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John Harwood – These charts show how Democrats represent the growing modern economy – and how Republicans are left behind

Summary:
Well, I don't like the warmongering Democrats much, but they seem to represent a more robust and growing economy, while the Republicans win seats in the red rural states. This divide is slowing the US down, says John Harwood, but the Republicans won't let the government spend more money on the red states to bring them up to speed as the Democrats would like, for instance, by spending more money on training. Among other results, this year's midterm elections affirmed this much: in Washington, the two parties now speak for dramatically different segments of the American economy. Republicans represent the smaller, fading segment, with less-educated, more-homogenous work forces reliant on traditional manufacturing, agriculture and resource extraction. Democrats represent the larger, growing

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Well, I don't like the warmongering Democrats much, but they seem to represent a more robust and growing economy, while the Republicans win seats in the red rural states. This divide is slowing the US down, says John Harwood, but the Republicans won't let the government spend more money on the red states to bring them up to speed as the Democrats would like, for instance, by spending more money on training.

Among other results, this year's midterm elections affirmed this much: in Washington, the two parties now speak for dramatically different segments of the American economy.
Republicans represent the smaller, fading segment, with less-educated, more-homogenous work forces reliant on traditional manufacturing, agriculture and resource extraction. Democrats represent the larger, growing one, fueled by finance, professional services and digital innovation in diverse urban areas.
The 2016 presidential race had signaled as much. Donald Trump carried 2,584 counties across the country, but calculations by scholars at the Brookings Institution showed that the 472 counties Hillary Clinton carried accounted for nearly two-thirds of U.S. economic output.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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