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      Nevada’s Costly, Photo-Finish Senate Race Pits Abortion vs. Economy

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      NORTH LAS VEGAS, Nev. — As Senator Catherine Cortez Masto of Nevada took the stage at a high school here this week, she was fighting for her political life.Her re-election bid is seen by many as the tightest Senate race in the country. Republicans are throwing money and energy behind her challenger, Adam Laxalt, a political scion who, like Ms. Cortez Masto, is a former Nevada attorney general.Neither candidate could be called an electric campaigner, and Ms. Cortez Masto had a difficult slot that evening: shortly after John Legend and right before Barack Obama.After the appearance by Mr. Legend — who recently wrapped up a Las Vegas residency and played a couple of songs on a piano for an adoring audience — Ms. Cortez Masto spoke about how her grandfather was “a baker from Chihuahua” and how, before her, “there had never been a Latina elected to the U.S. Senate.”Her biographical bullet points were politely received. Then Mr. Obama took the stage and offered a reminder that his party has still not found a successor to match his charisma.To raucous applause, he hammered home Ms. Cortez Masto’s personal history in his inimitable cadences: “Third-generation Nevadan. Grew up here in Vegas. Dad started out parking cars at the Dunes,” he said, referring to a defunct casino where Ms. Cortez Masto’s father once worked. “She knows what it’s like to struggle and work hard.”Democrats are sending star figures to Nevada as both parties pour money into a political fight that could decide the balance of power in the Senate. The race was the most expensive political contest in Nevada history even before an $80 million splurge over the last month brought total ad spending to $176 million, according to AdImpact, a media-tracking firm. A recent New York Times/Siena College poll showed the candidates deadlocked at 47 percent each; Mr. Laxalt had a comfortable lead among men, while Ms. Cortez Masto was likewise leading among women.Mr. Laxalt, a son and grandson of Nevada senators, held a rally in Las Vegas late last month with former Representative Tulsi Gabbard. Haiyun Jiang/The New York TimesMs. Cortez Masto and her allies have sought to focus on abortion rights, attacking Mr. Laxalt over the issue.Haiyun Jiang/The New York TimesAnd increasingly, the campaign seems to be one of economics versus abortion.Democrats are battering Mr. Laxalt over his anti-abortion stance, after the Supreme Court overturned Roe v. Wade. Nevada allows abortion up to 24 weeks, and after that in cases where the mother’s health is at risk. Mr. Laxalt has said he would support banning abortions in the state after 13 weeks, or the first trimester.One commercial broadcast Tuesday morning, paid for by the Democratic Senatorial Campaign Committee, featured a Nevada woman assailing his abortion position, saying: “I take it incredibly personally that Adam Laxalt is working to take away the rights of my daughters.” Another spot, from the Democratic-aligned Senate Majority PAC, includes audio of Mr. Laxalt saying during a breakfast with pastors that “Roe v. Wade was always a joke.”The State of the 2022 Midterm ElectionsElection Day is Tuesday, Nov. 8.Governor’s Races: Democrats and Republicans are heading into the final stretch of more than a dozen competitive contests for governor. Some battleground races could also determine who controls the Senate.Democrats’ Mounting Anxiety: Top Democratic officials are openly second-guessing their party’s pitch and tactics, saying Democrats have failed to unite around one central message.Social Security and Medicare: Republicans, eyeing a midterms victory, are floating changes to the safety net programs. Democrats have seized on the proposals to galvanize voters.Debunking Misinformation: Falsehoods and rumors are flourishing ahead of Election Day, especially in Pennsylvania. We debunked five of the most widespread voting-related claims.Ms. Cortez Masto returned to the topic on Tuesday night: “We know we can’t trust Laxalt when it comes to a woman’s right to choose,” she told the crowd. “This is a man who called Roe vs. Wade a joke, and he celebrated when it was overturned.”So often has Mr. Laxalt been attacked on abortion that he felt compelled to write an opinion column in The Reno Gazette-Journal in August “setting the record straight” on his position. He explained that when he said Roe was “a joke,” it was “a shorthand way of saying that the decision had no basis in the text of the Constitution.”Republican groups and the Laxalt campaign are generally focusing on the economy. Nevada has one of the highest unemployment rates in the country and some of the highest gas prices, and a tourism-driven economy that was hit hard by the pandemic.“Inflation isn’t going away,” a narrator says in a Laxalt commercial running this week. “Gas and groceries are too expensive.” Another pro-Laxalt ad features a picture of Ms. Cortez Masto superimposed next to Speaker Nancy Pelosi as both are showered in cash. The spot, from the Senate Leadership Fund — the political action committee of Senate Republicans — makes the case that “Costly Catherine” is a high-spending Democrat.Mr. Laxalt and Ms. Gabbard at the rally in Las Vegas. He and his Republican allies have tried to put the spotlight on economic issues. Haiyun Jiang/The New York TimesRory McShane, a Republican political consultant who is working on other races in the state, believes the current dynamic favors Republicans.“You see in the polling that the economy is trumping abortion,” he said in an interview. “I don’t think anything’s stronger than the economy,” he added. “You don’t have to run TV ads to tell people how bad the economy is.”Kenneth Miller, an assistant professor of political science at the University of Nevada, Las Vegas, said the Democratic strategy “poses a risk.”“Abortion is very important to a big segment of the electorate, but that also means there are large segments of the electorate that don’t particularly care about abortion either way,” he said. “They may have a pro-choice or pro-life position, but it’s not what drives them to make their vote choice or drives them to turn out.”Mr. Laxalt’s saber-rattling on the economy, however, has plenty of skeptics. Nevada’s largest union, the 60,000-strong Culinary Workers, has sent members — cooks, cleaners, food servers — door to door to make the case for Ms. Cortez Masto and other Democratic candidates. More than half of the union’s members are Latinos, a group Mr. Laxalt has courted in Spanish-language commercials.Ted Pappageorge, the union’s secretary-treasurer, said in an interview that Ms. Cortez Masto had been an important ally on pocketbook concerns for union members, including expanding health benefits for workers who lost their jobs during the pandemic.“In 2020, we knocked on 650,000 doors statewide, and that was in the middle of Covid,” he said. “This year, in a midterm, we’re going to hit a million doors, and if we hit those doors, we’re going to win.”Few dispute the importance of the contest.“This race is the 51st seat,” Mr. Laxalt said this summer. “The entire U.S. Senate will hinge on this race.” He was speaking at the Basque Fry, a Republican event started by his grandfather, former Senator Paul Laxalt, whose family hailed from the Basque region straddling France and Spain. Mr. Laxalt is also the son of another former senator, Pete Domenici.Mr. Laxalt has been a divisive politician. He parroted Donald J. Trump’s false claims of widespread election fraud when he served as the chairman of the former president’s 2020 campaign in Nevada. When he was attorney general, he was caught on a secret recording in which he pressured state gambling regulators on behalf of a major donor, Sheldon Adelson.And Mr. Laxalt’s bid to follow his forebears into the Senate has been fractious. Fourteen of his relatives have come out against him and thrown their support to Ms. Cortez Masto, calling her in a joint statement “a model of the ‘Nevada grit’ that we so often use to describe our Nevada forefathers.”Former President Barack Obama campaigned on Tuesday in Las Vegas for Nevada Democrats. “She knows what it’s like to struggle and work hard,” he said of Ms. Cortez Masto.Haiyun Jiang/The New York Times“The entire U.S. Senate will hinge on this race,” Mr. Laxalt said this summer. Haiyun Jiang/The New York TimesMr. Obama seized on the episode in his remarks on Tuesday night. “We all might have a crazy uncle, the kind who goes off the rails, but if you’ve got a full Thanksgiving dinner table, and they’re all saying you don’t belong in the U.S. Senate?” he said. “When the people who know you the best think your opponent would do a better job, that says something about you.”In his own closing argument, Mr. Laxalt, who served in the Judge Advocate General’s Corps in the Navy, has tried to link Ms. Cortez Masto to President Biden, who polls show is unpopular in the state.“Her record is, she supported Joe Biden every step of the way,” he said at a recent campaign stop, according to Roll Call. “That’s why she doesn’t want Joe Biden to come here, because then she’s going to have to actually stand next to him and stand next to her voting record.”Ms. Cortez Masto is a protégé of Harry Reid, the former Senate majority leader who built a formidable political machine in the state and died last year. “She’s a workhorse, not a show horse,” Mr. Miller said, adding that in a typical year, a moderate like her “should be able to win a race like this by five points, but national conditions are a serious headwind.”Abortion has certainly not been her only issue. She has depicted Mr. Laxalt as a child of privilege in a “Succession”-style video and has put out commercials accusing him of being captive to big oil companies, in part because as state attorney general, he worked to thwart an investigation into Exxon Mobil over its climate policies.But abortion has been the most constant weapon for her and her surrogates.“Catherine’s opponent calls Roe vs. Wade a joke, and the Supreme Court’s decision to overturn Roe a historic victory,” Mr. Obama said on Tuesday. “That may not be how most women in Nevada saw it.” More

