Incumbent Alan Grayson has conceded to Republican Daniel Webster in the race for the Congressional District 8 seat.
Grayson conceded at his watch party at Slingapour's in downtown Orlando Tuesday night.
Grayson's campaign said they needed a massive Democratic turnout to win, and that simply didn't happen with the weather.
Actually, what Mr. Grayson needed was to get behind the people about two years ago, and start going after the scammers and fraudsters in the banking business back then, keeping it up until now.
If he had, he wouldn't have lost tonight. Every screwed, foreclosed and evicted person in his district was a vote he lost - and he lost it the hard way - by sticking his head in the sand until the 11th hour, then trying to redeem himself on the seminal issue facing both Floridians and the nation - the root cause of our economic mess.
In the interest of full disclosure, I've been talking with his office on a pretty-constant basis since he was elected. His people have been gracious and available - something that few Congressional offices are, including my own.
But that's the office people. It's still the legislator at the end of the day who decides what to take on, what not to take on, and how strongly to push.
There are some issues that, in my opinion, he dropped the ball on badly. Health Care was one of them.
But more importantly, he didn't take up what I believe is the seminal issue - the scams and frauds in the banking system and the damage they have done to Floridians, including his constituents, until he was badly losing, with his first real constructive comment coming on September 30th.
That cost him his seat.
Now the question is this - does Webster's statement mean anything?
"This is a new day for our Country and I am thankful to be a part of it. This is a huge victory for people who are tired of the politics of personal destruction. We ran a positive campaign against a broken system. Now it's time to begin the work of fixing it."
Uh huh. I'll believe that when I see banksters that look like this, and you pressing the issue Mr. Webster - and not until.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Looking for "The Best of Market Ticker"? Check out Ticker Classics.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.
Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.