TWO axioms in American politics are widely held: First, the political party that controls the White House would lose seats in Congress in midterm elections.
Former president George W Bush admitted that his Republican Party took a "thumping" in the 2006 midterms, and former president Barack Obama referred to the Democrats' "shellacking" in the 2010 midterm races, while Republican losses were massive in the elections that took place under former president Donald Trump in 2018.
According to the second axiom favoured by analysts, bad economic news means horrible political news for a president running for re-election; the "It's-the-economy, stupid!" thing. Duh?
Taking those 2 maxims as guides, it has...