Must Read of the Day – The Clinton Presidency Is Going to Be a Miserable Slog

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For a long time now, I’ve felt that no matter who wins this election, the U.S. is in for extremely difficult times over at least the next 4 years. The reason is twofold. First, when you combine Donald Trump and Bernie Sanders supporters (the latter didn’t just disappear), a majority of the population is in full on revolt against the status quo. This mood isn’t going anywhere. Combine this backdrop with the very high likelihood of an economic downturn, and you have a recipe for mayhem. This isn’t even taking into account the possible end to a multi-decade secular bull market in sovereign bonds, the ramifications of which represent a financial extinction-level event for much of the Western world.

When I look at the financial markets and note that they appear totally unwilling to even flirt with the very real possibility of a Trump victory, I conclude that the current status quo assumption is not only that Hillary will win, but that after she wins, the social mood will get better. I, on the other hand, think it will get far, far worse, as disgusted Trump and Sanders supporters push back relentlessly from day one. As I noted earlier today on Twitter:

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Must Read of the Day – ‘The Real Deplorables’

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Below are some excerpts from Michael Tracey’s latest article: The Real Deplorables.

Enjoy.

The real “deplorables” generally aren’t the people whom Hillary denounced as wholly “irredeemable,” or at whom economically secure commentators fulminate on a regular basis. More obviously “deplorable” are Hillary’s fellow financial, political, economic, and military elites who wrecked the economy, got us mired in endless unwinnable foreign wars, and erected a virtually impenetrable cultural barrier between everyday Americans trying to live fruitful lives and their pretentious, well-heeled superiors ensconced in select coastal enclaves. It is thanks to the actions of this “basket of deplorables” that we’re in the situation we’re in, where an oaf like Trump is perilously close to seizing the presidency.

At a recent Trump rally in Lancaster County, Pa., I was bemused to encounter a coterie of local Amish people who’d traveled there together by bus. Asked why they backed Trump, the overwhelming response was that Amish folks just wanted to preserve their traditional way of life (which they saw as under siege) and perceived Trump as enabling them to carry on with it. Some told me they supported Trump not because of some overweening disdain for their nation’s fellowmen, or immigrants, or even coastal liberals, but because they felt that the federal government was intruding on their ability to properly run their small farms. 

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People Just Want to Kill the Status Quo – Thoughts on Trump’s Swing State Surge

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Two weeks ago, I wrote a post titled, Don’t Count Out Donald Trump Yet. Let’s take a moment to revisit a few of my observations:

Trump experienced a horrible period from mid-May to mid-June, which culminated in the dismissal of campaign manager Corey Lewandowski. Based on my Twitter feed, Trump is finished. I’ve been incessantly bombarded with articles highlighting an ever widening lead for Hillary Clinton nationally in the polls. So is Trump finished? Not by a long shot.

First off, let’s discuss the macro environment. As the Brexit vote demonstrated in spades, people are not in a cheery mood and appear willing to suffer negative consequences in the short-term in order to blow up the status quo. This is hugely important and a huge part of the Trump phenomenon. I also think the arrogant, dismissive, undemocratic and paternalistic attitude of so-called “elites” in the aftermath of Brexit will not be lost on U.S. voters.

Equally interesting, is how incredibly close the race between Clinton and Trump is in a wide variety of swing states, as well as states that typically lean one way or the other. The reason this is happening is we essentially have a race between a nativist populist versus a Wall Street neocon for the first time in recent memory. As such, anyone claiming they know how this will play out is full of…

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Don’t Count Out Donald Trump Yet

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To make things even worse, we often outright mock anyone who can’t keep up, or doesn’t fit in with the new order. We call them dumb. Idiots. Religious freaks. Rednecks. Thugs. Hoodlums. Ghetto trash. White trash.

The language we use to talk about those who have been left behind is rife with nasty attempts to turn them into lesser humans. We use the tactics of racism, and apply it to economic losers.

If you hate racism, then you really really really should hate any economic and social system that creates and rewards massive inequality. Because when you get that. You get racism.

And that is the system we have built and now have. That is the system that most everyone screaming about the dumb racists is part of, usually supports, and wins from.

– From the post: Thoughts on Brexit from Someone Who Spends Time in the “Forgotten Places”

In order to prevent people from mischaracterizing my point of view, I want to once again make something completely clear. I do not support Hillary Clinton or Donald Trump, and will not be voting for either in 2016. My intent had been to once again vote for Libertarian candidate Gary Johnson, but recent comments to Politico about how he would support the TPP have prompted me to pull back. I don’t know if there’s anyone I can vote for in November. Nevertheless, the purpose of this article is to provide some political analysis for those interested in that sort of thing.

Trump experienced a horrible period from mid-May to mid-June, which culminated in the dismissal of campaign manager Corey Lewandowski. Based on my Twitter feed, Trump is finished. I’ve been incessantly bombarded with articles highlighting an ever widening lead for Hillary Clinton nationally in the polls. So is Trump finished? Not by a long shot.

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Could Trump Beat Clinton in New York? Yes.

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One thing Clinton supporters remain in complete denial about (other than the fact most Americans who don’t identify as Democrats find her to be somewhere in between untrustworthy and criminal), is that a significant number of Sanders supporters will never vote for Hillary. Forget the fact that I know a few personally, I’ve noticed several interviews with voters who proclaim Sanders to be their first choice but Trump their second. Are they just saying this or do they mean it? I think a lot of them mean it.

– From the post: Why Hillary Clinton Cannot Beat Donald Trump

I continue to see Hillary Clinton as one of the most overrated political figures in American history, and Donald Trump as one of the most underrated. This is why I think “the experts” are wrong about the outcome of a potential Clinton vs. Trump showdown in the general election.

Hillary’s weaknesses are obvious. I’ve highlighted new shameless transgressions or scandals on these pages virtually every day for several months now. Furthermore, the fact that the grassroots campaign juggernaut known as the Sanders movement seemingly came out of nowhere, proves there’s a huge ideological vacuum on left just asking to be filled in light of Clinton’s neoconservative candidacy.

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Video of the Day – Sarah Palin’s Rambling, Bizarre and Incoherent Endorsement of Donald Trump

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Sarah Palin endorses Donald Trump. Like watching a train wreck.

Enjoy.

Reason’s Peter Suderman sums up the spectacle perfectly:

Sarah Palin summed up Donald Trump supporters better than any of us have been able to do so far, I’ll give her that.

In part this is because making sense isn’t really Palin’s style. But it’s also because there is no coherent defense of Donald Trump’s candidacy. His own argument is little more than a simple boast that he will make the country great, like it used to be, followed by a series of insults and a discussion of his poll numbers.

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