Replies to post #315493 on Simply Politics & News (GOV)

[shermann7]

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

Please Click on the Link for Charts and Graphs ...

https://us-mg5.mail.yahoo.com/neo/launch?.rand=entjl6uv8ad85#9784992271

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.

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 bar, the tax loophole farmers and the endless lesser K-Street racketeers.

Consequently, most of America’s vast flyover zone has been left behind. Thus, the bottom 90% of families have no more real net worth than they had 30 years ago. By contrast, the real net worth of the top 9% stands at 150% its 1985 level, and the very top 1% is at 300% of its level three decades ago.

Moreover, the wealth round trip of the bottom 90% depicted in the chart below was hardly real in the first place. Main Street net worth temporarily soared owing to Greenspan’s 15-year housing bubble which culminated in the great financial crisis. What is left is mainly the debt.

The same pattern is evident in real household incomes and average real earnings of full time workers. In this case, the metric displayed in the chart encompasses men over 16 to control for changes in the work force mix, but the result is unmistakable. To wit, real median household incomes in 2014 were no higher than the level first reached in 1989, and real weekly full-time wages were actually 4% lower.

In a similar vein, Indiana was supposed to be Senator Cruz’ last stand, but according to the pundits he ended up getting blown away by the “Carrier” vote. United Technology’s plan to move its air conditioner factory to Mexico became Donald Trumps whipping boy, but the metaphor had deep resonance.

Since the year 2000, the US has lost 20% of its highest paying full-time jobs in the goods producing economy—–that is, energy and mining, construction and manufacturing.

Goods Producing Economy Jobs- Click to enlarge

Even when you allow for the supposed shift to white collar jobs in finance, technology, entertainment and other domestic services, the story is pretty much the same. There are still nearly 2 million fewer full-time, full pay “breadwinner jobs” in the US today than when Bill Clinton was packing his bags to leave the White House in January 2001.

These jobs currently pay an equivalent annual wage of $50,000 on average, which isn’t affluence by any means. But the point is, these jobs are the best of what we have and the total has been going nowhere for the last decade and one-half, even as the adult population (over 16 years) has risen from 212 million to 250 million.

Breadwinner Economy Jobs- Click to enlarge

Stated differently, the Trump voters don’t watch CNBC. Or if they do, they are savvy enough to dismiss it’s specious celebration of America’s phony bicoastal prosperity, and especially the monotonously stupid and profoundly misleading ritual of Jobs Friday. The voters know from experience that those millions of “new jobs” are mainly part-time gigs that come and go between the financial crashes that arise every seven years or so out of Wall Street and Washington.

Indeed, these bread and circuses jobs may all be part of the “print” according to Keynesian windbags like Mark Zandi, but the flyover zone voters know the real truth. They pay cash wages of less than $20,000 per year on a full-time equivalent basis, offer virtually no benefits and are scheduled by the day and hour.

Bread and Circuses Economy Jobs - Click to enlarge

In fact, nearly 40% of all the net payroll jobs created since the year 2000 are in what we have called the Part Time Economy. Trump voters have gotten stuck in them, fear they will end up there or have friends and family who have no other opportunities.

Needless to day, they know they are not winning.

Part Time Economy Jobs - Click to enlarge

Meanwhile, the bicoastal elites tend to their increasingly fanciful projects and provocations. That is to say, Imperial Washington’s completely trumped up campaign against Russia and Putin is cut from the same cloth as Silicon Valley’s pretension that there are ( or were until February) 147 “unicorn” start-ups that are each worth a billion dollars or more—notwithstanding that few of them have meaningful revenues, cognizable business models or any prospect of earning a profit.

[gail]

yup, i saw that, weeeee! right now, political radio show big time host, Mark Levin, is having a melt down.

he wanted cruz to win and has been bashing trump for weeks.

[gail]

omg, guess what! I know that Mark Levin reads his face book replies, and i have been posting, just here and there, a very noticeable post saying "PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP....."PLEASE STOP BASHING TRUMP.......PLEASE STOP BASHING TRUMP.....

so that it stands out. well, just now, he said "about his responders" "i'm not bashing trump, im just telling it how it is"...

haha, maybe he saw my posts. :-)