America

Submitted by Peter Schiff via Euro Pacific Capital,

In his seventh, and final, State of the Union address this January, President Obama, clearly looking to bolster his legacy as the president who vanquished the Great Recession, boldly asserted that “Anyone claiming that America’s economy is in decline is peddling fiction.”  Unfortunately for the President, more and more Americans seem to believe (with an adequate basis in proof) that the fiction is emanating from the White House.  

It just keeps getting worse for the GOP establishment.

The harder the Republican aristocracy tries to derail Trump, the more convincing his victories become, in a kind of self-fulfilling, status quo-destroying loop, and now that Michigan has proven just how divided the Democratic vote truly is, it seems even more likely that the brazen billionaire may indeed end up taking the oath of office.

If the establishment had its way, America would be no country for angry white men. As WSJ reports, Tuesday’s primary elections underscored an emerging, central reality of the 2016 presidential campaign: This is the year of the dissatisfied white male.

Those white males are the voters who propelled Donald Trump to convincing victories Tuesday in Michigan and Mississippi, as they have elsewhere. And, as The Wall Street Journal reports, they may determine whether he can roll on next week in a series of big industrial states.

• Angry White Males Propel Donald Trump—and Bernie Sanders (WSJ)
• Trump Beats Back Attacks and Tightens Hold on Primary Race (BBG)
• Fed Likely to Stand Pat on Rates, Keep Options Open for April or June (Hilsenrath)
• Draghi Stimulus Fails in Stock Market as Swings Match 2008 (BBG)
• Sabine Oil wins pipeline ruling in a blow to pipeline operators (Reuters)
• U.S. Officials Propose Test Program Aimed at Lowering Medicare Drug Costs (WSJ)
• Death of a Shale Man: The Final Days of Aubrey McClendon (BBG)

A reader who is a college professor writes: