Operatives aligned with Mary Peltola, the Democratic nominee for Senate, spent months recruiting candidates to peel votes from Senator Dan Sullivan, the Republican.
A sample ballot showing candidates for next week’s U.S. Senate race in Alaska lists two Dan Sullivans (highlight added here to both), along with Mary Peltola, the Democrat, and a fourth candidate named Gerald Heikes.
The House looks pretty likely to go Democrat, but the Senate appears to be more in play. Basically, Democrats need to pick up four seats to get control of it; seven races are considered toss-ups by Cook Political Report as of right now, just a few days before Election Day, but Democrats have leads (within the margin of error) in all of them, despite heavy Republican spending in most.
"If Democrats win all seven races, along with the ones in which they are favored, they would secure their largest Senatemajority since the Obama administration," notesThe Washington Post. "If Republicans win all seven races, they would maintain their current 53-47 majority in the Senate, picking up a Democratic-held seat in Michigan to offset a loss in North Carolina."
The math is less daunting for Democrats than it was at the start of the cycle. They need three of the six Republican-held toss-ups to reach 51, assuming they also hold Michigan, the only Democratic seat on the list. Michigan looks like the GOP's best shot at going on offense, since Mike Rogers cleared the Republican field without a primary while Democrats slugged it out all through August.
Meanwhile, the rest of the map looks like a list of Republican problems rather than Democratic strengths; make of that what you will. Maine is the only Republican seat up this year in a state Trump lost in 2024; Ohio features Sherrod Brown, who lost his seat by just four points in 2024 while Trump carried the state by 11; and Alaska has Mary Peltola, who in 2022 became the first Democrat to represent the state in the House in half a century. Each of these races is close for its own reasons, but the reasons happen to cut one way this year.
Not included in the list of toss-ups—Alaska, Kansas, Maine, Iowa, Michigan, Texas, and Ohio—are Georgia, where Democrat Sen. Jon Ossoff looks likely to win, and New Hampshire, an open seat that anyone could technically take but that looks likely to go Democrat. Toss-up is merely a description of how close races look right now; earlier in the cycle, Georgia and New Hampshire were considered toss-ups, but Democrats are now favored to win. These things aren't static, of course, and different forecasters think about each race differently. Some of the toss-up races are primarily due to one party—frequently Republicans—running really terrible candidates (such as Ken Paxton in Texas, whose prospects we discussed on this week's Reason Roundtable). Other races have their own specific quirks, like in Kansas, where a Democratic Methodist pastor who is broadly liked (with no voting record to ding) is running against a Republican incumbent, who is facing headwinds related to high diesel prices that have raised the cost of running farm equipment and shipping goods, along with beef import tariffs that have pissed off farmers.
It's always possible pollsters are wrong. But most pollsters surveyed by The New York Times—including Nate Silver and Patrick Ruffini, both former guests on my show, Just Asking Questions—seem to believe Democrats will win both the House and Senate.
Scenes from New York: "After a woman said she was raped at knife point in Central Park over the weekend, the police said on Monday that they had stepped up patrols of the park as they searched for an assailant," reportsThe New York Times. "The 39-year-old woman told the police that she was jogging on the east side of the park near East 66th Street shortly before 8:30 p.m. on Saturday when a man dressed in black approached her brandishing a knife. He dragged her into a wooded area, raped her and ran off, the police said." This is the latest in a string of crimes in the area, including the murder of a 63-year-old homeless woman who slept in the park, and a 32-year-old woman who was robbed while riding a bike.
QUICK HITS
"Flávio Bolsonaro fled Brazil for the US hours after losing the presidential election and being ordered to surrender his passports, Folha de S.Paulo reported citing allies of the conservative senator," reportsBloomberg.
"Fox News is suffering a catastrophic drop in viewership, which has plunged to historic lows just before the midterm elections, according to new data. Preliminary Nielsen ratings obtained by Status ahead of their official release show that the Trump-friendly juggernaut is on track to post its lowest-rated month in total day viewers since December 2023, averaging just 1.1 million total viewers throughout October 2026," reportsThe Daily Beast. "Among the key 25-54 demographic coveted by advertisers, the outlet is headed for its lowest-rated month in a quarter-century, averaging a paltry 98,000 viewers. The collapse represents a brutal 27 percent drop in total viewers and a 32 percent dive in the 25-54 demographic compared to last October."
Subprime mortgages for people with bad credit! How could this go wrong?
.@PhillyMayor Cherelle Parker tells @EmilyRPeck that the city hopes to launch its historic mortgage program "before the end of 2026."
"Imagine getting a mortgage, a 30-year commitment, with no PMI," Parker said, and accessible "with less-than-perfect credit." #AxiosLivepic.twitter.com/DDDYMWBMAL
In the country with arguably the most successful market economy on Earth, it's not unreasonable to ask for just one major political party to favor a system of relatively unfettered voluntary exchange. And yet, the midterm elections offer Americans a "choice" between a party openly embracing socialism by name, and one that increasingly embraces state-directed economic activity in the cause of nationalism. Not every candidate running as a Democrat or Republican is on board with their parties' statist transformations, and there are certainly other issues separating the two dominant political tribes. But if you want reliable advocacy of economic freedom, you won't find it in the two major parties.
