August 22, 2019: Jay Inslee suspended his presidential campaign Wednesday night. Joe Walsh is considering entering the Republican primary this weekend.
Notable Quotes of the Day
“If our economic growth falters, the president will blame the Federal Reserve Board for its bungling of interest rates, and he’ll claim that he bravely jeopardized his reelection bid by taking on the Chinese – something that had to be done. He will be right on both counts and he will be forgiven by his supporters.”
– Liz Peek, Fox News
“A recession between now and the 2020 election would likely put a dagger in the heart of President Trump’s reelection chances. The president has argued that the currently low unemployment and high stock prices are the product of his economic policies. If unemployment rises and stock prices fall, as they would in a recession, it is hard to see how he won’t own these failures in the minds of voters.
Not that he won’t try to pin the economy’s problems on others, most notably the Federal Reserve and the conduct of monetary policy, but I doubt most voters will be duped.”
– Mark Zandi, chief economist at Moody’s Analytics
On the Cusp: Tracking Potential Candidates
What We’re Reading
Flashback: August 22, 2015
The Kentucky Republican Party approved holding a presidential caucus rather than primary, which would allow Rand Paul to simultaneously run for president and U.S. Senate.