The consensus among the talking heads, political wonks, hacks and bloviators is that Democrats will lose big in November’s elections.
The logic is that the party in the White House always gets their ass handed to them in the first election after the president takes office. That’s what happened in 1994 after Clinton beat Bush in 1992. It didn’t happen in 2002 following George W. Bush’s controversial election in 2000.
The mainstream media and pundits are also convinced that voters are going bludgeon Democrats over their passage of health care reform. Following passage of Medicare in 1965, Republicans picked up 47 House seats in the 1966 election. Democrats still held a 247 to 187 majority in the House, but it was a good year for Republicans. Besides Medicare and Civil Rights legislation passage, there was also an unpopular Vietnam war raging and race riots sweeping the nation.
However, just like the prospectus for a mutual fund, past performance is not proof of future performance. And if you think that people paid to blather on MSNBC, Fox News and CNN are speaking the truth, or know what they’re talking about, means you haven’t been paying attention – these fools are wrong more than the weather man. Just remember what Bob Dylan said about the weather man.
As far as health care reform is concerned, it’s hard to see how getting beat by the GOP and failing to pass health care reform legislation would have proved a winner for Democrats in November. One things that is a constant in US history is that Americans like it when things get done and they like to vote for winners and not losers.
But if Democrats want to pull out big wins in November there’s a hanging fastball that they just need to swing at – take on the bankers. It’s a guaranteed home run. Everyone from all walks of life, whether Tea Partiers or left-wing anti-war activists, everyone hates bankers. Many Americans reflexively loath bankers and Wall Street big shots.
Senate Democrats and House members need to go back to the drawing board and produce some tough new regulations on bankers and Wall Street fatcats. There needs to be a campaign to rid the nation of banks “too big too fail” and to set up a strong consumer protection agency that’s not part of the Federal Reserve. Democrats need to beef up the Securities and Exchange Commission and other regulatory agencies either with new legislation or with the power of the Executive.
Let the GOP campaign supporting of Goldman Sachs and JP Morgan and Wall Street hucksters.
This the issue an overwhelming majority of Americans care about, and if the Democrats hit it hard – they not only won’t lose in November, they could even have greater majorities in both houses.