In a breathtaking and resounding repudiation of Barack Obama, America chose Donald Trump to be its 45th President of the United States.
Most significant is the depth of the Trump victory. Like a a sea of red, the electoral map showed red from coast to coast, outside of a few splotches of blue.
If nothing else, Americans were fed up with the failed policies of the Obama Administration. Consider:
-Since Barack Obama entered the White House, 14,179,000 Americans have “left the labor force” according to the Bureau of Labor Statistics.
-The quality of our jobs continues to deteriorate. In May, 59,000 full-time jobs were lost, but 118,000 part-time jobs were gained.
-Since September 2014, 207,000 mining jobs have been lost.
-We just learned that U.S. factory orders have declined once again. This marks the 18th month in a row that this has taken place, and we have never seen such an extended decline outside of a major recession.
-JPMorgan’s “recession indicators” have just soared to the highest level that we have seen since the last recession.
For many, the next four years will serve as triage for the wreckage wrought by the last eight years. But in the end, Americans, master adapters to change, will embrace Mr. Trump and the country will go one