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WSJ Editorial Board: THE TRUMP RECKONING ARRIVES

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DiabloWags
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Republicans emerged from their victory in 2024 with a rare chance to advance the cause of conservative reform and consolidate a new majority coalition. Voters rendered a crushing verdict Tuesday on their missed opportunity by sweeping them from power in the House and Senate.

Republicans may console themselves that midterm defeats in second presidential terms are common. But this was more than a normal defeat. The loss of Senate seats and governorships in states that had become GOP redoubts will have ramifications for years to come. So will the cascading losses down ballot in state legislatures.

True to form, President Trump is already blaming everyone else, but he is the main architect of this rout. He'll say the Senate didn't break the filibuster or pass his Save America Act. But neither would have saved the GOP this year, even if there had been enough votes to do either. He'll blame Karl Rove and Texas Sen. John Cornyn for the shocking defeats in the Lone Star State, but failed Senate candidate Ken Paxton was his manand his choice helped bring down Gov. Greg Abbott too.

Mr. Trump is directly responsible for at least three Senate defeats: Mr. Paxton when he could have endorsed Mr. Cornyn instead; North Carolina, where he drove Sen. Thom Tillis from running for re-election; and Darline Graham, whom he pressed to run to replace her late brother, Lindsey Graham, despite her lack of political experience or policy knowledge.

Throw in Georgia, where his war on other Republicans divided the party and kept Gov. Brian Kemp from running for Senate. Mr. Trump has now helped Democratic Sen. Jon Ossoff win twice, first with his special-election fiasco in 2021.

More broadly, the President's erratic and self-indulgent second-term governance has alienated much of the coalition he assembled in 2024. He won a second term on the promise to repeat the economic success of his first. But this time he insisted on imposing universal tariffs, often willy-nilly, that have raised prices for many goods and been especially damaging in Iowa, Kansas and the Farm Belt. His senseless trade war with Canada hurt Republicans in Michigan, Maine, even Texas.



. In the first term he stuck mostly to the traditional GOP policy mix of tax cuts and deregulation, with a smattering of tariffs. It worked. In the second he went all-in on tariffs in April 2025, and even after his tariff defeat at the Supreme Court he continued to impose them in different ways. The public didn't approve from the start, and among Hispanics the disapproval for tariffs in October was 81%.



As former Sen. Phil Gramm warned on these pages, Republicans have suffered many similar defeats over the decades when they have resorted to tariffs. Oof, they did it again.

The Iran war added to the cost problem on fuel prices in particular. But the bigger trouble with the war is that Mr. Trump has never explained his strategy or been consistent in his war aims. He changed, sometimes by the day, on whether peace or more war was at hand. Voters have stopped supporting the war because they aren't sure Mr. Trump knows how to win it.

Voters also rebelled against Mr. Trump's seeming preoccupation with his pet personal causesthe ballroom, the archand how he and his family have grown richer during the second term. No less than 88% of voters mentioned "corruption" as their top concern in an October Fox News poll, a higher percentage than the 85% who said inflation.

Democrats linked costs and corruption in their ads to damaging effect. Even if the link isn't fair or true, it played to the frustration of voters that the President's family is doing well while they are not. The charge of corruption is likely to haunt Mr. Trump across the next two years, as Democrats in Congress investigate the deals and details.

Most important for the GOP Congress, the man in the White House failed to provide the leadership and salesmanship to help the party's narrow majorities do more than the one big tax bill. He was preoccupied with exacting revenge on his political opponents, attempting to vindicate his claim that the 2020 election was stolen, and promoting dubious worries about voter fraud this year. But the voters said in resounding fashion that the Presidency isn't about him.

Republicans tried countless times to refocus his attention, but he always veered into political retribution, or talking about the Reflecting Pool, or something. His only notable proposal for the next two years was a political bribe$5,000 to every American if Republicans kept the House and Senate. Republicans in turn had nothing of note to say that they wanted to accomplish in the next two years.

