President Donald Trump’s war against Iran has politically “backfired” terribly, a prominent centrist think tank scholar and columnist argued on Wednesday.“WhenPresident Donald Trump’s war against Iran has politically “backfired” terribly, a prominent centrist think tank scholar and columnist argued on Wednesday.“When

'Backfired': WSJ editorial says Trump's in trouble

2026/03/26 06:33
4 min read
For feedback or concerns regarding this content, please contact us at [email protected]

President Donald Trump’s war against Iran has politically “backfired” terribly, a prominent centrist think tank scholar and columnist argued on Wednesday.

“When the current war began, public support was lower than for any other major conflict undertaken in nearly a century,” explained Wall Street Journal columnist William A. Galston. “Before attacking Iran, however, Mr. Trump offered only a cursory rationale to Congress and the American people. The need for surprise might conceivably have justified his near-silence on such a grave matter.”

He added, “But there is no justification for his failure to offer a systematic and sustained case for the war once it began,” describing Trump’s unilateral approach to global conflict as having “backfired” with average support for the war falling to 39 percent.

“The American people don’t think that the president has clearly explained the goals of the war, and the share who think he has done so is smaller today than it was at the beginning,” Galston said. “Americans have concluded that the war will weaken the economy and leave the country less safe. They believe that it is a war of choice, not necessity, and that it is going badly. And despite the administration’s call for short-term sacrifice, people reject paying more for gasoline as their patriotic duty by a margin of 2 to 1.”

Lest anyone doubt the immediate political implications of these findings for Trump, Galston pointed out that the president is losing support among precisely those groups that gravitated toward him in 2024.

“One quarter of the Americans who voted for him in 2024 disapprove of his Iran policy, and this disapproval is especially high among groups who moved strongly toward him during that election: 56% among young adults, 62% for Hispanics and independents,” Galston wrote. “These statistics signal more than a political threat for Mr. Trump and the Republicans who must face voters this fall. They represent a challenge to the democratic legitimacy of the most solemn decision that a nation can make.”

He ultimately opined, “It’s up to the president to conclude this war in the way that does the least damage to our national interest—and to the people’s waning confidence in their public institutions.”

Influential conservative thought leaders are also turning on the Iran war. Megyn Kelly reported that she had “serious doubts” shortly after the invasion, while former Rep. Marjorie Taylor Greene suggested Trump had literally gone insane. Former Fox News host Tucker Carlson accused Trump of going to war for Israel, saying “this happened because Israel wanted it to happen. This is Israel’s war,” adding that “this country has certainly been manipulated a lot by Israeli intelligence—and other foreign countries’ intelligence, but certainly by Israeli intelligence.” He was joined by the pro-Trump Hodge Twins, a pair of popular MAGA influencers, similarly said that “we are at war for Israel. Thanks for confirming.”

Finally popular right-wing podcaster Joe Rogan said after Trump invaded Iran that “it just seems so insane, based on what he ran on. I mean, this is why a lot of people feel betrayed, right? He ran on, ‘No more wars,’ ‘End these stupid, senseless wars,’ and then we have one that we can’t even really clearly define why we did it.” Meanwhile former Rep. Joe Walsh (R-Ill.), a former Trump supporter, cited the invasion as proof that Trump supporters are in a cult.

“And you don’t like when people call you a cult, Trump voters?” Walsh argued. “What else are people to think when you voted for Trump to get us the hell out of wars around the world, and instead he gets us involved in wars around the world and starts new wars, and you still sing his praises and support him? What are we to think, MAGA, but that you are a cult?”

He wrapped it up, “You’ve got no argument against people calling you a cult. And if he takes us to war against Iran, and you clap and applaud and throw him flowers, Trump supporters, I will be at the front of the parade calling you a cult.”

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$2.992
$2.992$2.992
-0.46%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market

Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market

The post Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market appeared on BitcoinEthereumNews.com. Morgan Stanley Eyes Bitcoin
Share
BitcoinEthereumNews2026/03/29 03:33
USDH Power Struggle Ignites Stablecoin “Bidding Wars” Across DeFi: Bloomberg

