The Foreclosure States: Referendum for Obama, or Scapegoating the Party in Charge?

Eight of the top 10 foreclosure states all swung for Obama, giving him an additional 71 electoral votes.

Would them swinging for McCain have made a difference? No. It does mean that it was the central issue. 90% of exit polls said the economy was the central issue. It also means that the McCain camp really dropped the ball not linking Obama to Freddie (FRE) and Fannie (FNM) the same relentless way Obama linked McCain to Bush.

It also means that two years from now should the housing situation not be any better, Democrats may face a backlash in Congress in those elections as this shows the vote in these areas was not so much "for Obama" but "against Bush".

The only thing less popular today than Bush is Congress. The new Congress has no honeymoon period as citizens over their head want someone to blame. It will be the guys in charge, not themselves.


From ForeclosurePulse
State-By-State

1. Arizona (10 electoral cotes) Voted for Bush in 2000 and 2004. In 2008 Arizona voted for McCain.

2. California (55 electoral cotes) Voted for Gore in 2000 and Kerry in 2004. In 2008 California voted for Obama.

3. Colorado (9 electoral cotes) Voted for Bush in 2000 and 2004. In 2008 Colorado voted for Obama.

4. Florida (27 electoral cotes) Voted for Bush in 2000 and 2004. In 2008 Florida voted for Obama.

5. Georgia (15 electoral cotes) Voted for Bush in 2000 and 2004. In 2008 Georgia voted for McCain.

6. Indiana (11 electoral cotes) Voted for Bush in 2000 and 2004. In 2008 Indiana voted for Obama.

7. Michigan (17 electoral cotes) Voted for Gore in 2000 and Kerry in 2004. In 2008 Michigan voted for Obama.

8. Nevada (5 electoral cotes) Voted for Bush in 2000 and 2004. In 2008 Nevada voted for Obama.

9. New Jersey (15 electoral cotes) Voted for Gore in 2000 and Kerry in 2004. In 2008 New Jersey voted for Obama.

10. Ohio (20 electoral cotes) Voted for Bush in 2000 and 2004. In 2008 Ohio voted for Obama.

It will be interesting....

Comments

[doubleguns:]

Administrations are always the scape goats. Obama and this congress will get no sympathy next election when they dont have it corrected. However, to be honest I dont believe McCain would have it corrected by then either but he would have a congress to blame it on.

Congress will be slaughtered in 2 years time since this thing wont be turned around by then. Unfortunatly/fortunatl... (depending upon your politics) the dems have 2 REALLY BIG problems. Over promises/expectaions and too many splintered groups/ ideas that only joined hands for the election.

Now the infighting starts and just as in the past 2 years nothing much will get done and if a token start is made it will be too late for the mid-term election since it will be a far cry from Obamas promises and the publics expectations. Congress will however meet or exceed the publics present opinion of congress and they will pay for it in the mid-terms. I for one hope I am dead wrong. We need to get this thing turned around before we are too far down the road and the u-turn is a long ways farther.

2008 Nov 06 10:17 AM

[jackooo:]

Congress is run by the morons the American public elects. Stupid Americans.

2008 Nov 06 10:20 AM

[robert.b.fe...:]

Congress has been screwing this up since the Carter administration. Some of the same players are still there. I have absolutly no faith that the same people that caused this are going to fix it. There will be no accountability in the Senate. Schumer will not be blamed for killing Indymac even though he did. Now he wants to stop financials from issuing dividends the man is a moron. Frank and Dodd were saying everything at Fannie and Freddie were just fine as millions of misguided mortgage holders went under. Reminds me of the dance band on the Titanic the difference is these guys will not have to pay the piper.

2008 Nov 06 10:38 AM

[long_on_oil:]

The solution is term limits but that got killed by the supreme court. With term limits no congressman stays in long enough to get established. With term limits the pork is removed from the federal budget because no confressman buys his reelection with taxpayers money.
With term limits congressmen do the right thing because they don't have to worry about the next election.
Congress has a single digit approval rating but no ones individual congressman is all that bad...lol What a joke. In order to save the nation and bring back fiscal sanity we are going to have to throw the baby out with the bathwater.
The saddest thing about this election was people voted against Bush and not for Obama and Bush will not even be around come Jan 20th. I personally voted FOR McCain.

2008 Nov 06 01:29 PM

[markg:]

long_on_oil....well said. I believe that the saying, "we get the government we deserve" is depressingly true. Politicians in general make a living from taking credit for anything good, and pointing fingers for anything bad. The current situation certainly has plenty of room for the latter. The only good thing to come from the current federal government, the Democrats can't blame the Republicans anymore, except in retrospect. On second thought, can't you hear the "boy, we inherited an even bigger mess from the Bush than we thought"

I wrote in a vote for Ron Paul.

2008 Nov 07 12:41 AM

[Fremon:]

This will not be an incompetent administration as was Bush's. All problems will not be solved immediately as there are too many of them. Obama has the intelligence,disciplin... and pragmatism and no ideologs on his team to disrupt his going forward. Naturally there will be the Republican sided who will castigate him for doing this or that (re Kudlow/WSJ and followers). All will not be solved as the problems are too deep caused by this administration. What Obama's administration will do will be measured steps that will show progress. It will be a transparent administration. It may not be fast enough for some but it will be progress as we escape the damage done. After 4 years he will add to the congress and 1/2 seats in the Senate and win re-election. His second 4 years will solve more of the social problems like universal healthcare which will take a back seat to the economy and Iraq/Afganistan.

2008 Nov 07 03:56 PM

[Fremon:]

You are right. We don't even know how much damage was done!


On Nov 07 12:41 AM markg wrote:

> long_on_oil....well said. I believe that the saying, "we get the
> government we deserve" is depressingly true. Politicians in general
> make a living from taking credit for anything good, and pointing
> fingers for anything bad. The current situation certainly has plenty
> of room for the latter. The only good thing to come from the current
> federal government, the Democrats can't blame the Republicans anymore,
> except in retrospect. On second thought, can't you hear the "boy,
> we inherited an even bigger mess from the Bush than we thought"
>
>
> I wrote in a vote for Ron Paul.

2008 Nov 07 03:57 PM

[Fremon:]

Well you lost!


On Nov 06 01:29 PM long_on_oil wrote:

> The solution is term limits but that got killed by the supreme court.
> With term limits no congressman stays in long enough to get established.
> With term limits the pork is removed from the federal budget because
> no confressman buys his reelection with taxpayers money.
> With term limits congressmen do the right thing because they don't
> have to worry about the next election.
> Congress has a single digit approval rating but no ones individual
> congressman is all that bad...lol What a joke. In order to save the
> nation and bring back fiscal sanity we are going to have to throw
> the baby out with the bathwater.
> The saddest thing about this election was people voted against Bush
> and not for Obama and Bush will not even be around come Jan 20th.
> I personally voted FOR McCain.

2008 Nov 07 03:58 PM

[Homer II:]

On Nov 06 10:20 AM jackooo wrote:

> Congress is run by the morons the American public elects. Stupid
> Americans.

No shit.. They need someone else to blame for their lack of planning and managing their financial lives: No savings to speak of; 5-digit CC balances; in over their heads with their house payments; driving new cars they cannot pay to finance nor fillup; eating out 4, 5, 6 nights a week; gambling excessively on the Lotto, scratch-off cards; squandering on entertainment, tickets to sports games, NASCAR; buying new toys, 40-50" plasma TVs, entertainment centers, i-phones, PCs, and on and on and on.

Can you say, "Delayed Gratification"?

2008 Nov 10 02:33 AM