President Joe Biden had a very good week the previous week, and he followed that up with another good week this week as well. A bill which is going to become one of the signature pieces of his presidential legacy passed the House last Friday, and on Tuesday Biden signed the Inflation Reduction Act into law. Perhaps we should call it "Biden's Obamacare," because it really is just as impressive a piece of legislation.

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As we head into the dog days of August, Democrats have finally gotten some good news to spread, out on the campaign trail. Legislatively, things are definitely looking up, after Joe Manchin and Kyrsten Sinema finally relented and allowed major portions of President Joe Biden's agenda to head to his desk. But it wasn't just the reconciliation bill, there has been a flurry of bills passing, from allowing Sweden and Finland into NATO to helping America's veterans who were exposed to toxic burn pits during their service. Democrats in Congress are showing that they can indeed get things done, with or without the help of the obstructionist Republicans. But the good news doesn't end there, because the economic picture is getting better as well.

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The day many of us thought would never happen is here. Senators Joe Manchin and Kyrsten Sinema finally allowed President Joe Biden and the entire rest of the Democratic Party to actually get some good things done. A budget reconciliation bill has -- almost miraculously and at the last possible second -- passed the United States Senate. The House is on vacation, but they're being forced to come back to Washington anyway for a vote this Friday on the Inflation Reduction Act. It should be on Biden's desk in time for a triumphant signing ceremony by the weekend. Victory is at hand.

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There were two major events in politics this week which will have a profound effect on the upcoming midterm campaigns. The first was the stunning victory in the Kansas primary of the anti-forced-birth position on an abortion referendum -- which passed with a jaw-dropping 59-41 percent margin in a very red state. The second was Senate Democrats finally achieving unity by all agreeing to the "Inflation Reduction Act" budget reconciliation bill. Majority Leader Chuck Schumer has refused to let the Senate begin their month-long August vacation and is planning the first vote on the bill tomorrow, with all the other arcane floor events to follow, so the final passage could come early next week.

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How Americans feel about "the economy" often depends on what the biggest problems or fears they have at any particular moment. Right now, by many indicators, the economy is doing great -- record numbers of people are working, record numbers of jobs are available, employers are hiring people in droves, unemployment is within 0.2 percent of the record low, wages are going up, most of the supply chain problems have been worked out, and COVID has faded into the background of daily life for most people. That's all good news, obviously, but that's not how most consumers see the economy these days. What is on the top of people's minds is inflation, and nothing exemplifies inflation more than the price of gas.

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We were reminded of the whole Wonderful Wizard of Oz metaphor early this week, when we saw Mehmet "Dr." Oz at a last-minute Pennsylvania campaign rally, holding up his smartphone to the crowd, as the disembodied voice of the great MAGA Dear Leader bellowed forth bombast and nonsense to the crowd. All it needed was some smoke and fireballs at the sides of the stage, really. It seemed to us (but then we do have a rather warped sense of humor...) that Oz was begging the crowd to please pay lots of attention to the man behind the curtain.

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Of all the different types of cycle that exist in politics, the one of overreach and backlash is one of the most interesting. We may be about to see one of these cycles happen in very accelerated fashion (since it usually takes years or even a few subsequent elections to fully materialize), although since we're at the beginning of the cycle it is impossible to now know how it will all play out.

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As we write this, everyone inside the Beltway is getting ready for the upcoming White House Correspondents' Dinner, which President Joe Biden has said he will be attending (after a hiatus of presidents attending due to COVID and, earlier, due to Donald Trump having incredibly thin skin). But, as usual, our invitation seems to have been lost in the mail or something. Ahem.

We are excited with a sort of "something good is about to happen" feeling, however, because the House Select January 6th Committee has finally announced a preliminary schedule for public hearings. Here's the story (as it stands so far):

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As distasteful as it may be, it seems like a good time to consider what divided government next year would look like, and what might happen in such a scenario. Of course, nobody knows what the outcome of the midterm congressional election will be, and as Ukraine should have taught us, sometimes crises pop up that aren't a part of the American political cycle at all. So we have no idea right now what the most important issue facing the voters will be in November. It could very well be something that isn't even on anyone's radar at the current moment. But just for the sake of argument, let's assume that Republicans win control back of both the House and the Senate. This would give President Joe Biden a hostile Congress for the remaining two years of his first term.

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It wasn't the biggest or most important political news of the week, we admit, but the one story that definitely caught our attention was the earthquake which reverberated outward from the Democratic National Committee. This Wednesday, the D.N.C.'s Rules and Bylaws Committee voted to upset the early-primary applecart to allow for the possibility of a complete shakeup of the roster of early-voting states (currently: Iowa, New Hampshire, Nevada, South Carolina). For the 2024 presidential race, all the states have now been encouraged to apply for a spot on the early calendar -- with no guarantees for the four states that have previously enjoyed the privilege of going first.

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