In Texas' 2026 Democratic U.S. Senate primary, voters had a choice between a centrist — State Rep. James Talarico, a Presbyterian seminarian — and a liberal/progressiveIn Texas' 2026 Democratic U.S. Senate primary, voters had a choice between a centrist — State Rep. James Talarico, a Presbyterian seminarian — and a liberal/progressive

Nobel economist lays out Trump’s weaknesses in key red state

2026/03/06 03:14
4 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

In Texas' 2026 Democratic U.S. Senate primary, voters had a choice between a centrist — State Rep. James Talarico, a Presbyterian seminarian — and a liberal/progressive firebrand: Rep. Jasmine Crockett, who is quite popular on the left wing of her party. Lone Star Democrats went with Talarico, who will go up against either incumbent Sen. John Cornyn (R-Texas) or far-right Texas Attorney General Ken Paxton after Republicans choose their candidate.

Conservatives are taking Talarico seriously. Senate Majority Leader John Thune (R-South Dakota) believes that the state lawmaker is capable of winning in November if Cornyn isn't the GOP nominee. A Talarico victory in the general election would be a political bombshell, as Texas hasn't had a Democratic U.S. senator since 1993. MS NOW's Chris Jansing is reporting that President Donald Trump plans to endorse Cornyn, not Paxton.

In a Substack column published on March 5, liberal economist Paul Krugman emphasizes that if Democrats are going to start winning statewide races in Texas again, they will need a thorough understanding of the state's economic complexities. And he believes that the MAGA movement is vulnerable in the Lone Star State.

"Talarico, a virtual political nobody six months ago, appears to have a good chance of winning that contest," Krugman explains. "But why has Texas been such a Democratic disappointment for all these years? And what do those disappointments portend for Talarico? Let's begin by understanding that a state's politics often follow economics…. Texas' economic growth is a major reason Democrats perennially hope that they will someday turn the state blue. For in modern America, rich states tend to vote Democratic, while poor states vote Republican: Think Massachusetts versus Mississippi."

Krugman adds, "So as Texas grows richer and more sophisticated, won't it eventually free itself of rabid, backward-looking Republicanism?"

The economist's answer to that question is: not necessarily.

"My initial thought was that economic success might indeed cause Texas to flip politically," Krugman writes. "But the more I look at it, the less convincing I find that case. Why? Because Texas' economic story isn't what many people — including Republicans who boast about it — think it is. And that's an important point even aside from politics. Why has the economy of Texas grown more rapidly than the US economy as a whole? Conservatives like to attribute growth to low taxes. But the claim that low taxes lead to rapid economic growth has been more thoroughly tested in practice than any other proposition in economics, and has failed every time."

Krugman continues, "What Texas does do right, however, is let businesses build stuff, especially housing, in stark contrast with the regulations and multiple veto points that strangle construction in many blue states…. The same openness to building that has held the cost of Texas housing down has also helped the state become by far the nation's largest producer of wind energy. Don't tell Trump."

Krugman is skeptical about Texas becoming a full-fledged blue state anytime soon, but he believes it could evolve into a swing state if Democrats understand its economy and play their cards right.

"So the point here is that while Texas could be shifting towards the blue zone, it won't come easily," the former New York Times columnist argues. "It won’t be a simple matter of a state becoming more progressive as a result of economic progress. In other words, Texas is not about to become New Jersey, or even Colorado. But with the right Democratic candidates, who can straddle the divide between urban Democrats and non-urban Republicans, it could become Georgia. And maybe, just maybe, Texas could blaze the trail for Democrats in other deep red states."

  • george conway
  • noam chomsky
  • civil war
  • Kayleigh mcenany
  • Melania trump
  • drudge report
  • paul krugman
  • Lindsey graham
  • Lincoln project
  • al franken bill maher
  • People of praise
  • Ivanka trump
  • eric trump
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Two companies account for 97% of the market, and transaction volume surges by 1100%: Predicting the reshaping of the market landscape and the next wave of entrepreneurial opportunities.

Two companies account for 97% of the market, and transaction volume surges by 1100%: Predicting the reshaping of the market landscape and the next wave of entrepreneurial opportunities.

Author: MetaHub Research Introduction: Redefining the Boundaries of Prediction Markets Prediction markets are markets that allow participants to trade on the outcomes
Share
PANews2026/03/06 08:30
The U.S. Securities and Exchange Commission (SEC) dismissed charges against Justin Sun and the Tron Foundation; Rainberry agreed to pay a $10 million fine.

The U.S. Securities and Exchange Commission (SEC) dismissed charges against Justin Sun and the Tron Foundation; Rainberry agreed to pay a $10 million fine.

PANews reported on March 6th that, according to The Block, the U.S. Securities and Exchange Commission (SEC) has dropped its 2023 charges against TRON founder Justin
Share
PANews2026/03/06 08:05
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52