Democrats are belting out hosannas for the Inflation Reduction Act. President Biden says it’ll “immediately help” his party’s candidates for the midterms this fall, while Senate Majority Leader Chuck Schumer calls it “a game-changer.” The New York Timesdeclared that this “sweeping legislation” gives Democrats “an unfamiliar feeling: hope.”

Maybe this bill will let Democrats escape what was shaping up to be a midterm whooping. But I’m skeptical.