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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 453.97-0.1%Feb 4 4:00 PM EST
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To: TobagoJack who wrote (60202)1/21/2010 12:04:36 AM
From: energyplay  Read Replies (3) of 220043
 
In 2008 the Democrats received about 60% of their funds from the financial sector - (FIRE Finance, Insurance, Real Estate)
The D outspent Rs by about 2:1 in 2008.

With the proposed banking taxes, the Wall Street part may cut their donations by 75%.

If the Repubs come out against the taxes to some degree, they might be able to get a slice - maybe almost a third - of those donations. Larry Kudlow was pushing the anti-tax side very hard on his show today. It may take a week or two for the Repub strategists to decide what to do.

This would mean a big swing in the money available.

Also, some of the Blue Dog Dems may get in front of slowing the new taxes - if they are smart.

With the past three success - Virginia, New Jersey, and now Mass - the Republicans will get much more the the funds intended to the likely winners.

This is changing the calculus for the rest of the year.

One big problem on the Republican side - I expect the Repubs only have strong candidates for about 75% of the Congressional Districts, and expect to see some urgent recruiting of strong candidates now that the chances of success are much greater.

I think almost every Senate race will be covered with competent candidates.

But all those House races with only 'placeholder' candidates - that reduce chances of a massive Republican take over.
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