'This Is Painful': Hillary Clinton Addresses Stunned Staff And Nation In Defeat

November 10, 2016

Washington, Nov 10: Hillary Clinton saw a rancorous campaign through to its bitter end on Wednesday, conceding the presidency to a man she had called unfit for the office and a threat to the fabric of the country.

clinton

In defeat, Clinton turned one of her central attacks on Donald Trump into a charge for the presidency she was denied, urging the next president and her disheartened supporters to respect the peaceful transfer of power.

"We have seen that our nation is more deeply divided than we thought," Clinton said hours after losing a presidential election she had been widely seen as sure to win. "But I still believe in America, and I always will. And if you do, then we must accept this result and then look to the future."

Speaking to a hastily assembled group of campaign staff, volunteers and supporters, Clinton went on: "Donald Trump is going to be our president. We owe him an open mind and the chance to lead."

She grew misty-eyed but maintained her composure even as her supporters could not throughout a speech she never imagined giving, in a hotel ballroom farther in feel than in distance from the exquisitely planned celebration she did not have on Tuesday night.

Hours earlier, Clinton had also planned to speak of the promise of "an America that's hopeful, inclusive and big-hearted." She had planned to call for unity and healing, with her own history-making election as the first female president a galvanizing example.

That dream started to unravel about 8:30 p.m. Tuesday, when roughly half the states had voted and results showed a Trump lead that Clinton's confident, data-driven campaign had not foreseen.

Clinton's second unsuccessful run for the White House relied heavily on a complex computer algorithm that the campaign was prepared to publicly unveil after the election.

As election results rolled in Tuesday, Clinton watched from a suite in the Peninsula Hotel in Manhattan as her would-be electoral advantage disappeared. The gulf opened and never closed as Trump performed more strongly than expected in several upper-Midwestern states that had voted for Democrats for a generation.

Earlier in the night, top Clinton aides bounced around the room doing media interviews and chatting with reporters, projecting optimism that Clinton's voters would come through with record turnout.

But by 9 p.m., the early warning signs had become dire. Virginia, a state that they thought would be an easy win, was looking like a squeaker. Florida had begun to appear out of reach. And Trump's victories in Iowa and Ohio, which were expected, became the leading edge of a Trump wave that swamped Clinton.

Not only did Trump capture big margins in battleground states, outperforming expectations for a divisive and damaged candidate, but he outperformed 2012 nominee Mitt Romney in some categories. Meanwhile, Clinton underperformed with the groups she needed most - minorities and younger voters - showing that she could neither recreate the much-admired "Obama coalition" nor assemble what her aides had begun to call her own "Hillary coalition."

One by one, Clinton aides began disappearing from the main hall and not answering their phones. They retreated to a nearby war room, which was cordoned off and guarded, and never returned. The mood outside the room turned from confusion to disbelief, anger and dejection.

Back at the Peninsula, campaign aides who were not part of Clinton's small core of intimate friends and advisers gradually peeled away and came to the Javits Center in ones and twos. Eventually it was only Clinton, her family and the closest advisers including Huma Abedin and Cheryl Mills making the decision first to put off a concession speech and then to concede by phone.

Mills smiled softly and shook her head when asked Wednesday what those hours were like.

"It's too raw," she said as she talked with Clinton supporters outside the New Yorker Hotel, where Clinton, flanked by running mate Sen. Tim Kaine, Va., and her husband and daughter, had said goodbye.

Clinton did not dwell Wednesday on what other friends said was an agonizing reckoning in that hotel room, but the mood was akin to the funeral for a sudden death - shocking, mystifying and starkly real. It was clear that no one - not Clinton, not her husband, not her supporters, not the core team of her campaign - had seen it coming.

"I know how disappointed you feel because I feel it too, and so do tens of millions of Americans who invested their hopes and dreams in this effort," Clinton said. "This is painful, and it will be for a long time."

Time and time again, Clinton and the team seemed to miss the magnitude of the forces that would overtake her in the Democratic primary and later against Trump.

It wasn't until Sen. Bernie Sanders of Vermont showed surprising strength in Iowa that the Clinton campaign put real stock in the strength of his populist economic message. The same forces helped Trump win on Tuesday.

Clinton would need voters to choose her over her opponents because of how she would "handle the economy and relate to the middle class," her campaign manager Robby Mook wrote in an email to close advisers in March 2014.

But more often, the effort to disqualify Trump based on his temperament took precedence over an economic focus.

Clinton's aides knew that there were soft spots in the Obama voting coalition that could pose problems for Clinton's bid. Her support among young voters was fragile, and in early voting, African American turnout and enthusiasm lagged.

