“Remember, Donald Trump ran for office saying he would lower costs on day one. Costs of groceries are up, cost of housing is up, cost of health care is up,” Warren said on CNBC. “And where is Donald Trump? He’s passing a signature bill to throw people off their health care so he can do tax cuts for billionaires. Democrats are the people who say ‘billionaires actually should pay their fair share,’ and that we need to focus on affordability for American families. And that’s what we’re fighting for.”
— Aaron Rupar (@atrupar) August 4, 2025
Trump was furious. “In just 6 months, I cut costs, especially Energy and Taxes, Tremendously. Elizabeth ‘Pocahontas’ Warren, on CNBC, said costs have gone up,” he wrote on Truth Social, using his longstanding offensive nickname for the senator. “She is just angry that I blew up her terrible Presidential Campaign. Call her out!!!”
On Friday, a Morning Consult poll found that nearly two-thirds of surveyed voters blamed Trump for rising prices—and that nearly eight in ten of them, including an astounding 70 percent of Republicans, believe Trump’s tariffs will increase the price of everyday goods. On Monday, an AP-NORC poll found that more than half of respondents were stressed about rising grocery prices—prices that are likely to continue to rise. Everywhere you look, voters are telling pollsters that they’re stressed about skyrocketing costs.
Many national Democrats have spent the last few months fretting about the rise of Zohran Mamdani, the young Democratic socialist who won the Democrats’ mayoral primary in New York City. They are so worried about baseless charges of antisemitism—all related to Mamdani’s decision to make opposition to Israel’s apartheid state and genocide in Gaza a plank of his campaign—that they have failed to see a model for the midterms. The national media’s obsessive focus on Mamdani’s comments about Israel and Palestine has obscured a remarkably disciplined campaign. On the stump, again and again, Mamdani talks about the high cost of living in New York City.
Many Democrats balk at these proposals—or rather, at the (in most cases modest) tax hikes that would pay for them. That’s fine. Not all Democrats have to embrace socialistic concepts like free childcare. But they should embrace the central premise of Mamdani’s campaign: Everything is too expensive now, and it’s Trump’s fault.
Warren, meanwhile, is exactly right. Trump was elected because Americans were furious about post-pandemic inflation. He promised to lower prices. Instead, he embarked on a stupid, reckless, and unnecessary tariff regime that is accomplishing the exact opposite. So voters who felt financially squeezed during Joe Biden’s presidency, and were expecting some relief under Trump, are in for a rude awakening. Next year could make the inflation of recent memory look mild. If I were the president who was responsible for this, I’d be freaking out, too.
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