Blue Wave Crashes: Democrats' Hopes For Senate Majority Fizzle; House Margin Eroded

  • Written by Zero Hedge
  • Published in Economics
Blue Wave Crashes: Democrats' Hopes For Senate Majority Fizzle; House Margin Eroded Tyler Durden Wed, 11/04/2020 - 09:09

What 'Blue Wave'?

While 9 states are still waiting on final vote counts in the presidential race, it's already clear that Tuesday was not the blowout Democratic victory that Nate Silver and a legion of other idiot pundits had expected.

Joni Ernst

Despite the legion of celebrities and models urging their followers to 'get out and vote' by posting selfies with their 'I voted' stickers and/or (in one notorious campaign) posing nude for risque adverts (oh to have been a fly on the wall during that pitch meeting), all the 'vote now' merch in the world couldn't deliver the Senate Majority that Wall Street had pinned its hopes of a sweeping stimulus deal upon.

To be sure, the Dems managed to flip a couple of high-profile seats; but the majority of "threatened" Republican Senators (and remember, there were a lot of them) managed to fend off deep-pocketed Democratic rivals.

Here's a roundup of where things stand as of Wednesday morning in New York (courtesy of the NYT & Bloomberg):...

  • Democratic Senate candidates were running slightly behind Biden in several states, making it difficult for the party to retake Senate control.
  • Republicans flipped one seat: Tommy Tuberville beat the Democrat Doug Jones in Alabama. Gary Peters, the Democratic incumbent in Michigan, is locked in a close race with his Republican challenger, John James; it will depend on the outstanding votes.
  • Democrats flipped two seats: John Hickenlooper defeated Gardner in Colorado, and Mark Kelly defeated McSally in Arizona.
  • In Iowa, Senator Joni Ernst, a Republican, won re-election. Republicans also won races in Montana, South Carolina — where Lindsey Graham

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