This has been a transitory year, from the pandemic to inflation, and now possibly to recession. The Fed just raised interest rates by 0.75% in hopes of stemming inflation. Will it work? Or will it kick start an economic dip? We will see. But negative economic indicators are all around […] Read more »
Fox News Poll: More voters put trust in Republicans to handle inflation, crime
A large majority of voters say the economy is in bad shape. Two-thirds are pessimistic about conditions. Gas and grocery prices are a major problem for most families. And a growing number of voters feel they are losing ground financially. That’s the grim backdrop for the upcoming midterm elections, according […] Read more »
Egad! It’s a guide to the 2022 midterms
Egad is one of those fusty words that you associate with Dr. Watson in a Sherlock Holmes mystery or P.G. Wodehouse mocking the British aristocracy. But taken as the acronym EGAD, it becomes a handy guide to the 2022 midterm elections. Just four months until early voting begins in earnest, […] Read more »
Economic Optimism Crashes To 10-Year Low As Inflation Surges, S&P 500 Dives
Americans are more pessimistic about the U.S. economy than they’ve been in more than a decade, as inflation cancels out wage gains and the S&P 500 slides into bear market territory, the June IBD/TIPP Poll finds. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, sank 3.1 […] Read more »
Usual Midterm Indicators Very Unfavorable for Democrats
With less than five months to go before voters elect all members of the House of Representatives and one-third of the Senate, the current Democratic congressional majority is facing an extremely unfavorable election environment. The party of the president typically loses U.S. House seats in midterm elections — an average […] Read more »
President Biden’s Approval Rating Undercuts Trump On Inflation Woes
President Joe Biden’s approval rating sank to its lowest level yet as record gas prices sharpened inflation’s bite for household finances, the June IBD/TIPP Poll finds. Biden’s approval rating slid 2.4 points to 43 over the past month as his standing among Democrats continued to deteriorate. The IBD/TIPP presidential job […] Read more »