TARP Dems win tough races in NYC bedroom communities

Call them the TARP-Dems: Democrats near New York City who voted for, or otherwise supported the Wall Street bailout, and don’t apologize for it.

I wrote last week that around NYC, TARP was not a negative like it was in the rest of the country. This means there’s not as much anti-Democrat passion there as elsewhere. I checked in on the races of Jim Himes and Chris Murphy in Connecticut, and Tim Bishop in Long Island, and drew this conclusion:

Upper-middle class baby boomers in Fairfield and Suffolk counties may resent congressional waste, overspending, and corruption as much as the next guy, but they can’t really get worked up about the Troubled Asset Relief Program, because that might have just saved their retirement.

Himes says his constituents tolerate bailouts because they are “very well educated.” Whether it’s the extent of their education or the portion of their net worth in the stock market, these voters don’t get upset about the TARP.

That could save Bishop, Himes, and Murphy.

Well, all three of the TARP Dems won last night, as did Dick Blumenthal, the Democrats’ Senate candidate. On the other hand, New York John Hall and Mike McMahon both lost. But all, in all, I think my TARP observation held up.

Just Posted

Community-led efforts to monitor air quality in Bayview, Eastern neighborhoods gain traction

San Francisco community groups are working to install high-quality sensors in the… Continue reading

Homeless shelter opponents use attack as ammunition in fight against city

A week after being attacked outside her condo building near the Embarcadero,… Continue reading

Fire department drill finds traffic around Chase Arena could slow response time

For years, some have feared the future home of the Golden State… Continue reading

Did Scoot ‘redline’ SF neighborhoods? Chinatown group says ‘we asked for it’

The talk of the transportation world is a Los Angeles Times story… Continue reading

New hires solve SF school crossing guard shortage — for now

San Francisco has gone on a school crossing guard-hiring binge, hoping to… Continue reading

Most Read