Displaying items by tag: gop

(Washington)

The GOP seems to be on its back foot heading into the midterm elections and that has the party nervous. The political bombing attempts and the synagogue horror have both sent Trump’s approval rating sharply lower. Now the party is worried that pre-Trump Republicans in affluent suburbs may not show up to vote, which is making them worry they may lose more ground than forecast. According to polls, this group of affluent long-term Republicans has a lower overall interest in the midterms, which may sap much needed votes against the more motivated Democrats.

FINSUM: This is a problem in itself, but the fact that the midterms have become so much of a referendum on Trump at the same time as his approval rating is falling is not a good sign for the party.

(Washington)

Those hoping for a complete end to the DOL’s fiduciary rule should keep their fingers crossed, as despite political pushback, and success on slowing down the rule, the GOP is still working hard to defeat the rule. The newest chance comes in the form of a rider on the current spending bill which is designed to do away with the rule. Previous attempts at doing so have been heavily opposed by Democrats.

FINSUM: We think this one actually has a better chance of getting through. The reason why is that the tide has definitively turned against the DOL rule, and so Democrats may be more willing to give it up as a trade or concession as part of a spending deal.