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      The Truth About America’s Economic Recovery

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      As we approach the midterm elections, most political coverage I see frames the contest as a struggle between Republicans taking advantage of a bad economy and Democrats trying to scare voters about the G.O.P.’s regressive social agenda. Voters do, indeed, perceive a bad economy. But perceptions don’t necessarily match reality.In particular, while political reporting generally takes it for granted that the economy is in bad shape, the data tell a different story. Yes, we have troublingly high inflation. But other indicators paint a much more favorable picture. If inflation can be brought down without a severe recession — which seems like a real possibility — future historians will consider economic policy in the face of the pandemic a remarkable success story.When assessing the state of the economy, what period should we use for comparison? I’ve noted before that Republicans like to compare the current economy with an imaginary version of January 2021, one in which gas was $2 a gallon but less pleasant realities, like sky-high deaths from Covid and deeply depressed employment, are airbrushed from the picture. A much better comparison is with February 2020, just before the pandemic hit with full force.So how does the current economy compare with the eve of the pandemic?First, we’ve had a more or less complete recovery in jobs and production. The unemployment rate, at 3.5 percent, is right back where it was before the virus struck. So is the percentage of prime-age adults employed. Gross domestic product is close to what the Congressional Budget Office was projecting prepandemic.This good news shouldn’t be taken for granted. In the early months of the pandemic, there were many predictions that it would lead to “scarring,” persistent damage to jobs and growth. The sluggish recovery from the 2007-9 recession was still fresh in economists’ memories. So the speed with which we’ve returned to full employment is remarkable, so much so that we might dub it the Great Recovery.Still, while workers may have jobs again, hasn’t their purchasing power taken a big hit from inflation? The answer may surprise you.In September, consumer prices were 15 percent higher than they were on the eve of the pandemic. However, average wages were up by 14 percent, almost matching inflation. Wages of nonsupervisory workers, who make up more than 80 percent of the work force, were up 16 percent. So there wasn’t a large hit to real wages overall, although gas and food — which aren’t much affected by policy, but matter a lot to people’s lives — did become less affordable.Obligatory note: There are other measures of both prices and wages, and if you pick and choose you can make the story look a bit worse or a bit better. More important, some Americans are especially exposed to prices that have gone up a lot. On average, however, there hasn’t been a huge hit to living standards.But won’t bringing inflation down require an ugly recession? Maybe, and widespread predictions of recession may be taking a toll on public perceptions. But they are predictions, not an established fact — and many economists don’t agree with those predictions. I won’t rehash that ongoing debate here, except to say that there are plausible arguments to the effect that disinflation will be much easier this time than it was after the 1970s.Despite what I’ve said, however, the public has very negative economic perceptions. Doesn’t that tell us that the economy really is in bad shape?No, it doesn’t. People know how well they, themselves, are doing. Their views about the national economy, however, can diverge sharply from their personal experience.A Federal Reserve survey found that in 2021 there was a huge gap between the rising number of people with a positive view of their own finances and the falling number with a positive view of the economy; perceptions about the local economy, which people can see with their own eyes, were somewhere in between. I suspect that when we get results for 2022 they’ll look similar.To be fair, the resurgence of inflation after decades of quiescence, combined with fears of possible recession, has unnerved many Americans. The point, however, isn’t that the public is wrong to be concerned; it is that negative public views of the economy don’t refute the proposition that the economy is doing well in many though not all dimensions.Now, I’m not suggesting that Democrats spend their final campaigning days telling voters that the economy is actually just fine. It isn’t.But Democrats shouldn’t concede that the overall economy is in bad shape, either. Some very good things have happened on their watch, above all a jobs recovery that has exceeded almost everyone’s expectations. And they have every right to point out that while Republicans may denounce inflation, Republicans have no plan whatsoever to reduce it.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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      The Battle for Blue-Collar White Voters Raging in Biden’s Birthplace

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      SCRANTON, Pa. — The fate of the Democratic Party in northeastern Pennsylvania lies in the hands of people like Steve Papp.A 30-year veteran carpenter, he describes his job almost poetically as “hanging out with your brothers, building America.” But there has been a harder labor in his life of late: selling his fellow carpenters, iron workers and masons on a Democratic Party that he sees as the protector of a “union way of life” but that they see as being increasingly out of step with their cultural values.“The guys aren’t hearing the message,” Mr. Papp said.Perhaps no place in the nation offers a more symbolic and consequential test of whether Democrats can win back some of the white working-class vote than Pennsylvania — and particularly the state’s northeastern corner, the birthplace of President Biden, where years of economic decline have scarred the coal-rich landscape. This region is where a pivotal Senate race could be decided, where two seats in the House of Representatives are up for grabs and where a crucial governorship hangs in the balance.No single constituency, of course, will determine the outcome of these races in a state as big as Pennsylvania, let alone the 2022 midterms. Turning out Black voters in cities is critical for Democrats. Gaining ground in the swingy suburbs is a must for Republicans. But it is among white working-class voters in rural areas and smaller towns — places like Sugarloaf Township, where Mr. Papp lives — where the Democratic Party has, in some ways, both the furthest to fall and the most to gain.A highway sign outside Scranton, Pa.Ruth Fremson/The New York TimesSitting in the Scranton carpenters’ union hall, where Democratic lawn signs leaned up against the walls, Mr. Papp said that he often brought stickers to the job site for those he converted, but that he had recently been giving away fewer than he would like. He ticked through what he feels he has been up against. Talk radio. Social media. The Fox News megaphone. “Misinformation and lies,” as he put it, about the Black Lives Matter movement and the L.G.B.T.Q. community.