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Nevada has a baseline of 45% Republican and 35% Democratic voters. Arizona is a little worse, 45% and ~30%. Partisanship in the Southwest is strongly racial and fairly racist under the surface, and lots of white retirees and rural people who turn out at high rates in both states have kept both states Republican. Latino voters, American Indians, small urban black communities, and suburban professionals generally white or mixed race are the natural Democratic constituencies, but Democrats have had a hard time negotiating a functional coalition between them because of social issues and internalized oppression, i.e. skepticism/demoralization with historical roots.
As a pattern, Republican Senators and Congressmen in relatively competitive states have had their approval rates fall to their baselines, i.e. swing voters have stepped back from support and want something from them. This has happened to Kyl in Arizona, who is a Bush rubber stamper and has passed himself off as a party line hardliner all along. He's at 45%. It hasn't happened to Ensign, who is doing something that is keeping himself polling at 52% support- I'm not sure what, exactly. He's generally been with Bush and the hardliners, but split off from them on some Nevada issues...i.e. he's been able to use Harry Reid's positions and power as cover. Reid has had an armistice agreement with him of sorts for years. My guess is that armistice will perforce be broken when Washington Republicans get utterly desperate late this year and go to no holds barred dirtiest attacks on Reid. Ensign will be the benefactor or victim of how Nevada voters respond.
I know less about the Democrats running. Pedersen has his own money to run on and did good work as the head of the Arizona Democratic Party the last few years, but he's not getting Arizona Democrats fully behind his candidacy and so there's a lack of interest, unity, energy, effort. It may be the image and message, it may be that he has a real and deep disconnect with the Democratic Latino constituency, or both. If he fixes these he should be polling in the low 40s and the fight for the GOP-disillusioned swing vote Indies- heavily white retirees, my guess- would have begun already. But he's dragging in the mid 30s and there's no news out of his campaign. Maybe he's putting out fires elsewhere in the ADP or having personal or Washington troubles, or something.
Nevada...I think the Democratic idea is a massive ground operation. Republican power is exposed and vulnerable on several levels in the state this year. Democrats control the state House by a good margin and will hold majority easily. Winning majority in the state Senate is just a matter of two or three seats iirc, and winning that is a larger gain in power for Democrats and ability to change the quality of life in the state than just about anything else. Then there's the governor office and the Senate seat. The swing constituency is probably also disillusioned white retirees, as in Arizona. Maybe Jack Carter is a more perfect candidate, good at appealing to these people, than we think. If the Senate race tips, it will fairly late in the year if this is the dynamic.
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