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What Nikki Haley (Maybe) Learned in New Hampshire

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What Nikki Haley (Maybe) Learned in New Hampshire


“Everybody’s waiting to write my obituary.”

This is never a good thing for a candidate to be saying on Election Day.

But Nikki Haley, the candidate, was trying—pleading—to make a larger point to CNN’s Dana Bash as they sat on raised chairs in the middle of Chez Vachon, the landmark coffee shop and makeshift TV studio on the west side of Manchester, New Hampshire.

“We had 14 candidates,” Haley said, referring to the number of people who were seeking the Republican nomination a few months ago. “It’s now down to two”—Haley and Donald Trump. “That’s not an obituary; that’s somebody who’s a fighter.”

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Fair enough. Haley was indeed still here and showing up, which is something to be proud of. She is the last woman standing between the former president and an unimpeded romp to the Republican nomination. This was Haley’s “closing argument” as she made her final rounds in New Hampshire yesterday, greeting volunteers at polling places, doing interviews, and hitting the tables at Chez Vachon. She would keep fighting and continue to flout the naysayers who have trailed her for her entire career. Underestimate me is the message printed on one of Haley’s favorite T-shirts. That’ll be fun.

Almost immediately after the polls closed, a few hours later, networks declared Trump the New Hampshire winner. His margin of victory over Haley, however, looked smaller than expected. “THIS RACE IS OVER,” Trump insisted in a text blasted out to his supporter list just after 8 p.m. Nope, Haley told her Election Night revelers in Concord, vowing to persist as the campaign moved to her home state of South Carolina. “New Hampshire is first in the nation. It’s not last in the nation,” she said in her speech. “This race is far from over.”

I spent much of December and early January watching Haley campaign for the job she quite clearly has been aspiring to for years. She proved to be disciplined and polished, good enough to outlast the battalion of male challengers arrayed alongside her—“the fellas,” as she has lately taken to calling her rivals, many of whom endorsed Trump as they fell away. She has claimed repeatedly to be part of a “two-person race” against Trump, despite finishing third in Iowa behind him and Florida Governor Ron DeSantis.

This felt like wishful thinking at times, but it is unquestionably true now and will present Haley with what’s been a recurring dilemma of her candidacy: How hard will she be willing to campaign against Trump? Will she be as noxious and ornery as the former president surely will be against her? Will she be willing to attack Trump and seize the ample vulnerabilities he provides, even if it risks his unrestrained ire?

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Haley was hesitant to go after him when the field was more crowded. She offered only the mildest of critiques—that “chaos follows” Trump “rightly or wrongly” and that he was not “the right president” for these times (as he was before). But it was hardly a sure thing that Haley would deploy her best material against Trump—about his odd behavior and mental capacity and legal problems.

The final days of the New Hampshire campaign offered clues that she might now be willing to do so. She mentioned Trump’s age throughout the day yesterday (inflating it by three years, to 80) and brought up the perplexing sequence from Trump’s Friday-night rally, in which he seemed to suggest that Haley had been in charge of security at the Capitol on January 6 (he apparently had mistaken her for Nancy Pelosi).

Perhaps more notably, Haley conveyed that she was willing to draw out the race for as long as necessary. “Joe Biden isn’t going to get any younger or any better,” she said in her speech in Concord. “We’ll have all the time we need to beat Joe Biden.” This carried a sly message directed at Trump: He wasn’t getting any younger or better, either. And the longer the race continued, the more his court cases would advance, new facts would be revealed, and his behavior could spiral. Haley pointed out that voters in 20 states would be casting ballots in the next two months. There would be many more contests to enjoy, or stay alive for.

If nothing else, Haley would live to see another Election Day, in another state.

Primary days can give off an oddly freewheeling and punch-drunk vibe. Candidates, staffers, and volunteers have all done their work. Most of them are exhausted and often battling colds, hangovers, or other ailments. There is no more practice and preparation left to do.

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“The hay is in the barn,” as old political hacks like to say. Or, at least one political hack said this—to me—but I forget who it was. I’ve also seen the maxim attributed to stir-crazy football coaches (before the big game) and distance runners (before a race). The basic idea is the same: There’s not much left to do, except find a way to pass hours and burn nervous energy.

Everything that remains tends to be improvisational and hardly strategic. Candidates rush around, trying to get supporters out to vote and, in Haley’s case, to convince them that the race is not over, despite all the polls showing Trump with a big lead.

“I don’t even want to talk about numbers, and I don’t think y’all should either,” Haley admonished Bash at Chez Vachon.

She then mentioned one number in particular: six.

