That's the Biden economy, Jack.
No, but seriously though, this is probably gonna win the Democrats a 2002 of our own next year & then Biden a re-election victory. Feel free to mock this all you want for right now, but be sure to bookmark it & bump it on the morning of Nov. 6th, 2024. I'll be vindicated in full. If not, then I'll gladly change my avatar to whatever Atlas Talk Elections wills it to be for however long it wills it to be that.
A bull market would assure Joey's re-election chances however you don't think the GOP base isn't gonna be much more riled up for the midterms than the Ds were in 02? W's rally-around-the-flag effort post-9/11 didn't really wear off until Iraq started going sour, our nation's far too polarized for that now.
Eh, not really, or at least not as of yet anyway, what with Biden's approval still remaining comfortably above 50%, with 75% of the Republican rank-&-file having just supported the ARP, & now with a similar proportion thereof expected to do the same for the infrastructure package (so, y'know, the congressional Republican strategy of full-on obstructionism just appears to be working absolute wonders for them in terms of ingratiating themselves with the voters who they're gonna need in order to maintain their - & gain more - wins). At the very least, a motivated Republican base won't be as big an issue for the Democrats in 2022 as it was for us in 2010 & 2014, given that at least some of that can now be canceled out by the Democrats' having converted an obviously not-insignificant amount of suburban former-swing voters into Democratic-leaning voters who are motivated enough to actually turn-out in midterm elections.