By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/05/2026But - as Bjarnason writes - this didn't start with Trump. As ever, Trump is as much an effect as a cause, and the most important cause of Trump is the conversion of America into a financial economy, which started under Reagan. 16/ 1435
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/05/2026It was only finalized by Obama, who let the Wall Street looters who destroyed the world economy walk away unscathed, even as they stole the homes of millions of Americans: web.archive.org/web/20170130... 17/web.archive.orgHow Barack Obama paved the way for Donald Trump | Gary YoungeDon’t blame it all on racism. During the financial crash Obama sided with the bankers, not people losing their homes – making Trump’s victory possible 35510
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/05/2026Financial economies "suck the air out of the rest of the economy and make it less competitive." Keeping billionaires in megayachts comes at the expense of "research, education, infrastructure, and healthcare." 18/ 15512
Peter Butler @peter-butler.bsky.social · 16/05/2026NAFTA (Clinton) and the Wall St Bailout (Obama) were a devastating one-two punch in favor of industry over people In combination with welfare “reform” and more prisons :( it was depressing in those years because we knew the natl populists were coming (i still thought we’d agree on climate. oops) 010
Silversalty @silversalty.bsky.social · 16/05/2026Obama was the chance for America to return to being the people's nation. But he was never 'the change you can believe in.' He was the time critical fraud. And he's still a damaging factor on race and ethnicity. Which is why the Dem establishment keeps pushing him. 000
