Hopefully the wake-up call has been sent to the elites on both sides of the aisle. It’s time to pay attention to everyone again, not just your cloistered circle of buddies.
An important point needs to be raised here. Whether it happened now, or later, the basic fact remains that the future was always going to come to the moment when a tiny elite could not take and more from a shrinking pie without creating a backlash.
The only open question was when that was going to occur.
Well, it just happened.
The next question is whether that will be heeded now or, as was done in 2008 by the Fed, utterly ignored for one more chance on the Merry Go Round.
While a lot depends on Trump’s eventual team and policy priorities, the trajectory of increasing economic hardship for the 95%-ers out there is going to keep trudging along as we wait for additional clarity.
Those forces of increasing disenchantment will not evaporate for no reason. It took many years for people to finally become disillusioned with Obama. Trump gets no such grace period.
I’ve yet to meet anybody who likes the man, so he won’t get much in the way of good behavior credits like Obama got.
So what matters most are…