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D.C.'s Market Moves

Though David Broder's column will probably get the lion's share of attention, Republicans should be far more worried by what Jeff Birnbaum writes in the Washington Post this morning:

Democrats' Stock Is Rising on K Street

Firms Anticipate A Shift in Power

By Jeffrey H. Birnbaum
Washington Post Staff Writer
Thursday, August 17, 2006; Page A01

Washington lobbying firms, trade associations and corporate offices are moving to hire more well-connected Democrats in response to rising prospects that the opposition party will wrest control of at least one chamber of Congress from Republicans in the November elections.

K Street is like D.C.'s version of the stock market, where potential moves are analyzed, anticipated and "priced" into the system based on probability. A few Republicans in the Midwest giving doom and gloom quotes to David Broder is one thing, K Street gearing up for a Dem take over is quite another.