Things do not look good for the Democrats as we approach the summer of the mid-terms. There is the curse of the party in control of the White House, (lost seats in 17 of the last 19 mid-terms), there is nothing that can be done about that. The other major factor is the perception of the economy. That is largely due to misinformation and ignorance. Economics is boring and I am one of the rare few who actually find it (at least somewhat) interesting. There is nothing I can do about that. The misinformation which forms perspective is another matter and today I want to do my bit to counter it with some straight language you don’t need an economics degree to understand.