Donald Trump makes election victory speech
: Not only by returning to the White House four years after his expulsion from it, but also by founding a new American political party in his own image.
Financial backing came from Hollywood, long affiliated with Democrats, and from Silicon Valley and Wall Street libertarians who combined liberalism on social issues with free-market conservative economics. During Obama’s first term, the Republicans regained control of the House, which they had lost in 2006. Obama’s Democrats suffered the highest losses in a midterm election since 1938. A “red wave” election inflicted further damage on them in 2014.
The Reagan Republican coalition devoted to free trade, mass legal immigration, “wars of choice” and entitlement cuts and hostile to organized labor, is no more. In its place, Trump and his allies have formed a new coalition based on strategic trade, limited immigration, skepticism about foreign military quagmires, defense of entitlements and outreach to labor union members.
2024 Presidential Election Barack Obama Democratic Party Donald Trump Republican Party
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