The U.S. economy had a very good second quarter. According to the Commerce Department, gross domestic product grew at a 4% clip from April to June. And in a midterm year like 2014 that means … probably not much.
The oft-repeated axiom in U.S. politics that “It’s the economy, stupid,” hasn’t held up very well in recent elections, particularly midterms. Changes in the partisan makeup of the Congress have not been tied closely to changes in U.S. GDP in election years as the table below shows. CONT.
Dante Chinni (American U.), Wall Street Journal