There’s a growing view inside the mainstream media that President Biden’s recent legislative victories and statements that MAGA Republicans are a threat to democracy and are “semi-fascists” are going to give the Democrats some midterm momentum, that they’re going to overtake the GOP by snatching victory from the jaws of defeat.

I’m not buying it, and here’s why you shouldn’t either.

First of all, the new legislation is not popular. By 36 percent to 12 percent, an Economist-YouGov poll shows that voters believe the IRA legislation will actually increase inflation. As for the student loan cancellation, a poll from another network shows, by 59 percent to 38 percent, that voters believe that too will increase inflation.

By the way, the latest inflation report for July was 8.5 percent year-on-year and the inflation tracker from the Cleveland Fed predicts an 8.2 percent CPI for both August and September.

As far as Mr. Biden’s attack on 74 million Americans who voted for President Trump in the last election, new polls show these speeches were a disaster. The Trafalgar Group polling of likely voters shows 56 percent believe it was “dangerous rhetoric.” That’s more than 20 points more than those who believe it was “acceptable campaign messaging.”

Just today, Rasmussen Reports also finds that 46 percent say the upcoming midterm election is a “referendum” on Mr. Biden’s agenda. Only 40 percent think it’s more about “individual candidates.”

These early returns on Mr. Biden’s outrageous, hateful, and divisive rhetoric, alongside huge new tax-and-spend Democratic legislation, suggest the Republican cavalry is in very good shape here 61 days before the midterms. 

Another lesson: Never believe the mainstream media. Of course voters are going to cast ballots against Mr. Biden’s authoritarian, dictatorial, big-government socialism. 

Mr. Biden took a booming economy without inflation and turned it into a high-inflation bust in a little more than a year. His war on fossil fuels has driven gasoline, oil, natural gas, and coal prices sky-high. Ditto for food prices. He can’t even get proper baby formula on store shelves.

He has spent massively, raised taxes, and launched the biggest regulatory assault on business we have ever seen. Real wages for working people have fallen steadily.

He is not only obsessed with climate change, without ever providing any alternate energy replacement, he is similarly maniacal about repealing all the successful Trump tax cuts that gave us the lowest poverty and highest family wages in 50 years. 

He wants a battery-powered economy, but won’t let people mine the resources to develop it. His allies want to end gas-powered cars, but are now telling EV owners they can’t recharge their batteries. Why? No electricity. Why? Not enough fossil fuels. 

He has weaponized the justice department and the FBI against his arch-enemy, Donald Trump. He lied about the miracle of Operation Warp Speed. He has stifled free speech, calling parents “domestic terrorists” and pressing social media to evaporate the Hunter Biden laptop story. That story, by the way, could’ve changed the 2020 election.

He lied about the Afghanistan exit being a great success. He lies about the open southern border, the millions of illegals crossing it and the scourge of fentanyl that has come with them.

Not only has his economic version of central planning been a complete failure, but he has resorted to an authoritarian, dictatorial, divisive approach that is devoid of truth.

Americans are a lot smarter than Mr. Biden thinks, though. They will reject his perverse vision of America. That is why I believe the cavalry is in good shape as we enter the final run for the roses. 

From Mr. Kudlow’s broadcast on Fox Business News.