THE VICTORY OF REPUBLICANS IN NEW JERSEY AND VIRGINIA...MAY BE SEEN AS "INSURANCE" BY VOTERS AND TAXPAYERS IN THOSE STATES AGAINST ANY STATE TAX INCREASES...AS THE ECONOMIC DEPRESSION CONTINUES... A WISE MOVE BY THOSE VOTERS...!
IT IS WELL KNOWN THAT STATES ARE BROKE...AND THEY MUST BALANCE THEIR BUDGETS...THE ONLY WAY TO BALANCE A STATE BUDGET IS WITH SPENDING CUTS OR TAX INCREASES... CLEARLY THE VOTERS ARE SMART TO VOTE REPUBLICAN...TO INOCULATE THEMSELVES FROM STATE TAX INCREASES...
VERY LIKELY THE NEW REPUBLICAN GOVERNORS IN NEW JERSEY AND VIRGINIA WILL HAVE A VERY HARD TIME MANAGING STATE GOVERNMENT IN THE CONTINUING DEPRESSION...
WHAT WILL THEY CUT...TEACHERS, POLICE, PRISONS...? GOOD LUCK... BUT THE PEOPLE HAVE SPOKEN...
IN NEW JERSEY CORZINE WAS PROBABLY THE MOST UNPOPULAR GOVERNOR IN THE US...AND HE WAS A GOLDMAN SACHS ALUM TO BOOT...! AND GOLDMAN SACHS IS NOT EXACTLY SEEN AS A FRIEND OF THE AMERICAN PEOPLE THESE DAZE...
IN VIRGINIA...THE DEMOCRAT WAS SIMPLY NOT AS IMPRESSIVE AS THE REPUBLICAN... THE DEMOCRAT JUST DID NOT HAVE VOTER APPEAL VIS-A-VIS THE REPUBLICAN...BUT AGAIN THE REPUBLICAN WILL NOW HAVE TO MANAGE VIRGINIA THROUGH THE CURRENT DEPRESSION...WITHOUT RAISING TAXES... THIS WILL REQUIRE MASSIVE CUTS IN SERVICES... AGAIN GOOD LUCK.
THE REAL STORY WAS THE AX FIGHT IN UP STATE NEW YORK....
THE INTERVENTION BY THE NEO-FASCIST WING OF THE REPUBLICAN PARTY DID NOT PRODUCE THE LOCK STEP REACTION FROM REPUBLICANS THAT WAS EXPECTED... A LOT OF REPUBLICAN MODERATES REFUSED TO DRINK THE PALIN/BECK/RUSH KOOL AID...
AND THAT IS A PROBLEM FOR REPUBLICANS...
