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October 24th, 2008
05:50 PM ET

What’s the risk of one party controlling Federal Government?

 Click the play button to see what Jack and our viewers had to say.

Click the play button to see what Jack and our viewers had to say.

FROM CNN's Jack Cafferty:

It's entirely possible the New Year will find the White House and the Congress controlled by the Democrats.

Virtually all the polls indicate it could be a big year for the Democrats. Some fearless forecasters are predicting Democrats could even wind up with the all-important 60 vote majority in the Senate. That would render Republicans virtually powerless to stop legislation there. Right now– the Democrats barely have the upper hand in the Senate– 49 Democrats, 49 Republicans and 2 Independents who caucus with the Democrats.

Watch: Cafferty: One party Federal Government?

In the House, Democrats hold a 235 to 199 majority with one vacancy. A 270-seat majority this election is probably out of reach but the Democrats are expected to pick up some seats. House Speaker Nancy Pelosi predicts Democrats will control 250 seats when all the votes are counted.

And Barack Obama, another Democrat, is the current favorite to be the next president. So what would that mean for the rest of us? It means the Democrats would suddenly have the power to push about any agenda they want to–from raising taxes on the wealthy and cutting them for the middle class to steering more federal benefits to low-income families to expanding health care coverage to anything else they might decide suits their fancy.

Here’s my question to you: What's the risk of one party controlling Congress and the White House?

Interested to know which ones made it on air?

FULL POST


Filed under: US Federal Government
October 24th, 2008
04:54 PM ET

What effect will the economy have on the election?

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(PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

U.S. stock markets followed overseas markets as the global equities meltdown continues with another sharp decline. Overnight last night stocks fell almost 10% in Tokyo and more than 8% in Hong Kong. European markets didn't fare much better.

Investors around the world are becoming more and more convinced that a long, deep recession is beginning.

They're probably right.

The U.S. economy has lost jobs for nine straight months with no end in sight– more than 760,000 slashed from payrolls so far this year. Another devastating jobs report is likely on November 7, three days after we elect our next president.

The housing crisis isn't letting up either. More than 81,000 homes were lost to foreclosure in September alone. There are no signs things are about to get better any time soon…regardless of what happens on Election Night.

Here’s my question to you: How much will troubling economic news influence what happens on Election Day?

Interested to know which ones made it on air?

FULL POST


Filed under: 2008 Election • US Economy