One factor that could hamper the political relevance of economic issues, such as inflation, is that voters might not have high expectations of their elected officials to actually address them, regardless of their party.
“While the economy is on everyone’s radar and will undoubtedly be a reason folks vote for one candidate or another, no candidate (not even the president or the chair of the Federal Reserve Bank) could or will be able to do much about inflation, which emanates from causes beyond U.S. boundaries,” said Michael Lahr, director of Rutgers University Economic Advisory Service. He added that “the U.S. economy is doing well compared to most other major economic powers worldwide. But this will be tough for the median voter to comprehend, so watch a number of less-than-articulate incumbents to be voted out. This suggests that Republicans are likely to seize control of at least the House.”
cheddar.com, October 31, 2022
