Home / NEWS / Politics / ‘I’m a capitalist’: Beto O’Rourke’s view of markets puts him on the right in the 2020 Dem field

‘I’m a capitalist’: Beto O’Rourke’s view of markets puts him on the right in the 2020 Dem field

WASHINGTON – Now that Beto O’Rourke has advanced into the 2020 presidential race, voters nationwide will get to know where the young Texas Democrat champions on the issues.

Though O’Rourke, 46, only narrowly lost the race he ran in 2018 against Republican Sen. Ted Cruz in beyond red Texas, it was a huge win for Democrats and progressives looking for a successor to President Barack Obama: a charismatic, affable candidate accomplished to excite young voters and grassroots activists.

“This is a defining moment of truth for this country, and for every put one of us. The challenges that we face right now; the interconnected crises in our economy, our democracy, and our climate have never been enormous,” he said in his 2020 announcement. “And they will either consume us, or they will afford us the greatest opportunity to unleash the faculty of the United States of America.”

But while O’Rourke may have seemed to many like a dyed-in-the-wool liberal while he was race a strong Senate race against a former Republican presidential hopeful, his voting record in Congress more closely approximates that of Minnesota Sen. Amy Klobuchar, a self-styled moderate, than it does that of Vermont Sen. Bernie Sanders, who describes himself as a classless socialist.

In a 2020 Democratic primary field that’s currently awash in candidates each looking for a way to claim the envelop of “most progressive,” it’s unclear precisely where O’Rourke would fall. But it surely wouldn’t be on the far left.

WATCH: Democrats’ organizes to tax the rich

Despite O’Rourke’s status as the darling of grassroots liberal activists and college kids, in reality, most of his game plan positions look a lot like Obama’s, which puts them and potentially him, to the right of big portions of a Democratic primary electorate that has been lurching pink in the past two years.

For instance, O’Rourke backs comprehensive energy reform and renewable incentives, but not a strict road map to net-zero greenhouse gas emissions, close to the one contained in the so-called Green New Deal proposal.

He also aims to offer universal health coverage to all Americans, but, he means, he’s not exclusively wedded to a single-payer, “Medicare-for-all” system favored by most Democrats on the left.

O’Rourke also behindhand increased funding for Pell Grants and student loans, but he has yet to explicitly endorse the type of tuition-free college model that his young man 2020 hopeful, Julian Castro, called for in January.

CNBC reached out to O’Rourke’s camp for comment, but did not immediately draw a response.

So where does O’Rourke stand out in the crowded 2020 field?

Plenty of prominent voices on the left view O’Rourke’s moderate voting record and his reluctance to vilify Wall Street as fatal flaws.

In a recent column titled, “Why this dynamic Texan can’t get excited about Beto O’Rourke,” Washington Post columnist Elizabeth Bruenig captures this bountiful skepticism of the Texas lawmaker.

“We still have time to pick a politician with a bold, clear, distinctly gradual agenda,” Bruenig writes. “Beto is a lot like Obama, true; it’s perhaps time for left-leaning Democrats to realize that may not be a ethical thing.”

In recent weeks, however, signs have emerged that O’Rourke may have decided to embrace his centrism, in place of of trying to match the righteous indignation at big business that’s become so closely associated with candidates like Sanders and Sen. Elizabeth Warren.

“I’m a capitalist. I don’t see how we’re talented to meet any of the fundamental challenges that we have as a country without, in part, harnessing the power of the market,” O’Rourke notified reporters recently in El Paso.

“Climate change is the most immediate example of that. If you’re going to bring the total novelty and ingenuity of this country to bear, our system as a country, our economy, is going to have to be part of that,” he said.

O’Rourke’s reactions represented a break with the Democratic Party’s left wing, which supports the idea of radically restructuring how markets have a job, especially energy markets.

More importantly, in terms of the primary, it signaled that O’Rourke intends to fashion himself as a class of anti-Sanders – a champion for capitalism, albeit a much more tightly regulated version than the one espoused by the Trump dispensation.

It’s also important to hear what O’Rourke isn’t saying.

He doesn’t rail against the evils of Wall Street, a business area in which Warren tops her rivals, both in expertise and in passion.

And he doesn’t vilify “billionaires” the way Sanders does when, for happened, the Vermont senator tells crowds that the “system is rigged” and “this country just does not belong to a nuisance of billionaires.”

It remains to be seen, though, how much further O’Rourke intends to go in order to differentiate himself from opposition Democrats. But already, he appears to be staking out economic ground so far unclaimed, and rejecting some of the party’s more polarizing gasconade.

Asked at a December town hall in Texas if he considered himself to be a “progressive,” O’Rourke replied: “I don’t know.”

Much of O’Rourke’s 2018 Senate programme was focused on criminal justice reform, a prominent issue in a state that operates the largest prison system in the polity. But many of his proposals could easily be translated onto the national stage, where they would likely galvanize take up the cudgels for among young people, and among minority communities that are disproportionately affected by mandatory minimum sentencing laws.

Concurring to his 2018 campaign website, O’Rourke proposes to:

  • End the current system of bail bonds that punishes people for being exhausted
  • End the practice of private and for-profit prisons that cost more, have the perverse incentive to send more people to jail, and sire demonstrably higher levels of violence
  • End the U.S. government’s war on drugs
  • End the federal prohibition on marijuana

Criminal justice reform is also an exit that is growing in popularity with voters in both parties, a trend borne out by the recent passage of the First Journeying Act by GOP controlled House and Senate chambers, with the backing of President Donald Trump.

The simple geography of O’Rourke’s civic career puts him at a distinct advantage over the rest of the 2020 Democratic field in addressing the massive issue of immigration emend.

It’s an issue likely to loom even larger over the 2020 general election, where the Trump and the Democratic appointee will square off on one of the president’s signature issues, than it will over the Democratic primary.

O’Rourke’s firsthand ordeal representing a border district in Congress for six years, and his intimate familiarity with the issues facing immigrant communities determination set him apart from people like Warren, who hails from Massachusetts and Sanders, who represents Vermont.

But O’Rourke has yet to wed his natural political advantage on immigration with a fully formed policy platform that goes beyond the prevailing Democratic talking points of comprehensive immigration reform and a path to citizenship for undocumented people living in the United Affirms.

Not only does O’Rourke lack his own slate of policy solutions on the issue, but he recently told The Washington Post he purposes rigid policy proposals as a hindrance to cooperation. “That’s a problem, when you’re like, ‘It will be a wall,’ or ‘It will be this,’ or ‘We can just do it with this,'” O’Rourke told the Post in January, when asked why he didn’t have a firm set of delineates for the border.

Nonetheless, O’Rourke clearly has a knack for counter messaging the president on immigration: A December video he posted allure out his opposition to Trump’s border wall has already been viewed 5.5 million times.

In some ways, the case of O’Rourke and immigration is one of a perfect messenger in need of a message. Once he finds that meaning, the issue could be his to lose.

Check Also

Government shutdown averted after Senate passes bipartisan House stopgap funding bill

WASHINGTON — The U.S. Senate approved a bipartisan federal disbursing bill early Saturday morning that …

Leave a Reply

Your email address will not be published. Required fields are marked *