The Intelligence from The Economist The elephant in the chamber? America’s midterms
Nov 3, 2022
Idris Kaloun, The Economist's Washington bureau chief, analyzes the imminent shifts in the U.S. midterm elections, noting the potential Republican takeover and legislative gridlock. Shashank Joshi, defense editor, discusses the alarming vulnerability of undersea infrastructure, particularly in light of recent sabotage incidents. Meanwhile, Moeka Iida explores the true essence of 'ikigai,' unraveling its cultural significance in Japan versus its commercialization in the West, challenging listeners to rethink their paths to fulfillment.
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Midterm Election Predictions
- The Democrats' midterm prospects improved over the summer due to falling gas prices and the Roe v Wade overturn.
- However, a recent tightening in races, persistent inflation, and the 50-50 Senate split suggest a likely Republican House takeover.
Gridlock and Policymaking
- Divided government will likely lead to gridlock, with three potential veto points: President Biden, the Senate, and the House Freedom Caucus.
- Policymaking will be minimal due to conflicting agendas, resembling the Obama-Boehner dynamic.
Brinksmanship and Government Shutdowns
- Brinksmanship and government shutdowns are likely to return with a Republican-controlled Congress.
- Republicans might use deadlines like government shutdowns or debt ceiling breaches to push for spending cuts and entitlement reforms.
