Number one concern driving americans to the voting booth. Well get the longterm forecast from the president ofhe richmond Federal Reserve as we look ahead on sday morning futures. So how tight is the raceor natemajority . Consider this. The republicans need to w just six races on tueay and according to real clear politics polling erage, eight states e tossups right w. Jeremy moran is the United States senator from knsas where pat robes is one of those hotly contesdraces. Senator, good toave you on the program. Thk you for being here. Im glad to join you. I know all amerans are anxious for tuesy to come a results to be determined. Raur sta havef the we dont know who is inharge until january . Well, i hope we have evy result and outcome determid on tueay nht wednesday rninbuthere are a coup states in which runoffs are predicted. Only a few states moly in e south that require 50 plus percent. Two of those are georgia and louisiana and again raceshat could determe the outcome of the United States senate but my best prediction is we know more tn that come wnesday morning. I guess come weesday morning the focus will turn to if in fact we wetosee gop take control of both hoes, whatshe agenda. Give me your one or two or three ghlits that you want to se bo houses get toork on right after eseidterm electi maria, yo outlined it in ur intro which is the economy. Its jobs. Its middle america. Its every day american its the middle class. People need securi. They neeto know that their job is secure. They need to know that there are more opportues f their children. They need to know tha when their kids gradte from coege or Technical School that there is an opportunity for th i think fro and center is jobs and i would te you ive only been a United States senator for four years but in the te ive be a senor, in my view, the unitedtates senate has done nothing to help middle ass america reach that goal of financl security and a certainty that js e going to be available. All right. Senator, i wan to talk about at that really means andn the praic sense what kind of billmight you ing forth in terms of actually creating those jobs. Stay with. Welget intothat. A lot to talk aboutwithou this morning, seto moran. Fit, psident obama may be having popularity poblems during these upcomi mid terms inhis second term but recent history shows us hes not ale. Fox news senenior correspondent eric sean with that angle this morning. Good rning, everye. He has been a drag. So says baled arksas democratic senator mark pryor about president oba. A drag notust for his race but for some ofhis fellow democts as well. The political wisdom h long held tt incumbent president rty loses streets in the midterm. Tuday may not only pro that but she upndje the ama legacy. Look at th latest fox ws poll that shows right now 41 of voterspprove of the pridents Job Performance but disapprove. In the miderms four years ago, the presidenhad the same apoval ratings, fewer disapprove democrats still suffered what the presidencalled a shellacking by the tea rty republics. Hiorically going back 100 years with veryew exceptis on average the president sarty loses 30 seaea in t house. We knothat isnt going to happen. A handful in the senat i the polls are right, seems like is possle. Two years into george w. Bushs second term in 2006id terms, the republicans lost the use and thesete and t president called it a thumping. 54 . The same asresident obama has now. Also disproved of mr. Bush backhen and 3 approved. I want toay one thing to thAmerican People. I want you to listen to me. Im going to say this again. I did not have sexual relations with that woma ms. Lewinsky. Andhen theres bill. After that infous dnial in 19, s approval rng remains sk high at 67 and the republicans still lost five seats. Two yearinto president agans secd te,he democrats did take the sate and many predict tat will happen again on tuesday but revers proving once agai that the most powerfu man on earth sometimes is really no mat ait the wishes of his citizens. Maria . Great nalysis, eric. Thanyou much for that. More with senator jeymoran. Senator, how impor do you think is the president obama component this . Are people going toto vote agait their local representatives policies because they ar aft all the same as presiden obamas poci . How much of a drag will he be . You make att point, which the democrats are trying to distance themsves from president obama but the reality in states weun races in which there are moat incumbents, they voted with president ob , 98 , 99 of the time and you listen to em in their campaigns and they suggest they had nothing to do wi president obamas agenda. The reality is the wsenar reid has won the United States setet wa to apt th president s agenda duringthe time in which the democrats had the majority in the house and then thereafter torote it and one of the things wh yo asked me what would b a difference b between now and a republican majority in t future, what i would i well actually do some work as compared to the plan that senar reid has which is to do thing. No debate. No amendmts. No tes. And in my view thats an attempt to try to protectse democrat incuents. In fact, the four years ive be in the ited states senate, the senate hasot funconed the way it should. E an isso do nothg. Very few votesnd issues. Whathat is designed to do is protect democrat incuts om havingo choose between esident obamas policies and what many voters bk home obct to. And so to protec incumnt decrat senators, the few tes weve had, the vot with the president and th the las four years, we just hent done thing, which is defending the president s agenda. Those democrat senators up for elecection now shou beeld accountable for the do Nothing Senate ofharry rd. How are you going change the do n Nothing Senate though . At tnd of the day the president can veto whatever he would like. Why ould anye believe that the next two years is actuall going produce something that gets done to impact the les of American People . First tort with, you hav have a Senate Leadership with a desire to work in