John Sides calculates that the GOP’s House majority could grow significantly larger:
[B]ased on the current model and current conditions, there is a real chance that the 2014 election could give the GOP as many or more seats as it had after the wave election of 2010. There is less of a chance, though still a chance, that the GOP could command a majority as large as its post-WWII high-water mark. But, as of now, 2014 appears unlikely to give the GOP the unprecedented majorities it had after 1928 (or after 1920 for that matter, when it controlled 302 seats).
Sean Trende, meanwhile, wonders about the Democrats picking up Senate seats:
Don’t get me wrong: For Democrats to gain seats this cycle would be the equivalent of drawing a straight flush. With that said, straight flushes do occur, so it’s worth examining how it might occur here.
The first thing that would have to happen is that the playing field would have to improve for Democrats. Of the 11 Democratic seats that RCP currently rates as leans Democratic or worse, Democrats are probably at least slightly favored in Michigan, Iowa, New Hampshire, and perhaps Colorado. If the political dynamic were to shift toward the party, these seats would probably be out of the GOP’s reach on Election Day.
The way this could occur is fairly straightforward: The Affordable Care Act improves; there’s no massive rate shock for premiums in September or October; and the economy slowly gains ground. This should propel President Obama’s job approval upward, lifting the collective Democratic boat.
Now we don’t see this occurring just yet.