Poor and low-income Americans know that the economy is, in fact, his greatest vulnerability. Yes, the Dow is at a record high and official unemployment rates are lower than they have been in decades. But measuring the health of the economy by these stats is like measuring the 19th-century’s plantation economy by the price of cotton.

However much the slaveholders profited, enslaved people and the poor white farmers whose wages were stifled by free labor did not see the benefits of the boom. In America today, 140 million people are poor or low wealth. While three individuals own as much wealth as all of them put together, the real cost of living has soared as wages have stagnated.

Since the 1970s, the number of people who are paying more than a third of their monthly income in rent has doubled, and there is not a single county in the nation where a person working full-time at minimum wage can afford to rent a two-bedroom apartment. Sixty per cent of African Americans are poor or low-income, as are 64% of Hispanics, but the largest single racial group among America’s poor and low-income – 66 million Americans – are white.

Every day in America roughly 700 people die from povertyWhile Trump stirs racial fears by attacking “sanctuary cities” and black political leaders, there are more white Americans who are unable to meet their basic needs than at any time in this nation’s history.

Every day in America roughly 700 people die from poverty. When seven young people died from vaping, Trump called it a national emergency. But for the past four decades, Republicans have racialized poverty while Democrats have run from it, adopting euphemisms like “those who aspire to the middle class” to talk about poor people.

By accepting the lie that everyone does better when the economy does better, both parties paved the way for the extremism of a plutocratic presidency. We know that elites whose stock portfolios and personal taxes have benefited from the Trump tax cuts are going to stand by this president. But those people are an extreme minority – a literal plutocracy – in this nation.

The question in 2020 is not whether Trump’s most ardent supporters will stand by him, but whether Democrats will embrace an agenda that can inspire poor and marginalized people to engage in a political system that has simply overlooked them for decades. Even if Trump doesn’t lose a single vote from 2016, we know he lost the popular vote by more than 3m and won the electoral college by 77,000 votes across Wisconsin, Michigan and