“It’s about cultural issues and social issues,” Mr. Papp lamented. “People don’t even care about their economics. They want to hate.”Republicans counter that Democratic elites are the ones alienating the working class by advocating a “woke” cultural agenda and by treating them as deplorables. And they also argue that the current economy overseen by Democrats has been the issue pushing voters toward the right.The stakes are far higher than one corner of one state in one election.White blue-collar voters are a large and crucial constituency in a number of top Senate battlegrounds this year, including in Wisconsin, Nevada, New Hampshire and Ohio. And the need for Democrats to lose by less is already an urgent concern for party strategists heading into 2024, when Donald J. Trump, who accelerated the movement of blue-collar voters of all races away from Democrats, has signaled he plans to run again.Lt. Gov. John Fetterman boarding Air Force One after a meeting with President Biden.Haiyun Jiang/The New York TimesOne study from Pew Research Center showed that as recently as 2007, white voters without a college degree were about evenly divided in their party affiliations. But by 2020, Republicans had opened up an advantage of 59 percent over Democrats’ 35 percent.The State of the 2022 Midterm ElectionsElection Day is Tuesday, Nov. 8.Governor’s Races: Democrats and Republicans are heading into the final stretch of more than a dozen competitive contests for governor. Some battleground races could also determine who controls the Senate.Biden’s Agenda at Risk: If Republicans capture one or both chambers of Congress, the president’s opportunities on several issues will shrink. Here are some major areas where the two sides would clash.Ohio Senate Race: Polls show Representative Tim Ryan competing within the margin of error against his G.O.P. opponent, J.D. Vance. Mr. Ryan said the race would be “the upset of the night,” but there is still a cold reality tilting against Democrats.“You can’t get destroyed,” Christopher Borick, the director of the Muhlenberg College Institute of Public Opinion in Pennsylvania, said of the task in front of Democrats. “Cutting into Republican gains in the Trump era among white working-class voters is essential.”There are, quite simply, a lot of white voters without college degrees in America. Another Pew study found that such voters accounted for 42 percent of all voters in the 2020 presidential election. And, by some estimates, they could make up nearly half the vote in Pennsylvania this year.Luzerne County, just south of Scranton, had been reliably Democratic for years and years. Then, suddenly, in 2016, Mr. Trump won Luzerne in a nearly 20-point landslide. He won it again in 2020, but by 5 points fewer. There are Obama-Trump voters here, and Obama-Trump-Biden voters, too. The region may have tacked to the right politically in recent years, but it is still a place where the phrase “Irish Catholic Democrat” was long treated as almost a single word, and where it might be more possible to nudge at least some ancestral Democrats back toward the party.The Roosevelt Beer Hall in Dunmore, Pa.Ruth Fremson/The New York TimesScranton, a former coal town nestled in the scenic Wyoming Valley, has become synonymous with this voting bloc. Representative Kevin McCarthy of California, who hopes to become the next House speaker, visited the region this fall to unveil the Republican agenda, and both Mr. Biden and Mr. Trump traveled to the area for events kicking off the fall campaign.This year, the Pennsylvania Senate race looms especially large.The Democratic nominee, Lt. Gov. John Fetterman, was seemingly engineered for the task of appealing to the working class. A bald and burly man with a political persona that revolves around Carhartt sweatshirts and tattoos, Mr. Fetterman has vowed from the start to compete in even the reddest corners of Pennsylvania. He is running against Mehmet Oz, a wealthy, out-of-state television celebrity who, according to polls, has been viewed skeptically from the start by the Republican base, and who talked of buying crudités at the grocery in a widely ridiculed video.Yet local Democrats said Mr. Fetterman was still facing an uphill climb among white working-class voters in the region, even before his halting debate performance as he recovers from a stroke. For those Democrats concerned about competing for the state’s biggest voting bloc, the success or failure of Mr. Fetterman’s candidacy has become an almost existential question: If not him and here, then who and where?Mr. Fetterman’s strategy to cut into Republican margins in red counties is displayed on his lawn signs: “Every county. Every vote.” But Republicans have worked relentlessly to undercut the blue-collar image Mr. Fetterman honed as the former mayor of Braddock, a downtrodden former steel town just outside Pittsburgh.Chris Tigue, a self-employed painter.Ruth Fremson/The New York Times“It’s a costume,” Tucker Carlson, the Fox News host, said in one segment last month. Republicans have highlighted Mr. Fetterman’s Harvard degree, his middle-class suburban upbringing, the financial support he received from his parents into his 40s and, most recently, a barrage of advertising that has cast him as a soft-on-crime liberal.Both sides are targeting voters like Chris Tigue, a 39-year-old who runs a one-man painting company and lives in Dunmore, a town bordering Scranton known for its enormous landfill. Mr. Tigue, a registered Republican, has gone on a political journey that may seem uncommon in most of the country but is more familiar here.He voted twice for Barack Obama. Then he voted twice for Donald Trump.As Mr. Tigue sat outside Roosevelt Beer Garden, a watering hole where the portrait of Franklin D. Roosevelt on the wall was a reminder of the area’s Democratic heritage, he explained that Mr. Fetterman had won him back, not just because of his working class “curb appeal,” but because of his stances on abortion and medical cannabis.Mr. Tigue said he was voting for Mr. Fetterman knowing that Mr. Fetterman would probably support the president’s economic agenda in the Senate, a prospect he called “a little scary.” But he said he was looking past that fact. “I’m focusing on the person,” he said.Justin Taylor, the mayor of nearby Carbondale, is another Obama-Trump voter. Elected as a 25-year-old Democrat almost two decades ago, he endorsed Mr. Trump in 2020 and grew increasingly more Republican, just like the city he serves.Mayor Justin Taylor of Carbondale, Pa., at the Anthracite Center, a former bank he converted into an event space.Ruth Fremson/The New York TimesToday, he is adamantly opposed to Mr. Fetterman, calling him a liberal caricature and the kind of candidate the left thinks will appeal to the people of Carbondale, a shrinking town of under 10,000 people that was founded on anthracite coal. “I think, quite honestly, he is an empty Carhartt sweatshirt and the people who are working class in Pennsylvania see that,” Mr. Taylor said.Mr. Taylor is still technically a registered Democrat, he said, but he feels judged by his own party. “The Democratic Party forces it down your throat,” he said, “and they make you a bigot, they make you a racist, they make you a homophobe if you don’t understand a concept, or you don’t 100 percent agree.”Still, Mr. Taylor said he might not vote in the Senate race at all. Of his fellow Fetterman doubters, and of Oz skeptics, he asked, “Do they stay home? That becomes the big question.”Northeastern Pennsylvania is also home to two bellwether House races with embattled Democratic incumbents.One race features Representative Matt Cartwright, who is the rarest of political survivors — the only House Democrat nationwide running this year who held a district that Mr. Trump carried in both 2016 and 2020. The other includes Representative Susan Wild, who is defending a swing district that contains one of only two Pennsylvania counties that Mr. Biden flipped in 2020.Representative Matt Cartwright, left. Ruth Fremson/The New York TimesThe union hall of the United Brotherhood of Carpenters and Joiners Local 445. Ruth Fremson/The New York TimesTo emphasize his cross-partisan appeal, Mr. Cartwright has run an ad this year featuring endorsements from one man in a Trump hat and another in a Biden shirt. In an interview, he said the area’s long-term economic downturn, which he traced to the free-trade deals of the 1990s, had caused many people to work multiple jobs, sapping morale and even affecting the region’s psyche.“When something like that happens, who do you vote for?” Mr. Cartwright said. “You vote for the change candidate. And that’s what we saw a lot of. They voted for Obama twice. They voted for Trump twice. And my own view of it is when they vote that way, it’s a cry for help.”Demographic shifts in politics happen in both directions. As Democrats have hemorrhaged white working-class voters, they have made large gains with college-educated white voters who were once the financial and electoral base of Republicans. In Pennsylvania, the Philadelphia suburbs have become strongly Democratic, while the state’s less populated areas have become more Republican.Alexis McFarland Kelly, a 59-year-old former owner of a gourmet market near Scranton, is the kind of voter Democrats are newly winning over. Raised as a Republican, she was often warned by her father, a business owner, and her grandfather, a corporate vice president, of the excesses of labor and the left. But now, she is planning to vote for Mr. Fetterman.Her biggest misgiving is the hoodie-wearing persona that might appeal to the working class. “I just wish he’d put a suit on once in a while,” she said.Last year, she went to the local Department of Motor Vehicles and declared that she wanted to change her party registration to become a Democrat. The clerk was shocked. “She basically dropped her pen and said, ‘What?! A Democrat!’” Ms. Kelly recalled. “‘Everyone is going the other way.’”Nina Feldman More

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      The Market Usually Rises After the Midterms. Will This Time Be Different?

