Investing.com – The midterm elections begin today in America, as voters in Ohio and other states are jostling for the polls. But the big question during these moments is how many seats do Republicans need to win the House of Representatives?
Democrats currently hold a slim majority in the House of Representatives with 222 seats, compared to the 213 seats the Republicans control, while Republicans are seeking to regain a majority in the House.
This means that the Republicans need to get only 5 seats in order to reach the 218 seats needed to obtain a majority.
Fox News says that according to most forecasts and polls, the Republicans will win 23 seats to get a majority of 236 seats in the House of Representatives.
Historically, the president’s party lost 29 seats in the House of Representatives, on average, in its first midterm elections, according to a report by the Council on Foreign Relations.
In each midterm election cycle, all 435 House seats are electable, compared to about a third of the Senate’s seats.
Statewide, 36 states hold midterm elections for governor and other local officials.
What about spending?
Democrats spend hundreds of millions during the election campaign campaigning for abortions. Democrats spent $320 million on abortion campaigns in this cycle, while ignoring other pressing issues such as high inflation, a crumbling economy, the crisis on the southern border and crime.
According to AdImpact, Democrats spent only $140 million on crime-related ads and $31 million on inflation-addressing ads, even though inflation has risen to 40 and the economy has been of paramount importance to the majority of voters.
Several Democratic candidates have used the topic of abortion to drive their campaigns, running ads trying to distort the views of their Republican pro-life opponent, but they have not specified where they stand on abortion and what restrictions, if any, they support.
The most important issue
Despite making abortion a midterm focus and investing hundreds of millions of critical campaign money in the topic, a recent New York Times national poll found that only 5% of registered voters believe that abortion is the most important issue facing our country today.
While a majority of voters 26% think the economy is the number one issue, and a national poll finds the issue of inflation a top concern for 18% of respondents, the New York Times poll was conducted October 9-12 with a margin of error of 4.0. percentage points.
What about stagnation?
According to a Fox News report, no matter who retains or gains power from the midterm elections, the outcome will affect investors and the stock market for weeks to come.
Moreover, the rising cost of living and persistent inflation may accelerate depending on the volatility of the stock market’s reaction.
By definition, the US is already in a recession. The most commonly used definition of a recession is two straight quarters of GDP decline, with US GDP declining at an annualized rate of 0.9% in the second quarter, after a 1.6% decline in the first quarter of 2022.
The recession has not begun since the midterm elections in 1929 during the president’s third year in office.
Trump-backed candidates are looking to defeat the opposition in Tuesday’s midterm elections, and over the past year, former President Trump has made several statements to candidates that he is back to run in the presidential race.
Donald Trump has repeatedly hinted that he will pursue a new run for the White House in 2024.
Trump issued a total of 493 endorsements this year, including 240 primary approvals, with Trump initial endorsements achieving a 92% success rate, and for the general election Trump issued 253 endorsements.
Republican Senate candidates who have secured Trump’s endorsement in key states include Blake Masters in Arizona, Kelly Chebaka in Alaska, Hershel Walker in Georgia, Adam Laxalt in Nevada, J.D. Vance in Ohio, Dr. Mehmet Oz in Pennsylvania, and Ron Johnson in Wisconsin (NYSE:WEC), and Dan Boldock in New (NYSE:NIO) Hampshire.
Trump’s endorsement in the 2022 election had a major impact on Republicans who had previously voted to impeach him.
Washington Representatives Jaime Herrera Butler, Liz Cheney of Wyoming, Peter Meijer of Michigan, and Tom Rice of South Carolina lost their primary.