Off-year election results are never a cause for panic, but they are a relevant data point. There is no denying that Tuesday’s election results were uniformly bad for the Republican Party . Democrats won governor’s mansions in two Democratic states, New Jersey and Virginia , a self-identified socialist won the New York City mayor’s race, another Democratic stronghold, and Democrats won a state-level office in Georgia for the first time in 20 years.

For all of President Donald Trump ’s other successes, voters believe Trump has not delivered on his promise to lower the cost of living. This was the top issue for voters according to exit polls in every race. Trump’s successful deregulation efforts aside, his unilateral tariff regime has raised more than $100 billion in reven

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