That reflects the sum of votes that Haley received in Dixville Notch, the tiny village in the northern tip of the state that is known for tallying its votes just after midnight on the morning of the primary. “There were more than 10 journalists for every voter,” The New York Times said in its report on the wee-hours scene, which it called “as much a press spectacle as it is a serious exercise in democracy.” (The same could be said about the New Hampshire primary in general, an exercise that features a relatively tiny number of voters whose views are comically amplified by media swarms.)

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“All six came to us,” Haley reported of the Dixville Notch vote. “Not part, not one—all six.”

Haley was joined at Chez Vachon by New Hampshire Governor Chris Sununu, her biggest supporter and frequent traveling companion across the state in recent weeks. At one point, I asked Sununu, who was standing next to the kitchen door—nearly getting run over by waitresses carrying plates loaded with pancakes, bacon, and poutine drowned in brown gravy—whether he was worried that this might be the last New Hampshire primary as we know it. Some have predicted as much, given that the Democrats are no longer holding their first contest here. Was he feeling wistful at all, nostalgic maybe?

“Nah, we’re always in this. It never leaves us,” Sununu said. He added that the Democrats had “learned their lesson”—that they never should have messed with New Hampshire and tried to take away its rightful spot at the front of the primary parade.

Sununu has shown himself willing to question Trump’s age and mental fitness more directly than Haley had been until the past few days. “If he’s off the teleprompter, he can barely keep a cogent thought,” Sununu said of Trump in an interview with Fox News yesterday. “This guy is nearly 80 years old.”

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“He’s 77,” the Fox host corrected him.

“That’s nearly 80,” Sununu maintained. “We’ll do math later.”

He has an obvious point about Trump, one that’s worth making. But this is a pet peeve of mine. Sununu and Haley often say that a Donald Trump–Joe Biden rematch would feature “two 80-year-olds.” Haley recently said that if Trump were convicted, and she were elected, she would likely pardon the former president. Why? Because it’s not in the country’s interest to have “an 80-year-old man sitting in jail,” she said.

It sounds like a minor thing, but if Haley is going to attack Trump (correctly) for lying, if she’s going to try to claim some moral high ground in this race, she herself should not be fudging the facts. There’s no need to anyway; at 52, she’s clearly younger than both him and Biden.

Since I figured the encounter at Chez Vachon might be the last time that I’d be so close to Haley—maybe ever—I decided to be one of those nuisance reporters and follow her out of the restaurant.

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“How old is President Trump?” I asked her as she crossed Kelley Street. Haley ignored me.

“How old is President Trump?” I tried again. She kept walking. Someone else shouted a question that I didn’t hear.

“There’s a lot of energy, that’s what we’re seeing today,” Haley said in a rote tone, disappearing into a town car and motoring off to her next stop, and then more stops after that.





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New Hampshire

New Hampshire Nears Launch of Bitcoin-Backed Municipal Bond | PYMNTS.com

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New Hampshire Nears Launch of Bitcoin-Backed Municipal Bond | PYMNTS.com


New Hampshire has moved a step closer to issuing a municipal bond backed by bitcoin.

The board of directors of the state’s economic development authority, the New Hampshire Business Finance Authority (BFA), approved the financing structure that will enable this municipal bond, the BFA said in a Tuesday (Nov. 18) press release.

The $100 million bond will be issued upon approval by the state’s governor and executive council, according to the release.

“This clearly positions New Hampshire as a global leader in responsible crypto finance,” James Key-Wallace, executive director of the BFA, said in the release. “We’re proud to help develop new tools that allow companies in the digital-asset ecosystem to access capital safely and effectively — while ensuring no taxpayer funds or state guarantees are at risk.”

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New Hampshire Gov. Kelly Ayotte said in the release that this bitcoin-backed bond signals the state’s continued willingness to embrace new technologies.

“This is an innovative way to bring more investment opportunities to our state and position us as a leader in digital finance without risking state funds or taxpayer dollars,” Ayotte said.

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The transaction was conceptualized by Wave Digital Assets, Rosemawr Management and the BFA, according to the release. Orrick advised the BFA on the legal structuring of the transaction, and BitGo Trust Company will serve as custodian for the bitcoin collateral.

Wave Digital Assets Co-Founder Les Borsai said in the release that this structure shows how public and private sectors can collaborate to unlock the value of digital assets and digital asset reserves.

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“This isn’t just one transaction, it’s the opening of a new debt market,” Borsai said.

Orrick Partner Orion Mountainspring said in the release that this municipal security backed by cryptocurrency will set a precedent for “how municipalities can leverage emerging technologies like the blockchain to broaden their investor base, reduce the cost for funding for their constituents and open new pathways to access capital markets.”

BitGo CEO and Co-Founder Mike Belshe said in the release that the bond issuance “could redefine how digital assets strengthen public finance.”

