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Editors’ Blog

Understanding What ‘Inflation’ Really Means in Electoral Terms 

· The Backchannel

In the middle years of the Biden administration there was an idea that right-wing dominance of the media ecosystem, or simply social media breaking people’s brains, had blinded people to the fact that inflation was actually coming down fast. Indeed, by the time the 2024 election came around, inflation had come down dramatically and was close to what economists consider optimal — between 2% and 4%. (For all the ribbing economists took about predicting the COVID inflation would be “transitory” by any historical metric, it was.) Yet most people refused to believe that inflation had, in fact, been subdued. And “affordability” continues to be the political buzzword of the day going into the 2026 midterm elections. But this always struck me as a basic failure of analysis, imagining that the public at large and economists mean the same thing by inflation. They don’t. That should be obvious. And it probably is obvious to most of us. But a lot of us, including myself for at least part of the time, failed to draw out the proper conclusions.

Flailing Republicans Pivot to a Throwback Rallying Cry: ‘Sharia Law’

There is a lot that has Republicans divided right now. Is it actually good to demand the pope stay in his lane? JD Vance thinks so. Catholics aren’t so sure. Is it actually good for the president to post a picture of himself as the Lord and Savior Jesus Christ? Evangelicals aren’t so sure. Is there some irony in a president who campaigned on opposition to forever wars launching attacks that kill the leadership of a powerful country of 93 million? There may be. Are young Republicans and right-wing influencers too antisemitic, or, in fact, not antisemitic enough? Opinions among the increasingly Groyperfied class of up-and-coming GOP staffers vary.

It’s against this backdrop that we have Josh Kovensky’s piece this morning, which finds Republicans in Texas doing a hard pivot to Bush II-type freakouts about “Sharia law” as a way to get the base energized and juice turnout in Texas’ Republican primaries and runoffs — and, they hope, ultimately in the midterms. With so much dividing Republicans, Ken Paxton, Greg Abbott, activists throughout the state and beyond have found it prudent to take their bigotry back to the basics and focus on ginned up claims of a fake Islamic threat. Texas’ Muslim residents are the collateral damage.

This piece follows another, related Josh K. dispatch from Texas, looking at conservative influencers’ attempts to stoke panic around a growing Dallas-area Indian community. (To support more of this on-the-ground journalism, become a member!)

Inside the Degenerate Culture of the Trumper Paramilitaries

I wanted to make sure you had a chance to read this piece TPM’s Hunter Walker published over the weekend about “challenge coins” being distributed at the mass deportation hub in Minneapolis celebrating operating “metro surge,” the ICE invasion that resulted in the deaths of Renee Good and Alex Pretti in addition to longer litany of abuse, violence and general predation. As you can see, the visuals are some mix of first person shooter and Aryan Nations rally. As we note in the piece, it’s hard to know at just what level of officialdom these trinkets were produced and signed off on. But they’re artifacts of the violent and degenerate culture that spawned those two murders. If you didn’t get a chance to read it this weekend I hope you will now.

In addition, there are cases like this from ICE offices around the country. So we are looking for more examples. If you’ve been privy to similar instances — maybe you’ve seen similar challenge coins distributed around other ICE or CBP operation — please let us know. You can contact us through our normal tips line or by secure channels, all of which are described here.

As Trump Rants About Birds and Wind Turbines, the World Passes the US By 

As Trump Rants About Birds and Wind Turbines, the World Passes the US By
· The Backchannel

It’s not hard to look around America today and see signs of decay, corruption and decline. I thought of this yesterday when I saw this Semafor article on Egypt’s ambitious push to transition its electrical grid to renewables. The gist is that Egypt is trying to move from getting 10% to 45% of it electricity from renewables in two years. That’s a mind-bogglingly ambitious goal. But it’s not based on ideology or high-minded goals about limiting climate change or the situation you have in the U.S. where renewables — wind and solar — are somehow considered “woke.” Egypt doesn’t have that luxury, notwithstanding being geo-politically aligned with the major fossil fuel exporters. Fossil fuels are not only pricey, they make especially developing economies vulnerable to constant price shocks, whether it’s the Ukraine War, Iran War or the inflation spike coming out of COVID. Egypt is focused on wind power. And there’s no way to hit that ambitious two-year schedule without China, building China’s soft power and economic reach at the same time the U.S. seems determined to throw ours away.

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