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      If you have money in stocks during this bear market, you are probably having a rough year. The bond market has been miserable, too. There have been few bright spots for investors.Yet there is one positive portent right now: the calendar.With a surprising degree of consistency over the past 100 years or so, stocks have followed a broad pattern that coincides with presidential terms. The months leading up to midterm elections have generally been the worst in what is known as the four-year presidential election cycle. But the stock market is about to enter a sweet spot. Stocks have usually rallied in the year after the midterms — no matter which side wins.Market veterans take these patterns seriously but aren’t counting on them in an economy plagued by soaring inflation, rising interest rates and fears of a recession.“We’ve studied the presidential cycle carefully, and there’s something to it,” said Philip Orlando, the chief equity market strategist for Federated Hermes, a global asset manager based in Pittsburgh. “But it’s possible that this year we will need to invoke the four most dangerous words in investors’ lexicon: ‘This time is different.’”Gloom in the MarketsConsider, first, the overall pessimism in the markets.In the current climate, this comment, from Mark Hackett, the chief of investment research at Nationwide, counts as fairly upbeat. “We are now entering a stage where all signs point to a recession — assuming we aren’t already in one,” Mr. Hackett said. But, he added, “the recession may already be priced into the markets, in which case the next bull run may be faster and come earlier than many investors expect,” he said.The latest government figures show that the economy grew at a 2.6 percent annual rate in the third quarter. But the Federal Reserve says interest rates need to rise and stay high until the inflation numbers come down. The Fed’s monetary tightening is aimed at slowing the U.S. economy. Whether the consequences for working people will be mild or savage isn’t clear.In the meantime, the coronavirus pandemic festers, the death toll from Russia’s war in Ukraine mounts, interest rates are rising elsewhere around the world, global energy costs remain elevated and U.S. relations with China are fracturing. All these concerns are weighing on the markets.The State of the 2022 Midterm ElectionsElection Day is Tuesday, Nov. 8.Bracing for a Red Wave: Republicans were already favored to flip the House. Now they are looking to run up the score by vying for seats in deep-blue states.Pennsylvania Senate Race: The debate performance by Lt. Gov. John Fetterman, who is still recovering from a stroke, has thrust questions of health to the center of the pivotal race and raised Democratic anxieties.G.O.P. Inflation Plans: Republicans are riding a wave of anger over inflation as they seek to recapture Congress, but few economists expect their proposals to bring down rising prices.Polling Analysis: If these poll results keep up, everything from a Democratic hold in the Senate and a narrow House majority to a total G.O.P. rout becomes imaginable, writes Nate Cohn, The Times’s chief political analyst.The Presidential CycleThe party of a sitting president tends to lose seats in Congress in midterm elections, and high inflation makes matters worse for incumbents. Those are key findings of Ray Fair, a Yale economist whose long-running election model relies only on economic factors and shows the Democratic Party in an uphill climb this year.His model, along with the polls, the prediction markets and many forecasters, suggests that Republicans are likely to win control of the House of Representatives. The Senate is up for grabs.The issues in this election are enormous, and the vast differences between the two political parties are well chronicled. .css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-1hvpcve{font-size:17px;font-weight:300;line-height:25px;}.css-1hvpcve em{font-style:italic;}.css-1hvpcve strong{font-weight:bold;}.css-1hvpcve a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.Yet, for the stock market, history suggests that the outcome of the elections may not matter much. Shocking though this may be, since 1950, the midterm elections have brought an upturn for stocks, no matter which party has won, and no matter the issues.The market has generally flagged in the months before the midterms and prospered after them. And it has often excelled in the year after the midterms, typically the best of the four-year presidential cycle.Ned Davis Research, an independent investment research firm, compared stock returns for 1948 through 2021, broken down by the four years of a standard presidential term. It used the S&P 500 and a predecessor index:12.9 percent for Year 1.6.2 percent for Year 2, the year of the midterms.16.7 percent for Year 3, the year after the midterms.7.3 percent for Year 4.The data was similar for the Dow Jones industrial average going back to 1900.But why? There is no certain answer — and it could even be a series of coincidences — though there are plenty of explanations. The one I prefer is that presidents are politicians who try to stimulate the economy — and, indirectly, bolster stocks — for maximum effect in presidential elections.Their first year in office is the best time to make politically painful moves, which often lead to weak markets by the time the midterms come around. After losses in the midterms, though, presidents try to give the economy a surge through expansionary fiscal and monetary policy, setting themselves (or their successors) up well for the election.Is This an Exception?Two powerful factors — the negative effect of a slowing economy and the beneficial influence of the midterm elections — may be in conflict, Ed Clissold, the chief U.S. strategist of Ned Davis Research, said in an interview.On the positive side for stocks, Wall Street usually responds well to gridlock — the stasis that can grip Washington when power is divided — and such a division is the consensus expectation for the midterms. But, over the last century, when bear markets have been associated with recessions, no bear market has ever ended before a recession started, Mr. Clissold has found. The last time there was a recession in the year following the midterms occurred after the 1930 elections, during the Great Depression, a terrible era for stocks and the economy.“A recession would be expected to be more important than the election cycle,” he said.Practical StepsThere are many ways of making bets on specific election outcomes, though they entail risk that I don’t favor.For example, if Democrats defy the odds and hold onto both houses of Congress, infrastructure spending will be expected to increase. Matthew J. Bartolini, the head of exchange-traded fund research at State Street Global Advisors, said, to bet that way, you might try SPDR S&P Kensho Intelligent Structures ETF. It includes “intelligent infrastructure” companies — like Badger Meter, which supplies utilities with water-metering equipment, and Stem, which provides software and engineering for green energy storage.If you want to bet on gridlock, you may assume that a split government will be bullish for the overall market. Then again, the need to raise the federal debt ceiling in 2023 could become a market crisis. Republicans have vowed to use the issue as leverage, forcing President Biden to cut federal spending. Similar maneuvering in 2011 led to the downgrading of U.S. Treasuries by Standard & Poor’s, sending tremors through global markets.Tactical bets on election or economic outcomes are unreliable. That’s why what makes sense to me, regardless of the immediate future, is long-term investing in diversified stocks and bonds using low-cost index funds that track the entire market. This approach requires a steady hand, a horizon of at least a decade and enough money to safely pay the bills.Short term, try to fortify your portfolio and build up your cash so you can handle any economic or electoral outcome.My only specific political advice in this financial column is this: Make your voice heard. However the stock market behaves, this is an important election.Vote. More

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      Your Friday Briefing: The U.S. Economy Grew, Slowly

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      Plus the war in Ukraine may boost clean energy and investigations into Chinese outposts overseas.Quarterly changes in gross domestic product, adjusted for inflation.By The New York TimesU.S. economy grows, but slowlyThe U.S. economy grew slowly over the summer, adding to fears of a looming recession while simultaneously keeping alive the hope that one might be avoided.Gross domestic product, adjusted for inflation, increased by 0.6 percent after six months of decline, slightly exceeding forecasters’ expectations. That suggests that a path to “soft landing,” in which policymakers cool off red-hot demand without snuffing out the recovery entirely, remains open, but narrow.There are still plenty of economic headwinds. Consumer spending slowed as inflation cut into households’ buying power, and mortgage rates rose to the highest level since 2002, leading to a steep contraction in the housing sector. Big tech companies like Meta and Microsoft, which are usually two drivers of U.S. growth, are also signaling that tough times might be ahead amid inflation.In Europe: The European Central Bank raised interest rates again. In just three months, the bank has raised rates at the fastest pace in its history.Ripple effects: Interest rate increases by the U.S. Federal Reserve have hurt other currencies — including those of Japan, China and India — by making it harder for foreign borrowers with debt in U.S. dollars to repay their loans.Quotable: “Ignore the headline number — growth rates are slowing,” Michael Gapen, chief U.S. economist for Bank of America, said. “It wouldn’t take much further slowing from here to tip the economy into a recession.”Europe has seen an uptick in coal use as countries scramble to replace lost Russian gas.Martin Meissner/Associated PressThe war in Ukraine may boost clean energyIn response to natural gas shortages caused by the war in Ukraine, some countries are burning more coal. In the short term, European leaders looking for alternatives to Russian gas are turning to Africa to drill for more fossil fuels.But the International Energy Agency said yesterday that the war could speed up the shift to clean energy rather than slowing it down. One major reason is that soaring fossil fuel prices have led to a wider embrace of wind turbines, solar panels, nuclear power plants, hydrogen fuels, electric vehicles and