The Republican wreckage left by this defeat doesn't foretell what will happen in 2028. But it does call for soul-searching. Tariffs and mass deportation are no substitute for rising real incomes. Playing to the bro MAGA base is no substitute for persuading Hispanics, independents and suburban swing voters who abandoned the party on Tuesday.

Note to Vice President JD Vance: The "working class" coalition that is supposed to be the GOP's future can't be bought off with child subsidies, support for the Teamsters, or industrial policy corporatism. They want the broad-based prosperity of the first Trump term.

Going into 2028, the GOP needs a debate about what it stands for after Donald Trump, and let's hope it starts this week.

Copyright 2026 Dow Jones & Company, Inc.


https://www.wsj.com/opinion/2026-midterms-gop-democrats-donald-trump-c5ef5cb2?st=MGDjW2&reflink=desktopwebshare_permalink





Cults don't end well. Think Jonestown.


B.D.Bear
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This is a good editorial. Trump was given a mandate. He steered off course and the voters let him know they are unhappy. I think this is potentially an easy fix for Republicans. Separate yourself from the things that made Trump unpopular and engage even deeper with the reasons Trump was elected in the first place.
DiabloWags
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Agreed.
And for context, the WSJ Editorial Board is uber Conservative.

Trump's Revenge & Retribution Tour didn't play very well in America.
He was tone-deaf to the needs of the working class that voted him into office his first term; latinos, independents.

I think Americans also got exhausted from all of his hate and blame game.
He never even bothered to unite people. Instead, he divided them by his hate and fearmongering.
Meanwhile, his pardons of felons and corruption were on full display. He was a poor representative of America.

He's without a doubt the Dumbest U.S. President in my lifetime.




Cults don't end well. Think Jonestown.


B.D.Bear
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DiabloWags said:

Agreed.
And for context, the WSJ Editorial Board is uber Conservative.

Trump's Revenge & Retribution Tour didn't play very well in America.
He was tone-deaf to the needs of the working class that voted him into office his first term; latinos, independents.

I think Americans also got exhausted from all of his hate and blame game.
He never even bothered to unite people. Instead, he divided them by his hate and fearmongering.



I agree with most of that assessment but I don't think the hate and blame was as big a factor as people will claim. If gas/diesel prices had stayed where they were when he was elected and everything else went the same way, I think Republicans still control one if not both houses.

I can do without the dramatization at the end. Trump was smart enough to get elected twice and lost a close third race. His ego got the best of him and he assumed voters would stick with him. They didn't and it was a huge political mistake on his part, 100%.

DiabloWags
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B.D.Bear said:


I can do without the dramatization at the end. Trump was smart enough to get elected twice and lost a close third race. His ego got the best of him and he assumed voters would stick with him. They didn't and it was a huge political mistake on his part, 100%.




He lost his way and the concept about what got him voted into office his first term.
Appealing to the Rust Belt and the working class.

Dumb people allow their ego to get the best of them.
In Trump's case, that was times 1,000.

I've been trading the financial markets since 1980.
The most successful traders are only right 55% of the time.
That means that they have to know and admit when they are wrong.

Being WRONG is a totally foreign concept to Donald Trump.
He has no clue on how to pivot.





Cults don't end well. Think Jonestown.


BearlySane88
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The results are better understood as a left-center wave, not a woke one. Trump lost big but so did a lot of far left ideas.

- Billionaire tax failed in CA
- Transgender school sports restrictions passed in WA
- Increased penalties for fentanyl dealing and even possession passed in CO
- Wiener won over Chan in SF

Nationwide the electoral mood was normie lib wine mom, not far left. The centrist won more than anything.

It's an easy fix for the right if they actually try to fix it
DiabloWags
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I wouldn't point to the BILLIONAIRE TAX as necessarily being a misguided woke adventure.

Californian's aren't stupid.
They know who contributes the most income taxes in the State.




https://smartasset.com/data-studies/taxes-top-1-percent-2025
Cults don't end well. Think Jonestown.


BearlySane88
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DiabloWags said:

I wouldn't point to the BILLIONAIRE TAX as necessarily being a misguided woke adventure.

Californian's aren't stupid.
They know who contributes the most income taxes in the State.




