The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts. The superb Yahoo Finance website was also utilized heavily.
These 133 California Companies had their average stock market price increase by an exceptionally robust 60% over a very short 24 month average period of time that their common stocks traded from their IPO date through the most recent date March 14, 2014.
When you think of California you think Technology and the San Francisco Bay and Silicon Valley areas. Thus it only makes sense that the drivers of this exceptional 60% California average stock market price growth are the Technology and Biotechnology Industries.
There were an amazingly high 57 California Technology Company IPOs with a Market Capitalization of more than $100 mil currently or sold for more than $100 mil during the Obama Administration so far.
These 57 California Technology IPO Companies posted an extremely high average stock market price increase of 73% for the very short 26 month average period of time from IPO dates to March 14, 2014.
Of those 57 California Technology IPO Companies, 50 of them are in the San Francisco Bay and Silicon Valley areas. And these 50 had an average stock market price increase of an even higher 80%.
Of the 57 California Technology IPO Companies, the 16 Application Software Companies had an average stock market price increase of 103%, the 11 Semiconductor Companies up 93%, and the 5 Internet Information Providers (Yelp!, Open Table, LinkedIn, Facebook and Twitter) up 122%.
There were 2 California Technology IPO Companies .....SolarCity and WageWorks..... which generated stock price growth above 500%, 2 more above 300% growth and 6 more above 200% growth. Thus altogether there were 10 of them that had their stock prices more than triple and over a very short period of time.
And altogether there were 20 of these 57 California Technology Companies filing IPOs so far during the Obama Administration that had their stock prices more than double over the very short period from IPO dates to March 14, 2014.
And there were 2 California Companies filing IPOs during the Obama Administration which are not included in the 57 California Technology Companies but which had very substantial Technology components to their businesses and which also have experienced huge stock market price appreciation..... Palo Alto-based Tesla Motors up 863% and Sunnyvale-based Financial Engines up 241%.
It's pretty clear that a combination of the Obama Administration, Governor Jerry Brown, Nancy Pelosi, Dianne Feinstein and Barbara Boxer all played instrumental roles in facilitating this amazing California Technology Explosion of IPOs in both number and in Stock Market Price Appreciation.
The 20 California Biotechs filing IPOs so far during the Obama Administration did even better with an average stock market price appreciation of a phenomenal 96%, especially so since this was generated over an extremely short 13 month average period of time from IPO dates to March 14, 2014.
Twelve of these 20 California Biotechs are located in the San Francisco Bay and Silicon Valley areas.
Four of the 20 California Biotechs had their stock market prices more than triple over the extremely short period of time their common stocks traded from IPO dates to March 14, 2014. And 7 of these, or 35% of the California Biotechs, had their stock market prices more than double.
The US State with the second most Biotech IPOs so far during the Obama Administration was Massachusetts with 13. After that, there is a substantial drop down to North Carolina's 3.
The same cast of characters.... the Obama Administration, Governor Jerry Brown, Nancy Pelosi, Dianne Feinstein and Barbara Boxer .....all played instrumental roles in facilitating this amazing California Biotech Explosion of IPOs in both number and in Stock Market Price Appreciation.
There were 12 California Health Care Companies other than Biotechs which filed IPOs so far during the Obama Administration. The average stock market price increase of these 12 was a robust 47% over the very short 23 average period of time from IPO dates to March 14, 2014. Three of these 12 had their stock market prices more than double.
It is very difficult for me to understand why most Republicans assert that Obamacare is crushing Health Care Companies. Just look at just how well the stock prices of the above IPO California Biotech and Other Health Care Companies have done.
Let me also mention several other California Companies in other Sectors which filed IPOs so far during the Obama Administration and did quite well on the stock market price front.
I already mentioned above Tesla Motors 863% stock market price growth and Financial Engines's 241% growth.
Oakland-based Pandora Media, a fabulous Radio Broadcasting Company, had its stock market price more than double over the short 33 months its stock has traded.
Corte Madera-based Retailer Restoration Hardware Holdings had its stock market price increase by an incredible 97% since its IPO, which was just 16 months ago.
First Republic Bank, a very well run San Francisco Bank, had its stock market price increase 89% over the 39 months its stock has traded.