electric heat pumps.The State of the WarFears of Escalation: President Vladimir V. Putin of Russia repeated the unfounded claim that Ukraine was preparing to explode a so-called dirty bomb, as concerns rose in the West that the Kremlin was seeking a pretext to escalate the war.The Looming Fight for Kherson: As Russian forces pillage the occupied southern port city and pressure residents to leave for Russia, a nearby hydroelectric dam has emerged as a linchpin in what is shaping up to be the site of the next major battle in Ukraine.A Coalition Under Strain: President Biden is facing new challenges keeping together the bipartisan, multinational coalition supporting Ukraine, which has shown recent signs of fraying with the approach of U.S. midterm elections and a cold European winter.Anti-Drone Warfare: Since Russia began terrorizing Ukrainian cities in recent weeks with Iranian-made drones, Ukraine has turned its focus to an intense counter-drone strategy. The hastily assembled effort has been surprisingly successful.The I.E.A. said global investment in clean energy is now expected to rise to more than $2 trillion annually by 2030 from $1.3 trillion in 2022.Still, the shift is not happening fast enough to avoid dangerous levels of global warming. The agency said that for things to change, governments would have to take much stronger action to reduce their emissions over the next few years.Notable: A climate protester glued his head to “Girl With a Pearl Earring,” a painting by Johannes Vermeer, at a museum in The Hague.Beyond catastrophe: In The Times Magazine, David Wallace-Wells argues that while there’s plenty of bad climate news, thanks to real progress, the world is headed toward a less apocalyptic future.From Opinion: The runoff election in Brazil on Sunday will determine the fate of the Amazon rainforest and Earth’s future.“It is such a brazen escalation and violation of territorial sovereignty,” said a member of a rights group.Bart Maat/EPA, via ShutterstockChina’s offshore police stationsThe Dutch government is investigating reports that Chinese law enforcement agencies are illegally operating offices in the Netherlands to police Chinese citizens overseas.The recent reports, which come from the news media and a human rights group, add to a growing body of evidence that suggests that Beijing surveils Chinese nationals from overseas outposts. The authorities in Canada are investigating similar operations there, and a rights group said that there are dozens of surveillance outfits around the world — including in New York, Paris, London, Madrid and Toronto.China said that the operations, which it described as “service stations” meant to help Chinese citizens with administrative tasks like passport renewals, also have the aim of “resolutely cracking down on all kinds of illegal and criminal activities related to overseas Chinese people.”Reaction: China’s Embassy in the Netherlands said it was “not aware” of and “not involved” with the offices. According to the Vienna Convention, an international pact that both China and the Netherlands signed, administrative matters are to be handled by consulates.THE LATEST NEWSAsia PacificFoxconn is now making the new iPhone 14.Gilles Sabrie for The New York TimesA Covid outbreak in China forced workers at a major iPhone manufacturing plant into quarantine right before an expected holiday buying surge.An Australian judge ordered a new trial of a former parliamentary staff member accused of raping a colleague in the Parliament House, after a juror brought a research article on sexual assault cases into the jury room.Around the WorldThe deal has stirred fierce debate in Israel: Some view it as an achievement; others see it as a dangerous capitulation.Jack Guez/Agence France-Presse — Getty ImagesIsrael and Lebanon, which are technically still at war, signed a maritime agreement regulating their rights to gas reserves at sea.Brazil’s presidential runoff is Sunday. Many fear that President Jair Bolsonaro, who spent months building the myth of a stolen election, may not accept defeat.The War in UkraineVladimir Putin, Russia’s president, used an annual foreign policy speech to try to appeal to conservatives in the U.S. and Europe.Fearing aggression from Belarus, Ukraine said it had increased its troop presence in the north.Russian loyalists stole the bones of Prince Grigory Aleksandrovich Potemkin from Ukraine. Potemkin is an inspiration to Putin: He persuaded Catherine the Great, his lover, to annex Crimea in 1783.The Week in CultureSkechers said it escorted Kanye West, now known as Ye, from its Los Angeles offices after he showed up there unannounced. Many wonder whether his music can withstand the backlash to his recent string of offensive outbursts.A memoir by Prince Harry is due in January. Some royal experts say the project is fraught with risk for him.A Morning Read“We should lead this world,” Wang Xiaodong once said.Gilles Sabrié for The New York TimesWang Xiaodong was once called the standard-bearer of Chinese nationalism.Now, he warns that the movement he helped to ignite nearly 35 years ago has gone too far. “I’ve been called nationalism’s godfather,” he told my colleague Vivian Wang. “I created them. But I never told them to be this crazy.”SPOTLIGHT ON AFRICAA demonstration in Addis Ababa in support of Ethiopia’s armed forces last weekend.Amanuel Sileshi/Agence France-Presse — Getty ImagesHigh-stakes talks on EthiopiaAfter nearly two years of civil war, representatives from the Ethiopian government and rebel forces in the country’s Tigray region began holding formal peace talks this week.The failure of the talks could exacerbate a conflict that began when fighting broke out after a contested election, and in which thousands have been killed and millions have been displaced.Little has emerged so far from the negotiations, which are being held in South Africa and mediated by former African leaders on behalf of the African Union. Tigrayans in exile have said they have little hope that the talks will end the fighting.“Ethiopia faces multiple challenges including major climatic stresses, an economy in deep distress, partly due to the war, and a number of other rebellions,” Murithi Mutiga, the Africa program director at the International Crisis Group, said.“It can’t afford a years’ long war on its borders,” he added. “A collapse in the talks will mean even more carnage in a war that’s already one of the world’s deadliest.”— Lynsey Chutel, reporter based in JohannesburgPLAY, WATCH, EATWhat to CookJohnny Miller for The New York TimesIf you have leftover rice, put it to good use in this crispy rice salad with halloumi and ginger-lime vinaigrette.What to ReadSome standout newly published books include “The Rebel and the Kingdom,” about a secret mission to overthrow the North Korean government.What to Watch“All That Breathes,” a subtle, poetic documentary, follows three men trying to rehabilitate New Delhi’s birds of prey.TravelHow to spend 36 hours in Sydney.Now Time to PlayPlay the Mini Crossword, and here’s a clue: Get older (three letters).Here are the Wordle and the Spelling Bee.You can find all our puzzles here.That’s it for today’s briefing. See you next time. — AmeliaP.S. Vivian Nereim will be our new Gulf bureau chief, becoming the first Times correspondent to lead a bureau in Saudi Arabia.The latest episode of “The Daily” is on the midterm elections in New York. Lynsey Chutel wrote today’s Spotlight on Africa. You can reach Amelia and the team at briefing@nytimes.com. More

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      Biden Hopes to Amplify Contrast With Republicans on Economic Policy

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      WASHINGTON — President Biden will travel to Syracuse, N.Y., on Thursday to highlight investments in semiconductor manufacturing and make a last-ditch attempt to win over voters on inflation, the economic issue that is dragging on Democrats ahead of the midterm elections.At a time when polls show that voters disapprove of the president’s handling of rising prices and trust Republicans more on the issue, Mr. Biden will seek to frame the elections as a choice between his administration’s ongoing efforts to lower costs for families and Republican aspirations to cut taxes for corporations and the wealthy — which could fuel even higher inflation — and other plans that Mr. Biden says would raise health care and electricity costs.Senior administration officials told reporters on Wednesday afternoon that Mr. Biden would use his trip to celebrate the chip maker Micron’s announcement this month that it would spend up to $100 billion to build a manufacturing complex in the Syracuse region over the next 20 years, creating up to 50,000 jobs in the process. Company officials said that investment was enabled by a bipartisan advanced manufacturing bill that Mr. Biden championed and signed into law earlier this year.The administration officials said the area exemplified a community benefiting from Mr. Biden’s economic policies, which have also included a bipartisan infrastructure bill approved in 2021 and the Inflation Reduction Act, signed late this summer, which raises taxes on corporations, seeks to reduce prescription drug costs for seniors and invests hundreds of billions of dollars into new energy technologies to reduce the fossil fuel emissions driving climate change.They also said it was the right backdrop for Mr. Biden to amplify the contrast he has sought to draw with Republicans on inflation. Republican candidates have campaigned on rolling back some of the tax increases Mr. Biden imposed to fund his agenda, extending business and individual tax cuts passed by Republicans in 2017 that are set to expire in the coming years, reducing federal regulations on energy development and other business and repealing the Inflation Reduction Act.The State of the 2022 Midterm ElectionsElection Day is Tuesday, Nov. 8.Bracing for a Red Wave: Republicans were already favored to flip the House. Now they are looking to run up the score by vying for seats in deep-blue states.Pennsylvania Senate Race: Lt. Gov. John Fetterman and Mehmet Oz clashed in one of the most closely watched debates of the midterm campaign. Here are five takeaways.Polling Analysis: If these poll results keep up, everything from a Democratic hold in the Senate and a narrow House majority to a total G.O.P. rout becomes imaginable, writes Nate Cohn, The Times’s chief political analyst.Strategy Change: In the final stretch before the elections, some Democrats are pushing for a new message that acknowledges the economic uncertainty troubling the electorate.In a memo released by the White House on Thursday morning, officials sought to frame those Republican