This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Va. Escapes Worst Of Recession But New Fears Ahead

Against this tense backdrop, President Barack Obama and Mitt Romney are dueling over the size of government and defense cuts, pouring tens of millions of dollars into this crucial battleground, a state where military spending adds enormous sums to the local economy. The winner will claim Virginia's 13 critical electoral votes â¿¿ and most likely, better odds for capturing the White House.

___

SHIFTING POLITICAL LANDSCAPE

Four years ago, Obama broke a 44-year GOP grip on Virginia with a decisive 6.3 point win over John McCain.

The president cobbled together a coalition of minorities, young people and college-educated white voters (women more than men) in the affluent suburbs across the Potomac River from the nation's capital, a Democratic-leaning, fast-growing area. Here in Loudoun County, for instance, the population skyrocketed 84 percent in the decade ending in 2010.

Obama scored victories, too, in the Hampton Roads region, home to the world's largest U.S. Naval base in Norfolk, along with many active duty and retired military. It was a stunning defeat for McCain, a Navy veteran.

Changing demographics also made the state friendly territory for Obama. The Latino population in Virginia jumped 92 percent from 2000 to 2010. Minorities now account for 27 percent of eligible voters in this state that was home to the Confederate capital.

The constituencies that propelled the president to victory remain, but enthusiasm has waned and Democrats expect a much closer race this time. Polls show Obama with a slight edge or virtually tied with Romney.

"Things are probably more competitive, just as they are nationally," says Peter Brodnitz, a Democratic pollster working in the Senate campaign of former Gov. Tim Kaine. "I don't think it's a repeat of 2008 when the wind was blowing strongly in just one direction."

The state's economy, though, shouldn't be a drag on the president.

2 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,062.57 +8.86 0.05%
S&P 500 2,093.16 +4.39 0.21%
NASDAQ 4,809.2020 +2.3430 0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs