The State of the Union Week 2 – politicalbetting.com

Not a lot of movement from last week, but what there is has generally been in Trump’s favour. The debate might move the needle a bit more noticeably, but in what direction.
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The suggestion I have read is that pollsters generally did make changes to their weighting after underestimating Trump in 2016 and 2020 but have they overdone it and are we comparing like with like when Harris seems at least as far behind as Clinton and nowhere near where Biden was in 2020?
Its tight. I was reluctant to believe that for a time, now I am kinda hoping for it.
I have a suspicion that randomly shooting up people in vehicles on the Interstate is now going tk become another American ‘thing’, like the schools. These yanks do like to copycat.
Just 2,500 miles to reach safety…
… how can we describe the present contest for the leadership of the Conservative party? Half a dozen toothless people squabbling over a toothbrush?
Fourteen years on [from 1997], it’s not just that last July the Tories suffered their worst defeat since the Reform Act of 1832, which began the gradual process of democratisation: this time it feels different. Alan Duncan retired from parliament in 2019 after nearly three decades as a Conservative MP, holding ministerial office for much of the past decade. His verdict is bleak: “I think the Conservative party is in a far worse state than it was in 1997. It’s intellectually bankrupt; it’s pretty well financially bankrupt; it’s certainly reputationally bankrupt.”
That last was maybe the crucial point. When Theresa May told the Tory conference in 2002 that the Conservatives were in danger of being seen as “the nasty party”, it was a misprision. No one had ever voted for the Tories because they were “nice”. Their selling proposition was competence, and that has now been utterly lost, to a point where it may be very difficult ever to recover it.
To return, unenthusiastically, to this leadership contest, it demonstrates in itself the Tories’ plight. When this bedraggled band of Tory MPs whittles the number of candidates down to two, a last choice is made by the members. To which one might respond: what members, and what party? In the early 1950s, the Conservative and Unionist party had 2.8 million members, and was one of the great popular political movements in Europe. Not surprisingly the Tories are coy about the present figure of membership, but it appears to be about 170,000. This is a party heading for extinction.
The next Congress (or two, perhaps) ought to have a look at the way the President is elected, and, as mentioned here yesterday, at the whole electoral system, taking it out of the hands of local politicians.
But watching some of our right wing friends leap joyfully over Reeves's problems reminds me of every other time an opposition has said "we've really got them this time". Most times, you haven't.
(And the fiscal NIMBYdom we are seeing is making me feel less well-disposed to the right wing press, the Conservative Party and the retired. I accept that I am unusual.)
Yada yada, people have been writing this piece since the 1980s. Sometimes it is about con, sometimes lab. Relative competence is an ugliness contest and think about this: Rachel Reeves is the best person in this government to be chancellor, David Lammy is best person to be foreign secretary. Think about it some more.
Parties aren't competent, people are competent. If nuconleader turns out to be even adequate at the job they can turn this round in this parliament.
I wouldn't expect the debate to have any lasting impact - unless Harris blows it.
I suppose there's always an outside chance of an Emperor's New Clothes moment, and something finally breaks through to end the hold that Trump has over his supporters, but we're about nine years and waiting on that to happen.
That said, the various Tory leadership candidates are skating on very thin ice, as it desperately needed abolition, and if they aren't careful they'll find themselves saddled, albertross like, with promises to bring the stupid thing back next time they are in government.
I would say the nuconleader would need to be not just adequate, but very lucky to beat Labour at the next election given the situation they are in now. Pretending otherwise is setting them up to fail I suggest.
I'm wondering what rough beast, its hour come round at last.......
Though I also think there is more ruination in the Tory party than we have seen yet, and a greater mysterious power to regroup a different thing under the same name as we have seen so often before.
Angela Rayner, the Housing Secretary, has struck a £150m deal with Britain’s biggest housebuilder to build a string of new garden towns and villages across the country as ministers seek to ramp up their ambitious housing plans.
Building giant Barratt Developments has teamed up with Lloyds Banking Group to build thousands of new homes in a joint venture led by Homes England, the government body responsible for housebuilding.
The scheme, known as the Made Partnership, will act as master developer for new residential developments ranging from 1,000 homes to more than 10,000 which will be built across the UK.
https://www.telegraph.co.uk/business/2024/09/09/angela-rayner-150m-barratt-garden-towns/
And they will be getting a local monopoly on the building, it looks like. So they will be in control of the supply. Again. What could possibly stop them building at a break neck pace?
He reckons that the handful of non partisan pollsters are relighting the last two wars where they underestimated Trump.
That’s why it is looking so tight.
US online "prediction market" (not allowed to be a betting exchange) with nearly 800m staked on WH24, advised by Nate Silvers, possibly worth paying attention to. Thinks KH 75% to win the debate but DT 78% to be still favourite to win on 11 September (unsurprisingly, nobody would expect odds to flip that quick).
Or, more exactly, a tie between MAGA and anti-MAGA. The actual politicians have marginal influence.
Is it the right thing for a government to do? Hell, yes.
Is it the right time to do it? There's no good time, but the first months after a big win, when pensions are going up fast in real terms (a big rise happened for 2024/5, and seems set to be joined by another one in 2025/6) is a good as it is going to get.
Starmer and Reeves are bound to get flack for this. But if they can't stand the flack, they shouldn't have entered politics. It doesn't matter if the flack is being fired off in good faith or not. And you make a good point about the Conservative leadership hopefuls- are they really going to bring it back in (hey it may happen) 2029? If so, bang goes all that shrink the state, fiscal rectitude guff.
Debate will be first chance many people get to look at Harris so stakes are really high for her.
Trump is a known quantity, I doubt there is much he can do which will turn off his fans.
I don't follow the election in the same level of details as others posting on this website, but I would observe that Trump has been making efforts to appeal to 'centrists', ie with the Kennedy and Musk endorsements, and by going on the Lex Fridman podcast, and driving the idea that this is actually a 'coalition to save America', which is quite a big change in strategy and something that might be influencing the improvement in the polls.
But is that perhaps only among the sort of people who wouldn’t buy a barratt home anyway? Like Lexus, or Harvester.
At what point will they come for the NHS?
https://x.com/gmb_union/status/1833036473110499697
Isn’t £150m more like a few streets rather than a string of new garden towns an villages?
Where else would this apply? For doctors the split is not that far from even, is it? Nurses still vastly more female, but hard to argue it's the same job as docs (different training/education requirements for a start).
FWIW, I'm not a fan of the (against) ASDA argument. Women and men can presumably both apply for both roles - if there's more pay in the depots when it's due to being less accessible/more unsocial hours/more physical? There must be reasons the shop workers don't just head off to the depots for more pay. If female depot workers are discriminated against, then that's a different issue that needs to be addressed, but it's not about equalising pay.
In a lot of ways 'centrist' is the wrong term, it just really means people who aren't keen on either candidate. Both appear to be quite radical and extreme - something that Biden was not.
So it will need a lot more of everything - money and land other developers (Barratts are in the masterplanner role) - and then will still only be a small contribution to the total pipeline.
I'd punt that they will get to deliver 500 per annum by year 5, and 2000-5000 per annum by year 10, if it succeeds.
Full article here:
https://archive.ph/5SVXV
Guardian blog.
FFS.
I have no idea how the numbers will play out.
Welcome to PB by the way.
A master developer is responsible for overseeing and managing the development of large-scale projects, taking responsibility for the overall vision and strategy, and coordinating the wide range of stakeholders involved. It assembles the land, manages the planning, installs the primary and community infrastructure, disposes of serviced parcels of land to developers, and ensures robust long-term stewardship is put in place.
https://www.barrattdevelopments.co.uk/media/media-releases/pr-2024/pr-09-09-2024-made-partnership
There's a potential conflict of interest, but maybe... just maybe... they're going to get it right.
