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Reading: LARRY KUDLOW: For the midterms, it’s nonetheless early within the recreation
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LARRY KUDLOW: For the midterms, it’s nonetheless early within the recreation

Editor
Last updated: February 5, 2026 1:13 pm
Editor
Published: February 5, 2026
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LARRY KUDLOW: For the midterms, it’s nonetheless early within the recreation



A number of good folks suppose President Trump and the Republicans have a really steep uphill climb in the event that they count on to win the midterms, particularly the Home. Newt Gingrich thinks if the election had been at the moment the GOP would lose. I’ve been exhorting GOP leaders to tout the red-hot economic system with numbers and repetition, as usually as attainable, at each marketing campaign cease.

Extra optimistic numbers got here out at the moment for the Institute for Provide Managers, the place the mixed buying managers’ indexes for manufacturing and providers are the very best they’ve been in almost two years. And there’s a enterprise increase. And there’s a productiveness increase. And wages are outstripping inflation. But it’s a narrative that has bought to be informed, together with the Trump Accounts, which might flip working-class minority youngsters into millionaires. The place the following era of kids is usually a nation of householders, democratizing inventory possession, and understanding the miracles of free-market capitalism. That, too, is a narrative that needs to be informed again and again.

But not all is misplaced. The newest Harvard CAPS Harris ballot exhibits some enchancment in private monetary conditions, and although it’s nonetheless underwater, it’s getting higher. That very same ballot exhibits a robust assist for Mr. Trump closing the border. And 73 % say legal unlawful aliens must be deported, 67 % say native jails ought to hand over legal illegals to federal authorities for deportation, which is strictly what the border czar, Tom Homan, is making an attempt to do. And roughly 60 % see the Democrats as encouraging resistance to deporting legal illegals.

One other a part of that ballot exhibits that 60 % favor a platform described as diminished authorities spending, decrease taxes, harder commerce offers, decrease prescription drug prices, and a closed border, which is in fact, the Trump package deal. And solely 40 % desire extra authorities spending, liberal immigration, extra taxes, and better healthcare subsidies. Polls should not votes, however good polls are informative.

And at last, cash issues. Politico is reporting that Mr. Trump raised $26 million by way of his joint fundraising committee within the again half of final yr. And one other $8 million instantly into his management political motion committee. An excellent PAC linked to him has greater than $300 million within the financial institution. That’s some huge cash. All in, they estimate the president’s orbit has $375 million of firepower. And the president is outstripping everyone in fundraising by an extended shot.

So, all will not be misplaced. It’s nonetheless early within the recreation.

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