Bigger than 1994? Why not?

In reality, barring some major and dramatic turnaround in the political landscape, the 50 seat GOP wave has now in many ways moved closer to the floor for Democratic losses. With the economy continuing to flounder and with fewer than 60 days until Election Day, the potential for a once-in-a-century type of wave that would lead to GOP gains in the 60-90 seat range is increasing.

The latest Gallup generic ballot tracking finds that, among registered voters, Republicans are leading by ten points, 51 percent to 41 percent. Three of the four highest leads for the GOP since Gallup began tracking the generic ballot in 1942 have been measured in the past month alone (and Republicans won the House seven times during those intervening years, with as many as 246 seats which would be a 68 seat pickup today)…

As a result, if the GOP were to win the national vote by ten points this year – again, roughly what the RCP Average suggests when transformed into a likely voter model – that would represent over a ten point gain for the GOP over the course of a single election. A gain in the popular vote of that magnitude in a single cycle hasn’t occurred since 1932, when Democrats jumped from 45.9 percent of the popular vote to 56.2 percent of the popular vote, netting 97 seats in the process.