By Lambert Strether of Corrente.

Here’s Taibbi’s drinking game. Here are live updates from the Times, Politico, and FOX.

The conventional wisdom seems to be — handicappers, please add your comments! — that this is not a “wave year” for Republicans. Democrats will lose the House, but not much, and retain the Senate. Normally, my heuristic would be that the conventional wisdom is wrong, but my current heuristic is that this is the stupidest timeline, and that would be the stupidest outcome, since the Democrat gerontocracy’s pasty white fundamentals would remain firmly planted in the seats of power (“If only a few votes in a few states hadn’t flipped by Putin!”) Not that the color of the pasty fundamentals matters much, if the Congressional Black Caucus takes over. Amy Cook expresses the conventional wisdom well:

Ultimately, however, I’m a big believer in the fundamentals. And right now, the mood of the electorate is dour. The president is unpopular. And inflation remains a persistent and unrelenting pressure point in the lives of average Americans. Those fundamentals alone give Republicans an outsized advantage. Keeping the bottom from dropping out on Democrats, however, are some structural fundamentals of their own: an optimal Senate map with weak/flawed GOP opponents in those key races; a House map that is also pretty well-sorted; a polarized electorate that rarely defects from its partisan leanings; and a Democratic base that is more engaged than we’d expect to see in a ‘tsunami’ year.

“Dour”? My shorter OED defines “dour” as “gloomily taciturn; sullen.” I don’t know about that; but I’m not sure there’s a word for “incandescent rage so deeply impacted that it turns to boredom”; perhaps the Germans have one.

In any case, here are some bellwether races to watch in case you need to get to bed early: Cook Political Report suggests the PA Senate, since if Fetterman wins, that means Democrats can afford to lose another incumbent, and OH-13, a district Biden narrowly carried in 2020. Blake Hounshell suggests three House races in Virginia, ordering them from most to least vulnerable: Elaine Luria (VA-2), Abigail Spanberger (VA-7), and Jennifer Wexton (VA-10), as indicators that a Republican victory is a “Red Ripple,” a “Red Wave”, or a “Red Tsunami” respectively.

Readers, if you have races that you consider especially important or interesting, please add them in comments!

On the bright side, The 2024 Presidential campaign begins tomorrow. Bottoms up!

This entry was posted in Guest Post, Politics on by Lambert Strether.

About Lambert Strether

Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered. To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.