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Thursday, November 4, 2010

Midterm Election Results

It appears that most of my elections predictions came true. Republicans gained control of the House but failed to gain control of the Senate.  Barbara Boxer won in her attempt to retain her Senate seat, and Lisa Murkowski is making a decent run at retaining hers even though she lost the primary to Tea Party candidate (and Sara Palin favorite) Joe Miller. I was wrong about Harry Reid, though. I thought he would lose, but he proved me wrong.

So, what does this mean for President Obama's chances in two years? Well, it certainly isn't a death sentence considering that at the two year mark in Bill Clinton's Presidency, Democrats lost control of both the House and Senate.  It doesn't mean he's a lock for reelection either.  It will largely hinge on how quickly the economy recovers and how much it expands between now and Election Day 2012.  Some Wall Street insiders seems to think that the economy will benefit from the strong showing of Republicans in this election. If they are right, then one of the ironies of this election is that in the long run it may benefit President Obama more than it benefits the 2012 GOP nominee for President.

We will see, what we will see...

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