Steelman · slot B
The grocery-aisle verdict
A Midwestern Democratic strategist would argue —Brent crude was $73 before this war and it's $111 now, with a four-year high of $126 last week. The 30-year mortgage has climbed from 5.98% to 6.3%, and the rate cuts families were counting on have been pushed into 2027. Tariffs are sitting on top of grocery bills. None of that shows up cleanly in a GDP print dominated by hyperscaler capex on data centers — but it absolutely shows up at the pump, at closing, and at checkout. Voters don't benchmark their lives against the Nasdaq. They notice that a tank of gas and a month's rent both got harder this year, and in November they will say so.