News Release

Economic Dynamics Behind Trump Victory

503168-2THOMAS FERGUSON,thomas.ferguson[at]umb.edu
Ferguson is professor emeritus of political science at the University of Massachusetts, Boston, and senior fellow of the Roosevelt Institute.

He said today: “Everyone’s instinctive response is that ‘the Deplorables’ have won and the American establishment is reeling. The Establishment certainly is. But take a close look at the exit polls:

“Clinton, not Trump, took the two bottom groups with respect to income: Under $30,000 and under $50,000. Trump won all of the rest, sometimes narrowly, but he won them. And white women college graduates only slightly favored Clinton, while trade and state-of-personal-finances badly hurt Clinton. Views of the parties are polarized, but more people have a better view of the Democrats than the Republicans. So Trump now has to make policy for Carl Icahn, Peter Thiele, and his other supporters, while also doing something real for the heartland. The Democrats and the other Republicans all failed at this.

Ferguson’s books include Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political Systems (1995) and Right Turn: The Decline of the Democrats and the Future of American Politics (1987).

Background: Ferguson interview with The Real News, “Who is Supporting Trump?”
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=15165#newsletter1