It's the Local Economy, Stupid
If the mantra, "It's the economy, stupid," still holds true, it should be a great election year for Republican incumbents. There's been plenty of good economic news of late: the Dow has broken the 12,000 barrier, gas prices are down, and with an unemployment rate of 4.6%, there appears to be no shortage of jobs. But support for incumbents in this Republican-controlled Congress is at a historic low, according to the most recent Gallup poll. And as the midterm elections approach, the Democrats look likely to take control of the House, and could also win back the Senate for the first time in over a decade. The picture seems puzzling: If the economy is in such good shape, what's behind the growing urge to change the Congressional guard?
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