Thursday, November 4, 2010

November 4

Dead Democrat Wins in California

No, I’m not talking about Jerry Brown, but Jenny Oropeza. I have two comments about this story. First, how would you like to be Stammreich who lost to a dead candidate . Second, in the story JENNY OROPEZA DIED ON OCTOBER 20TH. They said they left her on the ballot because her death was within 10 days of the election. It was actually 13 days to the election.

With 100 percent of the precincts reporting, deceased candidate, Democrat Jenny Oropeza, defeated Republican John Stammreich in the race for State Senate in the 28th district.


OROPEZA, 53, DIED ON OCT. 20. BECAUSE HER DEATH WAS WITHIN 10 DAYS OF THE ELECTION, HER NAME REMAINED ON THE BALLOT.


The governor now has two weeks to declare her seat empty, and schedule a special election within three to four months. This allows Democrats a chance to find a new candidate to run for Oropeza's seat.
http://www.nbclosangeles.com/news/local-beat/Democrats-Still-Push-for-Win-in-28th-District-State-Senate-Race--106579728.html



Etheridge loses in North Carolina



If the name sounds familiar but you can’t quite remember who he is, Bob Etheridge gained some fame on Utube grabbing a young man’s neck, asking him “who are you?” The story also reports the first Republican takeover of the state houses since the 19th Century.

RALEIGH, N.C., Nov. 3 (UPI) -- Republican Renee Ellmers, a Tea Party candidate, claimed victory in North Carolina's 2nd district Tuesday over seven-term incumbent Rep. Bob Etheridge.

Republican U.S. Sen. Richard Burr won a second term, The Charlotte Observer reported. He defeated his Democratic challenger, Secretary of State Elaine Marshall, with 55 percent of the vote to her 43 percent.

Republicans also did well on the state level. The party won both houses of the legislature for the first time since the 19th century, The Raleigh News and Observer said.

ETHERIDGE, WITH 48.5 PERCENT OF THE VOTE TO 49.6 PERCENT FOR ELMERS IN UNOFFICIAL RESULTS, SAID HE WOULD NOT CONCEDE UNTIL HE IS SURE "EVERY VOTE IS COUNTED AND EVERY VOICE HEARD," McClatchy Newspapers reported. Two years ago, Etheridge won the district 2-1.
http://www.upi.com/Top_News/US/2010/11/03/Tea-Partier-ousts-Democrat-from-NC-seat/UPI-47631288773861/

Republicans Make History

With all eyes on the newly flipped House and barely Democratic Senate, Republicans made perhaps their most impressive gains in the state capitals by taking back at least nine governorships. Victories came in such 2012 presidential battleground states as Michigan, Pennsylvania and Ohio as well as Kansas, Oklahoma and Wyoming, giving them an edge in congressional redistricting that will last a decade.

Oh yes, and in the process, THE GOP SMASHED THREE GLASS CEILINGS BY ELECTING NIKKI HALEY IN SOUTH CAROLINA, SUSANA MARTINEZ IN NEW MEXICO, AND MARY FALLIN IN OKLAHOMA, and added another dash of diversity with Latino Brian Sandoval's Nevada win.

With a record 37 states in play, the current partisan lineup -- 26 Democrats, 23 Republicans and one latter-day independent (Florida's Charlie Crist left the party for a losing Senate run) -- could end up being closer to 19 Democrats, 30 Republicans and 1 independent (Rhode Island's Lincoln Chafee who left the party to run) when the cliffhanger races are decided. Well before polls opened on Tuesday, Mississippi Gov. Haley Barbour, who heads the Republican Governors Association, called the anticipated results a "repudiation" of President Obama, not voter infatuation with Barbour's party.


http://www.politicsdaily.com/2010/11/02/2010-governor-elections-news-and-results/?icid=main%7Chtmlws-main-n%7Cdl2%7Csec1_lnk3%7C182020



More details on the States



That, in and of itself, is significant. But that’s not the half of it. The real story is the underreported story of the night — the Republican pickups at the state level.

THERE WILL BE 18 STATES SUBJECT TO REAPPORTIONMENT. The Republicans will control a majority of those — AT LEAST TEN AND MAYBE A DOZEN OR MORE. More significantly, A MINIMUM OF SEVENTEEN STATE LEGISLATIVE HOUSES HAVE FLIPPED TO THE REPUBLICAN Party.

The North Carolina Legislature is Republican for the first time since 1870. Yes, that is Eighteen Seventy.

The Alabama Legislature is Republican for the first time since 1876.

For those saying this is nothing because it is the South, consider these:

The entire Wisconsin and New Hampshire legislatures have flipped to the GOP by wide margins.

The State Houses in Indiana, Pennsylvania, Michigan, Ohio, Iowa, Montana, and Colorado flipped to the GOP.

The Maine and Minnesota Senates flipped to the GOP.

The Texas and Tennessee Houses went from virtually tied to massive Republican gains. The gains in Texas were so big that the Republicans no longer need the Democrats to get state constitutional amendments out of the state legislature.


http://www.redstate.com/erick/2010/11/03/the-tsunami/?utm_source=twitterfeed&utm_medium=twitter




Exit Polls: Unprecedented White Flight from Democrats


DEMOCRATS PERFORMED WORSE WITH WHITES ON TUESDAY THAN IN ANY OTHER CONGRESSIONAL ELECTION SINCE THE SECOND WORLD WAR.

Democratic problems with whites stretch back nearly a half-century. Political white flight changed course with the implosion of George W. Bush's presidency, the Republican Party and the economy in September 2008.

It's now as if the chasm between whites and Democrats never narrowed. Democrats' bad old days are back.

REPUBLICANS WON WHITES IN TUESDAY'S NATIONAL HOUSE VOTE BY A 22-PERCENTAGE POINT MARGIN (60 TO 38 PERCENT) ACCORDING TO EXIT POLLS. In 2006, Republicans won whites by a mere 4 points. Whites shifted at three-fold the rate of Hispanics between the two midterms, while the black vote remained steady. Democrats faired even worse than in 1994, when Republicans won whites by 16 points (58 to 42 percent) and with them, a landslide.

Now comes a House landslide unseen since 1938. Presidents are the ghost candidates of midterms. In fact, MORE VOTERS SAID OBAMA WAS A FACTOR IN THEIR VOTE THAN SAID BUSH WAS A FACTOR FOUR YEARS AGO.

http://www.realclearpolitics.com/articles/2010/11/03/exit_polls_unprecedented_white_flight_from_democrats__107824.html

That last line should strike fear in most Democrats hearts.



It's Official: The Government Isn't Getting Its Money Back Out of GM


Well, they've priced the GM IPO, and it looks like they've valued the firm at just about what we lent it: $50 billion. Since the government only took a 60% stake, that's well below what would be needed for the government to recover its investment. Even with the billions they've already "paid back"--by not using all the money--Uncle Sam needed the company to be worth more like $70 billion to break even on the bailout.

IPOs are usually priced at a discount, in order to ensure that a lot of buyers are interested; this creates a robust, liquid aftermarket in the stock, so that if the company needs to go raise more capital, there will be lots of buyers and sellers. But even if you think that the price will go up in the aftermarket, the government is going to take a hefty 30% loss on the $10 billion worth of shares that will be sold in the initial public offering.


http://www.theatlantic.com/business/archive/2010/11/its-official-the-government-isnt-getting-its-money-back-out-of-gm/65591/

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