![]() In the crucial swing state of Nevada - where there’s a toss-up election for a Democrat-held Senate seat and several tight House races - Sierra Farley, a single mother of two kids, said she’ll have to move out of her home in Summerlin, outside Las Vegas, because the rent is going up $450 a month in September. Luntz added: “When everyone is affected, the electoral impact is compounded.” Republican pollster Frank Luntz the universal inflation affects voter decision-making. “Food and fuel inflation is so high and so universal, and impacts every voter in every community in every state.” ![]() “The reason why the misery index still matters is that it’s really genuine misery for so many Americans,” Republican pollster Frank Luntz told Bloomberg. FALLON/AFP via Getty Images Inflation could cost Democrats control of both the House and Senate.Īfter inflation hit a 40-year record high of 9.1% in June, only one state - New Hampshire - had a misery index below 10%, Bloomberg said. Inflation hit a 40-year record high of 9.1% in June. The margin is even narrower in the Senate, which is evenly split, 50-50, with Vice President Kamala Harris having cast 23 tie-breaking votes. Historic patterns suggest Republicans can expect to win 30 to 40 seats in the House and a few in the Senate, according to Bloomberg.ĭemocrats now hold a razor-thin, 220-211 majority in the House, where there are four vacancies. BROWN/AFP via Getty Images A record high 59% of respondents disapproved of Biden’s record in office, according to a new survey. “Food and fuel inflation is so high and so universal, and impacts every voter in every community in every state.” FREDERIC J. The “misery index” of inflation and unemployment reached 12.7% in June and is projected by Bloomberg Economics to be at 12% in October. The November elections are shaping up against the backdrop of increasing disapproval for Biden’s job performance, with 59 percent giving him a thumb’s down last week and setting a record low rating for any modern president. The voter backlash led then-President Barack Obama to admit the “humbling” results amounted to a “shellacking,” later adding: “It feels bad.” In the 2010 midterms, Democrats lost 63 seats in the House and six in the Senate. That reading would rival the level that followed the Great Recession of 2008, according to Bloomberg, which said the index functions as a key predictor of electoral outcomes. ![]() Voter rage at President Biden over the state of the economy is likely to result in another epic “shellacking” for Democrats in November’s midterm elections - which could cost them 40-plus seats in Congress and control of both chambers, according to a new study. Inflation has surged 13% since President Biden took office: economist ‘Hard to be celebratory’: CNN cuts away from Biden inflation reduction party as stocks plunge Larry Summers: Fed should impose 1 percent rate hike amid ‘serious inflation problem’ Wholesale inflation jumps 8.7 percent in August despite falling gas prices
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