Bringing down the 133 California IPOs overall average stock market price growth of 60% were the 9 California REITs also filing IPOs which had an average stock market price increase of a much lower 14%. This lower stock price growth for US REITs only makes sense because REITs are required to distribute annually at least 90% of their taxable income in order to retain their federal tax-exempt status.
To illustrate just how significant the San Francisco Bay and Silicon Valley areas are to the overall California economy and to the growth of it, of the 133 California IPOs filed so far during the Obama Administration, 86 of them, or 65% of them, are located in the San Francisco Bay and Silicon Valley areas and their average stock market price increased by a phenomenal 73% for the very short period of time from their IPO dates to March 14, 2014. On the other hand, the 47 IPOs located in the rest of California had their average stock market price increase by a much lower 37% from their IPO dates to March 14, 2014.
Below here are the stock market prices on the most recent date March 14, 2014 or the date the Company was sold and also at the close on the first day of the IPO, as well as the related Percentage Market Price Change for this period of time, for these 133 California Companies:
| 1st Day | |||||||
| 3-14-14 | IPO | % | |||||
| Stock | Closing | Market | |||||
| IPO | City | Market | Market | Price | |||
| Date | Company | HQs | Sector | Industry | Price | Price | Change |
| California IPOs During Obama | |||||||
| Technology | |||||||
| 12/13/12 | SolarCity | San Mateo | Technology | Semiconductor-Specialized | $73.79 | $11.79 | 526% |
| 5/10/12 | WageWorks | San Mateo | Technology | Management Services | $60.32 | $9.99 | 504% |
| 10/10/12 | Ambarella | Santa Clara | Technology | Semiconductor Equipment&Materials | $27.91 | $6.06 | 361% |
| 4/15/11 | Ellie Mae | Pleasanton | Technology | Application Software | $29.55 | $6.77 | 336% |
| 8/6/09 | Avago Technologies | San Jose | Technology | Semiconductor-Broad Line | $62.68 | $16.18 | 287% |
| 3/2/12 | Yelp! | San Francisco | Technology | Internet Information Providers | $86.79 | $24.58 | 253% |
| 2/10/11 | Fluidigm | South San Francisco | Technology | Scientific & Technical Instruments | $47.55 | $14.02 | 239% |
| 1/25/12 | Guidewire Software | Foster City | Technology | Business Software & Services | $52.27 | $17.12 | 205% |
| 4/20/12 | Proofpoint | Sunnyvale | Technology | Application Software | $42.56 | $14.05 | 203% |
| 10/14/11 | Ubiquiti Networks | San Jose | Technology | Wireless Communications | $52.71 | $17.50 | 201% |
| 3/17/11 | Cornerstone OnDemand | Santa Monica | Technology | Application Software | $56.12 | $19.07 | 194% |
| 11/18/09 | Fortinet | Sunnyvale | Technology | Application Software | $22.85 | $8.31 | 175% |
| 6/29/12 | ServiceNow | San Diego | Technology | Information Technology Services | $66.18 | $24.60 | 169% |
| 5/20/09 | OpenTable | San Francisco | Technology | Internet Information Providers | $81.66 | $31.89 | 156% |
| 11/9/11 | Imperva | Redwood Shores | Technology | Application Software | $60.68 | $24.00 | 153% |
| 11/16/11 | InvenSense | San Jose | Technology | Semiconductor-Integrated Circuits | $21.36 | $8.90 | 140% |
| 4/19/12 | Splunk | San Francisco | Technology | Application Software | $84.57 | $35.48 | 138% |
| 9/20/13 | FireEye | Milpitas | Technology | Application Software | $75.87 | $36.00 | 111% |
| 5/19/11 | Mountain View | Technology | Internet Information Providers | $196.78 | $94.25 | 109% | |
