Most Americans wouldn’t consider a banking titan a spokesman for the common man. But give
JPMorgan Chase CEO Jamie Dimon credit for putting his pinkie finger on the phenomenon—the divide—that best explains today’s unsettled political environment.
In an interview Wednesday with CNBC, Mr. Dimon took issue with a disconnected liberal elite that scorns “MAGA” voters. “The Democrats have done a pretty good job with the ‘deplorables’ hugging on to their bibles, and their beer and their guns. I mean, really? Could we just stop that stuff, and actually grow up, and treat other people with respect and listen to them a little bit?”
The powerful, the intellectual and the lazy have long said that the “divide” in this country is between rich and poor. They divvy up Americans along traditional lines related to wealth—college, no college, white-collar, blue-collar, income—then layer on other demographics. This framing has given us the “diploma divide” and the “new suburban voter” and “Hillbilly Elegy.” It’s sent the political class scrambling to understand Donald Trump’s “forgotten man”—again, defined economically.
That framing fails to account for the country’s unsettled electorate. There’s a better description of the shifts both between and within the parties, a split that better explains changing voter demographics and growing populist sentiments. It’s the chasm between a disconnected elite and average Americans. This is becoming a them-vs.-us electorate and election. Political candidates, take heed.
This gulf is described by unique new polling from Scott Rasmussen’s RMG Research, conducted for the Committee to Unleash Prosperity. Mr. Rasmussen says that for more than a year he’d been intrigued by consistent outlier data from a subset of Americans, which he later defined as those with a postgraduate degree, earning more than $150,000 a year, and living in a high-density area. Mr. Rasmussen in the fall conducted two surveys of these “elites” and compared their views to everyone else.
Click here to read the full article on the Wall Street Journal.