November 7, 2018--The Economy, Stupid

Briefly since I was up all night listening to the election results--

First, I did pretty well with my predictions. 

Beto O'Rourke did lose by about three points (which for a Democrat in Texas is remarkable) and one would think that would end any talk about his president possibilities in two years, but last night on MSNBC there was chat about his running and in this morning's New York Times speculation about his potential candidacy.

Then, by far the biggest headline from the evening's results was the Democrats winning control of the House of Representatives. By a somewhat bigger margin than predicted by most. Adam Schiff, who will become chairman of the House Intelligence Committee, essentially announced that in January there will be wide-ranging investigations of Trump and his minions, including demands that they have access to his tax returns. 

The takeover of the House by Democrats will also assure that Mueller's eventual report will see the light of day. Even if Trump fires everyone associated with the investigation Schiff and his colleagues will have the power to subpoena it and make it public. 

And, one bonus from Schiff's ascension, is that we won't have to pay attention anymore to the departing chairman, Trump funky Devin Nunes.

On the Democratic side there did not appear to be any stars waiting for 2020 to be born. Perhaps Gavin Newsome, who will become California's governor might turn out to be credible. I know nothing about him (all talk about California presidential candidates have thus far centered around Senator Kamala Harris), but as my father would point out if he were still around--he has "presidential hair."

Finally (and then back to bed) though James Carville's insight when it comes to national elections is that it's always the economy, stupid, that was not true last night. It was about healthcare, healthcare, healthcare and immigration, immigration, immigration. And, yes, concern about Trump's abhorrent behavior. A full 30 percent said to vote against him was a major reason why they turned out.

Thinking about going forward, it will be important to see how many white women and young people voted, for whom, and by what numbers. Because by 10:00 am today the 2020 election moves to center stage.