Posted by
GregB on Thursday, November 04, 2010 5:22:23 PM
I have refrained from an immediate analysis of the election results. I wanted to let it all soak in before I begin to share my two-cents worth, and it probably isn't worth that much any way. Additionally, I really want to take more time for reflection so my thoughts are really only impressions and not much more.
The Good
Republican control, and mostly conservative control, give hope a new definition. Hopefully Obama will pull back from his extremely liberal agenda.
Conservatives seem to have revived a new "back bone". This is good as it is needed to confront the still liberal policies that will need refinement and even repeal on the federal level.
Good by Nancy Pelosi. Harry Reid - you gotta watch your political back.
More Governorships will mean that redistricting will be more fair and balanced, giving R's a better chance to make more gains in 2012 in the house. This will also give more impetus to taking more Senate seats in 2012.
CA defeated Prop 19. A stupid idea that would have cost us billions in social costs.
The Bad.
California voters seem to be stuck in the 90's with the reelection of Jerry Brown and Barabara Boxer. Liberalism is dying except for its last breaths in California. R's will have a hard time winning state wide elections when the D's out number R registrations by a margin of 2 to 1. The R leadership in CA has got to address this issue.
CA stupidly passed Prop 25. But we also passed the proposition that required voter approval to increase fees and taxes. We just made the budget process complicated and draconian. Expect Jerry Brown to put tax increase propositions on the ballot. Why do we have state legislators?
The R's lost the U.S. Senate because the Tea Party movement wasn't sophisticated. There I said it. The Tea Party movement lost the senate in its push for a very incompetent Christine O'Donnell and a very poor candidate in Sharon Angle. The R's will have to also eat crow and restore their relationship with Aka's Murkowski.
The Ugly
A Jerry Brown governorship will bring us back to the days of Gray Davis.
A Barbara Boxer incumbency will mean that jobs in the San Juaquin Valley won't come back for a long time. I really think that a lawsuit should be started to overturn the legislation that has caused this disaster.
Gavin Newsome. Enough said.
CA will recover economically but it will lag behind any national recovery just because our state government leadership won't do what is necessary from a fiscal point to make CA financially solvent. If you have a state government pension, you need to be very careful.
On The Economy.
Obama's recent admission that he will consider a temporary extension of the Bush tax cuts will encourage some money that has been sitting on the sidelines to enter the game. I said some, not all. Reports from Wall Street indicate that there is about $2 Trillion sitting in cash and being held by corporations because they have been reticient about future costs due to the lack of government leadership on the tax cuts and due to the as yet uncertain rise in medical health insurance costs from Obamacare. Well, the extension of the tax cuts will give them some certainty to take some of that money and begin to hire and invest. If we begin to reform Obamacare, that will encourage more money to flow back into the economy. Nationally, it won't surprise me if our unemployment drops below 8% but I really expect CA's unemployment to stay around 10% because we don't have good political leadership that is committed to doing what is needed to make CA's economy stronger and to cut government expenses at the state level.
Just some thoughts.