The Plight of the Democrats – Hillary to the Rescue?

The Plight of the Democrats – Hillary to the Rescue? by Martin Armstrong for Armstrong Economics

COMMENT: I was raised a Democrat. Your forecast that the Democrats would split by 2020 which you made more than 10 years ago I did not believe at the time. Flash forward, Joe Biden, who the Democrats wanted to impeach Trump for influencing the election against him, has been proven to be a joke. Biden came in fourth in Iowa behind a professed communist, an open Gay guy, and a fake Indian. In New Hampshire, he even came in fifth behind Amy Klobuchar who is a lawyer. I now concede that the Democratic party has no choice but to split. I never thought I would say this, but Trump looks normal against this crowd.


REPLY: With each passing day, the Democrats appear to be collapsing into the abyss. My father was also a Democrat. That was the thing coming out of the Great Depression. But those days are gone. The Democrats, behind the curtain, realize now that they are incapable of defeating President Trump as he emerges from his impeachment proceedings stronger than he was before. His polls have risen to a 49% approval rating — the highest to date since taking office.

Democratic Party leaders are frustrated that there are still too many running for the post of president and their traditional hopeful is off the top list — Joe Biden. Even Bernie Sanders can beat Joe Biden. Activists remain uncertain about how to beat Trump and have become deeply concerned about a nominating race that remains crowded and is growing more acrimonious. Therein lies the conspiracy to draft Hillary at the convention.

The Democrats see Trump as a corrosive figure who beat Hillary, despite the fact that she outspent him during the election 10-1. Yet, while vilifying Trump for his tweets, they too all have their own Twitter platforms. This time, they see that Trump is well-funded for his campaign and he is tailoring a reelection bid around the strong economy and visceral appeals to his ardent supporters. His supporters see the Democrats as insane Socialists and environmentalists who are out to destroy their way of life by taxing them to death under the excuse of saving the planet.

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Martin Armstrong

Martin Armstrong was born in New Jersey the son of a lawyer and Lt. Col under General Patton in World War II. Martin was encouraged by his father to get involved in computers during the mid-1960s. He completed engineering both in hardware and software but after being offered positions by a government contractor RCA in Thule Greenland, Guam, or Vietnam, he decided to go back to gold business that he had first began working while in High School to earn money for a family trip to Europe in 1964 for the summer. He continued to work on weekends through high school finding the real world exciting for this was the beginning of the collapse of the gold standard. Silver was removed from the coinage in 1965 and by 1968 gold began trading in bullion form in London. The gold standard collapse entirely in the summer of 1971 and gold became legal to trade in America during 1975 in bullion form. Previously, the market for gold had always been in coin form as long as they were dated prior to 1948.