Tangentially with regards to Obama’s alleged primary failure, former Secretary of Labor for President Clinton Robert Reich recently visited Washington and thinks Trump’s victory is the result of people distrusting an apparently rigged system. What happened when he mentioned that to various denizens of Washington?
Many people asked, bewilderedly, “How did this [Trump] happen?” When I suggest it had a lot to do with the 35-year-long decline of incomes of the bottom 60 percent; the growing sense, ever since the Wall Street bailout, that the game is rigged; and the utter failure of both Republicans and Democrats to reverse these trends — they give me blank stares.
Here’s his Tweet; this Daily Kos posting from Keith Pickering is more legible.
If Trump leaves before four years have elapsed, his successor may have to consider returning Glass-Steagall to law after an appropriate campaign to blame its abolition for the Great Recession. It would certainly be easy enough, since it’s already been written; industry should remember it, if not fondly, but better, perhaps, than Dodd-Frank; and it may even be true that its removal by a business-owned Congress is to blame for the Great Recession.
If we accept and continue the story arc of blame, the GOP‘s plan to replace the ACA with a vastly inferior substitute could be a devastating act of seppuku, perhaps leading to its reincarnation as a reasonable political party once again. However, in the interim, who will take over in the power vacuum?
