It’s Still the Economy, Stupid

Republicans are licking their wounds after this Tuesday’s ballot box defeats. But there is a lesson to be learned here. The various elections in New York City, New Jersey, and Virginia, viewed collectively, reminded us yet again of a perennial political truth: Americans still care first and foremost about their wallets.Culture war-type issues often generate the most salacious headlines – and many of the Trump administration’s fights on these fronts, such as immigration enforcement and higher education reform, are just and necessary. Still, the economy remains the top political issue. Unless Republicans get more serious about advancing an actionable economic agenda to provide real relief to middle- and working-class Americans, they risk losing even more ground in next year’s midterm elections.When voters went to the polls this week in New York City, New Jersey, and Virginia, they were often asking the simplest, most urgent questions: Can I pay the rent? Can I fill up my truck at the pump? Can I fill the fridge? Will my job still exist next year? Do I have reliable health care for my children?Across too many districts and communities, those answers remain uneasy. Inflation, while well down from its Biden-era peak, is still stubbornly higher than the Fed’s 2% target. Purchasing power is still eroded, and cost-of-living anxieties persist for far too many.For Republicans, this is both a warning and an opportunity. Despite a concerted effort in recent years to rebrand as the party of the common man, including but hardly limited to the Teamsters president, Sean O’Brien, getting a coveted speaking slot at last year’s Republican National Convention in Milwaukee, too many voters still associate the GOP with tax cuts for the donor class and a general indifference toward the tens of millions of Americans who live paycheck to paycheck.That’s the blunt truth. The perception of corruption in some of the highest corridors of power in Washington, especially when it comes to the influence wielded by the uber-wealthy emirate of Qatar, doesn’t exactly assuage voters’ concerns. If the GOP wants to regain the public’s trust, it must present a compelling vision of what a sound conservative economic stewardship entails in the 21st century.That redefinition begins with a renewed focus on work, dignity and resilience. The Republican Party must build an economic narrative that centers on taming inflation, boosting wages, rebuilding America’s industrial base, and greater health care security for the paycheck-to-paycheck class.Conservatives should pursue a pragmatic economic nationalism – one that ties together trade policy, manufacturing, energy production, workforce development and family formation. All proposed economic policies must be explained in concrete, local terms. The relevant questions each and every time should be: How does this policy tangibly benefit the common man, and how can the policy be messaged so that the benefit is clearly understood?The voters Republicans need to reach are not tuning in to wonky policy seminars. They want results: lower energy bills, affordable groceries, job security, and an economy that rewards hard work. The GOP must speak directly to these priorities with honesty and humility.If economic anxiety persists through next fall’s midterms, voters will punish whichever party appears more indifferent to their struggles. The Trump administration and Republicans across the country need to get to work fast.That means more Trump-signed executive orders, within the confines of the law, that can provide real economic relief and security to the working men and women of America. And it certainly means a concerted congressional attempt to bolster the economic prospects of the middle and working classes, perhaps through the Senate’s annual budget reconciliation process.Inflation must finally be tamed – including the Fed raising interest rates, contra Trump’s general easy-money instincts, if need truly be. Private health savings account access must be expanded and the ease of acquiring private health care must finally be divorced from the particular circumstances of one’s employment.More jobs and supply chains must be reshored. Concerns about child care affordability and parental leave availability must be addressed. And even more of our bountiful domestic energy must be extracted. These are just some of the various policies that voters might reward at the ballot box next fall.Our searing cultural battles will continue – and they matter, greatly in fact. But when a family can’t afford its groceries or gas, such debates tend to fade into the background. Republicans must rebuild trust with voters on the most fundamental issue in American politics – the promise of economic opportunity and security.It’s always dangerous to over-extrapolate and glean clear national lessons from a few local elections, such as those that were held this week. But all three of the biggest races – New York City mayor and New Jersey and Virginia governor – had final winning margins for Democrats greater than most polling suggested. That seems like a clear enough rebuke.Accordingly, the Trump administration and Republicans across the country must deliver real economic results on the real economic issues facing the American people. If they don’t present a compelling economic vision and execute that vision capably and efficiently, there likely will be even greater electoral damage next fall.That could all but doom the remainder of the Trump presidency. And what a disappointment that would be.Creators.com

It’s Still the Economy, Stupid

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