While very soon it will be time to get back to work—because so much more needs to be done—we should enjoy this moment for we have achieved something monumental.
Supporters react during a midterm election night watch party for Texas Democratic Senate candidate, State Rep. James Talarico at the Long Center on November 3, 2026 in Austin, Texas. Talarico is facing off against Republican Senate candidate, Texas Attorney General Ken Paxton in one of the most closely watched races this election season.
(Photo by Brandon Bell/Getty Images)
Dean Baker
Nov 04, 2026
Beat the Press
Good morning. What a day.
November 3rd will be remembered in history as a day like December 7th or July 4th. It was the day that tens of millions of people stood up to defend democracy in the United States.
I have no illusions about the many, many dark points in this country’s history, which predated Donald Trump, many of which were still very much present when he took office. But a democracy that has at least the pretense of respecting human rights and basic decency is infinitely better than a dictatorship that has open contempt for anything that challenges its power.
We are a long way from being completely out of the woods. Donald Trump still has two more years in his term and his sycophants still command the most powerful military in the world, as well as a squad of domestic henchmen that openly act outside of the law. They can do enormous harm to the country and the world in this time.
We are a long way from being completely out of the woods...But our ability to limit the damage is hugely greater today than yesterday.
But our ability to limit the damage is hugely greater today than yesterday. And to be clear, the mission is far larger than surviving the last two years of Donald Trump’s term. We have to reverse the inequality and corruption that led to a situation where tens of millions of people could look to a bumbling reality TV show star as the solution to the problem.
We need to create a government that people believe is on their side, that actively works to make their lives better. However much better the Biden administration and prior Democratic and even Republican administrations might have been in serving the public, people had real grounds for believing that the government was not serving their interests. Elon Musk was already incredibly rich on January 20th, 2025.
Anyhow, that is a long and incredibly important project, but for now, we can all take a deep breath. The immediate threat to democracy has been turned back with an electoral landslide of historic proportions. We should enjoy the moment while still recognizing that much more needs to be done.
This work is licensed under a Creative Commons Attribution 4.0 International License
Dean Baker
Dean Baker is the co-founder and the senior economist of the Center for Economic and Policy Research (CEPR). He is the author of several books, including "Getting Back to Full Employment: A Better bargain for Working People," "The End of Loser Liberalism: Making Markets Progressive," "The United States Since 1980," "Social Security: The Phony Crisis" (with Mark Weisbrot), and "The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer." He also has a blog, "Beat the Press," where he discusses the media's coverage of economic issues.
Full Bio >
Good morning. What a day.
November 3rd will be remembered in history as a day like December 7th or July 4th. It was the day that tens of millions of people stood up to defend democracy in the United States.
I have no illusions about the many, many dark points in this country’s history, which predated Donald Trump, many of which were still very much present when he took office. But a democracy that has at least the pretense of respecting human rights and basic decency is infinitely better than a dictatorship that has open contempt for anything that challenges its power.
We are a long way from being completely out of the woods. Donald Trump still has two more years in his term and his sycophants still command the most powerful military in the world, as well as a squad of domestic henchmen that openly act outside of the law. They can do enormous harm to the country and the world in this time.
We are a long way from being completely out of the woods...But our ability to limit the damage is hugely greater today than yesterday.
But our ability to limit the damage is hugely greater today than yesterday. And to be clear, the mission is far larger than surviving the last two years of Donald Trump’s term. We have to reverse the inequality and corruption that led to a situation where tens of millions of people could look to a bumbling reality TV show star as the solution to the problem.
We need to create a government that people believe is on their side, that actively works to make their lives better. However much better the Biden administration and prior Democratic and even Republican administrations might have been in serving the public, people had real grounds for believing that the government was not serving their interests. Elon Musk was already incredibly rich on January 20th, 2025.
Anyhow, that is a long and incredibly important project, but for now, we can all take a deep breath. The immediate threat to democracy has been turned back with an electoral landslide of historic proportions. We should enjoy the moment while still recognizing that much more needs to be done.
This work is licensed under a Creative Commons Attribution 4.0 International License
Dean Baker
Dean Baker is the co-founder and the senior economist of the Center for Economic and Policy Research (CEPR). He is the author of several books, including "Getting Back to Full Employment: A Better bargain for Working People," "The End of Loser Liberalism: Making Markets Progressive," "The United States Since 1980," "Social Security: The Phony Crisis" (with Mark Weisbrot), and "The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer." He also has a blog, "Beat the Press," where he discusses the media's coverage of economic issues.
Full Bio >
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