Didn't I see you saying you were against it because of its ability to incorporate a much larger group of people than just billionaires?
DiabloWags
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BearlySane88 said:

DiabloWags said:

I wouldn't point to the BILLIONAIRE TAX as necessarily being a misguided woke adventure.

Californian's aren't stupid.
They know who contributes the most income taxes in the State.




Didn't I see you saying you were against it because of its ability to incorporate a much larger group of people than just billionaires?


I was against it for a number of reasons.
Not just one.
Cults don't end well. Think Jonestown.


BearlySane88
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DiabloWags said:

BearlySane88 said:

DiabloWags said:

I wouldn't point to the BILLIONAIRE TAX as necessarily being a misguided woke adventure.

Californian's aren't stupid.
They know who contributes the most income taxes in the State.




Didn't I see you saying you were against it because of its ability to incorporate a much larger group of people than just billionaires?


I was against it for a number of reasons.
Not just one.



We agree there.
DiabloWags
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BearlySane88 said:

DiabloWags said:

BearlySane88 said:

DiabloWags said:

I wouldn't point to the BILLIONAIRE TAX as necessarily being a misguided woke adventure.

Californian's aren't stupid.
They know who contributes the most income taxes in the State.




Didn't I see you saying you were against it because of its ability to incorporate a much larger group of people than just billionaires?


I was against it for a number of reasons.
Not just one.



We agree there.


CA has a history of putting "one-time" revenue raising Propositions on the ballot that never sunset.
The Teacher's Association and SEIU are infamous for this.

This year's Prop 3 comes to mind.
It was first enacted in 2012 and set to expire in 2031.

Looks like it won't be expiring.

See California ballot proposition election results NBC Los Angeles
Cults don't end well. Think Jonestown.


BearlySane88
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DiabloWags said:

BearlySane88 said:

DiabloWags said:

BearlySane88 said:

DiabloWags said:

I wouldn't point to the BILLIONAIRE TAX as necessarily being a misguided woke adventure.

Californian's aren't stupid.
They know who contributes the most income taxes in the State.




Didn't I see you saying you were against it because of its ability to incorporate a much larger group of people than just billionaires?


I was against it for a number of reasons.
Not just one.



We agree there.


CA has a history of putting "one-time" revenue raising Propositions on the ballot that never sunset.
The Teacher's Association and SEIU are infamous for this.

This year's Prop 3 comes to mind.
It was first enacted in 2012 and set to expire in 2031.



Californians just agreed to a new forever tax
wifeisafurd
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It's nice to see the electorate hold a politician accountable for bad policies and inept governing.
Anarchistbear
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DiabloWags said:

I wouldn't point to the BILLIONAIRE TAX as necessarily being a misguided woke adventure.

Californian's aren't stupid.
They know who contributes the most income taxes in the State.




https://smartasset.com/data-studies/taxes-top-1-percent-2025


It wasn't about income as you well know but worth

It lost because it was to offset MEDICAL cuts but most voters aren't on MEDICAL and don't care about people who are

It lost because some 300million was spent opposing it

It also lost because other unions- teachers, fire fighters looked at it and said there is nothing in this for me. Plus Newsom wanting to protect his donors

It also led to another cynical proposition which was written to prevent any implementation of "wealth" tax in the future/- again unions protecting pensions aided by billionaires

In the end poorly constructed and too narrow due to authorship by one union- health workers.

It would have been better if the money raised was refunded directly to the people as a tax cut

Alas, this is the only proposition I voted for because I'd like to see all those $$holes leave
DiabloWags
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Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.

For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.
He's founded a total of 6 companies.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.



Cults don't end well. Think Jonestown.


BearlySane88
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DiabloWags said:

Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.
For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.






Elon has donated billions too.
DiabloWags
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BearlySane88 said:

DiabloWags said:

Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.
For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.






Elon has donated billions too.


I'm aware.

Cults don't end well. Think Jonestown.


BearlySane88
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DiabloWags said:

BearlySane88 said:

DiabloWags said:

Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.
For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.






Elon has donated billions too.


I'm aware.




