Daily Archives: November 5, 2010

PURPLE HAZE – LATELY THINGS JUST DON’T SEEM THE SAME

By Bruce R. McCain LLC

At first glance, the Republican tidal wave that swept across America last Tuesday failed to affect Oregon. Heading into Tuesday’s general election, Oregon, Washington and California comprised the Left Coast’s self-described “firewall” against Tea Party intrusion. So how blue does Oregon look after Tuesday’s general election?

Seen from Capitol Hill, Oregon looks as blue as John Kitzhaber’s jeans after every incumbent congressional member won re-election. Senator Ron Wyden earned another six years of commuting between Washington DC and his Oregon mailing address by thumping Jim Huffman, whose 40% showing was underwhelming this election year. Democrat Peter DeFazio won a surprisingly tough 54%-45% victory over Art Robinson in Southern Oregon’s CD-4. In the other two closely watched congressional races, Democrat incumbents Kurt Schrader (CD-5) and David Wu (CD-1) held off challenges by Scott Bruun and Rob Cornilles, respectively. Both of those congressional districts have been held by Democrats since 1975 and Oregonians failed to reverse that trend. In Portland’s 3rd congressional district, Democrat incumbent Earl Blumenauer predictably flattened out-of-district Delia Lopez. The southern Oregon resident’s Tea Party platform may have sounded great to Victoria Taft listeners, but her ads fell on deaf ears as Lopez struggled to a 25% showing in a district with more non-affiliated voters than registered Republicans.

So Oregon’s congressional delegation remains the same with two Democratic senators and four of five Democratic representatives. But the biggest winner in the bunch turned out to be the lone Republican, Rep. Greg Walden. When Blumenauer, Schrader, DeFazio and Wu return to the Capitol, they will be met by Walden, who was tapped as leader of the Republican transition team. Oregon’s four Democrats will take their seats as members of the minority party.

In state-wide races, Democrat Ted Wheeler beat Republican Chris Telfer to become the fifth consecutive Democratic state treasurer. And of course, John Kitzhaber became the governor of Multnomah County after losing in 29 of 36 counties in the closest gubernatorial race in a generation. Kitzhaber’s return to Mahonia Hall extends Democratic occupancy to 28 years, while continuing Democrats’ dominance in state-wide races due to the Multnomah Effect.

Though the Left Coast firewall successfully absorbed the brunt of the conservative wave, the residual red tide had to go somewhere. As it turns out, it followed its natural course and flowed and seeped to the local legislative races where it produced an astounding result. One week ago Democrats enjoyed legislative supermajorities in both chambers. They awoke Wednesday to discover Oregonians had dumped a mass of Red tea into their Blue pot, leaving a Purple legislature comprised of a 30-30 split in the house and a narrow16-14 Democratic senate.

Presiding over the Democrats’ collapse was Dave Hunt (D-Gladstone), who has little chance of returning as house speaker in January. In a clumsy and desperate stunt, Hunt’s caucus smear machine known as FuturePac falsely accused three Republican candidates – Matt Wand, Patrick Sheehan and Shawn Lindsay – of supporting a 30% sales tax. FuturePac’s outrageous lies were described by the Oregonian as the political “Cheap Shot of the Year” and proved disastrously ineffective. All three Republicans won their races, ending the Democratic majority and Hunt’s tenure as speaker.

Of all the Republican legislative victories, none is more significant than Wand’s in HD-49. The battle-ground district, which lies just east of Portland in Multnomah County, was held through 2006 by former house speaker Karen Minnis, who did not seek reelection in 2008. Powered by Obama-mania, Democrats pushed Republicans completely out of Multnomah County in 2008. Part of that sweep was Democrat Nick Kahl’s open seat win over John Nelson (R) in HD-49. With more than 12,000 registered Democrats and less than 8,000 registered Republicans, the incumbent Kahl had a huge built-in advantage over Wand in 2010. Yet Wand firmly re-planted the Republican flag in Multnomah County after only 24 months of exile with a decisive 53%-46% win over his one-term Democrat opponent.

With Wand’s victory in HD-49, Patrick Sheehan’s win in HD-51 (Clackamas) and Mark Johnson’s huge win in HD-52 (Hood River), Republicans created a Red firewall of their own around and below Multnomah County. The visual and literal significance of those three Republican pick-ups cannot be overstated, boosted by Republican Chuck Thomsen’s stunning defeat of Democratic incumbent senator and rising star Brent Barton in SD-26, which consists of Sheehan’s and Johnson’s adjacent house districts.

