Their objective was to create a wealth effect in the minds of voters. They succeeded, not by deception, but by very accommodative monetary and fiscal policies, (at least I hope that is the case).
Do not be surprised, however, if there are downward revisions in these numbers next month or the month after, once the election is completed.
“A record-breaking supermoon will brighten the night sky later this month (November 14). The November full moon is not only the closest full moon of 2016, but also the closest full moon since 1948.” – Doyle Rice, “November Supermoon to be Biggest in Nearly 70 Years,” The Arizona Republic, November 4, 2016.
Since 1948? Wasn’t that the election won by Harry Truman that stunned the world, as he was the unanimous underdog, according to polls, in the race against Republican Thomas Dewey?
“You can’t get rich in politics unless you are a crook.” – Harry Truman, USA president, 1948-1952, “Letter to Editor,” by Jim Dunlap of Newport Beach, CA, Wall Street Journal, November 3, 2016.
杜鲁门当总统的那个时代已远。不当骗子也能GET RICH IN POLITICS。
It’s been a long time since Harry Truman was president, and politics has radically changed from being a career in service to the people, to a pathway to immense personal enrichment of oneself and one’s friends. I realize that is cynical, but it also appears to be the case as more and more people flock to a career in government, where both opportunities and benefits are much more promising than in the private sector. Job security is also greater in government than say, working for oneself. There is very little incentive for young people to start their own businesses, to become entrepreneurs. That cycle is likely to continue through the remainder of this decade, as the Age of Cynicism, and distrust in government (despite its financial opportunities), peaks.
2017 may offer a break from all of this cynicism and distrust in world leaders and the political process. My research for the Forecast 2017Book suggests that whoever wins the election this week in the USA will do a rather good job of regaining some of that lost trust during their first year in office. It is as if they will “play it safe,” and avoid appearances of corruption and conflicts of interest. Unfortunately, this same research and analysis also suggests that this is only temporary, and the old patterns of bad behavior, leading to public mistrust and cynicism, will likely return in late 2017 and last into 2020. You can only act out of character for so long.
Enjoy the break while you can.