Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Earthquake in Virginia

June 11, 2014 By Debbie Young

Despite a huge financial advantage, Eric Cantor lost to David Brat, an economics professor at Randolph-Macon College, in the Republican primary for Virginia’s seventh congressional district. Yes, Mr. Brat’s focus was on immigration, but he also hammered away at Eric Cantor on Mr. Cantor’s support of increasing centralization in education (Common Core), crony capitalism, and our exploding national debt. Read here in NRO John Fund’s analysis of why Mr. Cantor lost.

Eric Cantor’s loss is historic. No sitting House majority leader has lost an election since the office was created in 1899. While Cantor’s loss was a stunning surprise, the warning signals were around for a while:

1. Cantor managed to muddle his message on immigration. His direct-mail pieces claimed he was foursquare against amnesty. But the newspapers covering Washington, D.C., quoted him as saying he was seeking a compromise with President Obama on immigration. Voters resolved the seeming contradiction by deciding to vote out their establishment congressman. Cantor’s loss destroys any chance of a comprehensive immigration bill passing the House this year.

2. The majority leader outspent his opponent, David Brat, by $2.5 million to $40,000. Much of that money went to negative ads against Brat that turned off voters and were so vitriolic as not to be credible.

3. Cantor was also hurt by a subterranean campaign by Democrats to convince their supporters to vote in the Republican primary against Cantor. Apparently, some of them did.

4. Many constituents of Eric Cantor felt he had ignored them for years, rarely returning home and often ignoring them on key issues ranging from expanding Medicare prescription-drug benefits to TARP bank bailouts. The frustration boiled over at a May party meeting in his district, where Cantor was booed and his ally was ousted from his post as local party chair by a tea-party insurgent. “He did one thing in Washington and then tried to confuse us as to what he did when he came back to his district,” one Republican primary voter told me.

Related video:

Related Posts

  • Alert: Virginia Gun Rights Crisis
  • Can the GOP Take Virginia's Governorship Today?
  • Eurosceptic "Earthquake"
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • The Political Downside of Stoking Fear - February 26, 2021
  • Gov. Newsom Discovering the Power of the Pen - February 25, 2021
  • Don’t Let Its Name Fool You - February 24, 2021

Dick Young’s Must Reads

  • Why Some Kids Won’t Go Back to School, Ever
  • Does Big Government Create Poverty?
  • Yes! Money Can Bring You Happiness
  • Viktor Orban: No Immigrant Invasion for Hungary!
  • The Case for Individual Stocks: Now More than Ever
  • Ron Paul: “Freedom and Central Banking Are Not Compatible”
  • VIDEO: Carlson “Biden’s Fading Intellect an Opportunity for Democrats Who Want to Control Him”
  • Boom—Your Life Changes
  • You’ve Read The Last Issue of Intelligence Report, Now What?
  • “Some Sixty Million People Died in World War II”

Disclosure

RSS Youngresearch.com

  • Welcome to the Interest Rate Prediction Business, JACK!
  • Democrats Have a Plan: Don’t Get Too Attached to Your Capital Gains
  • Petrified Snow/Ice Fishing? How about a Boat? and More
  • Bubble in Tech Stocks Will Cause “Clean Out” in Markets
  • COVID Chaos: New York and California vs. Florida and South Dakota
  • Time for the Fed To Stop Babying the Bond Market
  • Richard Young Reports: 50+ Years with Fidelity and Wellington
  • Deep Survival, Who Lives, Who Dies, and Why
  • Herd Immunity by April?
  • Corporate Bond Yields: What You Can Earn Today

Neither Cancel Culture nor COVID Can Shut Down CPAC

The Political Downside of Stoking Fear

Welcome to the Interest Rate Prediction Business, JACK!

Has Bill Gates Been Injected Yet?

Fauci Doesn’t Own Your Face

Gov. Newsom Discovering the Power of the Pen

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives