Trumped! Why It Happened And What Comes Next, Part 1

zerohedge ^ | 5-5-2016 | Tyler Durden/David Stockman

[Syncro]

Trumped! Why It Happened And What Comes Next, Part 1

 

Submitted by David Stockman via Contra Corner blog

First there were seventeen. At length, there was one.

Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep out the stables.

Accordingly, the Donald’s patented phrase that “we aren’t winning anymore” is striking a deep nerve on main street. But that is not on account of giant trade deficits or a faltering foreign policy and failed military adventures per se.

Indeed, it has very little to do with any patriotic impulse with respect to America’s collective polity, and everything to do with voter perceptions that they personally are not winning economically anymore, either.

*snip*

What is winning is Washington, Wall Street and the bicoastal elites. The latter prosper off finance, the LA branch of entertainment (movies and TV), the SF/technology branch of entertainment (social media) and the great rackets of the Imperial City—including the military/industrial/surveillance complex, the health and education cartels, the plaintiffs and patent bar, the tax loophole farmers and the endless lesser K-Street racketeers.

Consequently, most of America’s vast flyover zone has been left behind.

Excerpt, read more at Zerohedge.com

[Syncro]

I found the first chart very interesting.

I would love to have some financial experts chime in on this thread

[Read Write Repeat]

0.5% GDP is the only figure needed to understand we’re making the same salaries we did twenty years ago, yet the dollar buys less.

[RayofHope]

Zerohedge usually lays it out pretty well. The majority of Americans have felt the financial squeeze for a loooog time. There voices are now being heard loud and clear. The first chart shows how the uber wealthy have seen their “Real Average Wealth” rise while the remaining 99% have seen a dramatic fall over the past 10-12 years.......

[cincinnati65]

"0.5% GDP is the only figure needed to understand we’re making the same salaries we did twenty years ago, yet the dollar buys less."

And if you don't like it, you'll be automated or H-1B'ed out of a job.

[SkyDancer]

Thing is the US has been governed by lawyers/politicians. Maybe a business person who knows how to run organizations will be better? Know negotiating (unlike Kerry or Hillary). What, is Hillary going to go on a world tour with her reset button? In two hundred languages on each button?

[DaveA37]

Trump came on the scene at the right time. Odumbo, along with the majority of long term crooked politicians have done their damndest to destroy this country and fill their own pockets but We The People have had enough. The hopeful “savior” surfaced at the right time and won the hearts and votes of all of us who want to save what’s left of this nation. With Trump and God’s help, it shall be.