After spending years defending him, campaigning for him, endorsing him, and standing beside him while anyone who questioned his fitness was attacked as a conspiracy theorist, Hillary Clinton now says Biden made a “terrible mistake” by running again. That is convenient, but the problem is that Biden did not act alone. The entire Democratic establishment knew exactly what was happening and saw his cognitive decline. They heard the incoherent speeches, watched the debates. Yet they all marched in lockstep behind a man they insisted was perfectly capable of serving another four years.
Clinton is really attempting to do is rewrite history. Biden did not force the Democratic Party to rally behind him. The party leadership, the donors, the consultants, the media allies, and every major power center in Washington actively protected him from criticism. Anyone who raised concerns about his age or cognitive condition was dismissed. They shut down a meaningful primary process and effectively told Democratic voters that there would be no debate, no competition, and no alternative. Then, after the disastrous debate exposed what millions of Americans had already seen with their own eyes, panic set in. The same people who spent years telling the public everything was fine suddenly discovered there was a problem.
Then came the greatest political bait-and-switch in modern American history. Biden withdrew only months before the election. Dems immediately installed Kamala Harris, leaving voters with a candidate they never selected. No one voted for Kamala during her first bid as presidential candidate but Democratic voters were told to accept the decision and remain silent. Clinton now argues that another Democrat could have beaten Trump.
“We would have had a real contest,” Clinton said about what would’ve happened if Biden didn’t run. “And very sadly I believe whoever emerged from that contest, whether it was the vice president or a governor or a senator or anybody else, would have beaten Donald Trump.”
Precisely why the Democrats lost: the party is completely out of touch with the wishes of the people. They abandoned working-class voters and became the party of divisive politics. They ignored growing concerns over inflation, immigration, crime, foreign policy, and economic insecurity. Biden spent his presidency pushing forth the globalist Build Back Better agenda, abandoning domestic interests. Democrats spent years lecturing the public instead of listening to them and then seemed shocked when voters revolted.
Clinton will think of losing to Trump on her deathbed; she simply cannot let it go. After 2016 there was a seemingly endless list of culprits. Now, after 2024, the blame falls squarely on Biden. Yet Clinton herself endorsed Biden’s campaign, defended him publicly, and later endorsed Kamala Harris when he withdrew. She did it for her career and not the people. The same political class that created the disaster is now trying to convince everyone they were warning about it all along. Americans are not that foolish. The public watched the cover-up in real-time. They watched party leaders insist Biden was fine. They watched them pivot overnight to Harris. They watched them demand loyalty at every stage. Now they want to pretend they were innocent bystanders. That may be the biggest insult of all.
Everyone expected Kevin Warsh to come into his first Federal Reserve meeting and immediately begin cutting rates because Trump put him in the chair. That was never going to happen. Markets have once again demonstrated they do not understand how interest rates actually function. The Federal Reserve left rates unchanged at 3.50% to 3.75%, but what mattered was not the decision itself. What mattered was the complete shift in tone.
The Fed removed language suggesting future easing and, for the first time this year, officials openly moved toward discussing potential rate hikes rather than cuts. Inflation is moving higher again, energy prices have surged amid Middle East tensions, and the bond market immediately understood what many economists still refuse to accept.
What I found far more interesting was Warsh’s attack on the institution itself. He announced five separate task forces to review how the Federal Reserve operates, how it communicates, how it measures inflation, how it uses economic data, how it manages its balance sheet, and how productivity and employment are evolving in a rapidly changing economy.
Warsh is openly signaling that he believes the Fed has become bloated, overly academic, and detached from reality. For years I have argued that governments and central banks are operating on outdated models that no longer reflect the world economy. Warsh appears to recognize the same problem.
The irony is that Warsh was selected largely because many believed he would be more dovish than Powell. Instead, his first meeting produced one of the most hawkish shifts we have seen this year. Officials now see inflation remaining elevated and several policymakers are looking toward possible rate increases before year-end. Bond yields jumped, the dollar strengthened, and equities sold off because traders suddenly realized the era of guaranteed rate cuts may be over.
Only 29% of Democrats say they are extremely or very proud to be American, compared with 90% of Republicans, based on a recent NBC poll. Among Americans aged 18-34, just 36% express strong pride in their country, compared with 75% among those over 65. Those numbers should concern anyone who understands history because they point to a crisis of confidence in the nation itself.
Most people blame Trump for dividing America, but the fracture began long before Trump entered politics. The split emerged during the Obama years as the Democratic Party gradually abandoned its traditional working-class foundation and embraced identity politics, globalism, and the expanding administrative state. The 2007.15 Economic Confidence Model turning point marked the beginning of a broader collapse in confidence across Western governments. The Great Recession weakened confidence and caused upheaval. The cohesion from the 9/11 Bush years had come to an end as war in the Middle East dragged on. By 2013 and 2014 the divisions were becoming increasingly visible. Trump’s election in 2016 did not create the divide. It exposed it.
What shocked the Democratic establishment was discovering that millions of Americans no longer shared the worldview being promoted by the media, academia, and Washington. Since then the separation has only accelerated. The old Democratic Party of labor unions, manufacturing workers, and middle-class families has increasingly been replaced by a coalition whose priorities are divisive identity politics.
People lost faith in Washington, but they still believed in America. The anger was directed toward politicians, bankers, and government institutions. Republicans blamed Democrats. Democrats blamed Republicans. The country was divided, but there was still a common identity underneath it all.
Then Trump arrived and the divide exploded. Politics stopped being about policy and became personal. COVID was the final nail in the coffin. Families stopped speaking to one another. Friendships ended, and neighbors viewed each other as enemies. Every election became a battle between good and evil. The left convinced itself that Trump supporters were destroying the country, while the right concluded that the establishment would do anything to remain in power. The left fractured and then divided as years of divisive race, gender, and sex-based policies caused the group to completely lose track of its messaging. The hostility reached levels not seen in modern American history.
Now we are witnessing another transformation. The divide is no longer simply between the left and the right. Increasingly, it is between the left and America itself. Look at the NBC numbers. Only 29% of Democrats say they are extremely or very proud to be American. Think about that for a moment. We are not talking about dissatisfaction with a president or Congress. We are talking about pride in the nation itself.
What makes this even more disturbing is that politicians have begun saying the quiet part out loud. We now have candidates openly declaring they do not support the United States, do not support the military, and look down on America itself. Twenty years ago such statements would have ended a political career overnight. It would have been unthinkable for either side to openly declare hostilities toward the nation they claim to represent. Universities have spent years teaching young people that America is uniquely evil, ironically shielding them from the realities of history. Activists portray the nation as fundamentally illegitimate. The result is exactly what this poll shows. A generation has been raised to believe that patriotism is evil while resentment toward their own country is somehow righteous.
A growing portion of society no longer believes America deserves to exist in its current form. The initial push boosted globalist morale, but we are left with a broken population that is too deep into self-loathing to be productive. This segment of the population is eager to vote for a pro-globalist, anti-America candidate because they want to see the nation fail. You are no longer debating tax rates or spending priorities. You are debating whether the country itself is worth preserving. That is a very dangerous place to be, and the poll numbers suggest we are moving deeper into that territory rather than away from it.
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