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The Economy And The Whirlwind.
IBD Editorials ^ | September 15, 2010 | DAVID BRODER

Posted on 09/15/2010 3:52:26 PM PDT by Kaslin

The end of the primary season arrived Tuesday amid growing signs that a grass-roots rebellion among conservative Tea Party activists may jeopardize Republican prospects for large-scale, recession-fueled gains from the Democrats.

The stunning defeat of nine-term moderate Rep. Mike Castle, a former governor, by Christine O'Donnell, a previous loser with a troubled personal history who was endorsed by Sarah Palin and the Tea Party movement, in the Delaware Republican Senate primary probably dooms whatever chance the GOP had of capturing Vice President Biden's Senate seat and with it, the Senate majority.

The low-turnout upset, coming after similar shocks in Alaska, Nevada, Kentucky and other states, suggests that the shrunken GOP is paying a price for its lack of coherent policy leadership at the national level. But it still may profit in November from the anger of an electorate fixated on the economy and the widespread uncertainty bred by its slow climb back from disaster.

This is the fourth election cycle scarred by a downturn in jobs, savings and profits since Ronald Reagan came to Washington in 1981, and judging from the voter comments I've heard, the psychological damage from this one has been worse than any of its predecessors.

That is, in part, because it began under George W. Bush and has continued unabated, as far as voters can judge, under Barack Obama. Democrats may claim they have halted the downturn and begun to reverse it, but when you talk to voters — and local officials —few see reasons for confidence.

Layoffs and threats of reduced hours and lost income have decimated whole neighborhoods, and local governments have seen their revenues decline even faster than Washington's — although the federal deficits are scary enough.

(Excerpt) Read more at investors.com ...


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS:

1 posted on 09/15/2010 3:52:28 PM PDT by Kaslin
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To: Kaslin

Doomed? Balderdash!


2 posted on 09/15/2010 3:58:46 PM PDT by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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To: Kaslin

That David Broder...he just cracks me up.


3 posted on 09/15/2010 4:00:23 PM PDT by XEHRpa
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To: Kaslin

Broder couldn’t find his ass with two hands
and a flashlight!

Is he in for a surprise!


4 posted on 09/15/2010 4:01:05 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Kaslin

Broder is scared!


5 posted on 09/15/2010 4:01:05 PM PDT by rogue yam
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To: Kaslin

The low-turnout upset, coming after similar shocks in Alaska, Nevada, Kentucky and other states. ?????????????....... Low turnout??? Yeah, for the incumbents. Don’t they understand what it is that is driving the incumbents out??? THE PEOPLE ARE SICK OF THE TOTAL BULL S#!T that plays out in DC under the guise of helping the tax paying American people. Another head in the sand idiot.


6 posted on 09/15/2010 4:01:28 PM PDT by Bringbackthedraft (The candidate they smear the most is the one they fear the most.)
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To: Kaslin

so wrong, so out of touch, and yet, still employed.


7 posted on 09/15/2010 4:01:56 PM PDT by gussiefinknottle (woof!woof!woof!)
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To: Kaslin

More navel staring by Broder. Retire already.


8 posted on 09/15/2010 4:02:42 PM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: Kaslin
That is, in part, because it began under George W. Bush

No. It began under H.W. Bush, and was fueled by government regulation driving agriculture and manufacturing overseas.

The fall of the soviets produced an uptick that allowed H.W. to escape much blame for what was happening.

Clinton pushed changes to the housing industry that created an artificial construction boom that hid overall declines during his watch.

The September 11 attacks, and the chaos that caused in the economy allowed the real estate bubble to keep expanding and the focus on the war in the middle east kept the eyes of many people off of just what the situation was becoming...until Lehman Brothers fell, and the rest of the house of cards began to follow.

And so, here we are, with successions of mad Keynesians trying to tax and spend the economy to health.

Some wish to damage America, others really are that clueless.

9 posted on 09/15/2010 4:03:45 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: rogue yam

“Christine O’Donnell, a previous loser with a troubled personal history”

I guess it depends on whether you prefer a fully entrenched and experianced Thief, Or an Inexperianced person that may still be malleable enough to be persuaded to do the right thing, As your Representative.

Almost all long term Incumbents are ethically challenged.

A good reason for new blood in office.


10 posted on 09/15/2010 4:11:30 PM PDT by SwedeBoy2
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To: Kaslin

I ain’t buying ‘doomed.’ The writers of these articles are not out here on main street talking to average Americans. Even if ‘doomed’ were the short run case, ya gotta start somewhere.


11 posted on 09/15/2010 4:35:05 PM PDT by RobinOfKingston
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To: Kaslin
That is, in part, because it began under George W. Bush and has continued unabated, as far as voters can judge, under Barack Obama.

And of course, those voter nitwits have no capacity to appreciate Obama's greatness, so who are they to judge? :)

12 posted on 09/15/2010 4:44:50 PM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)
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To: Kaslin

Broder is the weak link at Investors Daily.


13 posted on 09/15/2010 4:46:57 PM PDT by demsux (Obama: THE job destroyer)
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To: gussiefinknottle
81 years old......dude give it up you're senile


14 posted on 09/15/2010 4:51:03 PM PDT by nascarnation
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To: Kaslin

Not that long ago, the pundits were saying Tea Party, what Tea Party?


15 posted on 09/15/2010 4:51:13 PM PDT by Loyal Buckeye
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