After Prabowo Subianto was elected president of Indonesia he said he would finally be able to “carry out programmes from papi”.The uncomfortable truth is that his father would be appalled by the economic populism masquerading as his legacy https://t.co/dBj1KRekuX ...

Political & Economic Analysis - The new bill is perceived as a reverse Robin Hood budget, transferring wealth from the poor to the rich [1][2] - Soft stagflation is anticipated, with rising inflation and a potentially softening labor market due to an economic slowdown [4] - Public opinion, even according to Fox News polls, is largely against the bill by 20 points, even before its effects are felt [7] - Democrats have an opportunity to capitalize on the bill's unpopularity and the Republican party's perceived lack of fiscal responsibility [8][10] - Economic populism is suggested as a counter-narrative to cultural populism, using the bill as an example [10] Midterm Elections & Political Strategy - The White House acknowledges potential blowback in the midterm elections, historically challenging for a president's first term [12][13] - The administration aims to fulfill campaign promises, including tax cuts, despite midterm election concerns [11][12] - Democrats are considering making JD Vance the face of the bill, particularly looking ahead to the 2028 presidential election, though focusing on Donald Trump and the Republican party as a whole may be more effective in the midterms [14][15][16] - The Republican party may struggle to credibly advocate for fiscal responsibility after Donald Trump's first term, during which the debt increased [8] - A past attempt to privatize social security under George Bush is cited as a cautionary tale of pursuing unpopular policies [17][18]