The standard viewpoint of late has been that since the economy has not recovered adequately from The Great Recession, the Democrats will suffer massive losses in the midterm elections coming up in November.
But the recent Wall Street rally in September, the best September since 1939, and the improvement in the market in the early days of October, have to make one wonder if that is a sign of economic expansion!
If it is seen as such, then it might just affect the attitude of many Americans who have soured on the Obama Administration!
Psychology is a very important part of politics, and it is well known that people’s memories are short, so the increased economic activity might just turn the tide for the Democrats, and they may lose fewer seats than often expected!
It just makes the waiting for the election results four weeks from tonight even more interesting and significant!