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Republicans launch new super PAC to boost Trump

Republicans will launch a new super PAC this week to help President Trump get reelected. Yahoo Finance’s Rick Newman weighs in.

Video Transcript

ADAM SHAPIRO: Want to get word on the street right now. We're going to start with Rick and a term we all learned back when John Kerry was running for president. And that term swift boat, why is that relevant now?

RICK NEWMAN: Well, a group of people who ran the so-called Swift Boaters for Truth campaign against John Kerry when he ran for president 2004 now say they're starting a new super PAC to Donald Trump beat Joe Biden. For people who don't remember, the swift boaters were some people who said they served with John Kerry in Vietnam. And they really kind of slammed his service over there and kind of smeared his some of his career claims.

And that hurt Kerry. He really didn't quite know how to respond to that. It was exceedingly negative. And I think that what that tells us for 2020 is we're going to start to see and hear about some very negative ads targeting Joe Biden. I think we all knew this was coming. This campaign has been pretty ugly so far. It's probably going to get uglier. And when you hear about a super PAC linked to some of these people from GOP campaigns of the past, that tells us. The question is, how will Joe Biden respond? Is he going to fight back from the outset? Or is he going to try to take the high road.

What happened to Kerry is these ads actually did do a fairly good job of defining him negatively among some voters in 2004. So I'm sure the Biden campaign has that mind.