In the end, Clinton's inability to bring out Democratic voters in the election was a dramatic failure that left her more than 5 million votes shy of Obama's total in 2012, according to preliminary results. Trump was ultimately able to claim victory having earned fewer votes than Romney did in 2012.

Latino voters did turn out in 2016, but many more than expected were willing to give Trump a shot at the White House. Among nonwhite voters, Clinton led Trump by 54 points - a whopping advantage but less than Obama's 61-point lead four years ago.

These miscalculations probably cost Clinton key states that Obama won four years ago: Michigan, Wisconsin, Florida and Pennsylvania. Clinton walked away having won the popular vote but having lost badly to Trump in the electoral college.

While her reliance on analytics became well known, the particulars of "Ada" the algorithm's work were kept under tight wraps, according to aides. The algorithm operated on a separate server than the rest of the Clinton operation as a security precaution, and only a few senior aides had access.

According to aides, a raft of polling numbers, public and private, were fed into the algorithm, as well as ground-level voter data collected by the campaign. Once early voting began, those numbers were factored in, too.

With that, aides said, Ada ran 400,000 simulations a day of what the race against Trump might look like. It spat out a report giving campaign manager Mook and others a detailed picture of which battleground states were most likely to tip the race in one direction or another - and guiding decisions about where to spend time and deploy resources.

But was it the right guidance? It appears that the importance of some states Clinton would lose - including Michigan and Wisconsin - never became fully apparent or that it was too late once it did.

Clinton made several visits to Michigan during the general election, but it wasn't until the final days that she, Obama and her husband made a concerted effort.

As for Wisconsin, Clinton didn't make any general-election appearances there at all.

Said Mook, in a wee-hours thank-you note to campaign workers: "Campaigns are incredibly hard, and sometimes the results don't reflect the merit, work and commitment that goes into them. This is one of those times."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 6,2020

Washington, May 6: At a time when the coronavirus pandemic has squeezed them, multi-national companies in America are laying off workers while paying cash dividends to their shareholders. Thus making the workers bear the brunt of the sacrifices while the shareholders continue to collect.

The Washington Post said in one of its reports that five big American companies have paid a combined USD 700 million to shareholders while cutting jobs, closing plants and leaving thousands of their workers filing for unemployment benefits.

Since the pandemic was declared an emergency, Caterpillar has suspended operations at two plants and a foundry, Levi Strauss has closed stores, and toolmaker Stanley Black & Decker has been planning layoffs and furloughs.

Steelcase, an office furniture manufacturer, and World Wrestling Entertainment have also shed employees.

Executives of those companies told the Post that the layoffs support the long-term health of their companies, and often the executives are giving up a piece of their salaries. Furloughed workers can apply for unemployment benefits.

But distributing millions of dollars to shareholders while leaving many workers without a paycheck is unfair, critics argue, and belies the repeated statements from executives about their concern for employees' welfare during the coronavirus crisis.

Caterpillar, for example, announced a USD 500 million distribution to shareholders April 8, about two weeks after indicating that operations at some plants would stop. The company however declined to divulge how many workers are affected.

"We are taking a variety of actions globally, but we aren't going to discuss the number of impacted people," spokeswoman of the company, Kate Kenny, said in a reply to an email by the Post.

This spate of dividends is also likely to revive long-standing debates about economic rewards.

"There are no hard-and-fast rules about this," said Amy Borrus, deputy director of the Council of Institutional Investors, a group that argues for shareholder rights and represents pension funds and other long-term investors.

Many large US companies choose to issue a regular, quarterly dividend to shareholders, often increasing it, and they boast about these payments because they help keep the share price higher than it might otherwise be. Those companies might be reluctant to announce that they are cutting or suspending their dividend during a crisis, Borrus was further quoted as saying.

But "companies have to be mindful of the optics of paying dividends if they're laying off thousands of workers," she added.

On March 26, Caterpillar had announced that because of the pandemic, it was "temporarily suspending operations at certain facilities." Two plants, in East Peoria, Ill., and Lafayette, Ind., were coming to a halt, as well as a foundry in Mapleton, Ill., according to news reports.

"We are taking a variety of actions at our global facilities to reduce production due to weaker customer demand, potential supply constraints and the spread of the covid-19 pandemic and related government actions," Kenny said via email.

"These actions include temporary facility shutdowns, indefinite or temporary layoffs," she added.

Similarly, Levi Strauss announced April 7 that the company would stop paying store workers, and about 4,000 are now on furlough. On the same day, the company announced that it was returning USD 32 million to shareholders.

