“Democrats say the tax bill being pushed by Republicans desperate for their first big legislative accomplishment could blow up on them just as the health care bill cost Democrats.”
The above quote comes from an article in The New York Times yesterday, which compared the 2010 Scott Brown + ACA combination to the Virginia + Tax Reform combination today, concluding that the GOP is in for a rough 2018 after forcing thru unpopular legislation. Akin to folks in the investment business looking over their shoulder for the next financial crisis in the years following the Great Financial Crisis of 2008, former President Obama’s reign was so starkly politically disastrous that it is only natural for pundits to look for the “next Obama”. Based on historical precedent, a weak GOP showing in 2018 is to be expected; the question is whether the weakness will continue over the next 7 years.
The global anti-establishment movement currently, firmly, in place tells me the “Basket of Deplorables” Leftist platform will not last much beyond the 2018 midterms, particularly juxtaposed with the robust policy implementation of the highly jobs-oriented Trump Administration. But who knows: I could be underestimating the anti-Trump sentiment beneath the surface, as well as overestimating the validity of the principle that in the long-term “it’s the economy, stupid.”