"I don't understand people...who talk about us as being in decline, and who act as though we are not yet the greatest country that has ever been on the face of the Earth for all of history!"

Hillary Rodham Clinton, 25 July 2016

The Democratic establishment's lack of understanding of what a large portion of the public has been saying and thinking during this entire election cycle and beyond is both remarkable and yet understandable, given the bubble of easy money, crony capitalism, and endless favoritism in which their candidate and their pampered protégés exist.

This utter disconnect from the public why liberal establishment figureheads can write columns in the New York Times suggesting that all is well because things are great on the affluent bubble-land of the Upper West Side of Manhattan, or in Silicon Valley, and then imply that anyone else who is complaining in the rest of the country is ignorant, a malcontent, or just whining.

We have been hearing this sort of nonsense for some time now from the establishment cronies of both parties.  Like all elites who have become insular and out of touch throughout history, the fortunate few have stopped listening to anything outside of their own circles, and have little attention or tolerance for dissent from their group thought.

And I suspect that the DNC power players, led by their poster child HRC, would like to take the support of the Sanders faction for granted, counting on fear of Trump to beat them into line. And so the very comfortable Wall Street wing of the Democrats will eventually toss their progressives under the bus, and try to garner more endorsements from disaffected establishment Republicans and their big money sponsors. After all, this has been Obama'smodus operandi for the past eight years.

One gets the distinct impression that political party powers are not particularly interested in real reform, or equal justice, or relief to the many disadvantaged from an increasingly corrupt and broken system.  Rather, they want to climb on board the upper decks of a foundering ship and get a piece of the action from the existing dirty, rotten system for themselves. They may talk the talk of justice and compassion, but in their hearts their guiding principle is 'greed is good.'

Let's see if that overreach gets an unexpected reaction, sooner rather than later. But as some point there will be one.

Stocks caught a lift today after an edgy bout of light selling in the early trading, as all eyes are on the economic news, but especially that instrument of institutional privilege, the FOMC which will be making its announcement on Wednesday. 

Have a pleasant evening.

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