| 10/12/12 | Workday | Pleasanton | Technology | Application Software | $100.91 | $48.69 | 107% |
| 9/28/12 | Qualys | Redwood City | Technology | Application Software | $27.43 | $14.16 | 94% |
| 7/26/12 | E2open | Foster City | Technology | Application Software | $25.63 | $13.60 | 88% |
| 5/18/12 | Menlo Park | Technology | Internet Information Providers | $67.72 | $38.23 | 77% | |
| 4/21/11 | Responsys | San Bruno | Technology | Application Software | $26.98 | $15.40 | 75% |
| 11/6/13 | Barracuda Networks | Campbell | Technology | Communication Equipment | $34.69 | $21.55 | 61% |
| 5/17/13 | Marketo | San Mateo | Technology | Application Software | $35.14 | $23.10 | 52% |
| 7/20/12 | Palo Alto Networks | Santa Clara | Technology | Networking&Communication Devices | $76.79 | $53.13 | 45% |
| 9/20/12 | Trulia | San Francisco | Technology | Internet Service Providers | $30.99 | $24.00 | 29% |
| 12/13/13 | Nimble Storage | San Jose | Technology | Data Storage Devices | $43.78 | $33.93 | 29% |
| 6/12/13 | Gigamon | Milpitas | Technology | Networking&Communication Devices | $34.00 | $28.47 | 19% |
| 11/7/13 | San Francisco | Technology | Internet Information Providers | $51.92 | $44.90 | 16% | |
| 9/27/13 | RingCentral | San Mateo | Technology | Application Software | $20.60 | $18.20 | 13% |
| 3/30/12 | Enphase Energy | Petaluma | Technology | Semiconductor Equipment&Materials | $8.26 | $7.34 | 13% |
| 11/16/12 | Ruckus Wireless | Sunnyvale | Technology | Computer Based Systems | $13.05 | $12.25 | 7% |
| 5/24/11 | Active Network (The) | San Diego | Technology | Application Software | $14.49 | $15.90 | -9% |
| 10/16/13 | Veeva Systems | Pleasanton | Technology | Healthcare Information Services | $32.26 | $37.16 | -13% |
| 3/28/12 | Vocera Communications | San Jose | Technology | Communication Equipment | $16.57 | $21.03 | -21% |
| 3/13/13 | Silver Spring Networks | Redwood City | Technology | Computer Based Systems | $17.14 | $22.00 | -22% |
| 5/10/12 | Audience | Mountain View | Technology | Semiconductor-Integrated Circuits | $13.35 | $19.00 | -30% |
| 3/25/11 | ServiceSource International | San Francisco | Technology | Business Software & Services | $8.32 | $12.18 | -32% |
| 9/27/13 | Violin Memory | Santa Clara | Technology | Data Storage Devices | $4.58 | $7.02 | -35% |
| 5/13/10 | TeleNav | Sunnyvale | Technology | Scientific & Technical Instruments | $6.37 | $9.80 | -35% |
| 3/22/13 | Marin Software | San Francisco | Technology | Application Software | $10.42 | $16.26 | -36% |
| 2/2/11 | NeoPhotonics | San Jose | Technology | Semiconductor-Broad Line | $7.99 | $13.25 | -40% |
| 12/13/11 | Jive Software | Palo Alto | Technology | Application Software | $9.00 | $15.05 | -40% |
| 3/24/10 | Calix Networks | Petaluma | Technology | Communication Equipment | $8.71 | $15.10 | -42% |
| 12/16/11 | Zynga | San Francisco | Technology | Multimedia&Graphic Software | $5.46 | $9.50 | -43% |
| 5/4/11 | Boingo Wireless | Los Angeles | Technology | Information Technology Services | $6.52 | $12.10 | -46% |
| 3/20/13 | Model N | Redwood City | Technology | Revenue Management | $10.73 | $19.98 | -46% |
| 3/24/10 | MaxLinear | Carlsbad | Technology | Semiconductor Equipment&Matls | $9.45 | $18.70 | -49% |
| 2/11/10 | QuinStreet | Foster City | Technology | Internet Software & Services | $6.73 | $15.00 | -55% |
| 8/8/12 | Peregrine Semiconductor | San Diego | Technology | Semiconductor-Integrated Circuits | $6.21 | $14.71 | -58% |
