The last time Larry Jost, a sixth-generation Wisconsinite, even considered supporting a Republican was in primary school. “I had an ‘I like Ike’ pin just because I liked the rhyme,” he says. His town of Alma, with two main streets, is tucked along the Mississippi River between a dam and limestone bluffs. Every Wednesday morning he gathers in his wife’s art gallery with members of his book club, including a retired local judge, a carpenter and a farmer. Recently they discussed an anthology of short stories edited by Langston Hughes. “We’re the last Democrats in Buffalo County and that’s why we meet back here in Kevlar vests,” jokes one member.
Their species became endangered abruptly. In every presidential election between 1988 and 2012, Buffalo County voted for the Democratic candidate. But in 2016 Donald Trump won the county by 22 points and wrested Wisconsin from the Democrats while forging his electoral-college victory over Hillary Clinton. Mr Trump carried Buffalo easily again in 2020 as he lost Wisconsin to Joe Biden by a mere 20,000 votes out of more than 3m cast.
As Mr Trump opens formidable polling leads in Nevada, Arizona and Georgia—other swing states Mr Biden won in 2020—Wisconsin’s significance has grown. Mr Biden may need to win all of the demographically similar states formerly mislabelled as the Blue Wall: Pennsylvania, Michigan and Wisconsin. Barring surprises elsewhere, if Mr Biden swept those three and won one of Nebraska’s split electoral votes, a likely prospect, he would be re-elected, barely.
The contest emerging in Wisconsin is striking in part because it complicates the story of Mr Trump’s success with rural white voters. They comprise a far greater share of Wisconsin’s electorate than of any other state rated by non-partisan analysts as a toss-up in 2024 (see chart). Yet Wisconsin’s rural white voters have remained decidedly less Republican than those in other swing states.
Rural white voters†, 2020
Share of total
votes cast, %
Republican margin,
percentage-points
Rural white voters†, 2020
Share of total votes cast, %
Republican margin, percentage-points
Rural white voters†, 2020
Share of total votes cast, %
Republican margin, percentage-points
In 2020 Mr Biden lost the segment in Wisconsin by 24 points, compared with 43 points nationally. In Pennsylvania and Michigan Mr Trump won the rural-white vote by 44 points and 31 points, respectively. A recent survey by Marquette Law School showed Mr Biden improving slightly with Wisconsin’s rural voters over 2020, although this was more than offset by a decline among suburbanites.
Mr Jost and his book-club members, then, are perhaps not so anomalous: the state’s Democratic coalition relies significantly on rural white voters. Why is Wisconsin’s liberal vote in the countryside relatively resilient? The most obvious reason is the state’s long history as a bastion of agrarian progressive politics, exemplified by the career of Robert La Follette, a three-term governor and three-term senator early in the 20th century who championed progressive taxation and government investment in rural areas. He and his successors in Wisconsin politics, who eventually migrated to the Democratic Party, won backing from “agrarian progressives who actually thought government was a good thing because it brought them things like rural electrification and utilities and highways”, says Barry Burden, a political scientist at the University of Wisconsin-Madison. That outlook has not vanished.
A step to the right
Presidential vote margin by county, percentage points, sized by population
The recent turn to anti-government populism dates to 2010, as the Tea Party wave crested. That year, Republicans flipped all three branches of the state’s government and Scott Walker became governor on a message demonising public employees and their pensions. Dozens of rural counties that had voted consistently for Democrats backed him. What Mr Walker planted, Mr Trump has reaped.
In addition to Wisconsin’s progressive traditions, other factors may limit Mr Trump’s vote, however. Wisconsin has small- to medium-sized state university campuses spread throughout its territory. (Mr Biden does best among younger and college-educated rural voters.) And because the state has a relatively balanced mix of suburban and rural populations, and of university graduates and non-college-educated voters, polarisation in recent years has been symmetrical. In four of the past six presidential elections, the winning candidate’s margin of victory has been less than one percentage point.
