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Paul Krugman destroys the media myth that Trump voters have economic anxiety: It’s about race

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Nobel-winning economist Paul Krugman shot down the idea on Thursday that Donald Trump’s supporters are motivated by economic concerns.

“Ultimately, it’s about race,” he told CNN’s Christiane Amanpour. “You cannot understand anything that’s happening in this election and US politics without seeing it as — unfortunately, a fairly large fraction of Americans who don’t like the fact that we’re becoming a multiracial, multicultural country.”

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“They think that eats into their economic opportunity?” Amanpour asked.

“It eats into their identity,” said Krugman. “It’s really not about economics.”

Krugman added that in his circles, “economic anxiety” has become “kind of a joke slogan” when discussing Trump voters’ ideologies.

“That is fascinating,” she said. “The conventional wisdom is that it is all about economic hardship, and you’re saying no.”

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“There is economic hardship,” Krugman replied. “West Virginia is not a happy place. But, mostly, we wouldn’t be as resistant to good news if weren’t really about something else. And it’s really mostly about race.”

Watch footage from the interview, as aired on Thursday, below.

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Longtime GOP strategist explains why his party is getting crushed in the war of ideas

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Republican strategist Stuart Stevens on Wednesday warned the GOP that Sen. Elizabeth Warren (D-MA) might not be a pushover candidate against President Donald Trump in 2020.

Writing on Twitter, Stevens admitted that he had "no idea" if Warren would beat Trump next year, but he did say that "Trump and supporters are destroying [the] credibility of any center-right argument" thanks to Trump's "corrupt and unstable" governance.

When one of Stevens' followers said that Warren would not be able to fulfill her promises just by taxing the wealthy, he countered that this idea is still more popular than anything Republicans are championing.

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Elections 2016

Japan wants to dump Fukushima radioactive water into ocean

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Japan's top government spokesman slapped down the environment minister on Tuesday after he said there was "no other option" but to release radioactive water from the crippled Fukushima nuclear power plant into the ocean.

"It is not true that we have decided on the disposal method," Chief Cabinet Minister Yoshihide Suga told reporters after Environment Minister Yoshiaki Harada's comments earlier in the day.

The operator, Tokyo Electric Power Co. (TEPCO), is storing more than one million tonnes of contaminated water in tanks at the site of Fukushima Daiichi Plant that was wrecked by the 2011 earthquake, tsunami and nuclear meltdown.

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Here’s one big reason why Trump is having a white-hot meltdown over the Fed not dropping interest rates

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President Donald Trump has a personal conflict-of-interest that may be impacting his decisions in his public feud with Federal Reserve Chair Jerome Powell.

"President Trump stands to save millions of dollars annually in interest on outstanding loans on his hotels and resorts if the Federal Reserve lowers rates as he has been demanding, according to public filings and financial experts," The Washington Post reported Saturday.

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