| 4/29/10 | Alpha and Omega Semiconductor | Sunnyvale | Technology | Semiconductor-Specialized | $7.26 | $17.70 | -59% |
| 5/9/13 | CYAN | Petaluma | Technology | Computer Integrated Systs Design | $3.92 | $11.14 | -65% |
| 11/18/11 | Intermolecular | San Jose | Technology | Semiconductor Equipment&Matls | $2.73 | $9.50 | -71% |
| 3/31/10 | Meru Networks | Sunnyvale | Technology | Wireless Communications | $4.37 | $19.17 | -77% |
| 1/26/11 | Demand Media | Santa Monica | Technology | Internet Media&Domain Services | $4.56 | $22.68 | -80% |
| Average % Change all 57 Techs | 73% | ||||||
| Average Number of Months 57 Stocks Traded | 26 | ||||||
| Biotechnology | |||||||
| 11/24/10 | Anacor Pharmaceuticals | Palo Alto | Healthcare | Biotechnology | $21.16 | $5.09 | 316% |
| 5/9/13 | Receptos | San Diego | Health Care | Biotechnology | $50.80 | $14.00 | 263% |
| 11/15/13 | Relypsa | Redwood City | Health Care | Biotechnology | $43.62 | $12.24 | 256% |
| 4/4/11 | Ocera Therapeutics | San Diego | Healthcare | Biotechnology | $13.24 | $4.00 | 231% |
| 7/26/12 | Hyperion Therapeutics | Brisbane | Healthcare | Biotechnology | $27.42 | $10.11 | 171% |
| 10/4/12 | Regulus Therapeutics | San Diego | Healthcare | Biotechnology | $10.22 | $4.20 | 143% |
| 12/12/13 | Kindred Biosciences | Burlingame | Health Care | Biotechnology | $24.24 | $11.95 | 103% |
| 1/30/14 | Celladon | San Diego | Health Care | Biotechnology | $15.84 | $8.18 | 94% |
| 5/22/13 | Portola Pharmaceuticals | South San Francisco | Health Care | Biotechnology | $27.22 | $15.15 | 80% |
| 10/1/13 | Fate Therapeutics | San Diego | Health Care | Biotechnology | $11.15 | $6.62 | 68% |
| 12/3/13 | Xencor | Monrovia | Health Care | Biotechnology | $13.90 | $8.34 | 67% |
| 9/18/13 | Five Prime Therapeutics | South San Francisco | Health Care | Biotechnology | $18.75 | $13.08 | 43% |
| 1/31/14 | Ultragenyx Pharmaceutical | Novato | Health Care | Biotechnology | $60.00 | $42.25 | 42% |
| 2/6/14 | Revance Therapeutics | Newark | Health Care | Biotechnology | $37.76 | $26.85 | 41% |
| 5/16/13 | Ambit Biosciences | San Diego | Health Care | Biotechnology | $9.95 | $7.39 | 35% |
| 10/30/13 | Veracyte | South San Francisco | Health Care | Biotechnology | $16.95 | $13.25 | 28% |
| 7/18/13 | OncoMed Pharmaceuticals | Redwood City | Health Care | Biotechnology | $33.19 | $27.18 | 22% |
| 7/25/13 | Conatus Pharmaceuticals | San Diego | Health Care | Biotechnology | $11.10 | $9.50 | 17% |
| 2/8/12 | ChemoCentryx | Mountain View | Healthcare | Biotechnology | $7.13 | $11.00 | -35% |
| 10/27/10 | Pacific Biosciences of California | Menlo Park | Healthcare | Biotechnology | $6.02 | $16.44 | -63% |
| Average % Change all 20 Biotechs | 96% | ||||||
| Average Number of Months 20 Stocks Traded | 13 | ||||||
| Other Health Care | |||||||
| 8/3/10 | Trius Therapeutics | San Diego | Healthcare | Drug Manufacturers | $14.00 | $5.00 | 180% |
| 2/11/11 | AcelRx Pharmaceuticals | Redwood City | Healthcare | Medical Appliances & Equipment | $12.45 | $4.55 | 174% |
| 10/11/12 | KYTHERA Biopharmaceuticals | Calabasas | Healthcare | Drug Manufacturers- Major | $46.43 | $19.79 | 135% |
| 2/5/14 | Auspex Pharmaceuticals | San Diego | Health Care | Major Drug Manufacturers | $30.40 | $15.66 | 94% |
| 5/28/10 | GenMark Diagnostics | Carlsbad | Healthcare | Medical Appliances & Equipment | $11.54 | $6.00 | 92% |
| 11/14/13 | Tandem Diabetes Care | San Diego | Health Care | Medical Instruments&Supplies | $24.79 | $19.26 | 29% |
