Democrats scored some noteworthy wins today. They pushed the nuclear arms treaty with Russia past a Republican hurdle. They adopted Internet rules that Republicans and some big media companies called unwarranted, excessive and maybe even illegal.
But it’s hard for Extra to call this a good day for Dems. Republicans have promised to unravel everything from Tuesday’s net neutrality decision at the FCC to Dodd-Frank and Obamacare. They’ve pushed the fight over government spending into 2011, when they’ll run the House and have more leverage in the Senate. That means regulators won’t get the extra funds they’ve requested to tighten oversight of Wall Street, as Mary Schapiro lamented to Reuters today.
Lest you think Extra’s too short-sighted, too focused on 2011, consider what could be the most politically significant news of the day — new Census data. Democrats cannot be anything but bummed by the Census showing a population shift from blue states to red ones. It means a redrawing of congressional districts that will likely add Republicans to the House. We won’t bog you down with the details, but just remember it’s the number of House seats that determines a state’s representation in the Electoral College