Reminder, Re the Presidential Election: The Chicago Wing Of The Democratic Party May Not Be In It To Win It

Something we've thought about for the last seven or eight months. 

March 6 - "Michelle Obama's office says the former first lady 'will not be running for president' in 2024":

On the other hand, I'm not sure you would want to be President during the next four years, there are so many problems that have been growing and metastasizing just beneath the surface of the daily news that the person in the hot seat could end up just plain reviled....

March 20 - "Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’": 

If I were a Democrat strategist I would propose letting Donald Trump win a second term while concentrating on House and especially Senate (to bottle up judicial, including Supreme Court, nominees) races.

A Trump win would give an excuse for riots (for the visuals) and if he is handcuffed by the Legislative branch to limit the range of possible responses, you go beyond polycrisis to the omnicrisis. Throw in a bit of Frances Fox Piven with her "overwhelm the system" and "motor voter" strategies and you could see one-party rule for thirty years.

July 22 - "Your Quick 'Intentions of the Democratic Party' Cheat Sheet":

If the powers-that-be, fronted by Barack Obama and James Clyburn representing the genteel wing of the Chicago mob, the Pritzkers and Crowns, put Michelle Obama forward as the party's nominee you'll know they are in it to win it.

If not, whoever the party puts forward will be a stalking horse for 2028 and we will know a longer term plan is in play....

Three events that could be seen as lending a bit of credence to the above:

1) Obama loyalist Susan Rice retiring from her position as Director of the  the Biden-Harris United States Domestic Policy Council. She did not want to be associated with the administration any further.

2) Barack Obama's "wingman", former Attorney General Eric Holder in charge of Vice-Presidential candidate vetting. Tim Walz? Really? 'Nuff said.

3) President Obama very uncharacteristically shaming (lightly/slightly) black men for not being enthusiastic about Vice-President Harris as the Democratic Party candidate.

This is something I can't recall him ever doing, whether reading about his community organizer days or watching him in Illinois and national politics. Neither he nor VP Harris are ADOS - American Descendants of Slavery and he had to know his mini-harangue would not be well-received by the African-American community. It was Joe Biden with the ‘If you have a problem figuring out whether you’re for me or Trump, then you ain’t black’ line, not his former boss.

There are other things that point in the same general direction, (David Plouffe inserted as Senior advisor to the Harris campaign yet part of a show that is a shadow of the 2008 and 2012 Presidential runs), that we are watching some sort of play-acting campaign but we always, always have to remember: human beings are so good at pattern recognition that we sometimes see patterns that aren't even there.

Maybe more over the next week or two on the investment implications of what could be a monumental set-up and rug-pull.