Republicans’ tense tango with populism

Published July 18, 2024 5:58pm ET



MILWAUKEE — Former President Donald Trump’s pick of Sen. J.D. Vance (R-OH) as his running mate, along with Vance’s acceptance speech praising the working man while bashing big business and elites, suggests that the Republican Party, long seen as the party of the rich, could become a working-class populist party.

It’s a natural progression in many ways for a party that was inching toward populism a decade before Trump’s drain-the-swamp talk. But Vance’s species of populism, which increases the government’s role in the economy and castigates corporate profits, is an odd fit in the GOP, which still hangs on to the limited-government principles Vance blasts as too “libertarian.” It’s also awkward at a convention populated by business owners, lobbyists, and Washington elites.

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