From “Ruminations on the 2016 Election” by The Z Man:
The 2016 election is driven in large part by the realization of the frogs that the gas has been on and the water is boiling. It may be too late to escape, but that does not mean they will not try. The appeal of Sanders and Trump is due, in part, to this realization. It’s also driven by the hysterics of the people in charge, who are largely responsible for the state of the nation.
That last part is what I described in the Trump Effect post. A wide swath of the public no longer trusts what they are being told by the people in charge. Most Americans now think the rich are looting the country. They may not be willing to have a boiled rope party just yet, but people on both sides are now listening to appeals that were considered off-limits not so long ago.
Trump’s plan to treat investment income as normal income is a great example. The day he made the comment, ambulances were sent to National Review headquarters because the entire staff fainted. The folks at the Wall Street Journal threatened severe retribution if the heretic was not brought to heal. Yet, many rank and file conserves think he is probably right. The reason for this is they intuitively sense the trouble lies in all of these sacred cows protected by their betters.
The point here is we have a public that is suddenly aware that the status quo cannot hold. Things have to change and they have to change fundamentally. The candidates who have shown that they get it are doing well, while the guys from party headquarters are floundering. This is true even though, on the one hand, Sanders is offering nonsense as a solution and on the other hand, Trump is not offering much of anything beyond making sport of the pearl clutchers.
That may sound comforting, but there’s no Reagan on the horizon and the current ruling elite is not going to be swayed by appeals to God and country. Tip O’Neil was wrong about most things and not the nicest guy, but he loved his country. The old party hands in the GOP may have looked down their nose at the actor turned politician, but they put the interests of their country first.
The current crop is a different sort of ruling class. Their only allegiances are to their class and the global financial elite that supports them. It’s why both parties rallied around the Iran deal, for example. Global players like Boeing, Halliburton and their bankers had pending deals with Iran. National security and long standing loyalties to allies in the region simply did not matter.
I got a bad feeling about this. You know that feeling when you know a storm is coming? It’s not here yet, but soon it will be. Historians often refer to “tipping points” where sudden, dramatic changes take place. When the pressure builds high enough, even a small event can trigger it.
Looking back in hindsight it is often easy to see the signs. The real trick is to see it coming. What worries me is I don’t see anybody trying to stop or avoid it. Some of them don’t think it could happen, while others seem to be eagerly seeking it.