proposals as potential fuel for further inflation, posing a risk to families struggling with high prices. “Their economic plan will raise costs and make inflation worse,” administration officials wrote.The memo suggests that among his other attacks in Syracuse, Mr. Biden will hit Republicans for what he says is an effort to raise costs for student borrowers. Several Republican-led states have sued to stop his plan to forgive up to $20,000 in student loan debt for qualifying individuals.Mr. Biden has struggled in recent weeks to persuade voters to view inflation as an issue that shows the contrasts between him and Republicans, rather than a referendum on his presidency and policies.Polls suggest the economy and rapid price growth, which touched a 40-year high this year, are top of mind for voters as they determine control of the House and Senate. Nearly half of all registered voters in a New York Times/Siena College poll this month named economic issues or inflation as the most important issue facing the country, dwarfing other issues in the survey, like abortion. Other polls have shown voters trust Republicans more than Mr. Biden and his party to handle inflation.Through the start of this month, Republican candidates had spent nearly $150 million on inflation-themed television ads across the country this election cycle, according to data from AdImpact. Those ads blame Democratic policies under Mr. Biden, including the $1.9 trillion economic relief package he signed in 2021, for inflation; economists generally agree that the spending helped fuel some price growth but disagree on how much.Mr. Biden previewed his renewed attacks on Republicans on Wednesday evening, in a trio of virtual fund-raisers for Democratic members of Congress. In each one, Mr. Biden focused almost exclusively on economic issues, championing the laws he has signed and warning that Republicans would seek to roll them back.The president criticized Republicans for promoting what he called “mega-MAGA trickle-down economics,” and he said the tax cuts Republicans support risk creating turmoil in financial markets. He drew a direct parallel between the Republican proposals and the tax cuts for high earners in Britain pushed by former Prime Minister Liz Truss, which prompted a harsh backlash in financial markets that led Ms. Truss to resign after a brief tenure.“You read about what happened in England recently, and the last prime minister, she wanted to cut taxes for the superwealthy — it caused economic chaos in the country,” Mr. Biden said. “Well, that’s what they did last time, and they want to do it again.” More

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      An Alternate History of the 2022 Midterms

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      In the campaign’s final days, Democratic strategists are already back-seat driving, second-guessing and what-iffing.In “Blame It on Cain,” his biblically infused 1978 song lamenting the fickleness of fate, Elvis Costello croons, “It’s nobody’s fault, but we need somebody to burn.”It’s as apt a description of the grim mood among Democratic strategists as any I’ve seen this week, with back-seat driving, second-guessing and what-iffing about the midterms rocketing around the left over the past few days.No single person is in charge of as complicated a thing as 435 House races, 30-odd Senate races and thousands more contests down the ballot. But the collective decision-making of party leaders is already coming under question, so Costello’s words were ringing in my ears this morning as I pored over Democrats’ disagreements.Even former President Barack Obama has emerged to chide his fellow Democrats, in a recent podcast interview, for “being a buzzkill” sometimes and losing focus on the things voters “care most deeply about.”The state of playLet’s make one thing clear: This was always going to be a bad year for Democrats. The only question was how bad.At the moment, Republicans are expressing growing confidence that they will capture a significant number of seats in the House. They need only five to take back the majority, but G.O.P. operatives are projecting that seats Democrats won by seven percentage points in 2020, such as Representative Abigail Spanberger’s in Virginia, could be winnable. Independent forecasters have shifted their predictions in recent days to what seems to be the consensus guesstimate: that Republicans will pick up as many as 25 seats.Republicans might even seize the Senate, where just one net pickup could shift partisan control. Senator Catherine Cortez Masto looks wobbly in inflation-racked Nevada, and Lt. Gov. John Fetterman’s shaky debate performance last night in Pennsylvania has set off a fresh round of teeth-gnashing. If Republicans win those two contests, they can afford to lose in Arizona, Georgia and New Hampshire. And Mitch McConnell will be back in power.In the big governors’ races, Democrats’ prospects look mixed. In Pennsylvania, Attorney General Josh Shapiro is comfortably ahead of Doug Mastriano, the far-right state senator. In Michigan, Gov. Gretchen Whitmer leads Tudor Dixon by about five percentage points.But Gov. Tony Evers of Wisconsin looks vulnerable, while in Arizona, Secretary of State Katie Hobbs is struggling to hold off an election-denying former television anchor, Kari Lake.We’ll see what happens on Election Day — anger over abortion could prompt a surge of Democratic turnout, to raise just one scenario, or Trump voters could stay home with their champion off the ballot. Or maybe the polls are wrong. But it’s worth considering whether there were any alternate approaches that could have put Democrats in a better position heading into the final days.The State of the 2022 Midterm ElectionsElection Day is Tuesday, Nov. 8.Bracing for a Red Wave: Republicans were already favored to flip the House. Now they are looking to run up the score by vying for seats in deep-blue states.Pennsylvania Senate Race: Lt. Gov. John Fetterman and Mehmet Oz clashed in one of the most closely watched debates of the midterm campaign. Here are five takeaways.Polling Analysis: If these poll results keep up, everything from a Democratic hold in the Senate and a narrow House majority to a total G.O.P. rout becomes imaginable, writes Nate Cohn, The Times’s chief political analyst.Strategy Change: In the final stretch before the elections, some Democrats are pushing for a new message that acknowledges the economic uncertainty troubling the electorate.The progressives’ complaint: too much abortion, not enough economyAs usual, the emerging fault line is between progressives who would prefer a sharper line of attack on economic issues, and mostly centrist operatives who are skeptical that those topics will play to Democrats’ advantage.Representative Ro Khanna of California, one of the main sponsors of bipartisan legislation to increase semiconductor manufacturing in the U.S., complained that he had seen few ads promoting Democrats’ economic policies.“We should be shouting from the rooftops that we’re for putting money in working peoples’ pockets and bringing jobs home from overseas, and they’re for cutting taxes for the wealthy,” Khanna said. “I don’t get it. It’s like running a football team with all offense and no defense.”On Oct. 10, Senator Bernie Sanders of Vermont wrote in The Guardian that he was “alarmed” that unidentified Democratic consultants were advising candidates to “focus only on abortion” in the closing weeks of the campaign.“In my view,” Sanders added, “while the abortion issue must remain on the front burner, it would be political malpractice for Democrats to ignore the state of the economy and allow Republican lies and distortions to go unanswered.”Then, on Friday, four senior Democratic strategists argued in The American Prospect, a liberal magazine, that the party could not wish away the inflation crisis — and needed to talk about it more in the closing weeks of the campaign.“Democrats need to understand that we have a winning message on the economy and inflation,” they wrote. “But rising costs will beat us if we avoid the issue.”Mike Lux, one of the co-authors, said in an interview that although some Democrats had run with smart, lunch-bucket messages on inflation — he named Tim Ryan in Ohio, and Fetterman and Representative Matt Cartwright in Pennsylvania — he wished “there had been more focus on kitchen-table issues, from the White House on down.”President Biden has begun doing exactly that, warning this week that Republicans would tank the economy and cut benefits like Social Security and Medicare if they retook Congress. But it’s fairly late to try to alter the trajectory of an election that has largely been fought on Republican terrain.As for the consultants Sanders alluded to, they counter that it was rational to focus on abortion because the reversal of Roe v. Wade fired up the base of the Democratic Party and angered suburban women without college degrees, a group widely seen as the most important swing demographic in this election.One challenge Democrats faced, Lux said, was that voters simply didn’t believe that Republicans planned to cut Social Security and Medicare. Voters tend to be skeptical of hypothetical arguments, because they hear them so often. Abortion rights advocates, for instance, had warned for years that Republicans wanted to overturn Roe v. Wade. Until the Supreme Court did so, it sounded to many voters like political posturing. And now, he said, “the wolf is at the door.”In Senate races, Democrats have spent roughly 41 percent of their television advertising budgets on abortion, according to Celinda Lake, a pollster who was another co-author of the American Prospect article.Some of that money could have been spent on shoring up voters’ knowledge of what Democrats have done to help address rising health care costs, some Democrats said. Others blamed fickle Democratic megadonors for hoarding their money for 2024. Still others faulted progressive House lawmakers, or Senator Joe Manchin, for spending nearly a year and a half fighting over what ultimately became the Inflation Reduction Act.Some Democrats have praised Tim Ryan for how he is running on economic issues like inflation in Ohio.Megan Jelinger for The New York TimesThere are also fierce debates over tactical decisions made in Washington. Allies of Ryan, the Democratic nominee for Senate in Ohio, have questioned why party groups have heavily spent to help Cheri Beasley, the party’s candidate in North Carolina, while largely leaving Ryan to face J.D. Vance alone. Then there’s crime, an emotionally charged issue that many Democrats have pooh-poohed as overblown, pointing to instances of race-baiting by Republicans. Overblown or not, a Gallup poll in April found that voters’ concerns about crime had reached their highest level since 2016, and it’s been a factor in many big races.James Carville, the former adviser to Bill Clinton and a frequent scold of the left, noted on Twitter that he had urged Democrats last year to “take control of the anti-crime message.”