Gold Up Big After Fed Announces QE 2

As The Federal Reserve puts hundreds of billions of dollars into the economy, diluting the money supply, and lowering the value of the US dollar, gold is turning into an attractive way to hedge again possible future inflation. Although inflation is not a worry today, fears that the billions of dollars in extra money supply will eventually raise everyday prices, has really helped the precious metal. Commodity prices are already rising, meaning that everyday prices of goods will also too eventually rise, lowering the spending power of the dollar.

Over the last 12 months the price of gold has risen a staggering 25%, or $286.90 per ounce. Other precious metals are also all up this morning including platinum and silver.

Paul LePage

Out of the over 500,000 votes reported, Paul LePage received 215,459 (38%), while Eliot Cutler finished second with 205,583 votes (37%).

The Democratic candidate, Libby Mitchell who was trailing in the polls prior to the election by quite a lot received 107,697 votes (19%).

Paul LePage, a 62 year-old business man, and current mayor of Waterville, Maine will assume office as the state’s governor in January of 2011. He will take over for Incumbent Democrat John Baldacci, who had served as Maine’s Governor since 2003.

California Prop 19

If Prop 19 were to be approved, the state would have legalized marijuana and been allowed regulate and tax the nationally prohibited drug. Supporters of the proposition suggested that legalization would help the state, which currently is having an extremely difficult time with finances, raise the much needed additional funds.

Those that were against the proposition tended to feel that the drug should not be allowed to be used in the same way ordinary cigarettes are smoked.

The majority of California’s counties voted against Proposition 19, with the exception of 10 counties on the states western coast, and two counties on the states eastern border. The counties that voted in support of legalizing marijuana were: Sonoma, Marin, Alameda, San Francisco, San Mateo, Santa Cruz, Monterey, San Luis Obispo, Santa Barbara, Alpine, and Mono. All the other counties voted “no” on Prop 19.

Missouri

All but one county in Missouri favored Roy Blunt over Carnahan. Jackson county was the only county in the state to support Robin Carnahan over Blunt.

Just about 100% of the election votes have now been reported, and Blunt has defeated Carnahan with 54% of the votes to Carnahan’s 41%. Leading up to the 2010 election, Carnahan was trailing Blunt in all of the major polls since the primaries ended. Most people expected the Republican to win the seat, and he did.

Blunt will succeed Republican Kit Bond and take office on January 3, 2011.

Wisconsin Election

For the Wisconsin Gubernatorial race, Republican Scott Walker has defeated Democrat Tom Barrett to become Governor of the state.

2010 Wisconsin Gubernatorial Election Results:
Walker won with 52% of the votes, over Barret who got 47%. Well over 2 million people voted in the state of Wisconsin this year.

For the Senate race, which was also extremely tight up until the end, Republican Ron Johnson defeated Incumbent Democrat Russ Feingold to take over his senate seat.

2010 Wisconsin Senate Election Results:
Johnson won with 52% of the vote, over Feingold who had 47%.

Both major office seats have changed political parties. They previously were held by Democrats but now will be occupied by Republicans.

Amendment 4

Basically, the amendment wanted to make it so that a special ballot would have to be set up for the public to vote on changes made to land-use plans. The Amendment would have given Florida voters the right to make more decisions when it came to city and county comprehensive land-use plans in the state. However it would have also cost taxpayers more money in order to have these special ballots set up, as well as up to 200,000+ jobs.

Amendment 4 needed 60% of voters to vote “Yes”. The results have now come in and 67% of voters voted “No” on the Amendment, thus nothing will change when it comes to comprehensive land use plans.

Texas Elections Results Indicate Rick Perry Has Won

The election for Governor of Texas included incumbent Republican candidate, Rick Perry, against rival Democrat Bill White. With 99% of all votes accounted for in Texas, Rick Perry has won 55% of them, which Bill White walked away with 42% of the vote. In total Perry received 2,733,784 votes to White’s 2,102,606. Perry is just one more Republican in the US winning a Governor’s race, after their party also dominated in several key Senate and House elections.

Elsewhere within Texas politics, 32 seats in the House were up for grabs. Out of the 32 district votes, 23 Republicans won, while just 9 Democrats walked away victors. There were several blowouts as election results began coming in. District 1 went to Republican Louie Gohmert who commanded 90% of the vote. District 2 also went to a Republican, Ted Poe, who garnered 89% of the vote. Overall the Republicans have to be feeling pretty good about themselves after many key victories in Texas.

Garth Brooks

The concert will be Brook’s first full concert in over 10 years. Tickets to the event are expected to sell out very quickly. They may be purchased online at TicketMaster.com or over the phone by calling 800-745-3000. Also at the Bridgestone Arena box office on Friday from 10:00 A.M. until 5:00 P.M., you will be able to obtain a special wristband that will guarantee a place for you in line to purchase a ticket on Saturday morning before 8:45 A.M.

Tickets to the concert are set a $25.00 + $7.50 in fees if you purchase through TicketMaster. Whether there will be additional ticket options is not known, but most likely there will be additional pricing options available.

Did Harry Reid Steal the Nevada Election?

Four pre-election polls, just days before Tuesday’s elections indicated that Angle was ahead of Reid. A Rasmussen Poll conducted Monday showed Angle leading Reid 48-45, while a poll conducted by Public Policy Polling showed Angle ahead 47-46, which was also conducted on Monday, the day prior to the elections. A recent article on Prison Planet asks if Reid did in fact steal this election, bringing up the point that early voting in Clark County showed that some machines may have automatically checked Harry Reid’s name on ballots.

Maybe there will be an investigation into voter fraud, but the likely cause of the discretions are probably just polling errors. There were several pre-election polls in other states which ended up a far cry from the actual election results. For instance, in the Florida Governor’s race, most late polls indicated that Alex Sink was slightly ahead of Scott, however Scott has walked away the victor. In the Illinois election for Governor, Bill Brady was predicted to win by several points, however, it looks like Pat Quinn may in fact walk away the victor.

Is it possible that Harry Reid may have somehow rigged machines and stole this election? Sure. Is it likely? No.

Connecticut Election Results

For a recount to be made, a candidate would have had to win by 2,000 or fewer votes, thus the Ex-Mayor of Stamford, Connecticut will become the new Governor of Connecticut.

Polls prior to the Connecticut election showed an expected close race, with a slight edge to Republican Tom Foley. However, Malloy looks to have pulled out a minor upset.

While it looks as though Malloy has won the election, Tom Foley has yet to concede the race until his campaign can look over the numbers to come to a conclusion.