At a rally in Nevada, Barack Obama offered a blistering new warning: Trump’s vows to persecute the “enemy within” should be taken with deadly seriousness. Trump’s displays are deeply dangerous in someone who would be president with no guardrails left. Yet even now, a sizable subset of voters just doesn’t take his threats seriously. We talked to veteran analyst Michael Podhorzer, author of a good new piece warning that we’re “sleepwalking our way to fascism.” He explains how this election could come down to whether those voters grasp the threat Trump poses—exactly what Obama seemed to be saying—and criticizes the media for failing to sound the alarm.  Learn more about your ad choices. Visit megaphone.fm/adchoices