Wednesday, November 03, 2010

What the election means

Frankly, I wasn't really looking for much to happen either way. The election was anticlimactic. The people told the pollsters who they were going to go out and vote for, and that's what they did. Pretty orderly transition as far as I could tell. Heck, I even went on to bed at 9:00. It's like you are watching an NFL game, and the line is 21 points. You are only watching to see if it gets any closer.

So, did the republicans cover the spread? Yes, by a small amount. They did most of their scoring early, and then let the third string mop up. The tea party was MVP, but they had a few fumbles.  In any case, I hope the republicans know what the message is here. Remember the season of '94?

Anyway, I was more interested in the Fed meeting today (One blogger posted that the Fed is as "federal" as Federal Express is). The Federal Reserve Board is meeting today, and will vote on whether or not to print more money and inflate the bond market. These are the people who need republican supervision. If they vote to fire up the printing press by another trillion, these next two years won't be an improvement over the last two. Not sure what Boehner and the tea team can do about it at this point, but at least they could start putting the real numbers up on their web site. That would be a step in the right direction.

Congrats to the republicans. By the way, Intrade.com has posted the odds for 2012, and it seems the expectations are picking up that the democrat will win the white house. I wonder if that means Hillary has made her decision.

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