Former House Speaker Kevin McCarthy: Gas prices will be very important in the midterm elections

Summary

Former House Speaker Kevin McCarthy discusses the state of the Republican Party, the impact of the Iran war, and the importance of gas prices in the upcoming midterm elections. He predicts gas prices will be lower by the fall and handicaps the House and Senate races, noting internal party divisions.

• McCarthy believes the war in Iran is coming to an end and oil prices are declining.
• He expects gas prices to be much lower by the midterm elections, a key issue for voters.
• He notes internal Republican Party fighting could hurt their electoral prospects.
• McCarthy predicts Democrats have a greater chance to flip the House, but only by a modest margin of about 20 seats.
• He says the Democratic Party is more disliked and financially weak.
• McCarthy sees President Trump as politically stronger than Ronald Reagan within the GOP.
• He warns that interparty skirmishes must be resolved with a focus on ideas and policies.