Articles

Pelosi Tries to Smile Through the 2022 Midterms

October 13, 2022
1494ce9ebf3e9ac470c58864dfc936de

The election is less than four weeks away. Now is when the politically desperate typically try to fight despondency with flights of fancy, which might explain House Speaker Nancy Pelosi’s optimism on Stephen Colbert’s “The Late Show” last week.

Mrs. Pelosi claimed that because Democrats have better organization, superior messaging and more money, “we will hold the House, by winning more seats.” 

Does one of the nation’s toughest, most savvy politicos really think that? Probably not. Since modern political parties emerged between 1818 and 1824, the party in power has gained House seats only twice in a president’s first midterm.

It happened in 1934, as President Franklin D. Roosevelt rallied Americans during the Great Depression, and then in 2002, when President George W. Bush’s approval ratings were sky-high after the 9/11 attacks.

Mrs. Pelosi isn’t her party’s only overly upbeat leader. Democratic Congressional Campaign Committee Chairman Sean Patrick Maloney is so confident that last weekend he was fundraising with Democratic expatriates in Paris, Geneva and London. A DCCC chairman would normally make that sort of foreign fundraising trip well before the election, not a month out, especially if, like Mr. Maloney, he personally faced a strong challenger in a newly drawn district.

Maybe Mrs. Pelosi is correct and Democrats will expand their congressional majorities. Maybe Mr. Maloney will easily win re-election as Democrats strengthen their numbers. And maybe pundits are correct when they suggest “things might be different” this midterm cycle because bad economic news and the president’s pitiful approval numbers don’t matter to voters, leaving Democrats with “a real chance” to keep “their majority intact.”

But Democrats face a simple, inconvenient fact: Nothing strategically meaningful is likely to change in their favor before Election Day.

Is inflation likely to decline dramatically this month? If it were, the Federal Reserve would be stopping its interest-rate hikes, not raising the target range for the federal-funds rate in anticipation of “ongoing increases.” The Energy Information Administration says the price of a gallon of regular gasoline has risen 26 cents nationally in the past four weeks. Because Saudi Arabia ignored U.S. pleas and teamed up with Russia to cut oil production, prices will likely go higher.

 

The election is less than four weeks away. Now is when the politically desperate typically try to fight despondency with flights of fancy, which might explain House Speaker Nancy Pelosi’s optimism on Stephen Colbert’s “The Late Show” last week.

Mrs. Pelosi claimed that because Democrats have better organization, superior messaging and more money, “we will hold the House, by winning more seats.” 

Does one of the nation’s toughest, most savvy politicos really think that? Probably not. Since modern political parties emerged between 1818 and 1824, the party in power has gained House seats only twice in a president’s first midterm.

It happened in 1934, as President Franklin D. Roosevelt rallied Americans during the Great Depression, and then in 2002, when President George W. Bush’s approval ratings were sky-high after the 9/11 attacks.

Read More at the WSJ

Related Article

362a198591bf5b2ec40881c4dd3eb381
August 21, 2025 |
Article
So much about Ukraine seems in flux since President Trump landed in Alaska Friday. It’s been nonstop action with a growing cast of world leaders jumping in. ...
A9b46144dd3b13d021a8f184233588de
August 14, 2025 |
Article
The midterm elections are 15 months away, and both Republicans and Democrats are showing strengths.   ...
Bd9fe45ca5ce50b3f2703ff391152862
August 07, 2025 |
Article
As Gov. JB Pritzker welcomed Democratic Texas state representatives to Illinois, where they’d fled to deny a quorum in Austin, he denounced the GOP plan to redraw the Lone Star State’s congressional boundaries.  ...
40adecf94b104fdb73fd270c506b446e
July 31, 2025 |
Article
It took one member of the small drafting committee—a tall, quiet, red-headed young Virginian—two weeks to write the document. ...
Button karlsbooks
Button readinglist
Button nextapperance