Hello everybody and thank you for tuning in to the weekly report, a tale of two midterms.

Those searching for an explanation of why there was no red wave giving Republicans huge

gains in Congress in this year's midterm elections should compare this year's election with

the midterm election of 2010.

In 2010, Republicans gained a net 63 house seats.

While Republicans then did not gain control of the US Senate, they did gain six Senate seats.

These Republican victories in 2010 were propelled by the Tea Party and the Liberty Movement.

These movements became prominent during the waning days of the Bush administration.

The Liberty Movement was advanced by grassroots supporters of my 2008 presidential campaign.

The Liberty Movement focus was and is on restoring constitutional government in all areas, ending

our interventionist foreign policy and changing our monetary policy by auditing and ending

the Federal Reserve and legalizing alternative currencies.

On the Tea Party largely focused on opposition to the 2008 bank bailout.

There was overlap between the Liberty Movement and the Tea Party as many members of both

groups fought for auditing and ending the Fed, ending bailouts and preventing Congress

from passing Obamacare.

Many Republican candidates in 2010 appealed to Tea Party voters by not just promising

to repair Obamacare.

They also promised to work to restore limited constitutional, fiscally responsible government

in all areas.

In contrast, in 2022, the average Republican candidate offered little in the way of a

substantive agenda.

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