There have been a whole lot of bad takes on the GameStop stock surge this week, but you have to hand it to CNN’s Chris Cillizza: Even with all that competition, he managed to come up with the single worst analysis of the situation. In an article on the stock’s 700% surge over the last couple of weeks – a surge largely driven by Redditors who realized that hedge funds were shorting the stock to the point where they were borrowing shares that didn’t even exist – Cillizza made the case that “Trumpism” is behind the unprecedented turmoil.
“At the core of Donald Trump’s angry populist appeal was — and is — this sentiment: ‘The elites think they know better than you. They think they can tell you how to live and what to believe. But guess what? We the people are smarter than the elites!'” Cillizza wrote.
“What made Trump’s argument so potent, politically speaking, is that he wasn’t just calling out the elites,” he continued. “He was saying that Average Joes needed to rise up and actually show them how wrong they were — that voting him for him was the best way to express their anger and frustration with the condescension of their alleged bettors. Donald Trump offered himself up as a collective middle finger to the elites. And he won.”
Cillizza, no doubt coached by the economic experts at CNBC, assured us that there is “no real point” behind the WallStreetBets crowd buying up GameStop stocks “beyond showing up the pros – proving to them that they aren’t as smart as they think they are and that they don’t have the ability to control everything. Which, again, has its roots in Trumpism.”
Uh-huh. Until Donald Trump, no one ever thought about sticking it to the man. How old is Chris Cillizza, anyway?
“The entire notion of Trump’s candidacy and presidency was to stick it to the elites,” Cillizza wrote. “And then, well, uh, there wasn’t really a plan beyond that. The screwjob was the point. That strategy has massive limits. It’s not a solution to any problem. It’s just a way to express frustration, anger and a feeling of helplessness.”
We’d love it if Cillizza could explain the “plan” behind burning down neighborhoods in Minneapolis or abolishing the police, but we’re sure those are different because…reasons.
We’re not going to pretend we’re experts on the details of what’s happening with the whole GameStop situation, but we’re pretty confident that it doesn’t have anything to do with Donald Trump. But then, when your entire career has been repositioned to take advantage of the clicks and views that Trump provides, we suppose that this kind of essay is inevitable.
At least he didn’t blame it on racial injustice or transphobia, although we’re sure that some idiot at Salon is typing those up as we speak.