Jun 29, 2018

Obama warns Democrats not to let 2016 happen again

Photo: Matt McClain/The Washington Post via Getty Images

"You're right to be concerned," former President Barack Obama told the crowd at a Democratic National Committee fundraiser in Beverly Hills on Thursday, where he gave Democrats the winning playbook and charged them to "boil down" their message, Politico's Edward-Isaac Dovere reports.

"Do not wait for the perfect message, don’t wait to feel a tingle in your spine because you’re expecting politicians to be so inspiring and poetic and moving that somehow, ‘OK, I’ll get off my couch after all and go spend the 15-20 minutes it takes for me to vote. Because that’s part of what happened in the last election. I heard that too much.”
— Barack Obama

Why it matters: This is the first time Obama has spoken publicly in months, and comes ahead of the 2018 midterm elections where Democrats are hoping to take back the House.

  • Yes, but: Trump's popularity is also higher than expected, and the recent announcement of Justice Anthony Kennedy's retirement could signal trouble for the Left in the lead up to November.

Top Obama quotes, per Politico:

  • Fear is powerful. Telling people that somebody’s out to get you, or somebody took your job, or somebody has it out for you, or is going to change you, or your community, or your way of life — that’s an old story and it has shown itself to be powerful in societies all around the world. It is a deliberate, systematic effort to tap into that part of our brain that carries fear in it.”
  • Republican leadership, he said, wants “women staying in their place in all kinds of ways.”
  • If I have a regret during my presidency, it is that people were so focused on me and the battles we were having, particularly after we lost the House, that folks stopped paying attention up and down the ballot."
  • The majority of the American people prefer a story of hope. A majority of the American people prefer a country that comes together rather than being divided. The majority of the country doesn’t want to see a dog-eat-dog world where everybody is angry all the time.”
  • Reality has an interesting way of coming up and biting you, and the other side has been peddling a lot of stuff that is so patently untrue that you can get away with it for a while, but at a certain point, you confront reality."
  • "The Democrats’ job is not to exaggerate; the Democrats’ job is not to simply mimic the tactics of the other side. All we have to do is work hard on behalf of that truth. And if we do, we’ll get better outcomes.”

Go deeper

HBCUs are missing from the discussion on venture capital's diversity

Illustration: Eniola Odetunde/Axios

Venture capital is beginning a belated conversation about its dearth of black investors and support of black founders, but hasn't yet turned its attention to the trivial participation of historically black colleges and universities (HBCUs) as limited partners in funds.

Why it matters: This increases educational and economic inequality, as the vast majority of VC profits go to limited partners.

Unemployment rate falls to 13.3% in May

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show a surprising improvement in the job market, which has been devastated by the coronavirus pandemic.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

The shocking May jobs report — with a decline in the unemployment rate to 13.3% and more than 2 million jobs added — destroyed expectations of a much worse economic picture.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.