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Trump: Midterms Will Be Referendum on Prices and Economy

The 2026 midterm elections will be decided by prices and the state of the economy, President Trump has said

The White House is now focusing on issues of affordability and the cost of living as economic data show inflation is slowing and the economy is growing more than expected

Trump: Midterms Will Be Referendum on Prices and Economy Image Credit: Tasos Katopodis / Stringer / Getty Images
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The 2026 midterm elections will be decided by prices and the state of the economy, President Trump has said.

“I think it’s going to be about the success of our country. It’ll be about pricing,” Trump told Politico.

“Because … they gave us high pricing, and we’re bringing it down. Energy’s way down. Gasoline is way down.”

The White House is now focusing on issues of affordability and the cost of living as economic data show inflation is slowing and the economy is growing more than expected.

As Politico reports, “Trump’s acknowledgment that 2026 will focus on ‘pricing’ underscores the administration’s concern that the Democrats have, for the moment, a popular message. After insisting that affordability was a Democratic ‘con job’, Trump over the last few weeks has repeatedly sought to reframe the issue, arguing that it was the Democrats under Biden who caused prices to increase and that he is bringing them down.”

“Electricity is down. It’s way down,” Trump said.

“You know, when the gasoline goes down and when the oil and oil and gas go down, the electricity comes down naturally. But it’s all coming down. It’s all coming down. It’s coming beautifully.”

Trump also pointed to new growth figures that showed the American economy expanded at an annualized rate of 4.3% during the third quarter of this year.

“You saw the 4.3 percent?” Trump asked.

“The Democrats were exploding. Their heads were exploding.”

The President is now attempting to head off a potential government shutdown in January, by arguing that his party should scrap the filibuster.

“The filibuster is hurting the Republican Party,” Trump said, saying it should be eliminated “without question.”

“If you get rid of the filibuster, you’re not going to have a shutdown. You can do everything. You can do great health care if you get rid of the filibuster. We can do everything we want.”

Trump went on to say ending the filibuster would allow the Republicans to achieve other priorities, including legislation for voter ID.


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