It Was the Economy
In his Smart Money column, Don Luskin hits the nail right on the head. Excerpt:
If voters wanted bigger and more intrusive government, more regulation, and more welfare, they should have voted for Republicans in a landslide. It was a Republican Congress that put the regulatory nightmare of Sarbanes-Oxley in place, that outlawed online wagering, and that created the catastrophically expensive Medicare prescription drug benefit. The Republican Congress also presided over a massive increase in overall government spending.
Voters may hate the war in Iraq. They may hate corruption. But I think they also hate the way the party that historically talks about smaller government and fiscal responsibility has gone on a regulating-and-spending binge.
