A tale of two economies: How America's cost-of-living crisis is shaping US midterm elections
Summary
High food and energy costs are a major concern for U.S. voters ahead of the November midterm elections. Economist Greg Ip says Congress has limited ability to address some causes, while strong economic growth has not translated into income gains for many households; opposition to AI data centers also reflects broader concerns about artificial intelligence.Key Facts
- The article says the economy is the top issue for most American voters.
- Voters are concerned about high food and energy costs.
- Greg Ip says control of Congress would not let lawmakers stop the war in Iran, which he describes as a matter for the president.
- Ip says changing control of Congress would not by itself affect tariffs, which he identifies as one source of inflation.
- Ip says much of recent GDP growth has benefited companies and wealthier households with stocks tied to the AI boom.
- The article says median household incomes have not kept pace with the strong GDP figures.
- FRANCE 24 correspondents report backlash against AI data centers in Republican strongholds, including Texas.
- Ip says opposition to data centers can serve as a focus for broader anxiety about AI.
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