Podcasts · Paul Krugman Podcast
The Midterms!
· 48 min
Episode The Midterms!
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TRANSCRIPT: Paul Krugman in Conversation with David Nir and G. Elliott Morris
(recorded 10/1/26)
Paul Krugman: Like almost everybody I know, I spend about 17 hours a day thinking about the midterms, and I’ve got G. Elliott Morris and David Nir from Strength in Numbers and The Downballot here to talk to me about: What do we know? What’s going to happen? What are the indicators? And then maybe some broader issues about what the heck we think is going on in U.S. politics. So, hi, guys. Welcome.
Elliott Morris: Hey, thanks, Paul.
David Nir: Paul, it’s a pleasure.
Krugman: So, yeah, as we record this, I guess it’s one month and two days before the midterms, and if I believe you guys, the polling and other indicators, which David will talk about, seem to be almost kind of shocking right now. Elliott, I just looked at your Fifty Plus One post, and I believe you now have 99% odds of Democrats controlling the House.
Morris: Yeah, well, it’s October, Paul. So we’re in what I consider spooky probability territory. 99% is when you start to go, “I hope these models are parameterized correctly.” Look, the way to unpack this: Our model at 50 Plus One shows a 99% chance that the Democrats will win 218 seats or more. 99% seems very large. As the forecaster, I don’t want to be wrong on the 99, but it makes sense when you look at the numbers on paper.
So, let’s take 2018 as a comparison case. That’s when Democrats won 235 seats in the House. That year, the generic ballot—which is a question that asks people how they will vote in their local congressional district, for which party they will vote—that has Democrats up somewhere between 8 and 9 points. Democrats won in 2018, leading the polls by about 8 or 9 points. They actually won the House popular vote by seven and a half points or so, if you account for some weirdness with, like, uncontested seats. So we are in a more favorable environment, if the polls are right, than 2018. And we also have a lot of other district-level indicators pointing the same way.
Krugman: But, I mean, the gerrymandering was fairly extreme before this, and if we go back to the beginning of this year, it was looking a little iffy, if I recall.
Morris: Yeah. So gerrymandering seems to have shifted maybe a handful of seats at most to the Republicans, accounting for some pretty rosy polling, for example, in South Texas and in Florida for the Democrats, where there’s been a larger shift than the national shift, which is about 10 or 11 percentage points. So if we are around eight points, our model says Democrats need to win the House popular vote by about three and a half points. So there’s room for the polls to be wrong by about five.
The average expected error for the polls at this point, 30 days before the election, is about three and a half percentage points. So we’re looking at a larger-than-average error in the polls. And then if you account for other indicators, district-level surveys, the race raters like we do, that’s how we get up to that 99. But yeah, I acknowledge this is a very, very large probability.
Nir: And Paul, just to address your point about the gerrymandering, which did heavily favor the GOP, it’s important to remember that Republicans were not doing that from a position of strength. They were doing it from a position of weakness, precisely because they knew that they were facing a very difficult midterm election. And they definitely—I can say this with certainty—definitely will not pick up, they will not flip, all of the seats that they targeted in Texas and Florida and elsewhere. And that has a lot to do with the quality of candidate recruitment on both sides.
And also, in particular in Texas and Florida as well, has a lot to do with Latino voters moving back against Trump after moving heavily for him in 2024. So, 2024 in a lot of ways was a high watermark. And so when you’re looking at how Trump performed in these districts two years ago, in a lot of cases, expect really a lot of…
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