Map of the Day: Wealthiest States Are Backbone of Financial Reform 'Yea' Vote

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It's no surprise that the financial reform bill passed today, but it is interesting that 19 of the senators from the 10 wealthiest states voted "Yea" on a bill intended to impose 533 new rules on the financial services industry.

It's a complicated topic, which is why the Main Street vs. Wall Street rhetoric might be the most overused and ham-handed Luntz-ism of this election cycle. But the fact is that wealthy constituencies generally benefit from fewer financial regulations.

In 1976, those constituencies were voting Republican. By 1984, Barone wrote that "the sense of deprivation" that glued together the New Deal Democratic coalition and "the sense of privilege" that kept some voters Republican "have tended to fade."

By 2004, as this Washington Post map shows, eight of the 10 wealthiest states voted Democratic, and in 2008, all of them went blue. It's a well-reported generational shift in American politics, but still a fascinating backdrop to today's vote.

Wealthiest States

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Patrick Ottenhoff has been writing The Electoral Map blog since 2007. A former staff writer for National Journal Group and project manager at New Media Strategies, he now attends Georgetown's McDonough School of Business. More

Patrick Ottenhoff attends Georgetown McDonough School of Business in the Class of 2012. He previously served as a project manager in the Public Affairs Practice of New Media Strategies and was a staff writer for National Journal Group. Patrick has been writing The Electoral Map blog since 2007. As the name implies, the blog covers news and commentary at the intersection of politics and geography, but it also analyzes the stories, people, culture, sports, and food behind the maps and the votes. Patrick is a native Virginian and graduate of Union College in New York. You can follow The Electoral Map on Twitter and Facebook, and follow Patrick on YouTube.
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