After what seems like forever, it’s finally Wisconsin Recall Eve. Regardless of what happens tomorrow, one thing’s certain: If you’ve had any doubts about the growing nationalization of elections, wash them away now. All politics may be local, but people in D.C.—whether journalists, politicians, or billionaire dilettantes—have found that they can have an outsized influence on the national stage by investing in state and local races.
It's three days after the dismal May jobs report, and now that politicians are done trying to frame those 69,000 jobs added in their favor, it's time for them to figure our how to get the economic ball rolling again.
Only five more days till the Wisconsin recall, and surprisingly—given Governor Scott Walker’s advantage thus far on the money and polling front—it looks like it’s going to be a tight match. But as exciting as the race will be, that doesn’t mean it’s time to crown it the Great Predictor of the 2012 Presidential Election. This isn’t a referendum on President Obama, and the petri dish of local politics on display in Wisconsin isn’t translatable to the national level in the way political journalists and commentators want it to be. However, there is one way the Wisconsin recall can be seen as the pre-party to November.
Housing prices fell again in March—but barely—stirring hopes that perhaps the market may finally be on the rebound. “We’ve turned the corner,” said Scott Brown, chief economist at Raymond James & Associates. “This was always going to be a very gradual process. No one expected a real sharp housing recovery.”