By George Friedman
Nov. 9, 2016
Nov. 9, 2016
In lieu of today’s Reality Check, please enjoy this special election issue of Friedman’s Weekly.
This victory proves he – and the class of voters who elected him – cannot be overlooked.
Donald Trump has been elected president of the United States. The extent of the bewilderment is significant. The pollsters were shocked. The media was surprised. The financial markets were stunned. Many in the Republican Party were astonished. And the Democratic Party was totally taken off guard. The thought that a man with Trump’s values and behavior could become president was, to many, unthinkable. I do not mean that they disagreed with him, or hoped that Trump would lose. They thought it inconceivable that a man like Trump could win.
Republican President-elect Donald Trump delivers his acceptance speech during his election night event at the New York Hilton Midtown in the early morning hours of Nov. 9, 2016 in New York City. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. Mark Wilson/Getty Images
That is the reason Hillary Clinton lost. The Democratic Party that nominated her has moved far away from the party that Franklin D. Roosevelt crafted or that Lyndon B. Johnson had led. Their party had as its core the white working class. The liberalism of FDR and LBJ was built around this group, with other elements added and subtracted. Much has been said about this group having become less important. Perhaps so, but it is still the single largest ethnic and social group in the country.
This group, as I have argued before, is in trouble. The middle class, with a median take-home pay in California of about $4,300 a month, can buy a modest house and a car but certainly can’t afford to send their kids to college. Hence the massive student loans their children must take out. The lower-middle class has a take-home pay of about $2,600 a month. A generation ago the lower-middle class could buy a small house in a not-so-great neighborhood. Now they are hard pressed to rent an apartment. Liberals are concerned with inequality. People in the lower-middle class are simply concerned with making enough money to live a decent life. They are two very different things.