The one problem Trump can’t afford

President Donald Trump points to the crowd after speaking at the 2026 Republican National Convention in Dallas, Texas. | Andrew Harnik/Getty Images This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day.

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Republicans promised their midterm convention would feature lots of President Donald Trump .

Night one of “Trumpapalooza” delivered — and then some.

For almost two hours Wednesday night, Trump exhorted his base to turn out for November’s down-ballot elections.

The meandering, made-for-TV speech hit all his Trumpiest subjects, from immigration and crime to transgender athletes, the White House ballroom, and taxes.

But equally notable were the issues he brushed past.

The purpose of this convention, after all, was to energize Republican voters whose enthusiasm has flagged.

The GOP could lose the House and/or Senate in November, despite its aggressive (and increasingly undemocratic ) efforts to retain them.

But Trump skirted several of the topics that voters care about most, like the cost of housing, food, and consumer goods. (More on the politics of affordability below.) He never said the words “inflation,” “rent,” or “housing,” for instance.

He mentioned grocery costs once in passing, when he falsely claimed they were “rapidly” going down.

And his 90-second discussion of “affordability” blamed green-energy policies and Democrats for rising prices: “It’s fake.

They are so fake,” he said.

Still, Trump does seem to recognize voters’ economic angst.