| 2/14/14 | Inogen | Goleta | Health Care | Medical Instruments&Supplies | $19.40 | $15.15 | 28% |
| 10/19/11 | ZELTIQ Aesthetics | Pleasanton | Healthcare | Medical Appliances & Equipment | $18.04 | $15.50 | 16% |
| 11/23/10 | Zogenix | San Diego | Healthcare | Drug Manufacturers-Major | $3.54 | $3.98 | -11% |
| 2/2/11 | Epocrates | San Mateo | Healthcare | Info Technology Marketing Services | $11.75 | $21.96 | -46% |
| 11/11/10 | Complete Genomics | Mountain View | Healthcare | Physical & Biological Research | $3.15 | $8.03 | -61% |
| 1/31/2013 | KaloBios Pharmaceuticals | San Francisco | Health Care | Major Drug Manufacturers | $3.02 | $8.00 | -62% |
| Average % Change all 12 Other Health Care | 47% | ||||||
| Average Number of Months 12 Stocks Traded | 23 | ||||||
| Services | |||||||
| 6/15/11 | Pandora Media | Oakland | Services | Broadcasting-Radio | $35.44 | $17.42 | 103% |
| 11/2/12 | Restoration Hardware Holdings | Corte Madera | Services | Home Furnishing Stores | $65.63 | $33.30 | 97% |
| 7/28/11 | Wesco Aircraft Holdings | Valencia | Services | Industrial Equipment Wholesale | $21.82 | $14.92 | 46% |
| 4/14/09 | Bridgepoint Education | San Diego | Services | Education & Training Services | $14.55 | $11.10 | 31% |
| 4/18/11 | Air Lease | Los Angeles | Services | Rental & Leasing Services | $36.52 | $27.95 | 31% |
| 4/20/12 | Infoblox | Santa Clara | Services | Business Services | $22.74 | $21.30 | 7% |
| 9/20/13 | Rocket Fuel | Redwood City | Services | Advertising Agencies | $48.43 | $56.10 | -14% |
| 5/20/10 | ReachLocal | Woodland Hills | Services | Advertising Agencies | $9.82 | $12.66 | -22% |
| 8/7/13 | YuMe | Redwood City | Services | Advertising Agencies | $6.85 | $9.00 | -24% |
| 8/10/12 | Performant Financial | Livermore | Services | Business Services | $7.78 | $10.60 | -27% |
| 5/4/12 | Tillys | Irvine | Services | Apparel | $11.52 | $16.81 | -31% |
| 11/13/13 | Chegg | Santa Clara | Services | Education & Training | $6.53 | $9.68 | -33% |
| 5/4/11 | RPX Corporation | San Francisco | Services | Business Services | $15.93 | $23.88 | -33% |
| 7/16/10 | RealD | Beverly Hills | Services | Movie Production Theatres | $11.59 | $19.51 | -41% |
| 7/22/10 | Green Dot | Pasadena | Services | Business Services | $20.94 | $43.99 | -52% |
| Average % Change all 15 Services | 3% | ||||||
| Average Number of Months 15 Stocks Traded | 28 | ||||||
| REITs | |||||||
| 1/13/11 | American Assets Trust | San Diego | Financial | REIT-Retail | $32.99 | $21.25 | 55% |
| 6/24/10 | Hudson Pacific Properties | Los Angeles | Financial | REIT-Office | $22.82 | $17.40 | 31% |
| 8/1/13 | American Homes 4 Rent | Malibu | Financial | REIT-Residential | $16.83 | $13.50 | 25% |
| 7/30/09 | PennyMac Investment Trust | Moorpark | Financial | REIT-Residential | $23.69 | $19.10 | 24% |
| 9/24/09 | Colony Financial | Santa Monica | Financial | REIT-Diversified | $22.01 | $19.66 | 12% |
| 7/19/13 | Rexford Industrial Realty | Los Angeles | Financial | REIT-Diversified | $14.27 | $14.04 | 2% |
| 2/10/10 | Terreno Realty | San Francisco | Financial | REIT-Industrial | $18.30 | $18.65 | -2% |
| 4/23/10 | Excel Trust | San Diego | Financial | REIT-Diversified | $12.71 | $13.30 | -4% |
| 5/10/12 | Western Asset Management Capital | Pasadena | Financial | REIT-Mortgage Investment | $16.55 | $18.80 | -12% |
| Average % Change all 9 REITs | 14% | ||||||
| Average Number of Months 9 Stocks Traded | 36 | ||||||
| Non-REIT Financial | |||||||