Top: Gary Herritz, of Hill Point, WI, is an ardent Donald Trump supporter whose main concern in the election is to see Mr Trump returned to the White House. Bottom: Jennifer Paul, of Hill Point, WI, cited the rise in the cost of living as her top political concern. She said she intended to vote for Mr Trump. Image: Matthew Ludak
Infamously to Democrats, Mrs Clinton did not visit Wisconsin once during her 2016 general-election campaign. Mr Biden and Kamala Harris have already visited it a combined eight times this year. They don’t often rally in rural areas but of the 46 offices the Biden campaign has opened in Wisconsin—more than in any other swing state—nearly half are in rural counties.
Republicans are betting that this outreach, a strong Democratic state party and emotive issues such as abortion rights and the insurrection of January 6th cannot compete with Mr Trump’s personal appeal to rural voters. His win in Wisconsin in 2016 was the first by a Republican in 32 years, and he achieved it with little campaign infrastructure. The Wisconsin Republican Party remains well-organised and “has gotten very good at turning out votes”, notes Mark Graul, a Republican strategist who ran George W. Bush’s 2004 re-election campaign in the state.
“Which candidate is better on these issues?”
Wisconsin, percentage-point margin*
*Poll of registered voters
Source: Marquette Law School Poll
“Which candidate is better on these issues?”
Wisconsin, percentage-point margin*
*Poll of registered voters
Source: Marquette Law School Poll
“Which candidate is better on these issues?”
Wisconsin, percentage-point margin*
*Poll of registered voters
Source: Marquette Law School Poll
Mr Biden’s biggest problem is that he is seen as performing abysmally on the economy and immigration, the issues rural voters—and others—cite as most important. In the Wisconsin countryside, as in much of rural America, the problems are entrenched: declining populations, blighted main streets, dwindling access to health care and shuttered family farms. Charlene, a farmer in western Wisconsin who works a second job as a cleaner to supplement her family’s income, says she’ll be voting for Mr Trump because of his strength on the economy and health care. Her son struggled to afford care when he fell ill recently. Because of Republican resistance, Wisconsin remains one of ten states yet to expand Medicaid to cover those whose incomes fall just above the poverty line.
Top: Mark Weihing, photographed in Sauk County, WI, is a lifelong Republican but has become disillusioned with his party. He said he would not vote for Mr Trump in November but declined to say who he favoured. Bottom: Greg Snell, of Sauk City, WI, is a small-business owner who views Donald Trump as a “loud mouth bully.” He said he will vote for Joe Biden in November. Image: Matthew Ludak
Democrats tout their commitment to rural investment. For example, the bipartisan infrastructure bill that Mr Biden signed pledges to invest some $1.4bn in Wisconsin to deliver high-speed internet service to underserved areas, partly to tackle rural isolation from the information economy. But the process will be slow. Mr Biden can complain that he does not get credit for his economic achievements, but his technocratic policies and messages about preserving democratic norms do not resonate with rural voters who have “a tangible feeling that the political system is broken”, says Bill Hogseth, a community organiser in western Wisconsin.
The familiar meme of rural white rage can be overdrawn. Still, when rural voters hear Mr Trump say that Washington is a mess and they have a right to be angry, his words strike a chord, Mr Hogseth reports. “There’s a lot of anger here, and so when you have a candidate who’s willing to name that, it’s going to get some traction.” ■
THE FIRST shot against America’s senior military leaders was fired within hours of Donald Trump’s inauguration on January 20th: General Mark Milley’s portrait was removed from the wall on the E-ring, where it had hung with paintings of other former chairmen of the joint chiefs of staff. A day later the commandant of the coast guard, Admiral Linda Fagan, was thrown overboard. On February 21st it was the most senior serving officer, General Charles “CQ” Brown, a former F-16 pilot, who was ejected from the Pentagon. At least he was spared a Trumpian farewell insult. “He is a fine gentleman and an outstanding leader,” Mr Trump declared.
The struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz’ government during the latest election campaign — but analysts warn a new leadership might not turn these tides.
As voters prepare to head to the polls, it is now all but certain that Germany will soon have a new chancellor. The Christian Democratic Union’s Friedrich Merz is the firm favorite.
