When The Music Stops Will There Be 60 Democrats Sitting?

Today we will take a break from the presidential race and take a look at the Senate races that are occurring this fall. While they have garnered far less attention in the national media, the break down of Senate members is a critical factor in the ability of a president to get anything done.   

The magical number that is required to get anything real done in the senate is 60 votes. This is because it takes 60 votes in the Senate to invoke cloture and end debate. As the Senate is designed to be a more deliberative body than the House, the rules for debate in the Senate are much less structured than in the House. Consequently, a single senator can prevent all senate business from occurring by refusing to yield the floor. If 60 of his/her colleges disagree with the filibuster, they can vote to end debate by invoking cloture.   

The net result is, in order to get any major or controversial piece of legislation to a vote in the Senate, the majority party needs to have 60 reliable votes so that it knows it can end debate and get a vote on a bill. Based on the current breakdown in the Senate, if the democrats can take nine seats currently held by republicans in the fall, they will reach the magical number of 60.   

It is important to note that the democrats actually have only 49 members in the Senate currently, but the two Senate independents caucus with the democrats, which give them 51 votes on procedural matters. On top of this, one of the independents is Joe Lieberman, who has angered many democrats for his support of Bush and McCain. Thus, in reality while the math may say nine seats, there is the chance that the democrats will really need ten seats to switch party lines, without losing any of their seats that are up for grabs.   

So the $64,000 question is can they do it?   

There are several factors to consider. First, only a third of the Senate is up for election at a time. So only 34 seats are actually up for grabs (the extra seat is a special election in WA). Second, of these seats, 22 are currently held by republicans, and 12 by democrats. Thus, more republicans are up for reelection this time around than democrats. With such a high number of republicans up for reelection it is unlikely that all 22 seats will remain republican.   

A third factor to consider is the number of incumbents that are rerunning in these 22 republicans seats. The incumbent advantage is well documented in the Senate. According to latest data, about 85% of incumbents win reelection. So, while it is not impossible to knock off an incumbent in a reelection, the odds of the democrats winning a previously held republican seat drastically improve for elections in which a republican incumbent is not running. In examining the 22 republican seats up for election, seven do not have incumbents (CO, ID, MS, NM, NE, VA, WY). Of these seven, only CO, NM, and VA are states that are not solidly republican.   

The last aspect to consider is in what states the 22 republican seats are from. Clearly, it should be easier for a democrat to be elected to the senate from a “blue state” than a “red state,” where blue and red are defined in how they voted in the 2004 Election. Taking a look at the 2004 Election map, of the 22 republican seats, only two (MN and ME) are from blue states in 2004.   

Taking all of this together, while it seems that the democrats will pick up seats in the Senate, it is unlikely to be the nine (or ten) needed to reach 60. It is much more likely to be 3-5 seats. The reason for this is simply that while there are vastly more republicans up for election and a lot of republican retirements, these seats are predominantly safe republican seats from states that reliably vote republican. Of the 22 republican seats, 14 are very safe for republicans, with polling numbers all above 90% that a republican will be elected.   

This is not to imply that it is impossible, just highly unlikely. The current polling, while not as frequent as for the presidential race, backs up this analysis. If the race was held today, based on current polls, the democrats would hold on to all of their existing seats and gain seats from CO, AK, NH, NM, and VA. Thus, they will shift their majority from 51 to 56. Between these five pick-ups and the 14 safe seats, this only leaves 4 other races (NC, MN, OR, MS) out there. While republicans in these races are not up by the 90% mark, they are all leading by about 70%. Since the democrats would have to win them all to get to 60, it seems unlikely to happen.  

Thus, while the democratic majority in the Senate will increase, it will still be short of that magical number 60.  

Let's Play a Word Association Game

The continued bad news from the financial markets has clearly shoved the economy into the limelight as one of, if not the key issue in this election. Many pundits believe that this has the potential to shift the race in Obama’s favor. I happen to agree with this sentiment, but it is important to understand why; the reasoning is not as simple as it may seem.   

The traditional logic of the economy and presidents is that since the president is the only nationally elected official, he is held (rightly or wrongly) accountable for the overall wellbeing of the national economy. In many ways, the president is kind of like a quarterback in football: when things go right he gets too much credit, and when things go wrong he gets too much blame. The key fact to remember is that while a president is a critical player in the health of the economy, he is still only a single person among many other players in the game. Thus, he can make all the right choices and still get stuck with the blame for other players’ poor performance.   

Rather then trying to actually assess how much blame we should attribute to the Bush administration for the current economic crisis versus mistakes made by key finical institutions, it is more important to examine how the current set of events is likely to be interpreted by likely voters in November. Intuition may suggest that if people are personally feeling the pinch of a bad economy (i.e. they suddenly have less in their purses or wallets than they did previously), they should hold the party in power of the presidency responsible and vote for the opposing party’s candidate.    

However, most reputable research disputes this theory. Rather than voting based on ones own economic situation, the vast majority of voters tend to vote based on what they perceive as the general condition of the economy as a whole. This raises several important questions regarding the current election.   

The first is that for the first time in the history of the United States, most adults have some stake in the stock market. Either as a result of personal stocks or retirement funds, peoples’ well-being is much more closely tied to the welfare of the stock market than ever before. The result is that even if the overall fundamentals of the economy are strong, if people perceive that the overall stock market is in crisis, then the nation is in a national economic crisis. Thus, using the same logic as before, if people perceive a national crisis in the stock market, which I think most currently do, they will likely vote democrat in November.   

The second aspect that is unique to this financial market crisis situation is that in some ways the republicans are guilty of their own image success. In terms of associations, if you asked most people which party they associate with big business or Wall Street, they will say republicans. Thus, even though the Republican Party is not probably directly responsible for the current finical situation, republicans are guilty via association.   

If this association theory is correct, then all Obama should have to do to win on this key issue is to hammer on this association and pose the question “who you would rather have clean up this mess: the people who are in bed with big business or an outsider who knows what is right?”  

The third aspect to take note of is that in terms of the abilities of the candidates, McCain will be hard pressed to win an election that is based on the economy. McCain’s best chance of winning this election is to keep the agenda on national security, experience, and social conservative issues. He has almost no experience with economic issues and his age, race, income (via his wife), and own statements on the economy all make him ill suited to play the understanding white knight to the rescue.   

This is not to imply that Obama would actually do a better job at attempting to resolve the situation. That question will largely be the result of what kind of economic teams are put in place by the respective candidates. But actual chance of success is much less important in the economic arena of politics than association with ability. On this count, Obama is clearly far out ahead of McCain.