Election 2014: post-mortem

Why did it turn out the way it did?

• electoral map
• midterm bias to GOP base (turnout)
• voters unhappy with personal economic experience.
• reversion to mean on social issues - especially male response to gay marriage, women's issues

Whose interests are served by outcome?

• the 1%, especially the 0.1%
• megacorps (corporate tax reduction)

What policies are likely to be advanced?

• corporate tax reduction

What policies will now be delayed or reversed?

• ObamaCare (McConnell means what he says)
• Carbon control
• Immigration changes
• Economic equality agenda
• Bank and finance controls
• Disinflation response

What are implications for 2016?

• Probably helps Dems

What do I think?

• Disappointing, not surprising.