There’s an off-year election today in the United States. There are no contests for the White House or Congress, but that doesn’t mean there aren’t any important choices being made.
I say that notwithstanding the fact that the big races between politicians at the state and local level aren’t expected to be close.
Governor Christie in New Jersey is poised for a landslide victory in his race for a second term. The only interesting aspect of this race is whether he will use his reelection as a springboard for a run at the White House in 2016. That my please you, depending on whether you focus on his rhetoric(here and here) or his record (here and here).
Bill de Blasio is going to be elected Mayor of New York City, replacing a politically correct Napoleonic busy-body (see here, here, here, here, andhere) with a hard-left statist. I expect many productive people will be fleeing in the next few years. Given what will happen, I suspectDetroit-on-the-Hudson will be the future name of NYC.
Get the Market Movements in Advance: William's Edge Webinar for Wednesday, March 12th, 2014 | John Ransom