Election Day Recap

The 2012 elections are finally over, and the results are mixed. At the national level, President Barack Obama handily won re-election through our contorted Electoral College process. The popular vote, however, was much closer. This issue of the Electoral College should be revisited, although I doubt that it ever will.

The U.S. Senate, with a couple of races still too close to call, will remain under the control of Democrats. Indiana contributed to that control by sending former 2nd District Congressman Joe Donnelly to the Senate. Donnelly beat Indiana State Treasurer Richard Mourdock by 6 percentage points. The race had been a close one and appeared to turn in Donnelly’s favor following Mourdock’s comments regarding abortion and rape during the last debate.

In the U.S. House of Representatives, Democrats will add four seats, but the House will remain in Republican control. In order for our elected officials to solve some of our many problems, particularly fiscal issues, Speaker of the House John Boehner and President Obama must find common ground. Failure to do so could jeopardize our nation’s status as a world leader.

At the state level, former Republican Congressman Mike Pence and his choice for lieutenant governor, Sue Ellspermann, won the race for the governor’s office, with 49.6 percent of the vote. Final tallies for the other candidates were: 46.4 percent for Democrat John Gregg, and 4 percent for Libertarian Rupert Boneham.

The Indiana Senate will retain its walkout-proof majority of Republicans, but will have four new faces. The big news of the night was that the Indiana House of Representatives will now have a walkout-proof Republican majority of 69-31 over Democrats. Indiana House Speaker Brian Bosma will have a decidedly more difficult task of managing the different factions within his new caucus. Twenty-three new faces will take the oath of office in the House.

The Indiana Bankers Association is encouraged by discussions regarding our agenda with the new governor. Regardless, the IBA will continue to work on behalf of our members, advocating for an environment in which banks and their communities can succeed. Meanwhile, we can all watch television again without the barrage of scurrilous campaign commercials!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: