American Consequences - January 2021

Some may say that Trump’s populist campaign platform was ultimately overshadowed by his run-of-the-mill accomplishments – the 2017 Tax Cuts and Jobs Act and the nomination of three conservative Supreme Court justices. While he helped bring back about 500,000 manufacturing jobs, that number started to steeply decline even before the pandemic. He didn’t comprehensively reform health care, nor did he significantly ameliorate the plight of forgotten workers dealing with the “American carnage.” But he brought populist issues to the forefront when politicians had neglected them for decades, and he became wildly popular with the GOP’s base for doing so. Trump’s appeals Ad: Prepare for a 'Cash Panic' The Nasdaq just hit 13,000 for the first time in history... while professional money managers are stampeding OUT of cash at record levels, pumping billions of dollars into a specific corner of the financial markets. So what's really going on... and what does it mean for YOUR money? Click here for answers . A more accurate description of the current GOP is the party of the petite bourgeoisie and a rural, dispossessed subset of the working class that richly appreciated Trump’s aspirational rhetoric about reshoring jobs.

The socialists are angry about this trend, and fuming even more about the two-time humiliation of Bernie Sanders, reduced to endorsing the establishmentarians that had him removed from both primaries. The Democratic Party will never allow the radicals to wield actual political power, as they’re too entrenched with special interests. So, what is the future of their movement beyond street activism? The best figure to follow for this question is probably Marxian economist Richard Wolff and his nonprofit “Democracy at Work,” which seeks to reconceive “socialism” as workers’ self-management rather than Leninism’s state capitalism. But as for electoral politics, it’s implausible the Democratic-Socialist movement will make significant ground soon. How will they respond to Bernie Sanders’ second loss? By trying to regroup in a third party or forming a new one, by perpetually harassing the Democratic Party leadership until they collapse from exhaustion, or by seizing every opportunity to riot until their demands are met, is yet to be seen. Most likely, all three... The Right-wing populists would love to start referring to the GOP as the working-class party, but they should hesitate... Conservative Inc. does not like that talk, as they very well know. A more accurate description of the current GOP is the party of the petite bourgeoisie and a rural, dispossessed subset of the working class that richly appreciated Trump’s aspirational rhetoric about reshoring jobs.

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American Consequences

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