3 weeks ago

Trump's billionaire backers face costly political backlash over unpopular policies

Trump's billionaire backers face costly political backlash over unpopular policies
Why America’s billionaires are finding their support for Trump increasingly costly · financialexpress.com

Some very rich people helped Donald Trump become president.

At first, Trump was very friendly to them and gave them lots of power.

But now, many regular people are unhappy with Trump.

He promised to make prices lower, but prices are still high.

He also started a trade war and a war with Iran, and people did not like that.

People who want to be elected are now attacking Trump's rich friends.

In Michigan, a doctor named Abdul El-Sayed won an election by promising to tax rich people more and to control big computer buildings.

In Florida, a man named James Fishback became popular with some voters who want to ban those buildings completely.

People are angry because rich people keep getting richer while jobs are uncertain and electricity bills go up.

Key facts

Michigan Senate primary winner
Abdul El-Sayed, defeating Representative Haley Stevens
Margin of victory
About 1 percentage point
Campaign platform
Crack down on monopolies, tax billionaires, regulate AI, and pause new data centers
Outside spending
El-Sayed was outspent nearly 10 to 1, including by a group tied to the American Israel Public Affairs Committee (AIPAC)
High-profile supporters
Bernie Sanders and Alexandria Ocasio-Cortez
Florida governor primary candidate
James Fishback, who calls to ban data centers outright
Backlash targets
Elon Musk, Jeff Bezos and other Trump-allied billionaires
Voter grievances
Job losses, rising electricity bills tied to data-center power demand, and concentrated corporate power

Sources

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