Nov

7

These are the numbers from the election in the U.S. They are truly historic; to find a parallel in terms of partisan shift from the Democrats to the Republicans, you have to go back to the Wilson Administration elections of 1918 and Davis' crushing defeat in 1920 and Hoover's coronation as Coolidge's successor in 1928. Even Truman's successive losses in mid-term elections was not a comparable defeat because the Democrats remained solidly in the majority in state legislatures and governorships. Measured by all elective offices throughout the country, this is the first time in American history that Republicans have been the majority party for more than a single election.

A few details:

After the Louisiana runoff on December 6, Republicans will hold 54 seats in the U.S. Senate; they began the week with 45. The last time Republicans defeated more than one incumbent Senate Democrat was in 1980 when Reagan's landslide won them 2 seats. In this election they will have defeated 5 Democrats - in Alaska, Arkansas, Colorado, Louisiana and North Carolina. If you extend the calculation to include open seats previously held by Democrats (Iowa, Montana, South Dakota, and West Virginia), the Republicans gained 9.

Republicans now hold 31 (possibly 32) of the 50 governorships and 29 (possibly 30) of the state legislatures, a total that matches the Republicans' all-time greatest success in 1928. In the count of all state legislative bodies (99 total, thanks to Nebraska's unicameral legislature) the Republicans control 69; that is 5 more than their greatest previous success of 64 in 1920.

The President's record is truly extraordinary as the leader of an American political party. Since his election in 2008 the Democrats have lost 14 Senate seats (60 to 46), 72 House seats (257 to 185), and 10 governorships (28 to 18).


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  1. Alessandro on November 8, 2014 7:28 am

    Hi Victor, I’ve written a piece about your book, Practical speculation, in my blog. Here is the link:
    https://www.facebook.com/thedisciplinedbull?ref=bookmarks

    Here is the text

    >>>>> Technical analysis? Bullshit

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