GOP faces 'growing recognition' that its playbook broke the middle class

Republicans appear to be realizing that President Donald Trump's claims that "affordability" is a "con job" aren't winning messages for the GOP as the November 3 election nears.

Writing for The New Republic on Tuesday, Alex Thomas explained that for years, critics have claimed that Republican economic policies aren't working for the vast majority of Americans. Some have gone so far as to claim that it's outright hollowing out the middle class.

Vice President JD Vance appeared on Joe Rogan's show, where he complained that Republicans allowed Wall Street to turn “every asset of modern life” into a profit machine. So, homes, jobs, health care and basic stability are being treated as investments for the wealthy rather than necessities for working families. Vance explained that this was the reason so many younger Americans are open to socialism. The GOP has spent generations championing deregulation, tax cuts for the wealthy, union-busting and free trade. When big banks and mortgage companies were caught making risky financial decisions and companies collapsed, the government swooped in to bail them out. The victims of the banks were not similarly rescued.

Republican Sen. Josh Hawley (Mo.) has criticized his party over corporate giveaways and drastic cuts to social programs. Sen. Bernie Moreno (R-Ohio) supports restrictions on investors buying up homes all over the U.S. Even Secretary of State Marco Rubio acknowledged that "free and unfettered trade at the expense of our national economy has shrunk the middle class and left the working class in crisis."

Thomas argued that these statements aren't merely minor changes in rhetoric. He believes that they amount to a growing recognition that the old Republican economic model failed millions of Americans.

In a way, Thomas wrote, Republicans are the dog that caught the car. Meanwhile, Donald Trump's economic policies trend toward being a "dedicated transactionalist." He has "stacked up a Jenga tower of economic policies that are largely short-sighted. Not the sort of ideas you would use to rebuild a party platform that has failed, let alone revive a crumbling economy," Thomas wrote.

Calling Trump's economic policies "zaney," at least "as much as they can be coherently understood," Thomas called it a sharp reversal of the Republican doctrine.

Then there is the party’s biggest obstacle: its donors. Vance may talk about restoring worker power and rebuilding private-sector unions, but he will need the billionaire backers when it's time to begin collecting his own campaign war chest.

Vance may compare AI to the Industrial Revolution, but that was also a period that created huge fortunes while workers fought for basic rights. The difference this time is that the industrialists are already in control, the labor movement is weaker and the Republican Party is still dependent on the billionaires who stand to benefit most, Thomas closed.