Tuesday, November 07, 2006

Race at a glance

Dems win the House. The Senate hangs in the balance. All eyes on Virginia.

The Washington Post has withdrawn projections of a Ben Cardin win. The Dems have picked up NH 1, according to Real Clear Politics, leaving 5 seats to go until House majority. Steele refuses to concede. Yep, it's going to be a long night.

Webb wins by 2,200 in Virginia. There may be a recount. But who knows?

6 Comments:

Blogger sam said...

Dow Jones industrial average futures were down 17 points and Nasdaq 100 futures were down 3.75 points.

Opinion polls have shown Democrats could recapture control of the House of Representatives from Republicans for the first time in more than a decade.


US Stock Futures

11/07/2006 07:26:00 PM  
Blogger SDAI-Tech1 said...

A few years with Democrat politicians in the spotlight can be a good thing before we reach 2008.

To tell you the truth, I'm hoping a shake-up forces the GOP to find the willpower to do something about illegal immigration, tax reform.

The question is now, will the Democratic sponsors overplay their hand and reveal their true agendas?

11/07/2006 07:30:00 PM  
Blogger Woman Catholic said...

Dow Jones industrial average futures were down 17 points and Nasdaq 100 futures were down 3.75 points.

The myth of the Bull Elephant. Under Bush, the Stock Market has risen an average of 1.5% a year. Whoop de doo.

11/07/2006 07:53:00 PM  
Blogger Eggplant said...

SDAI-Tech1 said...

"A few years with Democrat politicians in the spotlight can be a good thing before we reach 2008."

I don't think so. The problem is that there will probably be a bad recession in 2007. This recession will be due to normal business cycles, the credit and real estate bubbles, balance of trade, over spun stock market, etc. In mindless reflex, the American voter almost always dumps the party in power after the economy goes flat. That means the Democrats will be able to elect anyone president in 2008 and also control both houses of Congress.

The now lost opportunity for the 2006 election was to force the Democratic party to reform itself into a "loyal opposition", i.e. jettison its moonbats. A reformed Democratic party could then take over the government in 2008. Unfortunately the Nancy Pelosi victory of 2006 will be incorrectly perceived as an endorsement of moonbat ideology rather than the American people simply being tired of the Republicans and deceived (again) by the MSM.

SDAI-Tech1 also said:

"To tell you the truth, I'm hoping a shake-up forces the GOP to find the willpower to do something about illegal immigration, tax reform."

I see these as secondary issues. Our number one problem will be national security due to terrorist attacks by islamic fascists. This will occur after America goes back to sleep as we were prior to 9/11. Unfortunately, within 6 years, we will probably grant the enemy a free shot. This will be an opportunity that the islamic fascists will exploit with the most powerful military technology that they can access (presumably with Pakistani, North Korean or ex-Soviet nukes).

Another issue that is almost as bad as the national security one, is the demographic problem (aging baby boomers) connected with Medicare, Social Security, etc. This other issue has the potential for bankrupting the United States. Liberal Democrats as watered down socialists are even less capable at dealing with the demographic issue. It might require a constitutional convention forcing a balanced budget amendment to fix that one. Of course, if the islamic fascists nuke Washington or New York then the demographic issue becomes moot.

Lastly SDAI-Tech1 said:

"The question is now, will the Democratic sponsors overplay their hand and reveal their true agendas?"

The question restated is: "Can the Democrats control their moonbats?" The Democrats had their nose blooded by the Joe Lieberman thing. Recently, John Kerry for the umpteenth time showed how moonbats like to stick their feet in their mouths. Will the inner circle of the Democratic party recognize that these people are extreme liabilities. Seems unlikely if Howard Dean remains party leader and Pelosi is Speaker of the House.

Unfortunately we've now passed the historical branch point and are proceeding down the wrong fork. It could have been relatively painless but now it won't be (a bit like when John Fremont lost to James Buchanan in 1856 thus guaranteeing an extremely violent civil war). Historical branch points often don't receive the attention that they deserve. For example imagine how America's history could have been if Roosevelt had not replaced Henry Wallace with Harry S. Truman or if the Germans during WW-I had not granted free passage to Vladimir Lenin from Switzerland to Russia. Anyway, our lives will soon become more "interesting".

11/07/2006 09:53:00 PM  
Blogger wretchard said...

eggplant,

The Israeli experience probbly provides a good comparison. Faced with the difficulty of a security threat they retreated, some would say, into pacifist fantasy. But the enemy eventually brought parts of Israel under threat and the response, when it came, was still half-hearted. Olmert temporized and another war in Lebanon is expected presently.

This is probably what will happen to America. There is now a much smaller chance that the terrorist problem can be resolved at a low level of conflict. There is a great likelihood that it will be allowed by neglect or paralysis to metastize into a canker which will develop into a catastrophic confrontation in five or ten years time. A likelihood, but not a certainty.

The comparison with Israel fails in that the US is the world's security Central Banker. The sheriff of last resort. Other countries could wobble as long as the Central Banker stood firm. Now the Central Banker itself is wobbling. The UK, Europe, etc could count on America to be the security underwriter of last resourt. But who will come to America's rescue if America will not come to it's own?

If America is lucky then a national security consensus can be rebuilt before the catastrophe. But America's lucky streak has just come to an end. One philosophical way to look at it is that September 11 simply wasn't enough to fatally damage the appeasers. That plus the missteps of the Republicans. There are some who argue that the Democratic party itself will start to show strains when it tries to govern, because of tensions between its left and right wings. But if it hasn't happened yet, why should it happen now? No. Washington is too insular. It will take external shocks: sad, hearbreaking ones to wake it up. I don't know where it will come from but I'm sure the enemy is thinking to provide it.

At any rate, it's a new political game. With North Korea, Iran, Iraq on the burner and Nancy Pelosi running the House there will be enormous stresses and it may be a challenge to simply hold against the threat. The time of easy security is past. Now the world must fight for its life.

11/07/2006 10:16:00 PM  
Blogger Tim P said...

Despite my depression at the election results and Eggplant's trenchant analysis, I can only hope that the democrats regain, along with congressional leadership, some semblance of responsibility. Though I doubt it. I think that this election will be a shot in the arm for moon-battery and partisan extremism. I only hope that the republicans don't rise to that bait too. The times are too serious.

The saddest thing was that this loss could have been avoided had the republicans stuck to their positions on fiscal responsibility and policed their own crooks.

Internationally, I so hope Eggplant's predictions are wrong, though I share them.

11/08/2006 07:09:00 AM  

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