The Coalition Of The Fringes Cracks
The journalist Steve Sailer memorably described the Democrats' coalition as a "coalition of the fringes"--groups that really don't have much in common with each other, such as affluent liberal Jews, Asians, recent third world immigrants, and inner city blacks. The only way for Democrats to keep them united was to promote practically nonexistent bogeymen such as white supremacists or fascists, or to pretend that the average white American who supports Trump is a white supremacist or a fascist.
The mass rallies in support of Palestinians in the wake of the Hamas attack on October 7th (but before Israel launched its siege of Gaza) have cracked this coalition, as we noted last week, with Jewish business titans like Bill Ackman leading a campaign to withdraw job offers from Hamas-supporting students.
Suddenly, virtue signaling is no longer costless. https://t.co/adrJzpPfk7
— Portfolio Armor (@PortfolioArmor) October 11, 2023
Now, some observers are highlighting the opportunity to drive a metaphorical truck through this coalition, and use its fracturing to roll back leftwing, antiwhite policies.
The Right's Opportunity
The Palestinian-American pundit Richard Hanania made this point in an X post this weekend:
Everyone on the right agrees that the establishment is anti-white now, but that it's tactically more acceptable to criticize them for being anti-Semitic.
Regular conservatives are being smart, understand that whenever you can hurt BLM and campus radicals, it's generally a good thing. Anti-whiteness and anti-Semitism and socialism all come from the same source, philosophy of losers.
Anti-semites on the right though prioritize their dislike of Jews, so sit around sulking, even take the Palestinian side.
Sulking is bad and doesn't get you anywhere. Calling out anti-white discrimination on the right has never been more acceptable, so things are moving in the right direction. But it'll have to ride the coattails of philo-Semitism. This is just reality.
Chris Rufo, arguably the right's most successful activist in recent years, made a similar point in this post on Friday:
Conservatives need to create a strong association between Hamas, BLM, DSA, and academic “decolonization” in the public mind. Connect the dots, then attack, delegitimize, and discredit. Make the center-left disavow them. Make them political untouchables.
— Christopher F. Rufo ⚔️ (@realchrisrufo) October 13, 2023
And finally, this thread continues the theme.
The main reason is the scale of the Hamas attack.
— David Pinsen (@dpinsen) October 15, 2023
It appears to be the 2nd-worst terrorist incident in history in terms of deaths (with 9/11 being the worst).
Terrorism death counts over 1,000 are extremely rare. 2/9https://t.co/JYcWTnlVvl
Most reported incidents in recent years were bomb threats called in by one mentally ill Jew in Israel. 4/9https://t.co/09ktlIN2iF
— David Pinsen (@dpinsen) October 15, 2023
The other takeaway here is that liberal Jews really believed their own propaganda about immigration, diversity, and the primacy of the threat of “fascism” until last week. 6/9 pic.twitter.com/Dv3o8v4f7N
— David Pinsen (@dpinsen) October 15, 2023
There’s probably also a recognition among liberal Jews and other high-IQ establishment types that affirmative action has gone too far… 8/9https://t.co/2gpNrGgINR
— David Pinsen (@dpinsen) October 15, 2023
And this is an opportunity to roll it back.
— David Pinsen (@dpinsen) October 15, 2023
They may even start rethinking their support for mass immigration too.
This is may end up being the anti-9/11, in that America takes the opposite tack after it (not importing more Muslims).
We’ll see.
9/9 https://t.co/P7T2NzaRom
Back To Business
We've got a jam-packed earnings calendar this week, and we're spending today going through it, looking for stocks to bet on, and stocks to bet against.
If you'd like a heads up when we place our trades, feel free to subscribe to our trading Substack/occasional email list below.
If You Want To Stay In Touch
You can follow Portfolio Armor on Twitter here, or become a free subscriber to our Substack using the link below (we're using that for our occasional emails now). You can also contact us via our website. If you want to hedge or see our current top ten names, consider using our website (our iPhone app is currently closed to new users).
