Trump’s ‘New America’ pitch rests on unsupported economic and election claims

Donald Trump’s predicted economic gains from renaming New Mexico ‘New America’ remain unsubstantiated. Neither the state’s 2024 counting check nor a recent federal voting-fraud indictment establishes his sweeping accusation that its elections are dishonest.

In a Truth Social post on 19 October 2026, the US president urged an immediate name change, writing that “Home Values and Incomes would rise”. He added: “Maybe even the Crooked Elections, that New Mexico is known for, would become honest again!” He offered no economic calculation or timetable and named no election year or incident. The post was a call for state action, not an order changing its name. [1]

The demand came 15 days before the 3 November midterm elections and was more forceful than Trump’s 3 October video endorsing Republican congressional candidate Greg Cunningham. “That would be up to you,” he said of the name change, according to the transcript published by the Trump’s Truth archive. “I'm not gonna push it.” [3] [4] [10]

Higher prices are not higher incomes

There is evidence that names can affect property prices. A 2022 working paper published by the Political Economy Research Institute estimated that renaming a Seoul metro station in 2017 lifted nearby apartment prices by about 4–5% relative to comparison areas, depending on the model. That local finding does not establish that renaming a US state would raise house values across it, let alone residents’ incomes. [6]

New Mexico’s 2025 Housing Needs Assessment reported a median home sale price of $345,000 in 2024, up 6.7% on the previous year. It also highlighted the difficulty of achieving home ownership when prices outpace earnings. [5]

The economic distinction matters even if a favourable branding effect is assumed: higher prices could add to existing owners’ housing wealth while making homes harder to afford for buyers. A rise in property values would not, by itself, establish the income gain Trump predicts.