Should-Read: Barry Ritholtz: "Popularism" as Farce: "A grift of the uneducated, low information voter, coopted to vote in many ways against their own interests...
...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.
