It’s the Inflation, Stupid
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Franklin D. Roosevelt, scion of one of the wealthiest families in American history, was worth about $67 million in today’s dollars. He attended the prestigious Groton boarding school, Harvard College and Columbia Law. He was relatable to the masses despite his privileged background. In the words of a PBS documentary, he was “a patrician who spoke the language of the dispossessed.” Bill Clinton, on the other hand, had every tool he needed in order to connect with ordinary voters. He grew up poor in rural Arkansas with his mother and abusive alcoholic stepfather. When he ran for president he was the lowest-paid governor in America, not even bringing in $40,000 a year. He deployed the common touch he picked up via his background during his successful election campaign. As president, however, he succumbed to the D.C. bubble, initially prioritized the right of gays to serve in the military, and pushed a convoluted healthcare plan and disastrous trade deals…
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