In an interview with CNBC, Anthony Scaramucci, former White House communications director, expressed his belief that President Trump will be 'trounced' in the midterm elections, citing a cultural and economic struggle in the U.S. He pointed out that Trump's economic approval rating recently hit an all-time low, with 65% of respondents disapproving of his economic management.
Scaramucci emphasized that voters are dissatisfied with Trump's unfulfilled promises regarding affordability and transparency. He also noted that prediction markets currently suggest a 75% chance of Democrats gaining control of the Senate.
Additionally, Scaramucci expressed skepticism about a diplomatic resolution regarding Iran, indicating that ongoing military actions could negatively impact the stock market. He warned of potential investigations into the Trump administration if the Democrats win, and he foresees a 'civil war' within the Republican Party as it grapples with its identity post-Trump.
Scaramucci believes that elements of the MAGA movement will persist in future Republican candidates, influenced by Trump's significant financial backing