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You are at:Home»Business»LARRY KUDLOW: Can Republicans beat socialism in the Midterms?
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LARRY KUDLOW: Can Republicans beat socialism in the Midterms?

Buddy DoyleBy Buddy DoyleAugust 5, 2026No Comments4 Mins Read
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LARRY KUDLOW: Can Republicans beat socialism in the Midterms?
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Now look, it may wind up being a huge gift to the GOP come November. But the far-left socialist, antisemitic, anti-American Democrats had a field day yesterday in carrying these Michigan primaries. Of course, the leader is this Dr. Abdul El-Sayed, who won his Senate race by a cat’s whisker, but he won it. He didn’t get any black votes, I don’t think. He didn’t get any brown votes. He didn’t get any working-class votes. Yet he beat a regular Democrat who was backed by Senator Chuck Schumer and Governor Gretchen Whitmer.

So the El-Sayed Democrats, they’re really no different than the Mamdani Democrats or the Bernie Sanders Democrats or the AOC Democrats. It is interesting politically how fast the socialists have taken over in the last couple of years. And the issues are very familiar and very bad for America. 

It’s big government socialism. It’s this Medicare for all, which is really a euphemism, not simply for government control of healthcare, but frankly for government control of the entire economy. Hence the flirtation, not just with socialism, but really with communism. To be sure, it means vast tax increases, the destruction and liquidation of wealth. The destruction of success, the end to individual initiative, the end-to-work incentives, open borders, anti-cops, anti-ICE. 

This crowd, by the way, would raise taxes beyond your wildest dreams. They have no family values. There’s no community, there’s no tradition. Some of them want to abolish the Thanksgiving Day holiday. All they can talk about is transgenderism, and then there’s Palestine. Oh, Palestine. Antisemitism is perhaps the driving animating force behind this entire socialist movement. 

The biggest issue in the Michigan Senate race seems to be the hatred of Israel, which levers off the anti-semitism of Mayor Zohran Mamdani of New York, and it is catching on with all the socialists.

Our friend Ben Domenech now calls the Democrats the party of Commie ISIS. Well put. Now, on the other hand, this is a great Republican opportunity if the GOP can seize it. The problem here is we’re in a booming economy. 

All cylinders, manufacturing, technology, consumers, businesses, a roaring stock market today, another record. Trump Accounts are the most popular thing going, but no one seems to know it according to the best polls. I’m talking about likely voters here, from ace Republican pollster, John McLaughlin, among the best in the business, not registered, not adults, actual likely voters who participated in the last elections. 

For the McLaughin poll he asked, is the economy worse or better? Are you listening? Some 56 percent say worse, 37 percent say better. And then he goes on. Are the Trump tax cuts of last year good enough to improve the economy? Only 26 percent said yes. Boy, that sounds like a messaging problem, but you know what, it’s a policy problem too.

Today, in the paper, an old Reagan hand, my pal, Bruce Thompson — and this was copied by the Committee to Unleash Prosperity Hotline — he notes that Americans pay more in taxes than they spend on food. Clothing and housing, that’s right. As of last year, Americans paid $8.192 trillion in federal, state, and local taxes, and spent $7.388 trillion on food, clothes and housing.

All right, that is not affordability. And I think that’s got people down. They should be up, but they’re not. Yet, the Republican Congress… Has completely bungled the budget. There’s just a couple of days left. No pro-growth tax cuts, no strong communication of the economic successes and the boom, no reform of the spending cuts.

To help solve the affordability issue, people want more money in their pockets. It’s an old Republican theme and for some reason Republicans in Congress and the White House have forgotten it

Today, I just saw the vice president talked about $56 billion of waste fraud. Why isn’t that in the budget? Times 10 years, that would be $560 billion of spending cuts from waste, fraud and corruption. Why isn’t that in the budget? Anyway, if the GOP doesn’t wake up, if the GOP doesn’t start to develop some policies, and if the GOP doesn’t start to develop some significant messaging, then they may bungle not just the midterm election, but they may bungle the whole battle with this Democratic Socialism. And I can’t think of anything worse for America.

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