| 3/16/10 | Financial Engines | Sunnyvale | Financial | Asset Management | $58.84 | $17.25 | 241% |
| 12/9/10 | First Republic Bank | San Francisco | Financial | Banks | $52.78 | $27.92 | 89% |
| 4/12/12 | Oaktree Capital Group | Los Angeles | Financial | Asset Management | $57.67 | $42.39 | 36% |
| 10/31/13 | Marcus & Millichap | Calabasas | Financial | Real Estate Development | $17.00 | $13.42 | 27% |
| 4/19/13 | Blackhawk Network Holdings | Pleasanton | Financial | Credit Services | $25.93 | $26.01 | 0% |
| 2/15/13 | XOOM | San Francisco | Financial | Credit Services | $22.37 | $25.49 | -12% |
| 11/8/13 | NMI Holdings | Emeryville | Financial | Surety & Title Insurance | $11.85 | $14.00 | -15% |
| Average % Change all 7 Non-REIT Financials | 52% | ||||||
| Average Number of Months 7 Stocks Traded | 20 | ||||||
| Other Sectors | |||||||
| 6/29/10 | Tesla Motors | Palo Alto | Consumer Goods | Auto Manufacturers-Major | $230.97 | $23.98 | 863% |
| 1/31/14 | New Home Company (The) | Aliso Viejo | Industrial Goods | Residential Construction | $15.09 | $12.20 | 24% |
| 9/27/13 | Pattern Energy Group | San Francisco | Utilities | Diversified Utilities | $27.82 | $23.27 | 20% |
| 5/16/13 | William Lyon Homes | Newport Beach | Industrial Goods | Residential Construction | $29.17 | $25.50 | 14% |
| 3/28/12 | Annie’s | Berkeley | Consumer Goods | Food-Major Diversified | $39.98 | $35.92 | 11% |
| 10/23/09 | Dole Foods | Westlake Village | Consumer Goods | Food | $13.50 | $12.28 | 10% |
| 8/2/13 | Marrone Bio Innovations | Davis | Basic Materials | Agriculture Chemicals | $14.70 | $13.75 | 7% |
| 7/18/13 | UCP | San Jose | Industrial Goods | Residential Construction | $14.90 | $14.00 | 6% |
| 8/8/13 | Fox Factory Holding | Scotts Valley | Consumer Goods | Recreational Vehicles | $17.34 | $18.61 | -7% |
| 1/31/2013 | TRI Pointe Homes | Irvine | Industrial Goods | Residential Construction | $17.39 | $19.05 | -9% |
| 11/4/11 | Rentech Nitrogen Partners, L.P. | Los Angeles | Basic Materials | Agriculture Chemicals | $17.85 | $19.85 | -10% |
| 5/26/11 | Solazyme | South San Francisco | Basic Materials | Oil&Gas Refining&Marketing | $14.00 | $20.71 | -32% |
| 9/28/10 | Amyris | Emeryville | Basic Materials | Specialty Chemicals | $4.19 | $16.50 | -75% |
| Average % Change all 13 Other Sectors | 63% | ||||||
| Average Number of Months 13 Stocks Traded | 21 | ||||||
| Overall Average % Change all 133 | 60% | ||||||
| Overall Average Number of Months 133 Stocks Traded | 24 | ||||||
With the Companies in huge States like California and New York and also many other key States like Massachusetts, Maryland and Washington doing so incredibly well while at the same time the State Governor is Democratic, both the State House and State Senate are in Democratic hands, both US Senators are Democrats and a huge majority of the California, New York, Massachusetts, Maryland and Washington US House members are Democrats, then why in the world is it that someone so eminently qualified to be the US House Speaker .....Nancy Pelosi..... has very little chance to get that critical position with the November 2014 election?
I think examining what has happened in Indiana's 8th US Congressional District will shed light on why Republican John Boehner will probably remain as US House Speaker.
Indiana's 8th District has historically been called "The Bloody 8th". Over the years, the US House member has switched between being Republican and Democratic with very close races .....but in more recent times, a bit more Republican.
