Wednesday, November 3, 2010

What is the Meaning of the 2010 Midterms?

Read about it, here. Excerpt:
The Democrats have lost the House of Representatives but kept the Senate by a slim margin. The Tea Party 'movement' will be credited for giving the Republicans this energy in the polls, but in fact there will be little evidence when the dust settles that anything particularly remarkable happened here. A few whack jobs got elected, quite a few didn't, turnout was probably around 40% (which will be hailed as a record high if true), and capitalism remains firmly in control of the political process. The dominant faction of the 'political class' will still comprise rich corporate lawyers, the majority of senators will still be millionaires, and Wall Street will still control the Treasury.

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