What the stock market’s rise under Trump should teach Democrats
Updated by Mike Konczal Jul 7, 2017
https://www.vox.com/the-big-idea/20...arket-democrats-wilderness-strategy-economics
Q
The questions I’m raising here frame a clear choice. How the Democrats decide to answer them will determine much of what they’ll do later. Democrats should redouble their commitment to labor, abandon the obsessive focus on the preferences of American professionals, rein in the most predatory parts of the economy, and throw their weight behind simple, universal programs that would improve citizens’ economic and social lives.
The Democratic Party had started to move in this direction during the election, but it was never the central pitch. Now, however, every time the Democrats are tempted to deviate from this agenda, they should remember that the stock market loves Trump and could not care less about his antics. That’s because the business class has already decided what side it is on.
Mike Konczal is a fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality, and a progressive vision of the economy.
UQ
Updated by Mike Konczal Jul 7, 2017
https://www.vox.com/the-big-idea/20...arket-democrats-wilderness-strategy-economics
Q
The questions I’m raising here frame a clear choice. How the Democrats decide to answer them will determine much of what they’ll do later. Democrats should redouble their commitment to labor, abandon the obsessive focus on the preferences of American professionals, rein in the most predatory parts of the economy, and throw their weight behind simple, universal programs that would improve citizens’ economic and social lives.
The Democratic Party had started to move in this direction during the election, but it was never the central pitch. Now, however, every time the Democrats are tempted to deviate from this agenda, they should remember that the stock market loves Trump and could not care less about his antics. That’s because the business class has already decided what side it is on.
Mike Konczal is a fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality, and a progressive vision of the economy.
UQ