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Commentary > The Dobbs Report
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Watch mid-term elections
Lou Dobbs explains why incumbents should be very worried about their political future.
October 2, 2002: 8:21 AM EDT
By Lou Dobbs, Lou Dobbs Moneyline

NEW YORK (CNN/Money) - This could turn out to be quite a mid-term election. With Senator Torricelli withdrawing from the election, it now appears the Democrats' control of the Senate is every bit as much at risk as that of the Republicans in the House.

And every poll shows voters thinking more about the possibility of war with Iraq than the health of the economy.

Political strategists tell us no matter which issue dominates the minds of voters, there's a strong anti-incumbent sentiment among voters this year. It's not pro-Republican or pro-Democrat, just plain anti-incumbent. And as usual voters may be showing far more intelligence than they're generally given credit for by either party. As if voters never notice when Congress does nothing.

One public interest group notices. Citizens Against Government Waste points out that as of today, the first day of the government's new fiscal year, Congress has not passed a single appropriations bill to fund the government for this year. And the Senate hasn't even passed a budget.

Now, I don't want to be too critical of the Republicans and Democrats in the House and the Senate because there are lots of important issues to distract them from minor items like funding the government. There's the War on Terror, Middle East tensions, and economic uncertainty... but wait, they haven't acted on Homeland Security, the Energy Independence bill, bankruptcy, or prescription drug legislation either.

So perhaps it's something else. Perhaps it has something more to do with that mid-term election. If so, I hope that voter sentiment stays strong right through election day.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.