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...seats, and Michigan is viewed as a toss-up by both major parties. The governor's races, as well as the congressional elections, will therefore be key tests of whether the Democrats will extend their gains of recent years or succumb to the same backlash that propelled Republican Scott Brown to his upset victory in the Massachusetts Senate race this week. The stakes are particularly high in Michigan, because whoever is elected governor will play a crucial role in redrawing legislative districts in the wake of the 2010 U.S. Census, which is expected to show significant population declines here during...
...polling has been conducted to gauge how the electorate's mood has shifted since Cherry's announcement. "For both the Democrats and the Republicans, so much is in the air," says Ballenger. Republicans are very aware that if they are to replicate Brown's Massachusetts success in their quest to win back Michigan's governor's seat, the party must aggressively court independents and conservative Democrats - who are also part of the base of support for Dillon and Ilitch. "The message," says Ron Weiser, Michigan's GOP chair, "has to be about the economy and why we're able...
Obama outlined his plan for $117 billion worth of bank taxes to recoup the costs of bailouts even before Scott Brown's Massachusetts victory gave Republicans the 41st vote they need to filibuster the Senate. The newest proposals - further limits on the size and risk profiles of financial firms, plus bans on commercial banks playing the markets with their own cash or owning hedge funds or private-equity funds - had also been debated internally for months. But no matter what the White House spinners say, the heightened emphasis on taming Wall Street is a direct response to Obama's political...
...lawmakers to choose sides: Do you want to reform the financial system after the worst financial crisis since the Great Depression or do you want to protect the status quo on Wall Street? After cobbling together 60 Senators for health reform through endless delays and deals - which thanks to Brown would now require cooperation from at least one Republican along with a number of skittish or recalcitrant or opportunistic Democrats - the White House wants to take financial reform to the court of public opinion and pressure Congress to go along. Obama made it clear that when it came to health...
That clearly hasn't happened yet; Brown opposed Obama's proposed taxes on big banks as un-American taxes on success, and Republicans on the Hill remain confident that the larger issue is far too complex for Democrats to turn into a referendum on Wall Street. But Obama is obviously eager to try. The goal of his fight is not necessarily to win. It's to show Americans that he's fighting, and who's fighting against...