[lbo-talk] Trump's supporters will turn on him

Marv Gandall marvgand2 at gmail.com
Wed Nov 16 09:58:15 PST 2016


Famed bond trader Bill Gross predicts Trump will be a one term president when his disillusioned supporters discover his policies favour the corporations and the wealthy, and as their own conditions continue to worsen in a stagnant US economy.

“His tenure will be a short four years but is likely to be a damaging one for jobless and low-wage American voters…I write in amazed, almost amused bewilderment at what American voters have done to themselves.”

Gross said he did not vote for either Trump or Clinton because he did not think Clinton’s policies would be significantly more effective in boosting economic growth, redistributing income and raising the living standards of American workers.

Gross represents the faction of the capitalist class which believes, as during the Great Depression, that large-scale government intervention is needed to provide investment and jobs in a period when over-leveraged corporations decline to do so because of the lack of profitable opportunities.

He foresees working class discontent - what he calls “global populism” - as “the wave of the future, but it has taken a wrong turn in America.”

http://www.zerohedge.com/news/2016-11-16/amazed-bill-gross-slams-trump-his-tenure-will-be-damaging



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