manynstances across the aie. Democrats are frustrating. Ericans are frustrated with the wa the senate operates. This isn opportunity to resolve issues. Take the vote. Opleomplain how partisan t united stas senate is. If we cast votes and decisions were beinma, we coul resolve me of these iues. Would say to start with u could ve a senate that would pass a budget something thatidnt happenn a long me a 12 appropriation bills that fl in the blanks. We would address spending, e. Tw we wouldgive bter direction to theobama administtiow the money can be spent and rrently all we do is pass ontinuing resolution that lets the agencies and dertments pretty much doh they want to do. This is an important point. Pass budget. Thatsumber one priory. Give ne orwo topsectors policies that y want to get done in the next two yearsnd how do you do it . Whats a practical jobs bill . A praical place t start, again, js front and center. But Energy Issues can really help our country. This has to do with what you pa when ynd the check to your Utility Company at the end of the month to pay for yo light bill. This h to do with what you pay foen you put your credit card or deb card into the tank at the gas station. Ths a big help if we could generate the opportunity to produce our own energy, our o power. Keystone pipeline isnexample of making ourselves mre energy indendent and less costly and protect our countrys security well. I would s a huge component of creating jobs in this country is developing energyourceshat thobamadministration has really through regulation, executive order and policies have taken off thele drg uphe cost foreveryday americans. You dont think the president would veto those Energy Issues . We have theopportity to send bills to theresident. Some of them he may veto but itsmportant for us to develop an agenda and as billhave come from the house, for example, most of the bills sitting on harry reids desk, 35 b that the senate has never taken up, most of them are bipartisan with republicaand demoat ppor the are lots of issues in which the United States senate could deal witsues in a birtisan way in which they are then sent to the president a the presidt can decide whether or not he vetoes th. He ao be includedn appropriation measur and the president can weigh the balance as to whher he wants t shutdown government or approve policies that are generally supported by the amerin people and by repubcans andemocrat in the United States senate. Oy. Well watching. Passing a budget focus on spenng and rallying around those issues. Well watching. Thanks for your time this morning. Thank you, maria. There a ju a handfu of races that could decide our litical fate. ll ta a look at the facts that could affect which way these races go on tuesday. Y. Hope youll follow me on twitr. Nd me a tweet right now and t us know wh you would li to hear from larry and the head of the richndederal reserve coming up. Stay with as we look ahead on sunday morning fures. receptionist gunderman grp. Gunderman. Gettg in a groove. Gr is gratifying. Goal is to grow. Gotta get greater growth. They got expert advise, special discounts, netechnologies. Like smart pick ups. Tll only show up nwh you print a label and its automatic. We save time and money. Me . Mone time and money. Awesome. Awesome awesome awesom awesome all awesome i love listics. If aundea microscope, pu we canee all the bacteria that still ests. Polidents uniqu micrclean formula works in just 3 minutes, killing 99. 99 of odor causing bacteria. For a cleaner,resher, bright dture everyday. Helps you find a whole rangeet andof coverages. Price tool one else gives you options ke. [voice echoing]no o at no one at all no one. Wake up [gasp] oh you okay, buddy . I just had a dream th progressi hadthi. The name your price tool. It isnt a dream, is it . Nope. Sorry you know that thing frea me out. Hean hear you. He didnmean that, kevin. Kevin yes, did keeping oucompetitors up at night. Now, thats progressiv wee back. Veral racac remain too close to call and er od chance that well not know who wins the Senate Majority on electionight so says my next guest whoselitical newsletter has become famous fo its faair analysis andccurate predictions over the past 12 years. Larry is the director of the senatofor politics at the university of virginiand we weome you to the program, larry. Good t see you. Thankou, maria. Nice to be re. I want to walk through some of tse hotlyontested races. Let me get your observations on some of these broadly speakg though you donthink were going to know who controls the senate on electionig. Not on Election Night because youreoing to have probably at least one runoff. Youht have another one in geora though you mhtot and alaska takes forever to count. Im increasingly confident of our nuary prediction at the crystal ball that the republicans will control the senate and think it will be by more than one seat. Lets talk about that. Take us through the Louisiana Senate race first. Th is probably the most contested one, is that right, in terms of possibilityf a runoff . Hat lllmost certainly end up in a runof the runoff is in eay demb. You donwant t jump t far away. There can be new issues but i ink senator Mary Landrieu has probably met her match. Shes going to ve grea difficulty win this year. What do you tnk i the main and mo importantssue for voters in uisiana. Its president obama. Th electi like manyidterm elections s beationalized of two term presidency as yea eric shawn td you earlier, the oppositionarty is energized against the incum president and thatshats happened here. Republicans are ing toin quite a number of red states and a couple of purple ones iowa and colorado. Lets move onto georgia where you have purdue an nun in a s close down to the re. Whats th main driver here in terms of votsand how do you see this one playing out . That one has be a surprise because Michelle Nunn and for th matter jason carter running for governor, jim carters granon, have de these ntests real races. While georgiis changing and it wont be th many election cyes before georgiis purple, its