WASHINGTON, Nov 7 (Reuters) – Household cash is near
record levels in the United States, and consumers are using it
to pack restaurants and airplanes and buy new cars. Jobs are
there for the taking. Net worth is 30% higher than before the
pandemic, more so for those in the bottom half.
And people have soured on President Joe Biden despite all of
that.
Midterm elections on Tuesday could hamstring the Democratic
president with a Republican-controlled Congress, and opinion
polls and public sentiment surveys suggest that a gloomy mood
around economic issues is pushing voters in that direction.
It is a fact of American politics that the party in the
White House struggles in the congressional races held every two
years between presidential contests.
It is a fact of this moment that there is a roaring,
real-time dissonance between the president’s 40% approval rating
and broader…
