The debt monster still looms which will be harder and harder to feed as interest rates rise. The stock market is still built on magic conjured by the Federal Reserve. Europe continues to generally remain weak. Greece particularly is eroding yet again.
But saying all of this there is a tangible optimism economically speaking in the air. I certainly sensed it with the election of Trump, even in my very “liberal” home town. Yes there are/were people wailing and crying to the stars in the wake of Hillary Clinton’s loss.
“Obviously strongly prefer normal democratic and constitutional politics. But if it comes to it, prefer the deep state to the Trump state.” – Neocon Bill Kristol of The Weekly Standard.
I like Charles Hugh Smith and this is his infographic.
Do “progressives” (and Bushite neoconservatives) hate Trump and “the deplorables” so much that they would sell their collective souls to the “deep state” to take Trump out? I hope not but I think many would happily do it.
The #oldmedia, the #cronymedia, are on notice. They were so obviously pro-Clinton in the 2016 race that many Americans just gave up on the #oldmedia altogether. Any sense of fairness seemed in 2016 to go out the window. The old media companies, companies that had long watched their market share and revenues decline, doubled down on the establishment candidate in a ploy for relevance. But they busted. Spectacularly.
Now the old media are coming to terms with their new status.
Image: VL World News, Petro Porshenko Ukraine’s president
There is a weird “order” setting up post Trump. There’s the “we don’t like the European Union, TPP, United Nations” camp. And then there is the old, some would say “globalist” camp, centered in Brussels and generally supported by the old political establishment in the USA.
There are very interesting geopolitical shifts happening right now.
Surprise to Harwood maybe. (But how could it be at this point? How daft could he be?) But not a surprise to us or likely many of our readers.
Harwood is, as you may remember the the chief political correspondent for CNBC who also ran stories by and offered advice to the Clinton campaign. (This was exposed by Wikileaks.)
This is really entertaining but they missed some good stuff. Perhaps The Washington Free Beacon will put out another one of these.
How Steve Bannon won the election with one brilliant idea
This is an article that needs to be read.
I’ve been watching the “fake news” nonsense very closely. It seems to be a mix of partisans looking for a reason, any reason, why so many people just rejected Hillary and by extension Obama when in their opinion Clinton was clearly the superior choice, (Remember the whole email private server thing, and the Clinton Foundation money, and the quarter million dollar “speeches” to the bailout banks, and the get out of jail pass from Comey, and the rigged primaries,
So let’s talk about “fake news.”
As you are likely aware, in the wake of the Trump victory there has been a desperate attempt to come to terms with why the Clinton machine lost despite having essentially all of the #oldmedia on its side. Let’s take a moment and review how biased toward Hillary Clinton (and her machine) the #oldmedia actually was.
Below only represents a tiny fraction of the stories we featured on the pro-Establishment and pro-Clinton propaganda push from the powers that be in the #oldmedia,
One can say it. And many are saying it – quietly. But if there was corruption on the scale that Schweitzer thinks there might (likely?) have been it would be very wrong indeed if Hillary Clinton just got off the hook.
There are political considerations of course and the Clintons may weasel out of this pickle too. But they probably deserve to sweat a bit more.
This picture just says so much.
Some legitimately good advice for Democrats looking to the future. The Dems right now are the party of corporatism (though there’s plenty in the GOP too of course). The Clintons are a big reason why this is. The Democratic Party has a chance to clean house a bit here. Trump may have actually done the Democrats a favor.