The Indiana 8th District, overall a poor District, has significantly more Registered Democrats than Registered Republicans. By far the two largest cities in the 8th District..... Evansville (think Jerry Sloan) and Terre Haute (think Larry Bird) are both overwhelmingly Democratic in percentage of Registered Democrats. Even in Warrick County, mostly a suburb of Evansville where many of the more well-to-do live, the number of Registered Democrats and Registered Republicans are roughly equal in number. And there are a vast number of students attending a handful of colleges in the 8th District.
In the 2008 US House election, citizens in Indiana's 8th District voted overwhelmingly for Democrat Brad Ellsworth. In the 2010 Tea Party Election, at the very last minute, sitting US Democratic Senator Evan Bayh decided not to run, with the popular Ellsworth running at the last minute in Bayh's place and Ellsworth lost the US Senate race to lobbyist Dan Coats, who hadn't lived in Indiana for many years.
But this last minute decision by Bayh, threw the Indiana 8th District Democratic Party in disarray and the result was that Republican Dr. Larry Buschon won the US House Race.
Buschon is an extremely wealthy man. Not only was he a heart surgeon for many years, but he was the owner of a company where a group of heart surgeons practiced.
Buschon is also a far right-wing extremist, much more conservative than the overwhelming majority of citizens in the 8th District. He even voted many times to shut down the US Government and was successful in doing so. And he's strongly against an increase in the Federal Minimum Wage, even though there are so many 8th District citizens just being paid it in this poor District. He also is strongly against Medicaid expansion. Also, he continually harshly criticizes all aspects of the Affordable Care Act. And along with 19 other far right-wing US House extremists including Louie Gohmer, Michelle Bachmann and Steve Stockman, Buschon signed a proposal to impeach Attorney General Eric Holder.
So given the above scenario, Indiana's 8th District should be very ripe for a Democratic US House pickup.
So what happened? Well, for whatever reason, the Indiana 8th District Democratic Chairman Anthony Long did not get a Democratic candidate to run for the US House seat. I'm not kidding.
And there are so many qualified candidates.....all he had to do was to ask them to run. I can easily think of two who would crush Buschon and as many as 20 more who would run very competitive races against Buschon.
Some of them would have refused, but others of them would have patriotically accepted the challenge to help Nancy Pelosi be US House Speaker and then President Obama would be able to accomplish so many critical things to the country like increasing the Federal Minimum Wage and Immigration Reform and many more. But instead, Anthony Long punted and didn't aggressively find a Democratic US House Candidate.
And just a couple days before the deadline to run for the 8th District US House seat, a candidate from a smaller city filled out the papers to run as a Democrat. This was not the result in any way of actions by Anthony Long. This guy's education background is a Business College. And his views are more along the lines of the Tea Party than traditional Democratic values.
And by this guy filing to run, it locks out the Indiana Democratic Party from running one of the many candidates who would be very competitive.
In my view, this is gross incompetence to the extreme.....there is just too much at stake, not just for Nancy Pelosi and President Obama, but more importantly for the country.
My hunch is that there are somewhat similar things going on all throughout the country. But Nancy Pelosi will never be US House Speaker until these old-time Democratic Party bosses like Anthony Long get removed from their too powerful posts. They are severely harming the country.
And this same high level of incompetence also exists in Anthony Long's boss, Indiana Democratic Party Chairman John Zody, who also was asleep at the wheel here. And also frankly in the DCCC, whose primary job is to make Nancy Pelosi the next US House Speaker.....they were also asleep at the wheel here.
So I have to ask why would anyone contribute money to anything related to the Indiana Democratic Party? You are simply throwing your money away. What some Southern Indiana Progressives like me are doing instead is contributing money just to Democratic Candidates supported by The Ohio Township Democrats, a progressive Warrick County Organization run by two unparalleled proactive driven true Obama/Pelosi Democrats.....Mary Platz and Delois Freeman.
And there's absolutely nothing wrong with the DSCC, it is a very fine, very competently run organization .....it's just the DCCC that has the incompetence problem and thus needs to be cleaned up.
And yeah that Bloody 8th is still applicable here but its now more appropriately called a Bloody 8th within just the Democratic Party.
