Goolsbee: Lower Jobless Numbers Probably Won’t Improve Democrats’ Midterm Outcome

"Do people vote their actual pocketbook or what they’re reading in the media? And I think most of our experience now suggests it’s mostly what they read in the media. So, the end of Bush -- the dad’s term -- we now know the year 1992 was actually recovery. It wasn’t recession, but for sure the election of 1992 was all about the recession. So I think that’s one. And then on the election, it does feel like it’s going to be a relatively strong year for Republicans but I think at least some of that is because the turnout is so much lower. It’s such a different electorate."