This is the Cato Daily Podcast for Wednesday, November 9, 2016.

I'm Caleb Brown.

President-elect Donald Trump scored a stunning victory in the Electoral College

to defeat his opponent Hillary Clinton.

But what does that mean for policy and the reckoning the Democratic and Republican

parties need to have?

David Bose is Executive Vice President at the Cato Institute.

He discusses the surprising end to this very strange election.

Well, I'm as surprised as everybody else, and in fact, I'm kind of stunned and traumatized.

I just never thought he was a serious presidential

candidate. I was stunned that he stayed in, that he won the primaries, that he got the

nomination, that the Republican Party stood by and let it happen, and all the polls

said he couldn't win, and so I am totally surprised and still processing.

A lot of this seems to have to do with lower income people in generally more rural states

coming out.

Yes, I guess that's true. There are statistics saying that the average

Trump voter has a higher income than the average American, which I suppose is to be

expected because A, they're voters and B, they're voting Republican.

Still, it seems like he did better in rural areas where people are less likely to have a college education.

In fact, I believe the county in Kentucky that had voted Democratic for the longest time in America,

136 years, went for Trump.

It's a county that's 99% wide and 85% not college educated.

...