Saturday, March 15, 2014

California IPOs During Obama: 133 Companies Up 60% Over 24 Month Average Period.....Led By 57 Techs Up 73% and 20 Biotechs Up 96% Over 13 Month Average Period

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were an incredibly high number of 133 California Companies filing IPOs so far during the Obama Administration .....from Jan 2009 through Feb 2014..... which have a Market Capitalization of more than $100 mil presently or were sold for at least that amount.
 
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 LinkedIn  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 Facebook  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 Twitter   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.