Tag: republican party
Billionaire Trump Backer Bemoans Dollar 'Erosion' Amid Economic Chaos

Billionaire Trump Backer Bemoans Dollar 'Erosion' Amid Economic Chaos

One of the Republican Party's biggest billionaire benefactors is now lamenting the "damage" that President Donald Trump has already done just less than 100 days into his second term.

Semafor reported Wednesday that Ken Griffin, who is the founder and CEO of the investment firm Citadel, is now loudly condemning Trump's handling of the economy, and tarnishing the United States' "brand." He blasted the administration for "eroding" the power of the U.S. dollar and U.S. Treasury securities.

"We put that brand at risk,” Griffin said. “It can be a lifetime to repair the damage that has been done.”

Griffin was particularly worried that institutional investors around the world were no longer viewing U.S. Treasury securities as a valuable investment, despite them typically being regarded as one of the safest ways to park money given that they're backed by the full faith and credit of the United States. He observed that, in comparison to the Euro, the United States "has become 20% poorer in four weeks." And he lamented that the United States' allies were now looking at it in a lesser light.

“There’s no great opportunity when the pie is rapidly shrinking,” he said. “All you’re trying to do is tread water and not drown.”

“How does Canada feel about our country today versus two months ago? How does Europe feel about the United States today versus two months ago?” He continued. “And some people scream, well, it just doesn’t matter. But you know what? It matters for a very profound reason. The entire Western world is engulfed in a debt crisis.”

Griffin's remarks are particularly noteworthy given that he was one of the top five donors to Republican causes in 2024. According to campaign finance data compiled by Open Secrets, Griffin gave more than $100 million to outside groups backing Republicans last year, and was only surpassed by banking heir Timothy Mellon, Tesla and SpaceX CEO Elon Musk, Dallas Mavericks owner Miriam Adelson (the widow of GOP megadonor Sheldon Adelson) and shipping industry titans Dick and Elizabeth Uihlein.

Reprinted with permission from Alternet.

Donald Trump

New Polls Show Voters Rapidly Turning On Trump Over Economy

Less than 100 days into his new term, President Donald Trump and his Republican Party are hemorrhaging public support as his policies thrash the economy, threaten Americans’ Social Security and Medicaid, and blow up the rule of law.

Trump's approval rating is now well underwater, with 54 percent of registered voters disapproving of the job he’s doing as president, compared with just 42 percent approving, according to Civiqs’ tracker. Voters seem to be deeply repelled by his handling of the economy, inflation, and even immigration—an issue he's usually held an advantage on.

This is terrible news for Republicans both for critical upcoming gubernatorial elections in New Jersey and Virginia in November, and for the rest of the GOP in the 2026 midterms.

For example, a Morning Consult poll released Tuesday morning found that for the first time since 2021, more voters trust Democrats on the economy than they do Republicans, by a 46 to 43 percent margin.

"That three-percentage-point edge for Democrats—their largest since April 2021—underlines a stark unraveling for the GOP, which had come off the 2024 election with a double-digit advantage on the matter," Morning Consult wrote.

The evaporation of Republicans’ edge on economic issues comes as they defend the tariffs Trump has levied on nearly every country in the world. Those tariffs are threatening to explode inflation, sink the country into a recession, and cost thousands of Americans their livelihoods.

Even worse for Republicans is that Morning Consult found congressional Democrats are now viewed more favorably than congressional Republicans.

"For the first time since just before the 2024 election, the average voter is more likely to hold positive than negative views about Democrats in Congress (47 to 46 percent). It leaves them more popular than Republicans in Congress, whose favorability ratings are now 10 points underwater," Morning Consult reported.

A new poll conducted by YouGov for the University of Massachusetts at Amherst also finds similarly poor results for the GOP. In it, voters overwhelmingly disapprove of Trump's handling of inflation (33 percent approve, 62 percent disapprove), trade (36 percent approve, 58 percent disapprove), jobs (38 percent approve, 53 percent disapprove), and foreign affairs (36 percent approve, 53 percent disapprove). The poll also finds just 50 percent approve of his handling of immigration—often his strongest issue in polling—while 46 percent disapprove.

Meanwhile, a Quinnipiac University poll from last week found Trump underwater on immigration, with 45 percent approving of his handling of it and 50 percent disapproving.

“Despite what you’ve probably heard, Trump’s immigration agenda isn’t actually popular,” G. Elliottt Morris, a reporter who led the now-defunct news outlet 538, wrote in a post on X. “While Americans tend to approve of ‘the way he is handling immigration’ in abstract, they are very negative on the details.”

For example, voters strongly disapprove of Trump’s policy of deporting undocumented immigrants without criminal records, Morris found. They also strongly oppose sending such immigrants to foreign prisons.

Trump is refusing to return Kilmar Abrego Garcia, an immigrant from El Salvador that Trump sent to that prison known as CECOT, despite an order from the Supreme Court to do so.

“The media narrative is that ‘Trump is popular on immigration.’ But as we can see, that is not really true,” Morris wrote in a blog post. “On the specifics of his policy, and especially on the on-the-ground implementation, Americans are mostly opposed to what his administration is doing. (And the data above should probably be considered an overestimate, since the polls I've used are old and conducted before the Abrego Garcia news.)”

Ultimately, Trump is not immune to political gravity. And if voters have already soured on his agenda less than 100 days into his term, things could get even uglier for Trump and his party if he doesn’t reverse course.

Reprinted with permission from Daily Kos.

