Wednesday, November 3, 2010

Midterm Aftermath - What Does It All Mean?

As I was standing in line last night waiting for my turn to cast my ballot, I couldn't help but wonder what the outcome of this midterm election will mean for us going forward for the next 2 years.  But before we get into all of that, let's take a look at who won last night:

You can see all the election results HERE.  As far as the big-name elections:

Governor's Races:
New York:
Andrew Cuomo (D) defeated Paul Paladino (Tea Party) 64% to 34%.  Not even close.
Deval Patrick (D) defeated Charlie Baker (R) 49% to 42%
Jerry Brown (D) defeated Meg Whitman (R) 54% to 41%
Tom Corbett (R) defeated Dan Onorato (D) 55% to 45%
Jan I-Forgot-My-Lines Brewer (R) defeated Terry Goddard (D) 55% to 42%
Rick Snyder (R) defeated Virg Bernero (D) 58% to 40%

The Senate [49 Democrats, 46 Republicans, 3 Independents]:
Chris Coons (D) defeated Christine I-Am-Not-A-Witch O'Donnell (R) 57% to 40%
Rand Paul (Tea Party) defeated Jack Conway (D) 56% to 44%
Marco Rubio (Tea Party) defeated Charlie Christ (I) and Kendrick Meet (D) 49% to 30% to 20%, respectively
Harry Reid (D) held onto his old job and defeated Sharron "Man-up" Angle (R) 50% to 45%
Barbara Boxer (D) defeated Carly Fiorina (R) 52% to 42%
John McCain (R) defeated Rodney Glassman 59% to 35%
South Carolina: 
Jim DeMint (R) defeated Alvin How-Did-I-Get-Here Green (D) 62% to 28%

The House of Representatives [239 Republicans, 185 Democrats, 11 Independents]

The Janitor's Take:

So there you have it.  The House saw the largest sea change in recent political history, with nearly 60 seats changing hands from Democrats to Republicans.  This means that John Boener is now the new Nanci Pelosi and the Republicans undoubtedly run the House.

So how did the tea party do?  Well in terms of the big name Tea Party candidates that we knew about, Rand Paul won in Kentucky and Marco Rubio won in Florida, but Christine O'Donnell got her ass kicked in Delaware and even Harry Reid managed to squeak by Sharon Angle in Nevada.  So don't believe the hype regarding the Tea Party on some type of rampage to take over the entire country.  They won some, they lost some.

The Fed's Take:

So it doesn't look like the Tea Party is going to sweep like everyone said.  They got some wins... but more loses.

One thing I noticed.  The republicans won where the voting was concentrated in one area.  Meaning they picked up seats in the House because only specific districts were voting.  But when it was open to the WHOLE state... where the voting was more diverse, they lost.  To me, this means they won't kick in the door in national elections.  Inside their districts they rule, but when everyone can vote, the American people don't want them.

So what does this mean for the Obama White House?
Will the Tea Party bump heads with the Republicans in Congress?
Will there be an attempt to repeal Health Care?
Given that the unemployment rate will likely stay where its at for the immediate future, how long will it be before the pendulum swings back the other way?
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