Politics

President Obama won re-election primarily because he did so well with two key, and expanding, constituencies: Hispanics and members of the Millennial Generation. Throughout the campaign, Democratic pundits pointed to these two groups as being the key difference makers. They were right.

Let’s start with Hispanics, arguably the biggest deciders in this election. Exit polling shows Obama winning this group — which gave up to two-fifths of their vote to George Bush — by over two to one. In 2008, Obama improved his winning margin with Latino voters from 67% in 2008 to 69% in 2012. And for the first time they represented 10% of the overall electorate.  read more »

Along Phillips Avenue, the main street of Sioux Falls, South Dakota, the local theater’s marquee is a tribute to the late Senator and 1972 presidential candidate George McGovern, who was buried last month, and is still regarded as a hero by many here. But with McGovern gone, it seems that the Democratic tradition of decent populism he epitomized was being interred along with him.  read more »

President Obama’s disdain for suburban America has been well-documented. Yet, ironically, the current revival in housing, largely in those same suburbs, might be the one thing that could rescue his floundering campaign. Unlike the Democrat-dominated central cities and the rock-red Republican countryside, the suburbs remain the country’s primary contestable territory.  read more »

The middle class, we’re frequently told, decides elections. But the 2012 race has in many ways been a contest between two elites, with the plutocratic corporate class lining up behind Mitt Romney to try and reclaim its position on top of the pile from an ascendant new group—made up of the leaders of social and traditional media, the upper bureaucracy and the academy—that’s bet big on Barack Obama.  read more »

There may be no better illustration of President Barack Obama’s appeal than his ability to hold onto voters — minorities, single moms and young people — who have fared the worst under his presidency. But the bigger question as we approach Election Day may be whether these constituencies, having been mauled by the economy, show up in sufficient numbers to save the presidential bacon.

Welcome to the politics of disappointment. Much has been said about the problems facing the middle class, who have been losing out since the 1970s. But the biggest recent losers have been groups like African-Americans. In the current economic downturn, middle class African-Americans have lost virtually all the gains they made over the past 30 years, according to the National Urban League. Median annual household income for blacks decline by more than 11 percent between June 2009 and June 2012, according to the Census bureau, twice the loss suffered by whites.  read more »

One of the more curious developments in American politics over the last two decades is the political malpractice of Republicans in dealing with Hispanic-Americans.  Indeed, it now appears that the 2012 election may well be determined by the share of the Latino vote that Governor Mitt Romney is able to keep from falling into President Barack Obama’s column.  read more »

There is general agreement that smaller units of government are more responsive and accountable to their electorates. However, proponents of larger governments often claim that this advantage also creates   higher spending and tax levels. On this basis, bigger-is-better proponents often suggest consolidating local governments to save money. Such calls have increased in recent years, with the unprecedented fiscal difficulties faced by governments from the federal to local level.  read more »

Whether or not Mitt Romney makes it to the White House, his candidacy signals that Mormons have arrived in American political life. Just as President Obama’s nomination and election marked a sea change in the country’s tortured racial history, so Romney’s nomination has changed religious boundaries that have persisted for more than 160 years. No religious group has been more persecuted by the U.S. government, or more derided by other faiths present in the country, than the Church of Jesus Christ of Latter-day Saints (or the LDS Church, as many Mormons refer to it).  read more »

President Obama brought up Planned Parenthood three separate times at Tuesday’s town hall debate. It was an appeal aimed directly at a key part of his base: If he is reelected, it will be because of the Single Nation. 

Democrats have woken up to the huge political rifts that have emerged over the past 30 years—between married and single people, and people with kids and those who don’t have them. And save African Americans, there may be no constituency more loyal to the president and his party than the growing ranks of childless and single Americans.   read more »

High land prices have all but killed the Australian housing industry.

Lower housing starts has led to lower GST revenues (house construction attracts full GST) and lower stamp duty receipts are crippling state budgets and cruelling the chances of low and middle income earners to get a start in the housing market.

What has caused this slump in housing starts? Land prices.  read more »