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There is a huge class of persons, call them working-class or whatever you want, that have been globalization losers, and have not been represented for 40 years in Washington. These are the "bitter" voters. And Obama was right. They are bitter. I know some of these people. Some are my siblings, who are not in the best jobs in the world. They are VERY unhappy.
And the assholes who support Hillary, and Hillary herself, are trying to use the less-than-artful manner in which Mr. Obama spoke truth to damage him. This is a Republican strategy. Hillary is supposedly a Democrat.