In a nutshell, that's the question of the hour. Democrats do well to bring out the heavy guns, Biden, Obama and the Clintons in an attempt to stop the hemorrhaging. Because hemorrhaging is exactly what it is. In a good economy, incumbent presidents tend to lose on average between twenty and thirty House seats and usually up to two to four in the Senate.
But this is a disastrous economy and inflation is rampant: so it doesn't take a genius to see big Republican gains ahead. Could Republicans win fifty House seats? Maybe. Could they also win up to five Senate seats? Maybe. That's how I read it. Frankly, I hope I'm wrong.
But in the end, Biden did this to himself when he renominated Powell. What America needed was a stop to QE much earlier than it happened and rises in interest rates much sooner than they actually happened. When Biden went with Powell, he cut his own throat and that of fellow Democrats across the country.
So, the chips will fall where they may. And Biden will be a lame duck the day after. Some will say no, no, Reagan, Clinton and Obama came back and won two years later. Sure. But none of them had the so-called Biden Inflation. Joe should cut his losses after the midterms and not run again. But don't dare whisper that in Democratic circles, even if that's reality because reality hurts.
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