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POLL SHOCKER: Socialism Is Infecting The GOP As Well

Finding out that, by a 3-to-2 margin, Americans think the country is “evolving into a big government socialist state” is bad enough. Far more worrisome is finding out how many Republicans and self-styled conservatives are on board with one of socialism’s central tenets.

The latest I&I/TIPP Poll, which we are reporting on today, finds that nearly half of Americans agree that we’re sliding into socialism, and less than a third disagree. (See: “By 3-To-2 Margin, Americans Believe U.S. Is Turning Into A ‘Socialist State’: I&I/TIPP Poll.”)

It also finds that Republicans are more pessimistic about the future than Democrats, which strikes us as defeatism on the part of the GOP and willful ignorance by Democrats, whose party is now controlled by the Democratic Socialists of America.

The really disturbing findings in the poll were when we started asking about policy positions endorsed by the DSA.

We’re not too surprised that 51% of liberals say they’re “willing to pay higher taxes to support more social programs.” (Although the number should be 100%.)

But why do 30% of Republicans feel this way? And why in the world would more than one in five “conservatives” say they’d pay higher taxes for more services?

It gets worse.

The poll also asked whether respondents “believe the government should own key industries such as healthcare and energy.”

Incredibly, 43% of Republicans agree, as do 41% of conservatives. That’s barely different than the share of liberals who want government ownership of key industries. (See the chart above.)

What in God’s name is going on here?

Does this reflect the rise of “nationalist” conservatives, who distrust the private sector and like big government almost as much as liberals? (Vice President JD Vance, who has described himself as “postliberal” conservative, was last seen bashing Milton Friedman in an interview that our friend Steve Moore described as “anti-free-market, big government gobbledygook.”)

Is it the result of President Donald Trump’s push to have the government buy up shares in companies? The New York Times reported this week that “over the past year, the Trump administration has made deals to acquire equity stakes in more than two dozen firms, an unusual practice that has extended the government’s influence over industries including semiconductors, nuclear energy, minerals, quantum computers and steel.”

Is it something in the water?

The only good news we can find in this poll is that your average Democrat isn’t at all on board with the socialists taking control of their party, which will become clear when we report on support for other DSA policy positions next week.

But what hope is there for the country if Republicans – and even more alarmingly, conservatives – have bought into a major plank in the socialist agenda?

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📊 Market Mood · July 17, 2026
How the trading day is setting up.

🟩 Markets are ending the week on a cautious note as investors rotate out of semiconductor stocks despite strong earnings, signaling that lofty AI expectations are becoming harder to satisfy.

🟧 Geopolitical tensions remain elevated after renewed U.S.-Iran hostilities in the Gulf, keeping energy markets and inflation risks firmly on investors' radar.

🟦 Investors are looking beyond earnings toward the broader economy, with today's housing, manufacturing, and consumer sentiment data expected to provide a fresh read on U.S. growth.

🟨 The market is becoming increasingly selective, rewarding companies that deliver tangible earnings and cash flow while showing less patience for expensive AI valuations.

🗓️ Key Economic Events
On today's U.S. data calendar.

🟧 8:30 a.m. ET — Housing Starts & Building Permits (June)
Housing Starts: Forecast: 1.33M | Previous: 1.18M
Building Permits: Forecast: 1.40M | Previous: 1.41M
A key gauge of housing demand and future construction activity, offering insight into one of the economy's most interest-rate-sensitive sectors.

🟧 9:15 a.m. ET — Industrial Production (June)
Forecast: +0.2% m/m | Previous: +0.1%
A measure of factory, mining, and utility output that helps assess the strength of U.S. manufacturing and overall economic momentum.

🟧 10:00 a.m. ET — University of Michigan Consumer Sentiment (Preliminary, July)
Forecast: 51.0 | Previous: 49.5
Markets will focus on consumer confidence and inflation expectations for clues about future spending and the outlook for Federal Reserve policy.

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