Warren for Senate

This is a longer note — but it’s important.

Plain and simple: Trump’s economy is not looking good.

Inflation is up. Prices are soaring with new, outrageous tariffs taking effect recently. Job numbers are down.

That’s the main story that Trump is desperately trying to run from right now — throwing every distraction at the wall from hanging out on the White House roof to firing the experts who objectively report on economic conditions.

But there’s a deeper story about the economy happening beyond the countless headlines and topline numbers that I want to talk about.

It’s a story that I hear from Americans time and time again: It’s harder and harder to get ahead, and it feels like the economy is rigged.

We’re not imagining things. In fact, we have the data to back it up. It’s a little wonky, but when you dive in, there’s a clear picture that emerges — one where 40 years of policies aimed at enriching a handful at the top have opened cracks in our once-solid American middle class.

So let’s rewind for a second — back to the year 2000, when *NSYNC topped the charts and America accounted for a quarter of all manufacturing in the entire world. Today, it’s 16%. Critical industries and supply chains have disappeared. From semiconductors to prescription drugs, America has outsourced even our most basic needs to other countries.

What happened to the American worker in this story? Well, GDP kept right on climbing, but wages flattened out. The lowest-paid workers saw their wages rise just 6.5% in 40 years.

But the top earners? Their incomes jumped by more than 40%.

Meanwhile, costs for families exploded. Sure, flat-screen TVs were cheaper. But since 1990, the cost of housing is up 174%. Child care? A 220% increase. And health care is up a whopping 270%.

From the outside looking in, it might look like the American economy is booming — the stock market hit record highs, inflation has receded from its peak, and unemployment is low. And there are plenty of headlines about “resilient” consumer spending.

But this obscures the troubling reality underneath: The wealthiest 10% of folks now account for nearly half of all personal spending. That’s up from 43% from just before the pandemic.

So yes — Jeff Bezos may be spending $50 million on his Venetian wedding, but the majority of our country is struggling to afford simple pleasures like groceries and rent.

I’ve dedicated my career to fighting for policies that will make our economy work for the middle class — not just CEOs. If you’re with me in the fight for affordable housing, universal child care, paid family leave, and lowering the costs of healthcare — chip in what you can to power our grassroots-funded movement.

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Seven months of the new Trump administration has sharply exposed those cracks in our economic foundation and strained an already-precarious situation. Trump and the GOP wasted no time widening that divide between the top 10% and everyone else by:

Kicking 17 million people off their health insurance to give handouts to billionaires;
Stripping food assistance from families to give Meta and Google another tax cut;
Playing games with arbitrary, chaotic tariffs that are raising the cost of everything from a cup of coffee to prescription drugs.

From a president who promised to lower costs on “Day One”, it’s been a one-two-three punch of tariff chaos, deficit-busting tax giveaways, and financial deregulation that can eventually blow up this economy. And, once again, the pain will fall mostly on America’s working families.

But there’s another way forward. We’ve got to do more than just contain the damage from Trump. That’s why I’m leading the fight for investments in a new economy that will actually work for working people. Here are a few places to start:

We’ve got to build more housing, cut red tape, and take on corporate landlords. My new bipartisan bill would build three million new or rehabilitated homes, lower rents by 10%, and save the average family $140 per month.
Second, we’ve got to support child care. The average yearly cost for child care in DC is $25,480. That’s outrageous. Investing in affordable, high-quality child care would let us lower costs for families and grow our labor force.
Finally, we’ve got to make investments in education and health care, giving people a chance to build better skills and stay healthier.

The problem is pretty straightforward. Too many economic policies in Washington are short-sighted, shaped by the rich and powerful, to benefit the rich and powerful.

But the American people have had enough. They may shift around on who they think will deliver change, but the demand for change is growing stronger.

All we need is the will to relentlessly put working people first — building an economy that all Americans can finally afford. That’s what I’m calling on the Democratic party to lead on.

I’m going to continue fighting my heart out for this. We’ve got the vision. We just need more leaders fighting for it. If you’re with me, please chip in $28 or anything you can so we can continue campaigning for a government that works for working people.

Thanks for reading — and thanks for being a part of this,

Elizabeth

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