Democratic strategist James Carville coined the phrase: "It's the economy, stupid!" If that expression holds true, Democrats are in for a walloping this November.
That is because, as NBC News reported over the weekend, the voter demographic groups that helped Democrats win in 2020 are being most negatively impacted by the ongoing inflation crisis.
The working and middle classes, of course, are most impacted by inflation — which decreases the purchasing power of every dollar — because they generally have less discretionary income, thus making them more susceptible to rising costs at the gas pump and grocery store.
With Biden's approval ratings in the tank and Americans feeling pessimistic about the trajectory of the economy, Democrats will likely lose their majorities in Congress after the midterm elections.