Open Socialism vs. Nationalist Economic Control
The shift in the Democratic Party's policy preferences from a heavily regulated market economy to outright government control has been well-documented, but it's worth noting Eric Bradner August report at CNN about "a growing list of victories by democratic socialists who are a prominent part of the Democratic Party's left-wing insurgency."
Before his election as mayor of New York City, Zohran Mamdani called for "seizing the means of production," as has congressional candidate Darializa Avila Chevalier. The Democratic Socialists of America (DSA), which backs many of the new breed of officeholders and candidates and organized their insurgency, boasts of its solidarity with the totalitarian regimes in Cuba and Venezuela. Just a year ago, it sent "a delegation of 40 DSA elected leaders and rank-and-file members" to Havana to learn "about the achievements and challenges of Cuban socialism."
At 65 percent support for socialism in Gallup polling, more Democrats favor a state-controlled economy than back capitalism (35 percent)—though the odd tie in favorability with free enterprise (also 65 percent, but declining) suggests the schools aren't doing a great job of explaining ideas.
Republicans nominally hold very different economic preferences, with only 14 percent favoring socialism, while 86 percent support free enterprise and 75 percent have positive views of capitalism. But when asked by CNBC's All-America Economic Survey whether government should have control of private businesses, "66% of Democrats found it not appropriate for the U.S. to take equity stakes in American companies, while only 34% of Republicans agreed."
That's likely because under the Republican Trump administration, the federal government has been grabbing a piece of the action from tech and resource firms—40 companies, at the current count—and party stalwarts are happy to go along so long as the S word isn't used to describe the arrangement. Instead, it's cloaked as top-down encouragement of domestic jobs and manufacturing.
Two Parties With a Similar Taste for Government Economic Intervention
"American political leaders on the left and right are rebelling against the market-first consensus that dominated Washington for four decades," concludedAxios's Courtenay Brown and Neil Irwin in July. "It's evident in everything from the Trump administration taking government stakes in dozens of private companies to socialist candidates winning Democratic primaries promising a more active government role in the economy."
A glimpse of a socialist future can be found not only in the rising tide of explicitly socialist Democrats, but in GOP heir apparent and Vice President J.D. Vance's repeated denunciation of free-market economic thinking and its emphasis on private choice.
"Do we serve pure, unfettered commercial freedom?" he asked in First Things in 2019. "Or do we serve something higher? And are we willing to use political power to actually accomplish those things?"
In a June interview with The Daily Wire's Michael Knowles, Vance returned to the topic to criticize the market-oriented ideas of economist Milton Friedman and called for a state-directed and Christian-infused "American developmentalist" approach to escape what he called "a hyper globalized economy."
"The policies supported by both major political parties suggest a growing embrace of state ownership of the economy," warns economist Daniel J. Smith for the American Institute for Economic Research. "The range of policies widely accepted as legitimate options, referred to as the 'Overton Window,' has shifted toward greater government direction of the economy, with some conservative politicians and voters now treating partial state ownership as an acceptable function of government."
Smith pointed out that the economist F.A. Hayek had observed this phenomenon among authoritarians of the right and left in the 1930s. It was why he dedicated his book, The Road to Serfdom, "to the socialists of all parties."
Rejecting Free Markets Means Losing Liberty and Prosperity
Why this is important is illustrated by Smith's recent research into the correlation, or lack thereof, between socialism and political liberty: "The record, from 1789 forward, is not ambiguous. High degrees of political freedom and heavy state ownership of the economy have not been sustained together."
Smith's observation is supported by the prominent socialist writer Robert Heilbroner's admission in his 1986 book, The Nature and Logic of Capitalism, that "political freedom in modern times…has only appeared in capitalist states." He added, "democratic liberties have not yet appeared, except fleetingly, in any nation that has declared itself to be fundamentally anticapitalist."
Also important, as the Fraser Institute's recently published Economic Freedom of the World: 2026 report points out, "economic freedom tends to be associated with better outcomes." Specifically, the report indicates strong correlations between free-market economies and higher GDP per capita, higher level of income for the bottom 10 percent of earners, lower poverty, higher life expectancy, and lower infant mortality. As with the sources cited above, the report found that "personal freedoms such as freedom of speech, association, and religion are highly correlated with economic freedoms."
So, the benefits of having a major political party that believes in and supports free markets with minimal government intrusion are found not just in expanded political choice, but also in policies that promote freedom, prosperity, and human well-being. Unfortunately, both the Democratic Party and Republican Party are retreating from economic liberty and embracing state control over how we produce, work, own, buy, and sell. Democrats' explicit embrace of socialism, and Republicans' dismissal of free markets in favor of state management and ownership, promise a future of less freedom and reduced wealth.
Maybe Americans would vote against socialism—both the open kind and the implicit nationalist variety—if given the choice. But it's increasingly difficult to find a free-market option on the ballot.
Senator Darline Graham, the South Carolina Republican, is struggling to replicate her late brother’s success. Republicans lead in the Florida Senate race and Democrats are up in Minnesota.
It was a showdown of sorts in western Texas as James Talarico and Ken Paxton appeared at dueling rallies on either side of a prairie-dog-filled city park.
On Tuesday’s broadcast of “CNN News Central,” Rep. Henry Cuellar (D-TX) stated that “a lot of times, the Democratic Party, it goes too far left” and “once we win the majority, we need to go back there, and we need
Police officers were called to a youth soccer game in Florida, not because one of the players was too good, but because of his parents' alleged disruptive behavior on Saturday.
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