Follow the Money

 
That old Watergate adage may dictate the 2010 elections. Democrats – both in Raleigh and Washington – may follow the money straight to big-time mid-term defeats.
 
Sometimes at the beach, two waves merge together to make a big wave that about drowns you. That may happen next year.
 
Nationally, the NBC/Wall Street Journal poll suggests that moderate and independent voters are becoming more and more concerned about the level of federal spending. And health-care reform could add another $1 trillion. Obama is still popular, but the poll numbers should worry the White House and Congress.
 
In North Carolina, Democrats are about to walk the plank on $1 billion-plus in new taxes. All my Democratic friends say legislators need to show some “courage,” raise taxes and protect education and health care.
 
Well, who’s going to protect education and health care if Republicans win the House or Senate – or both – next year?
 
One perceptive Democratic legislator took issue with my analysis that the party – and Governor Perdue – have to choose between making Democrats mad over budget cuts or Republicans and Independents mad over tax increases. Actually, he said, we’re probably going to make both sides mad.
 
That – on top of the continuing Easley saga – could spell trouble next year.
 
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Gary Pearce

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Follow the Money

 
That old Watergate adage may dictate the 2010 elections. Democrats – both in Raleigh and Washington – may follow the money straight to big-time mid-term defeats.
 
Sometimes at the beach, two waves merge together to make a big wave that about drowns you. That may happen next year.
 
Nationally, the NBC/Wall Street Journal poll suggests that moderate and independent voters are becoming more and more concerned about the level of federal spending. And health-care reform could add another $1 trillion. Obama is still popular, but the poll numbers should worry the White House and Congress.
 
In North Carolina, Democrats are about to walk the plank on $1 billion-plus in new taxes. All my Democratic friends say legislators need to show some “courage,” raise taxes and protect education and health care.
 
Well, who’s going to protect education and health care if Republicans win the House or Senate – or both – next year?
 
One perceptive Democratic legislator took issue with my analysis that the party – and Governor Perdue – have to choose between making Democrats mad over budget cuts or Republicans and Independents mad over tax increases. Actually, he said, we’re probably going to make both sides mad.
 
That – on top of the continuing Easley saga – could spell trouble next year.
 
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Gary Pearce

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