USDH Power Struggle Ignites Stablecoin “Bidding Wars” Across DeFi: Bloomberg

A heated contest for control over a new dollar-pegged token has set the stage for what analysts say could define the next phase of the stablecoin industry. According to Bloomberg, a bidding war unfolded on Hyperliquid, one of crypto’s fastest-growing trading platforms, with the prize being the right to issue USDH, its native stablecoin. The competition drew some of the sector’s most prominent names, including Paxos, Sky, and Ethena, who later withdrew their bid, alongside the lesser-known Native Markets, a startup backed by Stripe stablecoin subsidiary Bridge. Hyperliquid Stablecoin Race Shows Branding and Partnerships Matter as Much as Tech Over the weekend, Hyperliquid’s validators, the contributors who secure the network and vote on key decisions, awarded the USDH contract to Native Markets over the weekend. Despite its relatively new status, the firm’s connection with Stripe helped it outpace more established rivals. Stablecoins underpin decentralized finance by providing a dollar-backed medium for collateral, settlement, and payments across applications. What began as a grassroots, community-led sector has evolved into a battleground for institutions and payment companies seeking revenue from interest on reserves. Circle, for example, shares proceeds from its USDC with Coinbase under a partnership designed to stabilize earnings during market swings. The Hyperliquid contest offered a rare glimpse into just how intense competition has become. Paxos pledged to take no revenue until USDH surpassed $1 billion in circulation. Agora offered to share 100% of net revenue with Hyperliquid, while Ethena put forward 95%. All were outbid by Native Markets, whose ties to Stripe’s $1.1 billion acquisition of Bridge and subsequent rollout of the Tempo blockchain positioned it as a strong contender. “Every stablecoin issuer is extremely desperate for supply,” said Zaheer Ebtikar, co-founder of Split Capital. “They are willing to publicly announce how much they are willing to offer. It just shows it’s a very tough business for stablecoin issuers.” While USDC remains dominant on Hyperliquid with more than $5.6 billion in deposits, the arrival of USDH could shift flows and revenue dynamics. Paxos co-founder Bhau Kotecha said the firm sees the exchange’s growth as an important opportunity, while Agora’s co-founder Nick van Eck warned that awarding the contract to a vertically integrated issuer risked undermining decentralization. Regulatory positioning also factored into the debate. Paxos operates under a New York trust charter and is seeking a federal license, while Bridge holds money transmitter approvals in 30 states. Native Markets, in a blog post, cited regulatory flexibility and deployment speed as reasons for its selection. Hyperliquid said the strong engagement from its community validated the process. Circle CEO Jeremy Allaire dismissed concerns over USDC’s status, noting on X that competition benefits the ecosystem. Analysts suggested that fears of centralization may be exaggerated, noting that Hyperliquid is likely to remain neutral and support multiple stablecoins. Still, the contest over USDH highlighted a new reality for stablecoins: branding, partnerships, and business strategy are becoming as decisive as technology. Native Markets Secures USDH Stablecoin Mandate on Hyperliquid Hyperliquid has concluded its governance vote for the USDH stablecoin, awarding the mandate to Native Markets after a closely watched process that drew weeks of community debate and rival proposals. USDH, described by Hyperliquid as a “Hyperliquid-first, compliant, and natively minted” dollar-backed token, is intended to reduce the platform’s dependence on USDC and strengthen its spot markets. Validators on the decentralized exchange voted in favor of Native Markets, a relatively new player backed by Stripe’s Bridge subsidiary, over established contenders including Paxos and Ethena. The outcome followed a string of proposals offering aggressive revenue-sharing terms to win validator support, underscoring the scale of incentives attached to controlling USDH. Hyperliquid’s exchange has become a critical hub for stablecoin liquidity, with $5.7 billion in USDC, around 8% of its total supply, currently held on the network. At prevailing treasury yields, that translates to an estimated $200 million to $220 million in annual revenue for Circle, underlining why a native alternative could be transformative. Hyperliquid’s validators, who secure the network and vote on key decisions, selected Native Markets following an on-chain governance process that concluded September 15. Native Markets has laid out a phased rollout for USDH, beginning with capped minting and redemption trials before expanding into spot markets. Its reserves will be managed in cash and treasuries by BlackRock, with on-chain tokenization through Superstate and Bridge. Yield from those reserves will be split between Hyperliquid’s Assistance Fund and ecosystem development. The launch of USDH comes as Hyperliquid records record profits from perpetual futures trading, with $106 million in revenue in August alone, and prepares to slash spot trading fees by 80% to bolster liquidity. Analysts say the move positions Hyperliquid to capture more of the stablecoin economics internally, marking a significant step in its bid to rival the largest players in decentralized finance
Share
CryptoNews2025/09/18 00:48
XRP Price Prediction: Could XRP Hit $10 or Will a 150x Presale Get There First

XRP Price Prediction: Could XRP Hit $10 or Will a 150x Presale Get There First

A sudden BTC bounce from $66,800 just jolted the entire market, dragging altcoins up and forcing late sellers to cover in a move that instantly changed short term
Share
Techbullion2026/03/29 03:34