Thursday 8 December 2016

Change is Coming to America

It is very interesting watching the show on the legacy of Barack Obama...to see how things change.
I guess the most remarkable thing about Obama's "Change has Come to America" is that it didn't come.
The differences between Obama and Trump are just so fascinating...Obama, the Cerebral, and Trump, the Primal.
The challenges faced by Obama were legion and the biggest was the Global Financial Crisis of 2008, a sequence that fanciful Americans thought would be over in about 2 weeks time...but these massive financial adjustments take at least 20 years, and always have.
After 8 years, with Trump still yet to formally become President, the Financial Crash of 2008 rolls on, and will do so for at least another decade, or maybe two.
Trump's rise is acknowledged to some extent as stemming from that (ongoing) Crisis. How do you reverse, fundamentally, an Economic Depression? No one ever has and I highly doubt that Trump can.
The next decade will be very hard for the USA and for other countries of the West, including Australia. That's what happens in a long economic downturn...and it happens for a long time.
What the ascendancy of Trump means is not a nation divided by race etc, the same as Brexit doesn't mean a hatred for immigrants in the UK, but because of the ways in which the complex 2008 Depression arose and occurred, and continues, people world wide are suffering, and seeking something simple to blame, so as to fix things and not suffer.
With Trump, interestingly, the term 'Change Has Come to America' could be applied. No one knows the outcome of this change at the start, or in the middle, of it, and we are not yet even at the start of it.

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