BySteve Forbes,
Forbes Staff.
The high—and rising—cost of living hurt Republicans in the recent elections, which bodes ill for the GOP in the 2026 midterm congressional races next year. Republicans are in panic mode. Voters are blaming them for high prices. It’s true much of that is the result of Joe Biden’s disastrous policies, but as incumbents, the GOP owns the economy now.
What they must not do is fall into the trap Biden fell into and blame businesses like beef processors and pharmaceutical companies. They would sound no different than Senator Elizabeth Warren (D–MA) and New York City’s incoming, neo-communist mayor Zohran Mamdani.
Voters wouldn’t be impressed.