“Crime is going to be an issue up and down the ballot in 2022, and many local politicians are already feeling the heat,” Carville wrote then in a Wall Street Journal opinion essay. “If we don’t aggressively begin to own the crime issue and make Republicans respond to their own failures, we risk losing our slim majorities in Congress.”“They did not,” Carville observed in a tweet this week. “Colossal mistake.”‘It just seems to be his turn’If there’s anyone Democrats consistently blame for their fate this year, it’s the man in charge of their party: Biden, whose national approval ratings have settled back into the low 40s after a brief summer honeymoon, and they are worse in swing states. It’s telling that he isn’t barnstorming the country right now on behalf of embattled Democratic candidates, and he has stuck to raising money or taking targeted trips to more hospitable places like Colorado.But not only did most Democrats in Congress vote for the spending bills that Republicans are attacking as inflationary, they are also often at a loss when asked who might be a better banner-carrier for their party in 2024. Kamala Harris? Unimpressive. Gavin Newsom? Too slick or too Californian. J.B. Pritzker? Too rich.Once again, “Blame It on Cain” sounds prophetic.“It’s nobody’s fault,” Costello sings in the song’s last line. “But it just seems to be his turn.”What to readJohn Fetterman’s debate performance is raising anxiety levels among Democrats in Pennsylvania, Lisa Lerer and Katie Glueck report.A woman who did not identify herself said on Wednesday that Herschel Walker pressured her to have an abortion and paid for the procedure nearly three decades ago after a yearslong extramarital relationship.Republicans are targeting Representative Sean Patrick Maloney, a Democrat whose Hudson Valley seat is becoming one of the most closely contested in the country.A judge in South Carolina ordered Mark Meadows, the former White House chief of staff, to testify in an Atlanta-area investigation into Donald Trump’s alleged meddling in the 2020 election.Pugilistic press aides have moved from the shadows of campaigns to become stars on social media, Michael Bender writes, netting hundreds of thousands of followers.Thank you for reading On Politics, and for being a subscriber to The New York Times. — BlakeRead past editions of the newsletter here.If you’re enjoying what you’re reading, please consider recommending it to others. They can sign up here. Browse all of our subscriber-only newsletters here.Have feedback? Ideas for coverage? We’d love to hear from you. Email us at onpolitics@nytimes.com. More

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      The Left-Right Divide Might Help Democrats Avoid a Total Wipeout

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      With the midterm election less than two weeks away, polling has turned bleak for the Democrats, not only increasing the likelihood that the party will lose control of the House, but also dimming the prospects that it will hold the Senate.The key question is whether Republicans will wipe out Democratic incumbents in a wave election.In a 2021 article, “The presidential and congressional elections of 2020: A national referendum on the Trump presidency,” Gary Jacobson, a political scientist at the University of California San Diego, described how the Trump administration and its 2020 campaign set the stage for the 2022 midterms:Reacting to the [Black Lives Matter] protests, Trump doubled down on race‐baiting rhetoric, posing as defender of the confederate flag and the statues of rebel generals erected as markers of white dominance in the post‐Reconstruction South, retweeting a video of a supporter shouting “white power” at demonstrators in Florida, and vowing to protect suburbanites from low-income housing that could attract minorities to their neighborhoods.The headline and display copy on my news-side colleague Jonathan Weisman’s Oct. 25 story about the campaign sums up the party’s current strategy:With Ads, Imagery and Words, Republicans Inject Race Into Campaigns: Running ads portraying Black candidates as soft on crime — or as “different” or “dangerous” — Republicans have shed quiet defenses of such tactics for unabashed defiance.Republican strategies that emphasize racially freighted issues are certainly not the only factor moving the electorate. Republican skill in weaponizing inflation is crucial, as is inflation itself. Polarization and the nationalization of elections also matter, particularly in states and districts with otherwise weak Republican candidates.Jacobson is one of a number of political analysts who argue that the calcification of the electorate into two mutually adversarial blocs limits the potential for significant gains for either party. In a recent essay, “The 2022 U.S. Midterm Election: A Conventional Referendum or Something Different?” Jacobson writes:Statistical models using as predictors the president’s most recent job approval ratings and real income growth during the election year, along with the president’s party’s current strength in Congress, can account for midterm seat swings with considerable accuracy. For example, applying such a model to 2018, when President Donald Trump’s approval stood at 40 percent and real income growth at 2.1 percent, Republicans should have ended up with 41 fewer House seats than they held after the 2016 election — improbably, the precise outcome.Applying those same models to the current contests, Jacobson continued,the Democrats stand to lose about 45 House seats, giving the Republicans a 258-177 majority, their largest since the 1920s. For multiple reasons (e.g., inflation, the broken immigration system, the humiliating exit from Afghanistan) Biden’s approval ratings have been in the low 40s for the entire year. High inflation has led to negative real income growth.No wonder then, Jacobson writes, that “the consensus expectation at the beginning of the year was an electoral tsunami that would put Republicans in solid control of both chambers.” Now, however, “this consensus no longer prevails.”Why?Partisans of both parties report extremely high levels of party loyalty in recent surveys, with more than 96 percent opting for their own party’s candidate. Most self-identified independents also lean toward one of the parties, and those who do are just as loyal as self-identified partisans. Party line voting has been increasing for several decades, reaching the 96 percent mark in 2020. This upward trend reflects a rise in negative partisanship — growing dislike for the other party — rather than increasing regard for the voter’s own side. Partisan antipathies keep the vast majority of Democrats and Democratic-leaning independents from voting for Republican candidates regardless of their opinions of Biden and the economy.Jacobson noted in an email that over the past weekthe numbers have moved against the Democrats, and they should definitely be worried. The latest inflation figures were very bad news for them. But I still doubt that their House losses will approach the 45 predicted by the models and I think they still have some hope of retaining the Senate — or at least, their tie.Jacobson points out that in the current lead-up to the midterms, there is an exceptionally “wide gap between presidential approval and voting intentions, with the Democrats’ support on average 9.2 percentage points higher than Biden’s approval ratings.” He also notes that in previous wave elections, the spread between presidential approval and vote intention was much closer, 5 points in 1994, 4.9 in 2006, 0.3 in 2010 and 4.1 in 2018.Julie Wronski, a political scientist at the University of Mississippi, argued in an email that polarization has in very recent years changed the way voters evaluate presidents and, in turn, how they cast their ballots in midterm contests. “There is a higher floor and lower ceiling in presidential approval,” she said:If anything, approval is fairly resistant to external shocks in ways that look very different from either George W. Bush or Obama. An approval rating below 50 percent seems to be the new norm. But if we think about this from a partisan lens, an overwhelming percent of Democrats will always support the Democratic president, while an overwhelming percent of Republicans will oppose him.Put another way, Wronski said, “it wouldn’t matter what Biden does or doesn’t do to curb inflation, Democrats will largely support, and Republicans will largely oppose.”In this context, “partisanship serves as lens through which economic conditions are evaluated. The stronger partisanship exists as a social identity, the more likely it will be used as the motivation to view and accept information about economic conditions, like inflation.”Negative partisanship, Wronski wrote, “has emerged in recent elections as a driver of voting turnout and vote choice,” with the resultthat partisan antipathies keep Democrats from voting for Republican candidates. No matter how bad economic conditions may be under Biden, the alternative is seen as much worse. The threat to abortion rights and democracy should Republicans take control of Congress may be a more powerful driver of voting behavior.While polls show growing public fear that adherence to the principles of democracy have declined, Wronski pointed out thatthose concerns do not trump more immediate needs like being able to afford food, housing, and gas. To be fair, people cannot fight for lofty ideals like democracy when their basic needs are not being met. People need to be secure in their food and housing situation before they can advocate for bigger ideas.There is another factor limiting the number of House seats that the Republican Party is likely to gain: gerrymandering.Sean Trende, senior elections analyst at RealClearPolitics, makes the case that in state legislatures both parties “hoped to avoid creating districts that were uncertain for their party and/or winnable for the other party. One upshot of this is that in a neutral or close-to-neutral environment, there aren’t many winnable seats for either party.”Trende elaborates: “In the swingiest of swing seats where Biden won between 51 percent and 53 percent, there are just 19 seats. Of those seats, 10 are held by Democrats, seven are held by Republicans, and one is a newly created district.” In a neutral year when neither party has an advantage in the congressional vote, Trende