As a student I had a summer job in a pub/restaurant. As bar staff I had to deal with customers and thus was eligible for a share of the tips received. The kitchen staff were not - they did not have to deal with the customer. They did, however, get food to take home (going out of date, cooked too much etc).
Swings and roundabouts.
Harris's 'not Biden' bounce is trailing off...
Incidentally some people were asking this morning when are they going to do something about building all those houses. I guess this is the something
MADE Partnership will act as master developer for multiple large scale, residential-led developments from 1,000 to more than 10,000 homes along with a variety of community facilities and employment uses.
Potential development opportunities will include large brownfield developments, as well as new garden village style communities.
The partnership brings together Barratt, the UK’s leading national sustainable housebuilder, Homes England, the Government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders of the UK housing sector.
This is a long-term partnership, initially backed by combined equity funding of up to £150m provided equally by the partners. The partnership brings together the essential skills, expertise and long-term approach, with the ability to unlock and scale the capital required to bring larger sites into production, enabling both major and SME homebuilders to build the new homes and communities the country needs.
https://www.gov.uk/government/news/barratt-developments-homes-england-and-lloyds-banking-group-launch-joint-venture-made-partnership
I am increasingly baffled by the Conservative approach to all this. It's blatant pandering to literal benefit scroungers.
Good luck applying for an NHS doc job without an MBChB.
Note, I think - on the facts as I'm aware of them - that the Asda case is nonsense. But it's different to any obvious comparison in NHS. There may be similar roles on possibly different pay in the NHS for similar reasons, but doctors and nurses aren't those roles.
But then the left have never been bothered by this; jobs for the boys etc.
And as for the non take up of Pension credit, its a national disgrace and any government with a hint of decency would be looking to make it easier for those entitled to do so. If this achieves that purpose it is a double win.
Which is odd, as she isn't in any way Communist, whilst it's easy to argue that Trump has at least some fascist traits to him.
America's fucked.
https://x.com/kamalaharris/status/1322963321994289154
Incoherent shit-stirring is one of the few pleasures left to them, it seems cruel to deny them that as well.
Now if they could do something about the two child cap, which is the real scandal....
I think I have seen something similar with snow forecasts; when the weather folks underestimate the snow from a storm, they will tend to err in the opposite direction.
From memory, Silver has this to say about US weather forecasts: They have improved over the years. The best forecasters do improve the forecasts from the models, a bit -- and 10 days out, you should ignore the forecasts and just predict the average for that day.
The last point may be relevant to this discussion.
https://x.com/KellyScaletta/status/1832946155380203597
https://thecritic.co.uk/the-odd-world-of-peter-oborne/
As a rule these debates have been boring with both sides focusing on avoid an error and trotting out tired nonsense from their stump speeches. This one may be a little more interesting than most: will Trump be able to speak in coherent sentences? Will Biden look sufficiently Presidential? Can Harris catch Trump in a blatant lie? Can he pin her on her flip flopping?
More interesting is to consider who does best out of a draw? I think Harris because she is marginally ahead. Unless the polling is underestimating Trump again...
The UK's poorer insolation makes it a bit more complicated for us.
What people don't get about solar power:
The panels are SO CHEAP that we're going to basically have two separate electricity markets: almost free electricity during the day, and expensive electricity at night
https://x.com/d_feldman/status/1833005212165968326
Zara and Mike Tindall track daughter using Apple AirTag
Mia, 10, photographed with small white gadget attached to her shorts at Burghley Horse Trials on Saturday
https://www.telegraph.co.uk/royal-family/2024/09/09/zara-mike-tindall-track-daughter-apple-airtag/
Harris's views are not exactly remarkable for (say) a European perspective for centre-left (or even some centre-right) people.
But I see you also ignore the Trump veering towards Fascism point. To help you:
https://en.wikipedia.org/wiki/Definitions_of_fascism#Umberto_Eco
(I'm not saying Trump matches all of these, but he does match a worrying number of them.)
Alanbrooke
Alanbrooke Posts: 25,070
7:52AM
Any houses being built ? New towns founded ?