More bad economics from the White House |
Democrats won nearly all of last November’s off-year elections by successfully weaponizing the term “affordability.” Inflation is down from Biden-era levels, but it is still too high. The middle class has been hit especially hard by the price of necessities such as utilities and groceries, and leftists, including avowed Marxist New York Mayor Zohran Mamdani, have outmaneuvered the Republican Party on the economy as the White House defended its tariff regime and downplayed the economic woes of working-class Americans.
The White House ought to take November’s losses as an opportunity to ditch failed interventionist economic policies and counter the Left’s pie-in-the-sky socialist rhetoric with free-market solutions that lower the cost of essentials and put money back in voters’ pockets. Instead, it has chosen to embrace the Left’s debunked premise that prosperity can be achieved through 20th-century-style big government action. According to White House press secretary Karoline Leavitt, President Donald Trump reached out to Sen. Elizabeth Warren (D-MA) to discuss affordability.
“I told him that Congress can pass legislation to cap credit card rates if he will........