from Gary Younge:
Racism’s role should not be underplayed, but its impact can arguably be overstated. While Trump evidently emboldened existing racists, it’s not obvious that he created new ones. He received the same proportion of the white vote as Mitt Romney in 2012 and George W Bush in 2004. It does not follow that because Trump’s racism was central to his meaning for liberals, it was necessarily central to his appeal for Republicans.
There is a deeper connection, however, between Trump’s rise and what Obama did – or rather didn’t do – economically. He entered the White House at a moment of economic crisis, with Democratic majorities in both Houses and bankers on the back foot. Faced with the choice of preserving the financial industry as it was or embracing far-reaching reforms that would have served the interests of those who voted for him, he chose the former.