Democrats Make History With Back-to-Back Waves
Barack Obama wasn't the only Democrat to make history. Democrats in Congress pulled off an amazing feat this year - winning more than 20 seats for the second straight election. No party has done that in over 50 years. By winning 23 new seats this cycle, we broke the historical curse that is typical in most elections where after one party wins a wave election, that party then loses seats in the following Congressional election.
In addition, no party has won the Majority and followed it up with another wave of victories since the early 1930s in the years following the Great Depression. As of now, Democrats have picked up a net 23 seats this cycle with more close races on Republican turf yet to be called. Check back to The Stakeholder for more on these too close to call races.
America has spoken. And America says it’s time for change. Whether we like it or not the democratic election brought Barack Obama to its highest peak. It’s not much, but it’s a start. Newly elected Obama promised us change, and hoping the next four years brings enough change.
We have now discovered who our next head commander is. Congratulations, Mr. Obama on becoming America’s 44th President of the United States of America. Your endurance through the 22-month campaign is highly admirable. However, your journey has just begun. You have been chosen to become the decision maker for all Americans to resolve the major issues in our economy. First and foremost, the financial system and the faltering economy must be stabilized and we understand that you have proposed a number of different stimulus packages in recent weeks regarding this matter. Your plans to temporarily exempt seniors from having to make annual withdrawals from their IRAs and 401 (k)s after the age of 70 ½ and to temporarily exempt the unemployed from having to pay tax on their unemployment benefits will most likely have you score on both sides. Nevertheless, the biggest focus should be on keeping the bank bailout/credit repair that started on track, reduce real estate foreclosures and change the position of financial regulation. To sum up, you have all your objectives laid out for you, Mr. President-Elect.
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