The Republican Party is headed into the midterm elections armed with a powerful economic case in favor of keeping its majorities in the House of Representatives and the Senate. Unfortunately for Republican candidates, it’s unlikely to move many voters.
The U.S. economy’s growth is surging. The economy expanded at a 3.4 percent annual rate in the third quarter of the year. That momentum appears to have continued into the fourth quarter, with S&P Global saying last week that its purchasing managers’ survey results are consistent with five percent growth in October. A barometer of the manufacturing sector released Monday by the Institute for Supply Management showed the strongest production in nearly five years.
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