Gay Valimont

Defeated Democrats Slash GOP Margins By Half In Florida Special Elections

While Democrats lost both special Congressional elections in Florida, the party clearly overperformed, narrowing the margins considerably in deep-red districts. The Republican victories, expected by most analysts, gave some relief to GOP House Speaker Mike Johnson, who has struggled to pass legislation with a tiny majority.

In Florida’s Sixth District, Republican Randy Fine defeated his Democratic opponent Josh Weil by 14 points. While that appears to be a comfortable victory, that is less than half the margin tallied by the Republicans last fall, when President Donald Trump and Mike Waltz, the current national security adviser who previously held that seat, won by over 30 points.

Even more troubling to the GOP was Democrat Gay Valimont’s performance in Florida’s First Congressional District, where she lost to Republican Jimmy Patronis. The Republican margin there was 14.8 points, only five months after Trump won the same district by 37 points. In Florida too, Democrats flipped a major Trump county. Valimont won Escambia County -- where Trump won by nearly 20 points last November -- by just over three points on Tuesday.

“When Democrats are outperforming or winning, it’s a big psychological boost in a time when Democrats are feeling pretty low,” noted Democratic pollster John Anzalone in a New York Times interview. “They’re going to be dealing with the political environment that Trump has created, which is not good right now for Republicans.”

Top GOP Senator: Republican Threat To Impeach Judge Is 'Idiotic'

Top GOP Senator: Republican Threat To Impeach Judge Is 'Idiotic'

Egged on by wannabe dictator Donald Trump, House Republicans are pushing GOP leadership to let them embark on impeachment proceedings against federal judges who dare to rule against their Dear Leader—a time-consuming and destined-to-fail effort that harms the rule of law and could even wound the Republican Party in elections moving forward.

Multiple Republican lawmakers have filed articles of impeachment against four federal judges who recently ruled against the Trump administration.

“Congress has the constitutional power to impeach rogue activist judges—and we intend to use it,” Republican Rep. Brendan Gill of Texas, who filed articles of impeachment against a federal judge who ordered the Trump administration to turn around planes that were deporting alleged Venezuelan immigrants to a gulag in El Salvador, wrote in a post on X.

House Republicans are pushing for the impeachments to move forward even as Politico reported that some GOP lawmakers view the effort to be “idiotic.”

“You don’t impeach judges who make decisions you disagree with, because that happens all the time,” Republican Sen. John Cornyn of Texas told Politico in early March. “What you do is you appeal, and if you’re right, then you’re going to win on appeal.”

Even Chief Justice John Roberts warned that impeachment is not the way to handle disagreements with judicial decisions.

“We are going to keep the impeachments coming,” Republican Rep. Andy Ogles of Tennessee wrote in a post on X. Ogles himself filed articles of impeachment against a judge who ordered the Trump administration to restore websites it had taken down to comply with Trump's executive order targeting “gender ideology extremism.”

But complicating things for Republican leadership is that Trump blessed the impeachment efforts on Tuesday, saying that the judge who tried to block his effort to deport immigrants without due process is a "Radical Left Lunatic of a Judge, a troublemaker and agitator who was sadly appointed by Barack Hussein Obama."

“This judge, like many of the Crooked Judges’ I am forced to appear before, should be IMPEACHED!!! WE DON’T WANT VICIOUS, VIOLENT, AND DEMENTED CRIMINALS, MANY OF THEM DERANGED MURDERERS, IN OUR COUNTRY. MAKE AMERICA GREAT AGAIN!!!” Trump wrote in a deranged Truth Social post.

Co-president Elon Musk, who has threatened to fund primary challenges to Republicans who don’t do what Trump says, also wants judicial impeachments.

“This is a judicial coup. We need 60 senators to impeach the judges and restore rule of the people,” Musk wrote in a post on X on Tuesday after another federal judge ruled against the Trump administration, this time on its attempted ban of transgender troops.

Given that GOP leaders acquiesce to all of Trump's wants, no matter how immoral or unconstitutional, his demand puts them in a difficult place of having to choose what’s right or to make their Dear Leader happy.

“Everything is on the table,” Russell Dye, a spokesperson for House Judiciary Chair Jim Jordan, toldPolitico. An unnamed spokesperson for House Speaker Mike Johnson also told Politico that judges “with political agendas pose a significant threat” and that Johnson "looks forward to working with the Judiciary Committee as they review all available options under the Constitution to address this urgent matter.”

But as aides for Johnson publicly said all options are on the table, top GOP aides privately admitted the impeachment route is stupid and will take up time the House needs to pass the rest of Trump’s destructive and unpopular agenda.

“It’s never going to happen,” an unnamed senior Republican aide told Politico. “There aren’t the votes.”

Plus, forcing Republicans to vote on impeachment could be politically damaging for the GOP.

Polling from February—when Republicans began crowing about impeaching judges who ruled against Trump—showed that voters want Trump to follow court orders.

"This court issue is a big loser for Trump," CNN's Harry Enten wrote in a post on X, referring to a Washington Post poll from February. "The belief that Trump must follow court orders is more popular than Mother Teresa: 84% of all adults, 92% of Dems, 82% of Indies & 79% of the GOP."

Other polls have similar findings, including an NBC News survey released Wednesday. It found that a 43 percent plurality of voters believe the president and executive branch have too much power, as opposed to 28 percent who believe the Supreme Court and judicial branch have too much.

The cherry on top of this for GOP leaders is that their members would be taking potentially damaging votes on impeachment for nothing. The charges would be disposed of in the Senate, where there is no way on earth that two-thirds of the chamber would vote to convict and remove judges. Republicans have just 53 votes there. To impeach a judge, they’d need 14 Democrats to also join in.

But never put it past Republicans to do stupid things in the name of subservience to Trump.

Reprinted with permission from Daily Kos.

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