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It's like they're both trying to lose.
No, that’s just strategic thinking for the long term.
The Democrats want to become the Republican Party. They have been explicitly trying to do so for the last few decades. Now they have a real chance of capturing the traditional bourgeois sectors that have always been core to the Republican base - the military industrial complex and the fossil fuel industry, and to a lesser extent, the national security state. Trump has managed to piss off all of them on top of the Wall Street finance capitalists that he himself is a part of.
Because of the way Citizens United works, no political party in America can win elections without campaign contributions. Capturing the donor class thus becomes the key priority to win elections. The Democrats can lose this election (they won’t though), but if they strip away the bourgeois donor base of the Republican Party and leave the latter with their Trumpian MAGA petty bourgeois voters, then the Republican Party is as good as dead.
This is why support from the Reaganites and the Cheneys are so important to the Democrats. They represent a new paradigm where traditional Republican donor class is now jumping ship to the Democratic Party. The Republican Party will end up being the MAGA culture war party with barren financial support to sustain their future electoral campaigns.
In other words, the Republican Party is cooked.
I dunno about that. The Republican Party is a political cockroach. It's unkillable. Every time they're cooked, they just survive inexplicably.
If after Trump they can find a new figure who can re-capture the appeal of the bourgeois elites, or if the Harris administration failed so badly that they ended up worse than Trump (never say never because the blowbacks in a multi-front war can be very real), then it’s a possibility.
But the paradigm shift right now happens because Biden has managed to regain the confidence of the bourgeois class - the war in Ukraine propelled weapons sales and defense contractor stocks through the roof, the US regaining its leading role as a global net exporter of oil and natural gas after the fossil fuel industry (literally the Bush family stronghold) got screwed hard by Trump, the national security state getting its wishes of finally having a war with Russia and Iran (and soon China), and the Wall Street are having fun with Bidenomics handling the inflation by sacrificing the working class to make the line go up. S&P has never been higher especially under such high interest rates and inflation.
All the bourgeois bases are consolidating around Biden’s performance, compared to how Trump had utterly failed advancing all of their interests from 2016-2020.