Fifty years from now, no one will remember the names of the one-term Democratic senators or candidates who were washed out in the 2014 midterm elections—Hagan, Udall, Braley and the others. What they will remember is that the Democrats in 2014 became the party of a modern Herbert Hoover. In Barack Obama , they were led by a detached president whose name history will attach to a prolonged, six-year economic catastrophe. They became the party of economic despair. The party of economic despair will always lose.
That is the one certain thing we learned in the 2014 midterms: Low economic growth in the modern U.S. economy is a total, across-the-board, top-to-bottom political loser.
In Wisconsin, where Gov. Scott Walker represented everything progressive Democrats abhor, exit polls said eight in 10 voters were worried about the economy in the coming year. Pre-election polls in Gov. Pat Quinn ’s Illinois said the same thing. He lost. In truly blue Maryland, its new Republican Governor Larry Hogan built his come-from-behind campaign around the state’s stumbling economy.
Normally “economic growth” is an economist’s term of measurement. But during these six lost years, that bad data was physically felt. Barack Obama kept calling it the Great Recession. He got that right. Even the government’s statisticians felt it. Read between the lines of this paragraph in the federal government’s October employment report, on the eve of the election:
“In September, 2.2 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months.”