I have said that people who think that this election is going to be a blow out have a screw loose. Josh Marshall apparently agrees, pointing out that Trump’s victory speech marked a clear move away from “Crazy Racist Trump” and toward a Ross-Perot style economic nationalist, and foreign policy realist:
Some highlights:
*He framed the election in classic populist terms: “I’m going to be America’s champion because you see this election isn’t about Republican or Democrat; it’s about who runs this country – the special interests or the people and I mean the American people.”
*Instead of the usual Republican bromides against government spending, he bemoaned crumbling public infrastructure: “I visited the crumbling cities and the struggling schools. I’ve seen our dilapidated airports, highways, bridges and I’ve compared them to other countries where we see facilities so far superior to ours it’s really not to be believed, hard to imagine what’s happened to our country.”
*He cited the loss of manufacturing jobs: “I’ve visited communities in New York, New Jersey, Pennsylvania, Connecticut, Indiana and Ohio whose manufacturing jobs, they literally, these jobs have virtually disappeared, an embarrassment to our country and it’s horrible.”
*He used the slogan of “America First” (most Americans are unaware of the slogan’s origins) to highlight his opposition to foreign intervention that wasn’t directly linked to America’s security. Citing Clinton’s intervention in Iraq, Libya and Syria, he described his own foreign policy: “It means on foreign policy we will never enter into any kind conflict unless it makes us safer as a nation. It has to make us safer as a nation.”
*He also used the slogan of “America First” to link his opposition to illegal immigration, but on economic rather than cultural rounds: “America First means protecting the jobs, wages and security of American workers, whether first or tenth generation.” Then he segued to a universal appeal: “No matter who you are, we’re going to protect your job because let me tell you our jobs are being stripped from our country like we’re babies…Every American worker of every background is entitled to the same benefits, protections and rights and privileges; it’s got to be that way.”
*He also used “America First” to explain his opposition to NAFTA and other trade deals. “On trade, America First means the American worker will have his or her job protected from unfair foreign competition.”
*In his repeated promise to create new jobs, he specifically included African Americans with the highest rate of unemployment: “We’re going to put America back to work. We’re going to make our own products. We’re going to put America back to work. We’re going to rebuild our inner cities which are absolutely a shame and so sad. We’re going to take care of our African American people that have been mistreated for so long.”
*Finally, instead of attacking Clinton for her relationship with her husband – and some other sordid irrelevance – he honed in on where Clinton is most vulnerable: “The Clintons have turned the politics of personal enrichment into an art form for themselves. They’ve made hundreds of millions of dollars selling access, selling favors, selling government contracts, and I mean hundreds of millions of dollars. Secretary Clinton even did all of the work on a totally illegal private server. Something about how she’s getting away with this folks nobody understands.”
Here is the most recent IEM Futures market graph.
