There are plenty of reasons for Democrats to be worried about next year’s midterm elections. It seems that the “perfect storm of politics” is starting to hit them hard, and there doesn’t appear anything that they can do about it.
Most people vote with their wallets and pocketbooks, that’s been the long held belief. And if that is the case, the latest financial news isn’t very glowing for the left. It shows that while inflation is currently logged in at a 4.2% rate, far above the Fed’s target of 2%. It’s so bad that the White House just doubled that target to 4% for the year. Consumer confidence and consumer spending is on the wane. In June, consumers spent 1.1% less than they did the year earlier. And in July it was 0.3% less, signaling a slowing in demand.
As the prices increase, and the demand shrinks it means only one thing. There will come a tipping point where recession enters the discussion. How far off it is can be anybody’s guess. One thing that is interesting to note, there are 10 million jobs available out there right now, with an unemployment rate of 5.4%. That means basically that people are staying home because of the additional $300 per week boost the federal government is kicking in for their unemployment pay. It’s better for them in a lot of circumstances to stay o the couch than return to work, especially service work in restaurants and bars where the minimum wage is usually reduced because of the bulk of pay coming from tips. The problem for those folks is, Biden has already stated that he doesn’t want to extend that extra $300 past September. to do that is to slow the economy even more.
There are other issues out there as well that don’t bode well for Democrats.
First is the problem that they’ve got over at 1600 Pennsylvania Avenue. They have a president who is obviously in over his head and doesn’t have a clue what he’s doing. You can look at the southern border crisis and the botched Afghanistan withdrawal as just two of the many examples of Joe Biden’s slippage over the past eight months. Then you’ve got K-baby Harris. She’s screwed up every job she’s been given by Biden so far, and has one of the worst approval ratings ever for a sitting Vice President. While there are several Republicans already calling for Biden to resign, be impeached, or face the 25th Amendment, there are Democrats everywhere crying that’s not what needs to happen. They know if Biden’s gone and Harris becomes president, it’s only going to get worse. You’ll have someone at the Resolute Desk that couldn’t even stay in the Democrat primary until 2020 began. That doesn’t look good.
Second, you’ve got Congress that is spending money like a drunken sailor, or at least trying to. In the House, Nancy Pelosi has all but sold the party out to the Whackjob Five group headed by AOC. She basically slapped down moderate Democrats who wanted to vote on the infrastructure bill before deciding on the budget. The Whackjob faction of the party is looking at that $3.5 trillion price tag and the wish list that is included in next year’s budget and are salivating to beat the band. And you’ve got infrastructure on the back burner until at least late September. And you’ve got Pelosi’s January 6th Committee trying to hold hearings that basically only liberal snowflakes care about.
Third, you’ve got a sitting Supreme Court Justice that is wondering if he should retire or not. The New York Times has interviewed Justice Stephen Breyer and he’s said that while he hasn’t made up his mind yet about retiring, he’s still putting the pieces of the puzzle together, he doesn’t want to end up like Antonin Scalia or Ruth Bader Ginsburg, and die in office. He wants to retire at some point, he’s just not sure when. And one thing he surely doesn’t want is to be replaced by a conservative. Breyer was appointed back in 1994 by Bill Clinton and is one of only three liberals to sit on the high court, since Amy Coney Barrett replaced RBG after her death, marking an incredible turn to the right for the high court that will take years for the liberal snowflakes to undo.
With all of that going on, the Democrats see the writing on the wall. Both houses of Congress are very close indeed, and historically, the party that doesn’t have the White House ends up picking up seats in both sides. The Dems cannot afford to lose one seat in the Senate, and they only have a very slim majority. Democrats have 218 seats, Republicans 211, and there are six seats vacant. Redistricting is said to be giving the GOP five seats right off the bat, which means the GOP would have 216 to the Democrats 213, and there would be six open seats that would be filled next November. The chances of that going all Democrat (or five seats Democrat and one Republican) are slim and none.
Now, while I’m very happy to hear this news, I’m also cautious. As you know if you’ve followed politics at all, things in DC can turn on the dime, and Republicans have been known to snatch defeat from the jaws of victory many times in the past. They can do it again. We just have to be mindful!
Carry on world…you’re dismissed!