What happens in the Congressional mid-term elections can potentially impact how the market plays out over the next few years. So as distasteful as it may be, we must occasionally look at issues affecting the body polity.
The White House is now playing the Gay Marriage card again, only this time to what appears to be a totally indifferent electorate. I suspect it is working against them and will backfire. Why? It makes them appear to have no conception of what is actually important to the nation. If the governing party cannot prioritize what matters most, how can they effectively govern?
How has the GOP become so tone deaf? Gay marraige is not in the top 10 issues, and may not even be in the top 25. It looks like a mere election ploy. High gas prices, Terrorism, The Iraq war, the Federal Deficits, rising interest rates, employment concerns, Eavesdropping/Privacy concerns, Inflation, Iran getting the bomb, torture allegations, the stock market, bird flu, increased hurricaine activity, rebuilding New Orleans, social security, Tax reform, health insurance, corporate scandals, outsourcing, national security, trade deficit, our global reputation — these are the priorities of most Americans.
Incidentally, whatever happened to that guy Osama bin Laden? Have we given up on him? Maybe if he married a dude, we would really go after him.
But I digress. What I wanted to do was show the WSJ’s survey of Constitutional Amendment priorities:
Over half the respondents don’t thonk we need any new amendments to the U.S. Constitution. Flag burning gets 1%, and "something else" gets 4%.
Gay marriage gets all of 12% — it is a hard core base issue, but nothing more.
A balanced budget amendment gets 21% — significantly higher than Gay Marriage. A Privacy Rights amendment, at 11%, is neck and neck with Gay Marriage.
Which issue most needs to be addressed with a constitutional amendment?
WSJ Poll, June 6, 2006