For Oregonians to finally break free of decades of one-party Democratic rule, they must first understand the effect Multnomah County has on Oregon elections and how independents and conservatives can counter that effect. The 2010 general election laid out the template and the strategy. Portland’s Democratic machine will never be defeated. But it can be surrounded and politically quarantined, thereby reducing its influence over the rest of Oregon. Next: Making Portland See Red…

Tell ’em where you saw it. Http://www.victoriataft.com

Failed Dem Representative Fails at Stand-up Comedy too

Alan Grayson, the bombastic, vitriolic congressman from Central Florida who was handily defeated Tuesday evening seems to be hoping for a career as a stand-up comic, what with his recent explanation of just why he and the Democratic party were so soundly rejected.

“I think that the Democrats are saddened and demoralized by this policy of appeasement,” he said in an MSNBC interview. He added that Democratic leaders should have been more aggressive and shut Republicans out of the negotiating process.

The Hill

Would that be this appeasement, Al?

Tell ’em where you saw it. Http://www.victoriataft.com

Pete the Banker: Transition from the Democrat Administration’s “We Should” Reform Fannie and Freddie to Republican Congressional “We Will” Reform Fannie and Freddie

While Barney Frank held on to win his Congressional seat back, he will lose the chairmanship of the House Financial Services Committee.  Representative Spencer Bachus of Alabama will likely step in as Committee Chair and will have primary responsibility for oversight of rule-making for the Dodd-Frank legislation and the long delayed reform of Fannie and Freddie.  “Republicans have said that GSE [government-sponsored enterprise] reform will be at the top of their agenda,” Killmer of the Mortgage Bankers Association observed.“  They’ll clearly be approaching this issue from a very different perspective than their Democratic predecessors, particularly with regard to the role and scope of the government’s involvement in the housing finance chain.”  Here. 

The Obama Administration has embraced the nationalization of the GSE’s under the conservatorship agreement, however even under a Democrat Congress the support of these institutions has eroded.  It is extremely likely that the Republican Congress will terminate the conservatorship, structuring a private industry resolution of the current fiscal morass these Administration consorts pose to the American Taxpayer.
Look to Republicans like Jeb Hensarling of Texas to force the hand of Treasury Secretary Geithner, FDIC Chair Sheila Bair and Consumer Head Elizabeth Warren, in making Dodd Frank regulations less onerous on financial institutions and less costly to consumers.  Jeb Hensarling will certainly push through the GSE Bailout Elimination and Taxpayer Protection Act (HR 4889) which provides the foundation for a transition to a Mortgage Industry without GSE’s. It requires increased Fannie and Freddie capital requirements, a sunset in the GSE’s charters and a orderly reduction in their operations and presence in the mortgage capital markets.  http://www.washingtonwatch.com/bills/show/111_HR_4889.html Here. 
This will force the Obama Administration to confront its irresponsible inaction on Fannie Mae and Freddie Mac.  Ultimately, Obama will either have to agree to this reform, providing badly needed relief to struggling American Taxpayers from the onerous costs of this perpetual subsidy and resulting economic malaise that continues to paralyze the Housing/Mortgage Industries and American Economy or display his intransigence, unwillingness and/or inability to provide meaningful effectual change in the existing economic morass.

Tell ’em where you saw it. Http://www.victoriataft.com

PURPLE HAZE – LATELY THINGS JUST DON’T SEEM THE SAME

By Bruce R. McCain LLC

At first glance, the Republican tidal wave that swept across America last Tuesday failed to affect Oregon. Heading into Tuesday’s general election, Oregon, Washington and California comprised the Left Coast’s self-described “firewall” against Tea Party intrusion. So how blue does Oregon look after Tuesday’s general election?

Seen from Capitol Hill, Oregon looks as blue as John Kitzhaber’s jeans after every incumbent congressional member won re-election. Senator Ron Wyden earned another six years of commuting between Washington DC and his Oregon mailing address by thumping Jim Huffman, whose 40% showing was underwhelming this election year. Democrat Peter DeFazio won a surprisingly tough 54%-45% victory over Art Robinson in Southern Oregon’s CD-4. In the other two closely watched congressional races, Democrat incumbents Kurt Schrader (CD-5) and David Wu (CD-1) held off challenges by Scott Bruun and Rob Cornilles, respectively. Both of those congressional districts have been held by Democrats since 1975 and Oregonians failed to reverse that trend. In Portland’s 3rd congressional district, Democrat incumbent Earl Blumenauer predictably flattened out-of-district Delia Lopez. The southern Oregon resident’s Tea Party platform may have sounded great to Victoria Taft listeners, but her ads fell on deaf ears as Lopez struggled to a 25% showing in a district with more non-affiliated voters than registered Republicans.

