2026 Blue Wave
17 min
This week we talk about the US midterm elections, the unusually broad Democratic victory, and what a change in congressional control means for the remainder of President Trump’s term. We also discuss the cost of living, the limits of a congressional majority, and what these results may, and may not, tell us about 2028. Recommended Book: 1873 by Liaquat Ahamed Transcript On November 3rd, 2026, Americans voted in an election that, under ordinary circumstances, would have been expected to make governing a little more difficult for the sitting president. The party in the White House often loses seats in midterm elections, as voters register their frustrations and the coalition that elected the president proves more difficult to assemble without the president, the party’s figurehead, on the ballot. This time, though, the losses were substantial enough to change who controls both chambers of Congress. Democrats won the House of Representatives, and they won the Senate, picking up seats in states that would have seemed like especially difficult targets, perhaps even borderline impossible to win, not that long ago. They also won several governorships, including in until recently unlikely-seeming places, like Texas, Iowa, Ohio, and Georgia. The precise size of those majorities are still in flux as of the day I’m recording this, as the last close races are still being counted and have yet to be called. But the basic result is settled: when the new Congress takes office in January, President Donald Trump will be working with a Democratic House and a Democratic Senate after two years of enjoying a Congress run by his party, in addition to his spot at the top of the executive branch, and a Supreme Court stacked with loyalists and ideological fellow travelers. What I’d like to talk about today is how that happened, what it allows the Democrats to potentially do after they’re seated, and what it might mean for the next presidential election. — As I mentioned, at the start of this...