“Popularism” as Farce

Popularism is slowly being revealed as a farce, a grift of the uneducated, low information voter, coopted to vote in many ways against their own interests. This includes women, minorities, medicaid consumers, Obamacare subscribers.

The lack of understanding by the population, the failure of sitting President to emphasize accomplishments, and a talented reality TV star willing to say ANYTHING set up the perfect grift for the ignorant poor.

Example: President Obama and the Democrats bailed out the auto industry (GM & Chrysler) with a pre-packaged bankruptcy while the Republicans wanted to allow Detroit to “let the free market handle it” aka go full liquidation. Despite this, the heart of auto industry — Michigan, Wisconsin, Pennsylvania — voted GOP (albeit barely).

Compared to Carrier’s 1,000 jobs Trump just “saved”, Obama’s auto bailout saved something like 250,000 jobs at GM and Chrysler, and 1 million to 2 million total jobs throughout the entire automotive supply chain.

Was it the message or the messenger?

Some more examples:

Reeling From Effects of Climate Change, Alaskan Village Votes to Relocate (They voted Trump)

Trump’s Economic Cabinet Picks Signal Embrace of Wall St. Elite

Home Values Rebound, But Not For Everyone

case-shiller

In Depressed Rural Kentucky, Worries Mount Over Medicaid Cutbacks (guess how they voted)

Donald Trump is assembling the richest administration in modern American history

Bank lending is strong

lending

I can’t explain why people voted to take away their own healthcare

Its not just here, but Europe as well:

Euro-Area Unemployment Falls to 7-Year Low as Recovery Proceeds

As we (and others) have noted previously, the recovery is here, but it is uneven and lumpy.

Trump expertly exploited this.

What do you have to lose?”

We shall soon find out . . .

 

Trump Inherits Strong Economy—Could Tinkering Backfire?

Source: WSJ

 

Previously:
Trump’s Win Yields Investing Wisdom

Everyone Knew Trump Would Win All Along

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