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Trump Urges Mamdani to ‘Cherish’ Billionaires

May 12, 2026 at 11:34 am EDT By Taegan Goddard Leave a Comment

President Trump urged New York City Mayor Zohran Mamdani to “cherish” billionaires like Ken Griffin after the Citadel CEO threatened to bolt from a Park Avenue skyscraper project and move to Miami in response to the socialist mayor’s attacks, the New York Post reports.

Said Trump: “When you lose people like that, it’s sort of not recoverable.”

He added: “Always you say something’s recoverable, right? But it’s not recoverable. Then they build something else. They’re going to be there for 30 years. They don’t come back. And you’ve got to do the opposite. You’ve got to cherish them.”

Trump Isn’t Setting Vance or Rubio Up for the Future

May 12, 2026 at 11:10 am EDT By Taegan Goddard Leave a Comment

David Graham: “The Iran war will pose a challenge for Vance, Rubio, or any other administration official who mounts a run. In that way, it’s a microcosm of two challenges that any would-be Trump successor will face. First, they will need to forge a base of support, which means trying to keep together as much of the MAGA coalition as possible. Trump’s ideological flexibility and personality-based politics have allowed him to assemble a group that doesn’t agree on anything except loving Trump and hating Democrats, and that group is already starting to splinter, in part due to criticism of his handling of the war. (Interestingly, Rubio and Vance are latecomers to Trumpism compared with many GOP voters.)”

“But just keeping a majority of the MAGA base united won’t be enough to win a general election. The second challenge will be for candidates to distance themselves from the things that have made Trump a historically unpopular president among the general population without infuriating Trump and alienating his hard-core supporters. Think about how loath Kamala Harris was to criticize Joe Biden during the 2024 election, and how that may have hurt her with swing voters—and then imagine how that might work with a president who is both more vengeful and more influential with his base.”

This Could Be the Least Competitive Election on Record

May 12, 2026 at 11:00 am EDT By Taegan Goddard Leave a Comment

G. Elliot Morris: “In 1976, the U.S. House of Representatives had 101 ‘structurally competitive’ congressional districts. By ‘structurally competitive,’ I mean seats that either party had a reasonable chance of winning in an electoral cycle that was perfectly tied nationally — those seats where the Democratic Party’s vote margin was within 5 points of the vote margin for the Demoratic nominee for president in the most recent election.”

“Last November, in contrast, the number of competitive seats was just 42. Under the new partisan gerrymanders that Republicans and Democrats (but mostly Republicans) have passed for the 2026 midterms, the number falls to a new all-time-low of 33.”

“That’s right: Just 33 out of 435 — less than 8% — of districts were decided by less than 5 points, in terms of partisan lean, last year.”


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Democratic Candidate Blames Staffer for Antisemitic Post

May 12, 2026 at 10:46 am EDT By Taegan Goddard Leave a Comment

Chris Rabb (D), who is locked in a tight primary for a seat in Congress, is disavowing an Instagram post that promoted an antisemitic conspiracy theory about the deadly Hanukkah massacre in Australia’s Bondi Beach, saying a former staffer was responsible, the Philadelphia Inquirer reports.

Pentagon Raises Cost of Iran War

May 12, 2026 at 10:41 am EDT By Taegan Goddard Leave a Comment

“The Pentagon put the cost of the war on Iran at ‘closer’ to $29 billion, roughly $4 billion more than two weeks ago,” the New York Times reports.

FBI Questions CIA Officers in Brennan Probe

May 12, 2026 at 10:37 am EDT By Taegan Goddard Leave a Comment

“The FBI has begun interviewing current and former CIA employees as part of the Department ​of Justice’s investigation into ex-CIA director John Brennan over his role in an intelligence finding that Russia interfered in the 2016 U.S. election to help Donald Trump,” Reuters reports.

Wall Street Journal Subpoenaed in Leak Inevstigation

May 12, 2026 at 10:34 am EDT By Taegan Goddard Leave a Comment

“The Wall Street Journal received grand jury subpoenas for reporters’ records as part of a Justice Department leak investigation, as the outlet said that they would oppose the effort,” Deadline reports.

Trump Has Gone From Unpredictable to Unreliable

May 12, 2026 at 10:10 am EDT By Taegan Goddard Leave a Comment

Vivian Salama: “Reliability. It’s a word I hear constantly from officials around the world when the conversation turns to the Trump administration—and especially, these days, the Iran war. In the past, Trump supporters, and even many U.S. allies, viewed Trump’s famous unpredictability as unorthodox but at times effective, a useful means of wrong-footing opponents or shaking up the tired status quo.”

“Many now see something more unsettling in Trump’s international relations, including in the 10-week war: What once was viewed as strategic unpredictability now feels like destabilizing unreliability.”