Merz has not shied away from blasting Scholz’s economic policies and from linking them to the lackluster state of Europe’s largest economy. He argues that a government under his leadership would give the economy the boost it needs.
Experts speaking to CNBC were less sure.
“There is a high risk that Germany will get a refurbished economic model after the elections, but not a brand new model that makes the competition jealous,” Carsten Brzeski, global head of macro at ING, told CNBC.
The CDU/CSU economic agenda
The CDU, which on a federal level ties up with regional sister party the Christian Social Union, is running on a “typical economic conservative program,” Brzeski said.
It includes income and corporate tax cuts, fewer subsidies and less bureaucracy, changes to social benefits, deregulation, support for innovation, start-ups and artificial intelligence and boosting investment among other policies, according to CDU/CSU campaigners.
“The weak parts of the positions are that the CDU/CSU is not very precise on how it wants to increase investments in infrastructure, digitalization and education. The intention is there, but the details are not,” Brzeski said, noting that the union appears to be aiming to revive Germany’s economic model without fully overhauling it.
“It is still a reform program which pretends that change can happen without pain,” he said.
Geraldine Dany-Knedlik, head of forecasting at research institute DIW Berlin, noted that the CDU is also looking to reach gross domestic product growth of around 2% again through its fiscal and economic program called “Agenda 2030.”
But reaching such levels of economic expansion in Germany “seems unrealistic,” not just temporarily, but also in the long run, she told CNBC.
Germany’s GDP declined in both 2023 and 2024. Recent quarterly growth readings have also been teetering on the verge of a technical recession, which has so far been narrowly avoided. The German economy shrank by 0.2% in the fourth quarter, compared with the previous three-month stretch, according to the latest reading.
Europe’s largest economy faces pressure in key industries like the auto sector, issues with infrastructure like the country’s rail network and a housebuilding crisis.
Dany-Knedlik also flagged the so-called debt brake, a long-standing fiscal rule that is enshrined in Germany’s constitution, which limits the size of the structural budget deficit and how much debt the government can take on.
Whether or not the clause should be overhauled has been a big part of the fiscal debate ahead of the election. While the CDU ideally does not want to change the debt brake, Merz has said that he may be open to some reform.
“To increase growth prospects substantially without increasing debt also seems rather unlikely,” DIW’s Dany-Knedlik said, adding that, if public investments were to rise within the limits of the debt brake, significant tax increases would be unavoidable.
“Taking into account that a 2 Percent growth target is to be reached within a 4 year legislation period, the Agenda 2030 in combination with conservatives attitude towards the debt break to me reads more of a wish list than a straight forward economic growth program,” she said.
Franziska Palmas, senior Europe economist at Capital Economics, sees some benefits to the plans of the CDU-CSU union, saying they would likely “be positive” for the economy, but warning that the resulting boost would be small.
“Tax cuts would support consumer spending and private investment, but weak sentiment means consumers may save a significant share of their additional after-tax income and firms may be reluctant to invest,” she told CNBC.
Palmas nevertheless pointed out that not everyone would come away a winner from the new policies. Income tax cuts would benefit middle- and higher-income households more than those with a lower income, who would also be affected by potential reductions of social benefits.
Coalition talks ahead
Following the Sunday election, the CDU/CSU will almost certainly be left to find a coalition partner to form a majority government, with the Social Democratic Party or the Green party emerging as the likeliest candidates.
The parties will need to broker a coalition agreement outlining their joint goals, including on the economy — which could prove to be a difficult undertaking, Capital Economics’ Palmas said.
“The CDU and the SPD and Greens have significantly different economic policy positions,” she said, pointing to discrepancies over taxes and regulation. While the CDU/CSU want to reduce both items, the SPD and Greens seek to raise taxes and oppose deregulation in at least some areas, Palmas explained.
The group is nevertheless likely to hold the power in any potential negotiations as it will likely have their choice between partnering with the SPD or Greens.
“Accordingly, we suspect that the coalition agreement will include most of the CDU’s main economic proposals,” she said.