Tuesday, July 23, 2019

Interview: How did the economics of 'Flyover America' hand Donald Trump victory? Gerald Celente explains.

Editor's note: This interview was originally published in May 2017.

This is the second part of my discussion with Gerald Celente. The first article is available.

Story by Joseph Ford Cotto 
What is going to happen next?

That is an eternally relevant question. While the answer can only be found on a person-to-person basis for things in our daily lives -- and even then, it might be 
(Read more of this introduction here.)

Joseph Ford Cotto: In the future, do you expect principles such as immigration restriction and cultural cohesion to supplant fiscal policies and secure starring roles in American conservatism?

Gerald Celente: No.  Remember the campaign slogan popularized by Bill Clinton when he won the presidency back in 1992? “It’s the economy, stupid.” It really comes down to the bottom line.

While immigration and cultural issues play strongly in campaigns and make media headlines from time to time, the business of the nation is primarily business.  However, they will serve as building blocks in the segments political platform, and exploited when desired.  

Cotto: During last year's general election, how did economic insecurity among the electorate allow Trump to transcend barriers typically placed in any Republican's direction?

Celente: For the majority the major pressing issue in their lives is personal income, not party affiliation, and that was the Trump card in the 2016 presidential election. A Gallup Poll proves it. Last year, on average, only about 15 percent of Americans approved the way Congress was handling its job. So, in essence, party power is not what it used to be.

As for economic insecurity, look at the numbers. While President Obama bragged he created over 10 million jobs when he was in office, according to a Harvard/Princeton study, 94 percent were low paying temporary jobs. And, since 2009, 95 percent of the wealth created went to the top 5 percent. Some 51, percent of full time working Americans are earning $30,000 a year or less.

Again, and again: “It’s the economy stupid.”

Cotto: 'Flyover America' is often used to describe the majority of this country; specifically that which is outside of major cities and their suburbs. How did the prevailing fiscal sentiment here allow Trump to overcome huge Democratic margins in urban, as well as some suburban, areas?

Celente: The majority of personal wealth in the United States in concentrated on the East and West coasts… the Silicon Valley/Wall Street effect and all the collateral industries and business that support and profit from them.  

Rust belts have replaced by many of the once rich industrialized American heartland states. In those middle-of-the-nation states,  middle class jobs have been replaced with health care, hospitality, non-profit and other lower paying retail related jobs.

Thus, Hillary Clinton and President Obama campaigning to continue the Democratic legacy … essentially more of the same … middle America chose to vote for Trump's promise of “economic hope and change you can believe in.”