The Great Debate
Get out your pitchforks, Democrats! A showdown over populism is coming.
The core of the problem is the decline of Democratic support among white working-class voters. White voters without a college degree made up 36 percent of the midterm electorate this year. They voted nearly 2-to-1 Republican.
1. The Obama boom will finally arrive. Only it will be more like a boomlet.
Americans have been waiting for the boom since they elected President Barack Obama in the teeth of the 2008 financial meltdown. After all, we elected Ronald Reagan during an economic downturn in 1980, and by his second term, the economy had turned around (“Morning in America”). We elected Bill Clinton in an economic downturn in 1992, and by his second term, the economy had come roaring back (the “dot-com boom,” now known as the “dot-com bubble”). Now we’re deep into Obama’s second term. Where’s da boom?