Summary
Ted Cruz warned that Trump’s tariffs could trigger a GOP “bloodbath” in the 2026 midterms, citing inflation and market fallout as major risks.
On his Verdict podcast, Cruz criticized tariffs as taxes on consumers and urged they be short-lived.
The S&P 500 and Nasdaq 100 plunged nearly 10% over two days. Senator Rand Paul and others echoed concerns, with Paul warning tariffs could add $5,000–$15,000 to car prices.
Senator Chuck Grassley has introduced a bill requiring congressional approval of tariffs within 60 days or automatic expiration.
His big worry is re-election, not the people this will hurt.
I’m glad to see that people here aren’t reveling in looming economic disaster just because it might mean that their team gets to be in power.
In a properly designed and functioning system, reelection and caring about the people should go hand in hand. Stop caring, treat them like crap, someone gets to replace you.
We are not in a well designed, well functioning system.
And the people are still cheering him on, swinging their fat fists, because they don’t want to lose to the blue team.