He's also paid more taxes than any person in American history, likely. Upwards of $11 billion. Billionaires pay their fair share
DiabloWags
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BearlySane88 said:

DiabloWags said:

BearlySane88 said:

DiabloWags said:

Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.
For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.






Elon has donated billions too.


I'm aware.




He's also paid more taxes than any person in American history, likely. Upwards of $11 billion. Billionaires pay their fair share


I've never said they don't.
In fact, I've been pretty consistent about that.

Cults don't end well. Think Jonestown.


BearlySane88
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DiabloWags said:

BearlySane88 said:

DiabloWags said:

BearlySane88 said:

DiabloWags said:

Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.
For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.






Elon has donated billions too.


I'm aware.




He's also paid more taxes than any person in American history, likely. Upwards of $11 billion. Billionaires pay their fair share


I've never said they don't.
In fact, I've been pretty consistent about that.




I wasn't attacking you or saying you didn't. I was stating facts that connect to your post
smh
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DiabloWags said:

Wealth taxes are dumb.

dunno much, but this fool would rather deep pockets were motivated to give money to poor people our
countries less fortunate to whatever extent possible / however a blue president's irs spells it out.
# fed returns?
bearister
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BearlySane88 said:

DiabloWags said:

Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.
For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.






Elon has donated billions too.

Elon Musk's charitable giving is highly unconventional, complex, and a subject of significant debate among philanthropy experts. While he has transferred billions of dollars in stock to his private foundation, critics point out that very little of that wealth has actually been distributed to public charities. Instead, the vast majority of his foundation's grants go to organizations he directly controls or that align with his personal business interests.

Detractors view his foundation as an opaque, tax-saving vehicle. Because most grants fund his own schools or space/AI causes aligned with his corporations, critics argue his giving is self-serving and fails to support the broader public good.

The Musk Perspective:
Musk has publicly expressed skepticism toward traditional philanthropy. He views his for-profit companiesTesla (renewable energy), SpaceX (multi-planetary survival), and Neuralink (human enhancement)as his primary gifts to humanity, arguing that solving existential risks through engineering creates far more societal value than writing checks to traditional charities
“Cancel my subscription to the Resurrection
Send my credentials to the House of Detention
I got some friends inside”
—Jim Morrison

“I love Cal deeply, by the way, what are the directions to The Portal from Sproul Plaza?”
bearister
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BearlySane88 said:

DiabloWags said:

BearlySane88 said:

DiabloWags said:

Wealth taxes are dumb.

I don't have a problem with the Dave Duffield's of the world.
He's donated $1.2 Billion to date.

I'm most familiar with he and his wife founding Maddie's Fund.
For those that are unaware, he created Peoplesoft and Workday here in the Diablo Valley.

But he already moved to Incline Village from Alamo a long time ago.
So have most others.






Elon has donated billions too.


I'm aware.




He's also paid more taxes than any person in American history, likely. Upwards of $11 billion. Billionaires pay their fair share


Organizations like Americans For Tax Fairness and economists note that because the U.S. tax code does not tax unrealized capital gains (the growth in the value of stock a person holds onto), billionaires like Musk can see their net worth skyrocket by tens of billions of dollars while paying a very low effective tax rate relative to their total wealth growth. Critics argue that a system allowing $0 federal income tax years for ultra-wealthy individuals or profitable corporations like Tesla is fundamentally unfair compared to ordinary wage earners who pay a steady percentage of their income.

investigative reports (such as from ProPublica) revealed he paid $0 in federal income taxes in 2018, and an effective federal tax rate of roughly 3.27% between 2014 and 2018.

Tesla has reported zero or near-zero current federal income tax in recent years. According to the Institute on Taxation and Economic Policy, Tesla reported $5.7 billion in U.S. income in 2025 with $0 in current federal income taxes, and an effective federal tax rate of just 0.4% over the preceding three years, aided by R&D credits, accelerated depreciation, and stock option tax breaks.
“Cancel my subscription to the Resurrection
Send my credentials to the House of Detention
I got some friends inside”
—Jim Morrison

“I love Cal deeply, by the way, what are the directions to The Portal from Sproul Plaza?”
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