So Oregon’s congressional delegation remains the same with two Democratic senators and four of five Democratic representatives. But the biggest winner in the bunch turned out to be the lone Republican, Rep. Greg Walden. When Blumenauer, Schrader, DeFazio and Wu return to the Capitol, they will be met by Walden, who was tapped as leader of the Republican transition team. Oregon’s four Democrats will take their seats as members of the minority party.

In state-wide races, Democrat Ted Wheeler beat Republican Chris Telfer to become the fifth consecutive Democratic state treasurer. And of course, John Kitzhaber became the governor of Multnomah County after losing in 29 of 36 counties in the closest gubernatorial race in a generation. Kitzhaber’s return to Mahonia Hall extends Democratic occupancy to 28 years, while continuing Democrats’ dominance in state-wide races due to the Multnomah Effect.

Though the Left Coast firewall successfully absorbed the brunt of the conservative wave, the residual red tide had to go somewhere. As it turns out, it followed its natural course and flowed and seeped to the local legislative races where it produced an astounding result. One week ago Democrats enjoyed legislative supermajorities in both chambers. They awoke Wednesday to discover Oregonians had dumped a mass of Red tea into their Blue pot, leaving a Purple legislature comprised of a 30-30 split in the house and a narrow16-14 Democratic senate.

Presiding over the Democrats’ collapse was Dave Hunt (D-Gladstone), who has little chance of returning as house speaker in January. In a clumsy and desperate stunt, Hunt’s caucus smear machine known as FuturePac falsely accused three Republican candidates – Matt Wand, Patrick Sheehan and Shawn Lindsay – of supporting a 30% sales tax. FuturePac’s outrageous lies were described by the Oregonian as the political “Cheap Shot of the Year” and proved disastrously ineffective. All three Republicans won their races, ending the Democratic majority and Hunt’s tenure as speaker.

Of all the Republican legislative victories, none is more significant than Wand’s in HD-49. The battle-ground district, which lies just east of Portland in Multnomah County, was held through 2006 by former house speaker Karen Minnis, who did not seek reelection in 2008. Powered by Obama-mania, Democrats pushed Republicans completely out of Multnomah County in 2008. Part of that sweep was Democrat Nick Kahl’s open seat win over John Nelson (R) in HD-49. With more than 12,000 registered Democrats and less than 8,000 registered Republicans, the incumbent Kahl had a huge built-in advantage over Wand in 2010. Yet Wand firmly re-planted the Republican flag in Multnomah County after only 24 months of exile with a decisive 53%-46% win over his one-term Democrat opponent.

With Wand’s victory in HD-49, Patrick Sheehan’s win in HD-51 (Clackamas) and Mark Johnson’s huge win in HD-52 (Hood River), Republicans created a Red firewall of their own around and below Multnomah County. The visual and literal significance of those three Republican pick-ups cannot be overstated, boosted by Republican Chuck Thomsen’s stunning defeat of Democratic incumbent senator and rising star Brent Barton in SD-26, which consists of Sheehan’s and Johnson’s adjacent house districts.

For Oregonians to finally break free of decades of one-party Democratic rule, they must first understand the effect Multnomah County has on Oregon elections and how independents and conservatives can counter that effect. The 2010 general election laid out the template and the strategy. Portland’s Democratic machine will never be defeated. But it can be surrounded and politically quarantined, thereby reducing its influence over the rest of Oregon. Next: Making Portland See Red…

Tell ’em where you saw it. Http://www.victoriataft.com

Failed Dem Representative Fails at Stand-up Comedy too

Alan Grayson, the bombastic, vitriolic congressman from Central Florida who was handily defeated Tuesday evening seems to be hoping for a career as a stand-up comic, what with his recent explanation of just why he and the Democratic party were so soundly rejected.

“I think that the Democrats are saddened and demoralized by this policy of appeasement,” he said in an MSNBC interview. He added that Democratic leaders should have been more aggressive and shut Republicans out of the negotiating process.

The Hill

Would that be this appeasement, Al?

Tell ’em where you saw it. Http://www.victoriataft.com

Patty Murray WIns 4th Term in Senate

Democrat Patty Murray wins her bid to return to Washington D.C.

Seattle Times

“According to a Seattle Times analysis, Rossi would need to get about 54 percent of the estimated 591,000 uncounted ballots statewide to overcome Murray’s lead.”

“But nearly 264,000 of those ballots are in King County. Murray’s already commanding lead there has only expanded since Election Day. She took 68 percent of the 69,000 King County ballots counted Thursday.”

I’m sure the rest of the state thanks King County,,,, again.

UPDATE: Rossi concedes

Tell ’em where you saw it. Http://www.victoriataft.com