It Wasn’t (Just) the Economy, Stupid

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Paul Krugman: “What happened last night was no ordinary election. It was a mass affirmation that most Americans still believe in our nation’s basic values, and a mass rejection of a movement that wants to destroy everything our nation stands for. And no, it wasn’t just economic dissatisfaction.”“Yes, Trumpflation created by tariffs and the Iran debacle helped. But an election swung by public anger over high prices looks like 2024, when Trump won the popular vote by 1.5 percentage points. Last night Democrats appear to have won the popular vote by 13 -14 percentage points.”