ExplainSpeaking | What is Bidenomics and how it defied Trump and inflation | Explained News,The Indian Express
The US midterm election results are still filtering through and it is quite likely that it will take months, if not years to accurately ascertain why Democrats and President Joe Biden buck the trend of losing in midterms.
Dear Readers,
The results of the midterm election in the US have provided a fascinating running commentary on the fate of the World’s oldest democracy.
Before the elections, most observers expected the President Joe Biden-led Democratic Party to lose control of both the House of Representatives (the “lower” house) as well as the Senate (the “upper” house) in the US Congress.
There were many reasons to expect the Donald Trump-led Republican Party (also called the Grand Old Party or GOP) to wrest control of the US Congress and thus dominate the legislative agenda in the run-up to the next presidential elections in 2024. For one, US consumers have been facing historically high inflation — with food and fuel inflation often running into double-digits. Moreover, most polls suggested that Biden’s popularity or approval ratings were languishing below 40%. Opinion polls had also found that around 75% of Americans were also unhappy about the direction the country was taking. Further, former President Trump was still rampant, claiming that the 2020 presidential election was “stolen”. Last but not the least, history was against the Democrats because the political party of most sitting presidents tends to lose control of either one or both the houses of US Congress.
Surprising results
Rating: 5