”, the other is a long-term vaccine sceptic. Yet on November 14th Mr Trump announced that Mr Kennedy was his pick for secretary of health and human services (HHS).

Continue Reading

Economics

UK economy ekes out 0.1% growth, below expectations

Published

on

Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images)

Mike Kemp | In Pictures | Getty Images

The U.K. economy expanded by 0.1% in the third quarter of the year, the Office for National Statistics said Friday.

That was below the expectations of economists polled by Reuters who forecast 0.2% gross domestic product growth on the previous three months of the year.

It comes after inflation in the U.K. fell sharply to 1.7% in September, dipping below the Bank of England’s 2% target for the first time since April 2021. The fall in inflation helped pave the way for the central bank to cut rates by 25 basis points on Nov. 7, bringing its key rate to 4.75%.

The Bank of England said last week it expects the Labour Government’s tax-raising budget to boost GDP by 0.75 percentage points in a year’s time. Policymakers also noted that the government’s fiscal plan had led to an increase in their inflation forecasts.

The outcome of the recent U.S. election has fostered much uncertainty about the global economic impact of another term from President-elect Donald Trump. While Trump’s proposed tariffs are expected to be widely inflationary and hit the European economy hard, some analysts have said such measures could provide opportunities for the British economy.

Bank of England Governor Andrew Bailey gave little away last week on the bank’s views of Trump’s tariff agenda, but he did reference risks around global fragmentation.

“Let’s wait and see where things get to. I’m not going to prejudge what might happen, what might not happen,” he told reporters during a press briefing.

This is a breaking news story. Please refresh for updates.

Continue Reading

Trending