‘It’s the Economy, Stupid’: How a Political Meme Toppled a President and Could Do It Again
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal Senior Contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos.
Hello, this is Victor Davis Hanson for The Daily Signal. I’ve talked about affordability, this new meme, this new theme that the Democrats are using against the Trump administration.
They have belatedly responded to it, as I pointed out earlier. Perhaps because they thought it was sort of absurd when the 21.5% aggregate inflation came under President Joe Biden. And their inflation rate that they inherited in the month of January was 3%—it’s already gone down. It’s 3%-2.7%. Gas is cheaper, etc.
So, I don’t think they took it seriously that anybody would believe that the people who caused the problem would blame the people who are trying to clean it up. And four years the problem, 10 months the cleanup?
And then I think they thought their foreign policy successes would mitigate any criticism. In fact, they amplified it because the Democrats said: You’re all involved with these ceasefires or........





















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