The 2024 presidential election was a disaster for the Democrats. Donald Trump managed to shake loose the party’s base. Latino voters, Black voters and young Americans swung away from Kamala Harris, resulting in Trump’s first popular vote plurality in three tries. Less than a year later, the shifts may yet prove transitory. Looming cuts to healthcare, rising unemployment and sticky inflation may be yielding buyers’ remorse. Whether the Democrats are up to the moment is an open question.
Regardless, the new “American Golden Age”, promised by the president and his minions, is looking more like stagflation for the many and a booming stock market for the few. Topline youth unemployment stands at 10.8%, according to the Trump-maligned Bureau of Labor Statistics. Unemployment rates for young men (11% ), Black youth (14.3%), and Hispanic youth (12.6%) are even higher.
