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"Part of the reason I think that it was so compelling was precisely that it was an experiment and not something more sophisticated," says Lindsay Owens, Groundwork's executive director, who worked on the study. "We were all sort of unwitting lab rats in the end."
“It’s disastrous for Republicans,” said Alex Jacquez, who served as a special assistant to former President Biden for economic development and industrial strategy. “This is already shaping up to be a midterm that is going to be solely about the cost of living.”
The longer the war lasts, “the less certain that future becomes,” said Alex Jacquez of the progressive group Groundwork Collaborative. One reason: supply chains may have to “completely reorient” to account for a closed Strait of Hormuz, he said.
"Think whatever you want about the Jones Act... the impact on retail gas prices will be less than 2 cents a gallon. Negligible,” Alex Jacquez, chief of policy and advocacy at the left-leaning Groundwork Collaborative said in a social media post.
The political pressure for refunds has also been on the rise with new polling — conducted by left-leaning groups Groundwork Collaborative and Data for Progress — finding that about 80% of likely US voters say that tariff refunds should be issued.
Alex Jacquez: “We are seeing inflation that is not reaching that 2% target that the Fed would like us to see. We lost 92,000 jobs last month. And now we have an oil and energy spike that is going to hit people at the gas pump, it’s going to hit airfare, it’s going to hit food and agriculture costs all across the economy.”
The fallout from Trump’s reckless policies goes beyond high prices as overall economic growth stalls.
“Think whatever you want about the Jones Act — and I know some of you do — the impact on retail gas prices will be less than 2 cents a gallon,” Alex Jacquez, chief of policy and advocacy at the Groundwork Collaborative, a research group, said in a post on X. “Negligible.”
President Trump’s tariffs have already cost the average American family $1,200, and new polling from Groundwork Collaborative and Data for Progress shows voters want the Trump administration to refund that money back directly to consumers.
Emily DiVito, senior adviser for economic policy at Groundwork Collaborative, said, “The steady rise in the use of buy now, pay later loans to cover the basics, like groceries and rent, is a warning sign that working families are under real financial strain. Prices for essentials are climbing as a result of the president’s reckless economic policies, wages aren’t keeping pace, and hardworking Americans are being pushed into cycles of debt just to make ends meet.”