1. Exquisite Tweets from @matthewstoller

    PreoccupationsCollected by Preoccupations

    1. This tweet storm is going to be about why people have such a hard time understanding Trump. It's because they don't understand Obama.

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    Matt Stoller

    2. Trump is in many ways a pre-1930s Republican, uniting farmers, workers, and big biz behind tariffs and anti-immigration walls.

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    Matt Stoller

    3. Or at least that's his rhetoric. What he may do is impossible to know. He seems a lot like the anti-Treaty of Versailles irreconcilables.

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    Matt Stoller

    4. What people don't get is that the Dem Party he's facing is NOT the party of the New Deal. It is NOT the party of the people anymore.

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    Matt Stoller

    5. The party of the people was assaulted in the 1970s and killed over the next 20 years by the neoliberals. It died with Clinton's election.

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    Matt Stoller

    6. I documented the underlying ideological change here, from an anti-monopoly party to a pro-monopoly party: twitter.com/matthewstoller…

    Matt Stoller @
    My piece on why the Watergate generation rejected populism, embraced monopoly power, and destabilized politics... theatlantic.com/politics/archi…

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    Matt Stoller

    7. You can see this everywhere if you look. The leaders of the party are from NY and SF, the centers of concentrated monopoly capital.

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    Matt Stoller

    8. The revolt in 2010, 2014, and 2016 was largely rural. These were the final revolts that started in the early 1980s.

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    Matt Stoller

    9. Carter and Volcker wiped out farms en masse. Farmers in 1979 tried to shut down DC with tractors over high interest rate policies.

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    Matt Stoller

    10. Reagan, Bush amplified the financial concentration trend, and Clinton took it global. Obama in 2008 largely ran against this.

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    Matt Stoller

    11. Obama's campaign in 2008 was organized AGAINST monopoly. He said he'd renegotiate NAFTA. He beat Clinton in Iowa going after big ag.

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    Matt Stoller

    12. But he governed consistent with the ideology of the neoliberals. He broke his promises to stop this concentration.

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    Matt Stoller

    13. The foreclosure fraud epidemic caused mass suffering. The failure to jail any bankers were unjust. But they were part of a vision.

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    Matt Stoller

    14. This vision was that of technocracy, or a set of credentialed people who are smarter and better than you making key decisions.

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    Matt Stoller

    15. Deplorables, or fake news, or voters as ignorant are ideological statements - part of this vision of people as incapable of self-gov't.

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    Matt Stoller

    16. But this vision is NOT consistent with populism. It conflicts w/corruption as conflicts of interest, revolving door, privatization.

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    Matt Stoller

    17. Geithner, for instance, cheated on his taxes. Banks close to him saw a stock price boost when he was appointed. slate.com/articles/busin…

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    Matt Stoller

    18. He ran a foreclosure program designed to steal money from people and hand it to banks under the guise of helping avoid foreclosures.

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    Matt Stoller

    19. People who think that Trump was appealing to the working class solely based on their ignorance are ignorant of this track record.

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    Matt Stoller

    21. Until people are willing to internalize the policy framework of Clinton and Obama, they cannot rebut the arguments from Trump.

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    Matt Stoller

    22. Because fundamentally, Trump's pitch is that the rule of law is a joke and that having a strongman on your side is all that matters.

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    Matt Stoller

    23. This is now the attitude of the financial and business elite. That law is for little people. They can just hire smart lawyers.

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    Matt Stoller

    24. It is ALSO how the Clinton and Obama frameworks were organized. There is a difference though b/n them and Trump.

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    Matt Stoller

    25. The way that neoliberals deliver social justice is through the dole, or what we call Obamacare, transfer payments, job training.

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    Matt Stoller

    26. This is a variant of humiliating people with charity. It is explicitly not what the party of the people was about.

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    Matt Stoller

    27. Paul Krugman's "Let them eat transfer payments" is the slight of hand he always plays with events like Carrier.

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    Matt Stoller

    28. They are voting against their self-interest. But their self-interest isn't the dole! They want jobs! They want self-government.

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    Matt Stoller

    29. Trump is pitching not self-government, but a wall to protect them against neoliberals and a strongman to mock their enemies.

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    Matt Stoller

    30. It's not really what they want. Trump was not popular. But it's their version of the neoliberal deal of symbolic racial diversity.

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    Matt Stoller