
© AP Photo/Joe RaedleIn this September 26, 2016 file photo, Democratic presidential nominee Hillary Clinton and Republican presidential nominee Donald Trump shake hands during the presidential debate at Hofstra University in Hempstead, New York.
The spectacular demise of the Clinton (cash) machine-captured, neoliberalcon Democratic Party, when faced to the Trump phenomenon, would necessarily entail a radical reorientation to appeal, once again, to its natural constituency - US labor and progressive reformers.
Michael Hudson forcefully
argues that's the only way out; "Are they to stand by and let the party be captured in Hillary's wake by Robert Rubin's Goldman Sachs-Citigroup gang that backed her and Obama?"
Hudson stresses that for
Democrats, it's back to good old "it's the economy, stupid", or nothing. A delicious contradiction applies. "It's the economy, stupid" happened to be Bill Clinton's top winning mantra in the go-go 1990s. In 2016, Bill Clinton was ostensibly ignored by the Podesta-handicapped (via WikiLeaks) Clinton campaign.
On top of it, according to Hudson, reversing the neoliberal obsession entails "going back to
Bill Clinton's pro-Wall Street administration" to finish the job. The only hope for the Democrats is "to do what Britain's Labor Party did by cleaning out Tony Blair's Thatcherites."
A New York business/investment source with extensive connections inside the US establishment who called the election for Trump weeks before the fact proposes a radically different approach.
"Trump should meet with Bill Clinton to go over his ideas on how to sponsor innovation which drives the economy into new industries that made the Clinton presidency so successful. He left office with a 65% approval rating despite the Monica Lewinsky scandal. Bill told me he created the dot.com era on purpose to finance innovative ideas, and did not care if 98% of the new startups failed, as long as the remaining 2% drove the economy upward. It was so successful that Clinton left massive budget surpluses that Bush Junior destroyed in mad wars. Can you imagine spending three trillion dollars to find one man in Afghanistan or imaginary weapons of mass destruction in Iraq?"
Comment: See also: If Trump lets neocons infiltrate his Foreign Policy Team they will undermine his entire agenda