"As this human and economic tragedy unfolds globally over the coming months, we are taking swift and decisive action that will ensure we remain a winner in our industry," Chip Bergh, president and chief executive of the company, also told the Post.

Stanley Black & Decker announced on April 2 that it was planning furloughs and layoffs because of the pandemic. Two weeks later, it issued a dividend to shareholders of about USD 106 million.

The notion that a company's primary purpose is to serve shareholders gained prominence in the 1980s but has come under attack in recent years, even from business executives, the newspaper reported.

Corporate decisions to suspend dividends and buybacks are complex, however, and it is difficult to know whether these suspensions of dividend and buyback programs were motivated by a desire to conserve cash in anticipation of bad times, and how much they are prompted by a sense of obligation to employees.

Over recent decades, the mandate to "maximize shareholder value" has become orthodoxy, for many, and it is often unclear what motivates companies to pare dividends or buybacks for shareholders, said William Lazonick, an emeritus economics professor at the University of Massachusetts at Lowell, who has been one of the leading critics of companies that distribute cash to shareholders through stock buybacks and dividends rather than reinvesting the profits into employees, innovation and production.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 3,2020

Islamabad, Jan 3: The United Arab Emirates has extended USD 200 million aid to Pakistan for the development of the small and medium-sized enterprises in the country, Finance Adviser to Prime Minister Imran Khan said.

The announcement came after Abu Dhabi Crown Prince Sheikh Mohamed Bin Zayed Al Nahyan concluded his one-day visit to the country on Thursday.

"The money will be spent on small business promotion and jobs. This support is testimony to the expanding economic relations and friendship between our countries," the adviser, Abdul Hafeez Shaikh, on Thursday said.

The Crown Prince directed the Khalifa Fund for Enterprise Development to allocate USD 200 million in order to assist the Pakistani government's efforts to create a stable and balanced national economy that will help achieve the country's sustainable development, Dawn News reported on Friday.

During the visit, the prince met Prime Minister Khan and held talks on bilateral, regional and international issues.

The UAE is Pakistan's largest trading partner in the Middle East and a major source of investments. The UAE is also among Pakistan's prime development partners in education, health and energy sectors.

It hosts more than 1.6 million expatriate Pakistani community, which contributes remittances of around USD 4.5 billion annually to the GDP.

This is the Crown Prince's second visit to Pakistan since Khan took office in August 2018. He had last visited Pakistan on January 6 last year, just weeks after his country offered USD 3 billion financial assistance to Pakistan to deal with its balance of payment crisis.

The Crown Prince's visit was considered by experts as an attempt to woo Pakistan against the backdrop of recent developments when Saudi Arabia and UAE apparently used pressure to stop Pakistan from attending the Kuala Lumpur summit held last month.

The summit from December 19-21 was seen by Saudis as an attempt to create a new bloc in the Muslim world that could become an alternative to the dysfunctional Organisation of Islamic Cooperation led by the Gulf Kingdom.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 22,2020

London, Apr 22: The UK government on Tuesday announced a 20 million pounds funding for a University of Oxford project working on developing a vaccine against the novel coronavirus, which is now ready for acceleration as it begins human trials from Thursday.

UK Health Secretary Matt Hancock told the daily Downing Street briefing that the Department for Health was “throwing everything” at trying to find a vaccine because it is a critical aspect of the COVID-19 pandemic fight and lifting the strict lockdown measures in place to curb its spread.

Another 22.5 million pounds is being made available to Imperial College London to support its phase-two clinical trials for them to begin the work on a very large phase three trial.

"Normally it would take years to get to this point," said Hancock.

"The UK is at the forefront of the global effort – we've put in more money than any other into the global search for a vaccine. Nothing about this is inevitable. Vaccine production is a matter of trial and error. But the UK will throw everything it has at trying to find one,” he said.

The announcement came as Britain had another major daily leap in the hospital death toll from coronavirus, up by 823 to hit 17,337 on Tuesday.

But the Cabinet minister said the government's plan to control the rapid spread of the virus and prevent the state-funded National Health Service (NHS) from being overwhelmed is working as the number of hospitalisations with COVID-19 was showing a downward trajectory.

In reference to a major issue in the last few weeks of a critical shortage of personal protective equipment (PPE) for doctors and nurses on the frontlines of COVID-19 treatment, the minister said the supply problems are being addressed by actively engaging with thousands of companies, including 159 UK manufacturers.

“We are determined to get people the PPE they need. This is a 24/7 operation, one of the biggest cross-government operation I have ever seen," said Hancock.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.