Fifty years ago, Americans believed that the democrat party supported the working middle income citizens and the republican party supported the rich. Indeed, there was an element of truth in that belief.
Yet in 2016, Hillary Clinton represents the rich and the super rich along with the highly overpaid Wall Street billionaires and many super rich venture capitalists. Donald Trump represents all working middle income Americans which is a change in philosophy for the republican party.
Since 1979, America has lost 7,231,000 manufacturing jobs in the U.S. That represents a 37% loss of working middle income jobs in the U.S. Trump wants to correct this problem and bring back manufacturing jobs to the U.S. Hillary Clinton does not view this as a problem. Americans understand that the U.S. has been losing jobs to China every year since President Bill Clinton allowed China to enter the World Trade Organization (WTO ). Trump wants to correct this problem and Hillary Clinton does not see this as a problem.
During her years as Secretary of State, Ms. Clinton refused to name China as a currency manipulator. Neither Hillary Clinton nor Barack Obama nor the congressional democrats would fight for America’s working middle class. Also, big business and the big banks do not care about working middle class Americans. That is why big banks, big businesses, and Wall Street have been so willing and eager to fund Hillary Clinton’s campaign.
During the Great Recession of 2008, the top one-tenth of one percent of the richest people in America lost about 33% of their net wealth. Then Obama, with assistance from Hillary Clinton, built a pathway of political corruption from the White House to Wall Street and connected the pathway of corruption to the billionaires in Silicon Valley and connected it to America’s largest banks. This corrupt passageway delivered massive campaign contributions to the Democrat Party with all the help and assistance possible from Obama and Hillary Clinton. This is why the Bernie Sanders’ supporters voted in mass against Hillary Clinton. But far more importantly, the U.S. has recovered from the 2008 Great Recession. Vast amounts of new wealth has been created in the U.S. since 2008. Where has this vast amount of wealth gone? It certainly has not gone to the working middle income citizens. The government’s own data clearly shows that 95% of the new wealth creation since the end of the Great Recession has gone to the top one-tenth of one percent of the richest people in the U.S. Too bad that the working middle income citizens were not given a fair opportunity to participate in a growing U.S. economy.
Since the end of the Great Recession in 2009, the Federal Reserve Board has operated in the wise words of economist David Stockman as a ” cash machine for the Wall Street Casino.” The policy of quantative easing ( QE ) showered money on the large Wall Street Banks to encourage them to lend money to small businesses. That of course was a lie started by President George W. Bush (43) and then doubled down on by Obama and Hillary Clinton.
Loans to small businesses were never made, so where did the money go ?? Of the $3.7 TRILLION in cash that the Fed gave to the big banks under Obama, $3 TRILLION is still sitting in the bank vaults of the Fed ! There it is earning one-quarter of one percent interest each year, or about $ 10 Billion that goes to the big banks each year courtesy of the Fed who routs the cash courtesy of the working middle income citizens of the U.S. whose taxes pay to make the top one-tenth of one percent massively richer every year !
In essence, Donald Trump, the blue collar billionaire, wants to modernize and restructure the U.S. Government to make America Great Again. Hillary Clinton wants to continue to serve the special interest of the richest of the rich who have funded her campaign, flooded the questionable ” Clinton Foundation ” with cash, and even paid Hillary Clinton directly for private speeches that Ms. Clinton will not release. Ms. Clinton certainly knows how to earn money by making an hour speech for a cool $ 250,000.00. The speech was so good for the special interests that she was asked to give a second speech for the same amount. Possibly Goldman Sachs and Blackrock have already earned a great return on their investment in Hillary Clinton.
R. Van Conoley