still and i would expect both repupublican for senate andovernor end up winning. Onto alka where you have the numbers are so e. How do you see alaska paying out . Once again, thats a deeply red stat now, heres an example of a democrat who has run areat campaign, mark begich has done erything right. Hes organized wl. The national moo is washing over even alaska as far aw as isnd its once again antibomb sentiment at probably will elect dan sullivan te republican minee. We wont know right away because it tak forever to do the count therin alaska. What about kansas . Weust spoith senator moran. You have pat roberts up against orman. Yeah. I think everybodys nominee for Worst Campaign of the year is senatopat robes. Been i coness for 34 yes and in ru red kansas is in a tighce with an independent whhas noeal organization the way the republicans do. Its dead even. If i hado guess, it would be that republicans wil be able to pull pat roberts across the finish le. Its incredib that ty have to excerpt s muchffort to do so. S we look at the nvigating the iowa senate race, whwhat do you think is the most important the and do they are they all togeth and unifiedn terms of the theme that each candidate on the republican side stressing i getting voters motivated. There no question again th the polls have come around to refcting the antiobama, antiobamacare, a ole st of issues. The economplays into that race as well. And letremember replica in the pas sveralycles have had candidates who haveade terrible gaffs tat costhem the election thsenar has weakedis position as a coeqnce. Let me ask youhis before you o, of coursehe day after ection dayegins the campaigning and the lk about the 2016 electn. Any early observation about what were seeing inthe face of all of thisantiobais youreright. We never get break. The 2016 race wll begin the day after this one is over. My caution to people would be do not connect the midtererm to th president ial. Its two years away. Thats four political lifetimes and people are too inclined to ink rests of one election predict theesultsof the t. Generally they dont. Very interesting. All right. Od to have you o theprogram. Well be talking tyou a lot in e ne couple of days. Thank you so m topping th agenda of courseor the next sevel years, jobs, jobs, jobs. Wi t economy coopera. Well get the longterm outlook from the president of the richmond Federal Reserve. Jeffrey lacqr is with me today as w look ahd on sunday morng futures. How cod switchgrs in argentina, chalumum productionin dubai, in south africa, and the Aerospace Industry in the u. S. . At t. Rowe price, we understand thconnections of a complex, global economy. Its just one reasver 70 of ot their 10year lipper average. Invest with confidence. Request a prospectus or summary prpectus wh investment thinfoation, rks, fees arage. Expenses tad and consider. Cafully before investing. They a a glowing emple of what it means to be the be. And at this special titime of year, they shineven brighter. Come to the wintervent and get the mercedesbenz youve always wished for, now fo[ho, ho, ho, ho] price. Lease the 20 ml350 for 579 a month at your local meesbenz dealer. My name is karen and i ve diabetic nerve pain. Itss progressive pain. My name is karen and i ve diabetic nerve pain. Rsthat feeng of numbness. Then hot pins. Mostike lightning bos, hot strikes into my feet. So my doctor prescribed lyrica. The pain has been reduced and i feel better than i did be. [ male announcer its known thatiabetes damages nerves. Lyca is fdaapproved toreat diabetic nerve pain. Lyrica is not foeryone. Mayause serious allergic reactions or suicidal thoughts or actns tell your doctorightway if you have theses neor worseningepression, unusual changes in mood behavior. Or, swelling, trouble breathing, sh, hives, bliers, muscle pain with fever, includblurry vision, tired feeling or skin sores from diabetes. Common se effects are dizziness, sleepiness, weightain and swellingof hands. Sldondrink alcoholin while taking lyrica. Dodont drive or u machinery unl yoknow how lyrica affec you. Those who have had a drug oalcohol problem may be more likely to misu [ karen havi less pain, thateans erything to me. [ its specific treatment for diabetic nerve pain. Day. Welcome back. President obama set to meet with net yellen tomorrow oneday before aricans hd to the polls for the mid terms. They a set to tlk about the loterm outlook for t u. S. Ony and the global recovery. Jeffrey lauer is with me today. Hes the pdent of the richmond Federal Reserve. Good to seeou on the program. Gat to be here. Thank you for joingus. Let kick itoff with your alysis of where we are in this economic recovery. Wenow the federal rerve announced the endf quantati eing or bd buying program last eek. How wod you characrize ings today . Given the economic challenges we faced, i thi thiseconomy has turned in an accident performance. This ithsixth year of ou recove growing a 2. 25 in an annual rate. Unploynt rate has come down from 10 to 5. 9 and inflation is low and not a problem. I think it will continue at about that pace. Were poised for growth ahead. As i said tts all conditioned on some major challenges we face. Does anything change if in fact we were to see the gop take control of the senate . Were all vigating midterm elections on tuesday do you think this is a material difference in terms of what we might erom thecy depending on who is driving the senate . At the fera reserve we avoimangpreions. I dont see consequencesorhe economone way or the other. I would likeo see gridlock broken up in washington and resolution on impoant issues we fe and soer uncertainti are resolved one way oranother, either way they go, the better for Economic Growth. Iant to get into the Regulatory Environment in a mont particularly when it comes to the Banking Sector weve se leadership on the feds part in terms of where were going anwhat we may see. Let me stay on the economyor a moment because for the longest me, not the ngest but since 2008, the federaeserve has had i place some sort of antitative easing program and the d said t