News from the VotemasterOne of the things that may set 2008 apart from 2004 is the immense efforts the parties are doing to register new voters. So far, the Democrats are doing a better job. For example, in Florida, the Democrats have registered 107,000 new voters compared to 17,000 for the Republicans. If each of the new voters votes for his or her own party, that's a net gain of 90,000 votes for the Democrats. Remember that George Bush won Florida by 537 votes in 2000, so 90,000 is a serious number. Of course party registration is not everything, but it does matter.
Interestingly enough, green parties in other countries have a real influence. In 1998, the German Green Party got 6.7% of the vote, 47 seats in parliament and entered into a governing coalition with the Social Democrats. Three of its leaders became cabinet ministers, including the foreign minister. But it achieved this by running top-tier candidates and focusing on getting as many votes as it could. The economy is already the central issue of the election but it is about to get even more attention. While proclaiming that Fannie Mae and Freddie Mac are perfectly healthy, federal officials are busy preparing a massive taxpayer bailout of these private, publicly traded companies, where shady accounting practices have reigned for years. Most people don't understand this, but in the old days, if you wanted to buy a house, you'd go to a bank and if your credit was good the bank would give you a mortgage and you would pay the bank every month. Nowadays, the bank doesn't care if your credit is good because it immediately resells your mortgage to another company, which packages it with many other mortgages and gives the package to Wall Street to divide up into shares to be sold to investors. As a result of the mortgage meltdown, pretty much all private capital has vanished from the mortgage market, leaving only Fannie Mae and Freddie Mac (which were created by Congress) to buy mortgages. Consequently, their bankruptcies would have dire and instantaneous consequences for the financial markets. They are in trouble because they made bad business decisions packaging thousands of loans that had no hope of ever being repaid into large bundles which then miraculously would be good investments. It will be interesting to watch how the candidates react to the government bailout. Will Barack Obama let greedy private companies off the hook to make sure Americans can still get mortgages? Will John McCain stay true to his philosophy that the market knows best and oppose a government handout? Stay tuned. The NY Times has more. Many of the potential Veeps are politicians currently in office. If any one of them is elected Vice President, succession becomes an issue. In some cases, the successor will be from the other party, which is a factor to be considered. Swing State Project compiled a list of potential Veeps and the consequences of their winning. Here is an expanded version of the list.
If either Evan Bayh or Jack Reed is elected Vice President, a Senate seat will (likely) flip. DSCC chairman Chuck Schumer will probably wring Obama's neck if picks either of these. But Obama surely understands that the Democrats are going to come tantalizingly close to 60 seats in the Senate and that even 58 is a lot better than 57 since the former requires peeling off only two Republicans instead of three on any given cloture vote. A choice of Tim Kaine would hand the Virginia governor's mansion over to the Republicans, but Kaine is term limited and there will be an election before the 2010 redistricting no matter what. With the others, no damage is done. For McCain, only two choices are problematical. If he picks Gov. Sarah Palin (R), a biker chick who would add immense pizazz to the ticket (and probably overshadow not only McCain but also Obama), in principle Lt. Gov. Sen Parnell (R) becomes governor. Only Parnell is running for the House and might well win if he can beat the corrupt incumbent, Don Young (R-AK), in the primary. At that point Parnell could either resign the governorship or his seat in Congress. If he chooses to be a congressman, the President of the state senate appears to be next in line. Despite its being the smallest legislative body in the United States (only 20 state senators), Alaska state senate politics is truly bizarre. Republicans currently control 11 seats and Democrats 9, but the Republicans are badly divided and there is a coalition of the 9 Democrats and 6 Republicans who run the place under the leadership of Texas-born nominal Republican Lyda Green. Does McCain understand all this? Does he care? Palin would add incredible zip to the ticket. Another widely mentioned potential Veep is Gov. Piyush "Bobby" Jindal (R-LA). As a young Indian-American, he would attract young voters and people of color. However, in Louisiana's eccentric politics, the lieutant governor is Democrat Mitch Landrieu, brother of Sen. Mary Landrieu (D-LA), so the state house would flip. That's not so awful, but in 2010 Sen. David Vitter (R-LA) is up for reelection. Unlike Eliot Spitzer, Vitter has managed to escape his prostitution scandal so far, but that will surely come up in 2010 and being governor would position Mitch Landrieu to have a good shot at setting up the first brother-sister act in the Senate. As things look now, we are likely to have first cousins in the next Senate (Mark Udall in CO and Tom Udall in NM) but no Senate sibs although Sen. Carl Levin's brother, Sandy, is a representative. Sen. Ken Salazar (D-CO) and Rep. John Salazar (CO-03) are also brothers. One poll today. Obama is well ahead in Wisconsin.
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