The party of the rich

Democrats are now the party of the rich, and Republicans are the party of the blue collar worker.  So concludes Reihan Salam, writing in the liberal Slate, drawing on research by think tanker Lee Drutman, who shows that the wealthiest Americans now tend to vote for Democrats.

Why?  Because the wealthy tend to be “socially liberal”; that is, they support abortion, gay rights, gun control, etc., etc.   Contrary to how they usually describe themselves, they are not necessarily “fiscally conservative.”  They are so affluent they don’t mind paying slightly higher taxes, and they want the government to provide health care and other benefits for the lower class that serves them.  But they are far from Bernie Sanders-style socialists, being supportive of big banks and Wall Street.

Conversely, as we see in the ascension of Donald Trump, lower income workers–concerned about free trade, exporting jobs, and low wages, as well as what they see as America’s cultural decline–are voting Republican.  This is all an exact reversal of just a few years ago. [Read more…]

USA is now the Saudi Arabia of oil

How Britain’s exit from EU can help its economy

Global stock markets and currency exchanges are in turmoil after Great Britain voted to leave the European Union, making it look like the decision is an economic disaster.  But Stephen Meyer argues quite the contrary, that Brexit will bring substantial economic advantages.  For example, the UK will now be able to negotiate a trade deal with its biggest market–the United States–which it wasn’t allowed to do under the European Union.  Also, lifting the EU’s regulatory burdens, which applies to the whole economy and costs as much as 6.5% of the Gross Domestic Product, will be a dramatic shot in the arm for the UK’s economic growth. [Read more…]

Trump thinks we can always just print more money

Donald Trump thinks we don’t have to worry about defaulting on the national debt because we can always just print more money.

[Read more…]

“The Smug Style in American Liberalism”

There is an astonishing article in the (liberal) Vox by the (liberal) Emmett Rensin entitled “The Smug Style in American Liberalism:  How liberals came to look down on the people they once tried to help.”

It castigates liberals for their Daily-Show habit of mocking those they disagree with, particularly those of lower social class than themselves, saying how stupid and uneducated they are, compared to their cool and knowing selves.

Rensin points out that liberals used to be largely from the working class.  Today, though, the base of liberalism is in academia and the upper middle class.  Today, he says, many Democrats don’t even know a poor or blue collar person.  Their disrespect has translated into not really doing anything about the economic issues that have so ravaged the working class.

Whatever your politics, you need to read this, excerpted and linked after the jump. [Read more…]

Obama threatens Great Britain if it leaves the EU

Great Britain is getting ready to vote on whether or not to exit the European Union, a cause that is going by the name “Brexit.”  Though surely whether or not to do that is the business of the British people, President Obama has weighed in on the matter.  

During his visit there, he went so far as to threaten the British that if they leave the EU, they would be “at the back of the queue” for any trade deals.  Threatening a nation’s economy if they do not bend to our will is essentially what the Saudi Arabia leadership did to the United States, to the general outrage of Americans.  Now the Brits are similarly outraged at Obama.  See the London Daily Express story after the jump. [Read more…]


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