writes, if “Republicans won all the districts where Joe Biden received 52 percent of the vote or less and lost all of the districts where he did better, they would win 224 seats.Gerrymandering has created what Trende calls “levees” — bulwarks — that limit gains and losses for both parties. The danger for Democrats is the possibility that these levees may be breached, which then turns 2022 into a Republican wave election, as was the case in 1994 and 2010: “In a universe where Republicans win the popular vote by four points, sweeping all of the districts that Biden won with 54 percent of the vote or less, the levee would break and the Republican majority would jump from 232 seats to 245 seats.”When Trende published his analysis on Sept. 29, the generic congressional vote was almost tied, 45.9 Republican to 44.9 Democratic, close to a “neutral” election. Since then, however, Republicans have pulled ahead to a 47.8 to 44.8 advantage on Oct. 22, according to RealClearPolitics. FiveThirtyEight’s measure of the generic vote shows a much closer contest as of Oct. 25, with Republicans ahead 45.2 to 44.7 percent.In 2010, the Republican Party’s generic advantage in late October was 9.4 points, a clear signal that a wave election was building.Educational polarization — with college-educated voters shifting decisively to the Democratic Party and non-college voters, mostly white, shifting to the Republican Party — in recent elections has worked to the advantage of the right because there are substantially more non-college voters than those with degrees.This year, the education divide may work to some extent to the benefit of Democrats.James L. Wilson, a political scientist at the University of Chicago, pointed out in an email that not only do “polarization and party loyalty make the election outcomes less likely to depend on immediate economic circumstances,” but also “educational polarization, combined with the fact that better-educated voters tend to turn out at higher rates in midterm elections than do less-educated voters, may help the Democrats despite voter concerns about Biden or the economy.”Even with inflation as one of the Democratic Party’s major liabilities, the intensification of polarization appears to be muting its adverse impact.In their 2019 paper, “Motivated Reasoning, Public Opinion, and Presidential Approval,” Kathleen Donovan, Paul M. Kellstedt, Ellen M. Key and Matthew J. Lebo, of St. John Fisher University, Texas A&M University, Appalachian State University and Western University, wrote that “Polarization has increased partisan motivated reasoning when it comes to evaluations of the president,” as the choices made by voters are “increasingly detached from economic assessments.”As partisanship intensifies, voters are less likely to punish incumbents of the same party for failures to improve standards of living or to live up to other campaign promises.Yphtach Lelkes, a professor of communication and a co-director of the polarization lab at the University of Pennsylvania, wrote by email that “people (particularly partisans) are far less likely to, for instance, rely on retrospective voting — that is, they won’t throw the bums out for poor economic conditions or problematic policies.”In the early 1970s, Lelkes wrote, “partisanship explained less than 30 percent of the variance in vote choice. Today, partisanship explains more than 70 percent of the variance in vote choice.”This trend grows out of both identity-based partisanship and closely related patterns of media and information usage.As Lelkes put it:There are various explanations for this. There is an identity/motivated reasoning perspective, where people think better us than them and would prefer a lampshade to an out partisan. Another possibility is that people get skewed information. If I watch lots of Fox News or pay even marginal attention to Republican candidates, I’ll hear lots about the economy. If I watch MSNBC and pay attention to Democratic candidates, I’ll hear a lot about abortion, but less about the economy.Not everyone agrees that polarization will limit Democratic losses this year.John Sides, a political scientist at Vanderbilt, wrote by email that “it is absolutely true that party loyalty in congressional elections has increased. But this does not stop large seat swings from occurring.”There is, Sides continued, “some evidence that midterm seat swings can be driven by people actually switching their votes from the previous presidential election,” suggesting that “clearly not every voter is a die-hard partisan.”Sides remained cautious, however, about his expectations for the results on Nov. 8: “The recent poll trends are pushing toward larger G.O.P. gains but I am not sure those trends suggest the 40+ House seat gains that the national environment would forecast.” A narrow win, he wrote, would mean that Republican leaders in the House will face “a very delicate task. On the one hand, they have to appease Freedom Caucus types. But they also have to protect potentially vulnerable G.O.P. members in swing districts. I do not know how you manage that task, and so I do not envy Kevin McCarthy.”Dritan Nesho, a co-director of the Harvard CAPS/Harris Poll, was distinctly pessimistic concerning Democratic prospects:An empirical analysis of the 2022 midterm polls in the final stretch suggests that this election will tip both the House and the Senate toward Republicans, and it’s no exception to historical trends suggesting the incumbent party tends to lose an average of 28 seats in the House and 3 or so seats in the Senate. Key numbers around lack of confidence in the economy, the pervasive impact of inflation, and a worsening personal financial situation among a majority of voters today, actually suggest a stronger loss than the average.The two best predictive variables for election outcomes, Nesho writes,are presidential approval and the direction of personal finances. Both are severely underwater for Democrats. In our October Harvard CAPS/Harris Poll, Biden has plateaued at 42 percent job approval and 54 percent of voters report their personal financial situation as getting worse. 55 percent blame the Biden administration for inflation rather than other factors (including 42 percent of Democratic respondents), and 73 percent expect prices to further increase rather than come down. 84 percent of voters think the U.S. is in a recession now or will be in one by next year.If that were not enough, Nesho continued,at the same time Democrats are seen as disconnected from the key issues of concern for the median voter. Republicans are connecting better with general voters on inflation and the economy, crime, and immigration; Democrats are seen as preoccupied with Jan. 6, women’s rights/abortion, and the environment, which are further down the list of concerns.Republicans, in turn, have pulled out all the stops in activating racially divisive wedge issues, relentlessly pressing immigration, crime and the specter of generalized disorder.In Missouri, for example, Brian Seitz, a state representative, is determined to “shut down” critical race theory, declaring, “There is a huge red wave coming.” Elise Stefanik, chair of the House Republican Conference, ran a Facebook ad that read: “Radical Democrats are planning their most aggressive move yet: a PERMANENT ELECTION INSURRECTION. Their plan to grant amnesty to 11 MILLION illegal immigrants will overthrow our current electorate and create a permanent liberal majority in Washington.” In Ohio, J.D. Vance, the Republican Senate candidate, contends that Democrats are recruiting immigrants and “have decided that they can’t win re-election in 2022 unless they bring in a large number of new voters to replace the voters that are already here.” Blake Masters, the Republican Senate nominee in Arizona, warns that Democrats want to increase immigration “to change the demographics of our country.”Robert Y. Shapiro, a political scientist at Columbia, observed in an email: “By all rights this should be a debacle for the incumbent party based on the fundamentals — the relative bad news about the economy — inflation — crime, the southern border, and the lingering Afghanistan fiasco.”But, Shapiro added:There are mitigating factors: a very important one is that the Republicans picked up many seats in the House in 2020 so those seats are not at risk now for the Democrats, thanks to around 11 million more Republican voters in 2020 than in 2016. The other factor is the Dobbs abortion decision that led to a surge in Democratic voter registration, very likely significantly women and younger voters. This at best has just helped the Democrats to catch up to Republicans.The crucial question in these circumstances, in Shapiro’s view, “will be relative partisan turnout — will this be more like 2010 or 2018? I sense the enthusiasm and anger here is at least a bit greater among Republicans than Democrats for House voting.”Bruce Cain, a political scientist at Stanford, emailed me to say that he agrees “with those who think the Democrats will lose the House,” but with Republicans seeing “a below historical average seat gain, i.e. under the 40-45 seats that some models are predicting.”Cain argued that a Democratic setback will not be as consequential as many on both the left and right argue: “It’s not like either party needs to worry about being locked out of power for very long. The electoral winds will shift, and the window to power and policy will open again soon enough.” Polarization, Cain noted, “has made it clear to both parties that you have to grab the policy prizes while you have trifecta control” — as both Trump and Biden have done during their first two years in office.One difference between the current election and the wave election of 1994 is that this time around Republicans have no attention-getting, mobilizing agenda comparable to Newt Gingrich’s Contract With America. They have contented themselves with hammering away on the economy, race and immigration.Republicans are fixated on an ethnically and racially freighted agenda of gridlock and revenge. They propose to reduce immigration and to roll back as much as they can of the civil rights revolution, the women’s rights revolution and the gay rights revolution. They threaten to hound Biden appointees, not to mention the president’s son Hunter, with endless hearings and inquiries. The party has also signaled its refusal to raise the debt ceiling and promised to shut down the government in order to force major concessions on spending.While this agenda may win Republicans the House and perhaps the Senate this year, it contains too many contradictions to achieve a durable Republican realignment.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More