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“It’s Time To Reassess Our Way Of Voting” Howard Marks Dashes Bipartisan “Wishful Thinking”

Tuesday, November 8, 2016 11:50
% of readers think this story is Fact. Add your two cents. / by Tyler Durden / Nov 8, 2016 9:31 AM

Somewhat despondently, Oaktree Capital’s Howard Marks begins his latest letter to investors by noting that “the outcome of the election won’t change these things as far as I’m concerned.”

Angry Voters 

Of course, the big story of this election year has been the unprecedented, unconventional rise of Donald Trump.  Trump threw his hat into the ring with a complete lack of experience in elected office or other public service, and without an established campaign organization.  In fact, he had no established party’s ideology.  He adopted some Republican elements but rejected others.  And yet he has been able to attract a large group of voters, probably about 50 million strong.

He did this by assembling backing from an unusually diverse mix of elements.  These included dedicated Republicans who weren’t about to vote for a candidate of another party; the many Clinton haters who’ve had 24 years to gel since Bill’s first inauguration; people who were attracted to Trump’s celebrity, reputation for business success, outspokenness and colorful manner; and supporters of the right.  But this tells only part of the story.

The aspect I consider most important for the future relates to the Trump supporters – and some of the most active and vocal ones – who are motivated by an anger regarding “the system” that is neither purely emotional nor illegitimate.  


The post “It’s Time To Reassess Our Way Of Voting” Howard Marks Dashes Bipartisan “Wishful Thinking” appeared first on Silver For The People.


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