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Why The Senate Races May Be The Most Critical

Nov. 4, 2008

From The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com . Visit and sign-up for email or feed notices today.

Tuesday, November 4, 2008

Why The Senate Result On Tuesday May Be Most Critical

 

Electoral Map

Where should your state be?

Election Day Is Here!!

It's the day we've been waiting for o' these many months. Who is going to win the presidency? Will it be Obama or McCain? The truth is, if Obama does win the more critical votes are going to be in the Senate, as that is where we may have the situation where Democrats control the White House, House and Senate.

If there is a groundswell for the Democrats as some anticipate, and they get to a 60 seats in the Senate, they will have a filibuster proof majority. What this means is that they will be able to pound through any legislation that they want with the Republicans in no position to stop it.

What The Senate Race Looks Like

Going through the predictions from various sources, the total for the Democrats coming out of the vote could be anywhere from 57-59, with few predicting the magic number of 60. One thing we know however, is that we are not arrogant enough to think that we know anything. This number could fall out anywhere.

It will be a long day and night tomorrow, with Senate races in Alaska, Minnesota, Georgia and Kentucky some of the more interesting ones. In Alaska, Senator Ted Stevens, who was recently convicted on 7 counts of making false statements, remains in the race. He has always won by a wide margin, but I wouldn't look for that tomorrow.

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