The populists’ position within the political system (i.e. in the Republican party) will diminish considerably. Their economic goals – a broadening of opportunity for the working class, a manufacturing renaissance, wage increases – will crumble under the weight of a mismanaged trade war that ends with high consumer prices and growth stagnation. Their desire for a more humble foreign policy will not be realised as Trump ping-pongs between populist realism that weakens America’s hegemonic position, and a reckless hawkishness that exacerbates tensions with antagonists on the world stage.
For these reasons, it’s not hard to imagine Trump’s fragile coalition beginning to break apart the moment his re-election in November 2020 is confirmed. Because Trump’s political strength among Republicans is chiefly oppositional (he stands against liberal Democrats, against the liberal media), the president has done little to settle the disagreements among Republicans or make a strong empirical case for conservative populism. Economic populists clash with supply-side tax-cutters. Both national security hawks and realists try to wrest control of the party’s narrative on foreign policy. Small-government conservatives are outraged that government has continued to grow. Immigration hawks are split (as they already are) on whether Trump did enough to secure the border. There may be a wall by 2025, but Mexico will surely not have paid for it.
The trade wars which Trump has waged on the populists’ behalf have erased the gains in the economy that were realised in his first term. There are higher prices for consumers thanks to tariffs and inflation. And a withdrawal of capital has been triggered by an economic downturn, meaning massive job losses in those parts of the country that needed employment opportunities the most – and placed their trust in Trump to deliver them. A bigger budget deficit as a result of Trump’s economic policies has forced cuts to social services.
The trade wars which Trump has waged on the populists’ behalf have erased the gains in the economy that were realised in his first term
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In terms of the Republican party itself, the political fracturing of the Trump coalition will be especially sharp if Republicans are not in control of one or both houses of Congress, and if they’ve lost significant electoral ground in the state governorships and legislatures. That was the result for the Democrats under Barack Obama, thanks to the former president’s own unwillingness to tend to his party while in the White House.
To the extent Trump bequeaths his political operation to someone else – to Mike Pence, or one of his children – it will be devalued. Much of Trump’s operation is centred around the man himself, and personality is impossible to transfer. There will be an open market on the centre-right for an alternative to Trump’s Republicanism, one that won’t necessarily be friendly to the economic populism preferred by the core part of the Trump base. This alternative could take over the Republican party or split off from the GOP to form a more centrist third party. It will likely be the former, given the structural barriers to third parties in the American system, but either way it leaves Trumpian populists in a weak political position.
And that’s not even considering what will happen to the political coalition on the Left, which has continued to move toward a sort of populist democratic socialism in the mould of Bernie Sanders. Many of the swing voters from the Rust Belt that Republicans brought into the GOP fold with populist promises were Barack Obama voters in 2008 and 2012. Who’s to say a failure to Make America Great Again won’t push these voters back toward the Democratic party – one that’s interested in punishing millionaires and billionaires in the name of the people?
And so America faces a choice in 2024 among a more radical and populist left, a diluted centre-right coalition, and an exhausted right-wing populism that has little to show for its eight years in power. That political situation represents a failure of Trump and Trumpism, with the nation more divided and less prosperous than before he took office in 2017. Is that the future conservative populists want? Hardly.
The following scenario isn’t crazy: It’s January 2025, two months after a presidential election unlike any America had seen in more than a hundred years. Three major parties had vied for the White House. Had the Republican party found a way to hold together for just one more election cycle, perhaps it could have eked out a win. Instead, the split that seemed inevitable throughout Trump’s two terms – between Trumpian Republicans and the Never Trumpers – was unfixable.
America faces a choice in 2024 among a more radical and populist left, a diluted centre-right coalition, and an exhausted right-wing populism that has little to show for its eight years in power
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The Trump wing fully embraced its populist roots in selecting its nominee. The GOP dumped Vice President Mike Pence for House minority leader and ultra-conservative Mark Meadows after an eleventh-hour endorsement by President Trump. The outgoing commander-in-chief, who skipped the convention and retreated instead to his golf club in New Jersey, wrote in a series of late-night tweets that Meadows would continue the fight against both the ‘crazy socialists’ and the ‘hateful (and weak) RepubliCAN’TS who did everything to stop me for more than 8 years.’
The Meadows nomination was just the spark the anti-Trump New Federalist party and its nominee, former Trump Cabinet official-turned-critic Nikki Haley, needed. Although Haley’s party qualified for the ballot in all 50 states and had gained some prominent converts like Senators Mitt Romney and former House speaker Paul Ryan, polls showed Republican voters were planning on sticking with the GOP after Mark Meadows’s promise to reverse much of Trump’s second term trade policies. Haley’s poll numbers inched up over the summer until they were even with Meadows’. But the selection of moderate Democratic congressman and former marine Seth Moulton as her running mate wasn’t enough to overtake Meadows and the Republicans.
Most Democratic leaners stuck with the Democratic nominee – a resurgent Kamala Harris, the progressive Senator from California who after a second-place finish in the 2020 primaries came back stronger and more left-wing than ever. Buoyed by picking up those important big-state electoral votes in Georgia, Pennsylvania, and Wisconsin, her plurality victory was enough to win. As 2025 begins, Harris looks set to turn the page as dramatically on the Trump era as Trump had done eight years earlier on the Obama era.
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