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Le Pen Winning The Rust Belt

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Nationalist French presidential candidate is winning in France’s version of the “Rust Belt,” among lower-income disenfranchised workers.

Though Le Pen trails her globalist opponent Emmanuel Macron with one day to go until the election, her sizable lead in the working-class demographic presents further evidence that populist nationalism is resonating with those left behind by what President Trump calls “the false song of globalism.”

As Mike Doran points out, the unemployed working class is gravitating toward Le Pen, while international globalist elites like Barack Obama are flocking to defend her pro-European Union opponent.

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The Wall Street Journal reports : “Joblessness has remained persistently high in France since the 2008 global financial crisis. The latest nationwide figures say 10% of French workers are out of a job. Ms. Le Pen generally finds more support in areas with high unemployment, a look at the 96 départements of mainland France shows. However, she also finds some support in areas of lower-than-average unemployment. Mr. Macron’s support, in contrast, is heavily concentrated in areas of lower unemployment. In the 32 areas where unemployment is higher than average, only 3 were won by Mr. Macron in the first round of voting, the same number won by far-left candidate Jean-Luc Mélenchon. The remaining 26 were won by Ms. Le Pen. François Fillon, of the center-right Les Républicains, only won areas of lower-than-average unemployment.”

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Le Pen’s demographics predictably mirror those of President Trump’s Deplorable base and Nigel Farage’s pro-Brexit coalition in Great Britain.

Clearly, the populist nationalist movement led by Trump, chief White House strategist Steve Bannon, Farage, Le Pen, and Rome mayor Victoria Raggi has found a constituency. The question is: will that constituency become so beaten down by the rapidly advancing forces of globalism that it will never dare to rise again?

Big League Economics

Steve Mnuchin Secures Commitment Towards Trumpbux 2.0 $1,200 in Stimulus Negotiations

The Democrats are holding it up.

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Treasury Secretary Steve Mnuchin has received a commitment from House Majority Leader Nancy Pelosi on a second $1,200 stimulus payment towards American taxpayers, contingent on a broader deal with the Democratic majority in the House.

With an agreement on direct payments to taxpayers reached, Democrats are now holding up a second TrumpBux payment in an attempt to secure bailout pork for encumbered state and city governments. Republicans have already proposed two different stimulus packages, but the Democrats have shot down both, insisting upon a whopping $3.4 trillion package. Republicans upped the ante to a $1.4 trillion package after their first plan was rejected, but it’s still not enough for the Democrats.

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The priority should be payments to taxpayers and relief for real community small businesses that are struggling to compete with digital corporate monopolies in the atomized post-coronavirus world. Somewhere along the line, Democrats decided to make bankrupt municipalities the priority. Payroll support for the struggling airline industry is also a matter of contention in the negotiations.

A vote on a tentative stimulus package was planned in the House of Representatives on Wednesday, but it appears that plan has been postponed as Mnuchin and Pelosi continue to negotiate over the substance of the legislation. The size of the total package will most likely range between $2.2 trillion and $1.5 trillion, the proposals set forth by Democrats and Republicans respectively.

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