PYMNTS reported in June that bitcoin is increasingly being used as a form of collateral in loans issued by big banks.



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Trump approval rating slips in New Hampshire on one key metric. See latest poll

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Trump approval rating slips in New Hampshire on one key metric. See latest poll


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  • According to the poll, released Nov. 19, only 42% of New Hampshire residents approve of his handling of the economy.
  • Both people who approve and disapprove cite tariffs as the number one reason behind their opinion.
  • Trump’s overall approval rating is 45%.

Support for President Donald Trump’s handling of the economy hit an all-time low in New Hampshire, according to a new poll out of the University of New Hampshire Survey Center.

According to the poll, released Nov. 19, only 42% of New Hampshire residents approve of his handling of the economy, while 57% disapprove. That’s the lowest his approval has been in this area in either of his terms.

Both people who approve and disapprove cite tariffs as the number one reason behind their opinion.

For those who disapprove, the next top reasons, following distantly, are because of the price of goods, because they believe Trump is self-interested or has a poor character and because of the cost of living.

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Of those who approve, tariffs are followed by spending or the budget, price of goods, energy prices and because they believe him to be better than his predecessors.

While New Hampshire approval of Trump’s economic policies has fallen, his support overall has remained largely the same: 45% approve and 54% disapprove, giving him a net approval rating of -8 that is statistically unchanged since October.

The poll surveyed 1,402 New Hampshire residents between Nov. 13 and Nov. 17. The margin of error is +/- 2.6%.

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How do NH residents feel about the end of the government shutdown?

The government shutdown is now over after some Senate Democrats, including New Hampshire Sens. Jeanne Shaheen and Maggie Hassan, made a deal to reopen the government in exchange for a reversal of federal worker layoffs and a promise for a vote on extending Affordable Care Act subsidies.

Many national Democrats opposed the deal as it didn’t guarantee an extension of the ACA tax credits that the party had demanded for weeks. In New Hampshire, half of residents support extending the subsidies, including 93% of Democrats and 53% of Independents. It perhaps follows then that 68% of Democrats and 60% of Independents oppose the deal ending the shutdown.

However, overall, 52% of Granite Staters support the deal, including 87% of Republicans, 27% of Independents and 24% of Democrats. And there is broad agreement among New Hampshire residents (95%) that all federal workers who were furloughed or who continued working during the shutdown should receive backpay.

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Should Trump sink boats off Venezuela coast?

The survey also looked at approval of Trump’s handling of foreign affairs, finding that 54% disapprove and 44% approve, making a net approval rating of -10 that is statistically unchanged since October.

Half of Granite Staters disapproved of the U.S. military sinking civilian boats off the coast of Venezuela that it claimed were involved in drug trafficking. However, it is heavily split by party, with 92% of Democrats disapproving and 83% of Republicans approving.

These actions have appeared to be part of a pressure campaign aimed at Venezuelan President Nicolás Maduro, who Trump seems to blame for drugs and gangs on American streets. While he has not yet made a decision about what he plans to do in the country, all parties in New Hampshire oppose an attempt to remove Maduro from power.



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New Hampshire Awaits Bitcoin Bond Buyer to Get First State Effort Rolling

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New Hampshire Awaits Bitcoin Bond Buyer to Get First State Effort Rolling


New Hampshire moved this week to foster the state’s first effort toward establishing a $100 million bitcoin bond, which would be directed by a state entity but backed by a private-sector firm, according to those involved with the effort.

The New Hampshire Business Finance Authority authorized “$100,000,000 bonds for a project to acquire and hold digital currency,” according to the description on its agenda. The NHBFA doesn’t direct state-backed bonds, but encourages private-sector entities to administer them. If that happens with this bond, the New Hampshire Executive Council will review the deal and vote on whether to approve it.

Once approved, the project will go live — the first of its kind in the nation.

The NHBFA is a self-funded, state-created organization meant to foster New Hampshire’s economic development. Proceeds from its bond projects return to the entity to help bolster its operation.

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State Representative Keith Ammon, a longtime advocate for crypto policy in New Hampshire, said this first bitcoin bond effort is meant to be a template for more to come.

“Bitcoin can partially insulate our state’s runaway inflation,” he said in an interview with CoinDesk. “This is like training wheels to get to that point, protecting our state’s finances from future devaluation of the dollar.”

He said the two-year bond would be reliant on a rising value for bitcoin.

In this past year, BTC is down about 6%, after having climbed steadily for months before its sharp decline beginning last month.

New Hampshire has been in the forefront of state governments pursuing crypto policies. The New England state was the first to establish a crypto reserve earlier this year, moving much more quickly than the federal government, which is still in the planning stages.

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