IBD’s editorial on the state of the economy is great news for Republicans’ midterm hopes. It opens by saying “A new report shows that the median household income has climbed 3% since President Trump took office. It’s another sign of a strong economy, and at least one poll shows the public credits Trump for the good news. Should Democrats wave bye to the Blue Wave?”

After that, it mixes in statistics to strengthen its point. For instance, included in the article is the fact that the “latest IBD/TIPP Economic Optimism Index is 53.6. This index has been in positive territory (anything over 50 is optimistic) since Trump took office. The Quality of Life Index, meanwhile, hit a 14-year high in May and the Financial Stress Index is at an all-time low. Gallup’s tracking poll shows that 67% now say it’s a good time to find “a quality job in the U.S.,” which is the highest since Gallup started asking this question 17 years ago. The best this measure ever got under Obama was a paltry 45%. CNN’s poll finds that 57% now say ‘things are going well in the U.S.,’ up from just 49% in February. The latest CBS News/YouGov poll found that 64% rate the economy as somewhat or very good.”

This isn’t cherrypicking the only good news out of a gloomy economic report. This is reporting one bit of economic good news after another. The most important part is that President Trump and Republicans are getting the credit for these improvements:

But what must really concern Democrats is that 68% of the public now says Trump’s policies deserve at least some of the credit, according to the CBS poll. Thirty-five percent say he deserves a ‘great deal’ of credit for the current economy, while only 11% say he deserves none at all.

That isn’t good news for Democrats but that isn’t what should worry Democrats most. Here’s what Democrats should be most worried about. They don’t have a defense for unanimously voting against the Trump/GOP tax cuts. When the calendar flips to October and politicians make their final push towards the election, Democrats won’t have a legitimate defense for voting against the tax cuts. That’s precisely when most voters will finally start paying attention to the election and making their final decisions.

By the time the polls register that change, it’ll be too late for Democrats. Their political ship will have already hit the proverbial iceberg. Good luck with that.

That same poll found the Democratic advantage in the “generic ballot” at only +2 points. The latest Reuters poll has Republicans up by almost 6 points. As recently as March, Democrats had an average 9-point lead on this question, which is seen as an indicator of the enthusiasm for the two parties going into the midterm elections in November.

We’re heading into Memorial weekend. By the time Labor Day weekend rolls around, we’ll likely be looking at a significantly improved situation — for Republicans.

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