This presidential election cycle has a record number of women running for commander-in-chief. Still, these female candidates must navigate the question of "electability," a double-standard ー one former Hillary Clinton staffer says ー that they will have to beat back throughout the campaign.
"The ultimate answer is that to be electable, you have to win," said Amanda Litman, the executive director of Run for Something, a political action committee that aims to elect young Democrats. Litman previously served as the email director for Hillary Clinton's 2016 presidential campaign.
"It's important to step back and realize what we're talking about when we talk about electability. It's the understanding of what voters think that other voters wants. It is an entirely faulty premise based on racist, sexist, and classist understandings of what a president looks like."
"It is total garbage," she argues.
Litman says that in order to challenge the conception that women can't win higher elected offices, it will require support for different types of female leaders, finding ways to make voters and donors comfortable in expressing support for their favored-candidates, and building a stronger pipeline of qualified female politicians through state and local races.
"We saw Kamala Harris in the debate really take on her opponents in a way that was sort of masculine-coded leadership. We've seen Elizabeth Warren whip out plan after plan after plan. We've see Kirsten Gillibrand be aggressive with interviewers who she doesn't think are giving her a fair shake," said Litman. "Each of them is showing a different way of being a female leader."
"Over the last two years, the number of women of color in state legislatures has more than tripled. The number of women in state legislators writ large has gone up by huge numbers," added Litman. "This means, down the line, there will be more qualified women to run for Congress, for governor, and for president."
A record number of women were elected to Congress in the 2018 midterm election, and a record number of women of color were elected to the House of Representatives. Meanwhile, women hold nearly 30 percent of state legislative seats ー totaling more than more than 2,100 ー according to the Center for American Women and Politics at Rutgers.
"Women need this experience in order to be considered serious leaders," Litman said. "A woman couldn't get away with a weak resume like a man could."
She pointed out that the serious female contenders for president ー Sen. Kamala Harris, Sen. Elizabeth Warren, Sen. Kirsten Gillibrand, Sen. Amy Klobuchar, and Sen. Tulsi Gabbard ー are all current lawmakers. The exception: author and public speaker Marianne Williamson, who has qualified to participate in the second round of the Democratic debates.
Litman says that women can beat male competitors by being willing to work harder and engaging on issues like child care, health care, school, and the opioid crisis. "Mediocre women don't tend to run for office. Only excellent women do," she said.
"The ultimate answer is that to be electable, you have to win," Litman added.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