The Shadow Docket for Dummies

May 12, 2026 at 10:05 am EDT By Taegan Goddard Leave a Comment

John Oliver explains the “shadow docket” — which has become a shortcut for rapidly advancing the Trump administration’s agenda through the nation’s highest court.

Trump Has Another Medical Check Up Later This Month

May 12, 2026 at 9:48 am EDT By Taegan Goddard Leave a Comment

“President Donald Trump is scheduled to see doctors for a medical and dental checkup this month — his fourth publicized visit to medical experts since returning to office — in what the White House describes as an annual physical and regular preventive care,” the AP reports.

Trump Says the White House Was a ‘Shit House’

May 12, 2026 at 9:21 am EDT By Taegan Goddard Leave a Comment

President Trump complained that the White House was a “shit house” when he moved back in for his second term, claiming that the columns were “falling down” and plaster “falling off,” Mediaite reports.

Trump Faces Uphill Climb on Suspending Gas Tax

May 12, 2026 at 9:20 am EDT By Taegan Goddard Leave a Comment

“President Trump’s endorsement of suspending federal gas taxes pushes the idea higher on the political radar, but it still faces long odds,” Axios reports.

“Why it matters: Some Republicans rushed to introduce bills, and a few Democrats have already endorsed the idea — but there are still serious obstacles that could keep Trump’s comments from becoming reality.”

America Is Scaling Sin in Real Time

May 12, 2026 at 9:19 am EDT By Taegan Goddard Leave a Comment

Axios: “Las Vegas has long been known as Sin City for its 24/7 access to all kinds of indecencies.”

“America is quickly becoming Sin Nation. Or, as President Trump put it while discussing prediction markets in the Oval Office last month: ‘The whole world, unfortunately, has become somewhat of a casino.’”

“Once-forbidden vices — weed, gambling and porn — are no longer confined to back alleys or the desert. They’re ubiquitous, digital and spreading at a pace that has outstripped the country’s social and regulatory guardrails.”

“Governments didn’t turn a blind eye to most of this behavior. They encouraged it. We’re scaling sin in real time.”

Trump Officials Pitch GOP Lawmakers on Ballroom

May 12, 2026 at 9:16 am EDT By Taegan Goddard Leave a Comment

“A growing number of Republicans are complaining funding President Donald Trump’s ballroom security sends a tone-deaf message as voters struggle with higher gas and grocery prices,” Politico reports.

Axios: Republicans turn ballroom fight into referendum on Trump’s safety.

Steel Tariffs Are Raising the Price of Canned Foods

May 12, 2026 at 9:13 am EDT By Taegan Goddard Leave a Comment

“The simple tin can is proving to be one of the toughest tests for President Trump’s tariffs,” the New York Times reports.

“Just over a year ago, Mr. Trump imposed high tariffs on steel to try to stifle imports of the metal and bolster domestic production.”

“But imports of the kind of steel used to make cans surged in 2025, and American can makers say they will remain heavily dependent on foreign supplies — now made more expensive by the tariffs — for a long time.”

Trump Faces an Emboldened China

May 12, 2026 at 9:11 am EDT By Taegan Goddard Leave a Comment

“When President Trump returns to China nearly a decade after his last visit, he will find a country that is more self-sufficient, militarily assertive and economically insulated from the tools the president has used to stymie it and its ambitions,” the Wall Street Journal reports.

“China has caught up to or surpassed the U.S. in technologies such as batteries, robotics and advanced manufacturing. Its naval fleet is now the world’s biggest, while its nuclear arsenal keeps growing. It knows it has the capacity to respond to the many threats that Trump issues, with restrictions on rare-earth minerals or with other moves.”

“All of this has altered the balance of power between the U.S. and China, making it more likely that Beijing digs in on core issues of contention, say analysts and diplomats.”

Washington Post: Confident in China’s power, Xi is ready to host an unpredictable Trump.

Quote of the Day

May 12, 2026 at 9:09 am EDT By Taegan Goddard Leave a Comment

“We have a man who is doing a great job. I knew it! Because he kept me out of jail for years. Acting Attorney General Todd Blanche. He kept me out of jail.”

— President Trump, speaking at the White House.

Inflation Soared to 3.8% in April

May 12, 2026 at 9:02 am EDT By Taegan Goddard Leave a Comment

Wall Street Journal: “Consumer prices rose 3.8% in April from a year earlier, a clear impact of higher gas prices since the start of the war with Iran.”

“The figures, reported Tuesday by the Labor Department, surpassed the previous month’s reported increase of 3.3%. Economists polled by The Wall Street Journal had expected inflation of 3.7%.”

Washington Post: Iran war pushed inflation to highest rate in nearly three years.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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