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They voted for the party who is going to give them unearned citizenship and monetary handouts.
It is really a white male vs. all others issue.
Abortion remains extremely unpopular amongst latinos due to catholicism.
I think this is not supported by the exit polls.
http://abcnews.go.com/blogs/politics/2012/11/latinos-endorse-legal-abortion/
"Exit poll results found that about two-thirds of Hispanics (66%) said that abortion should be legal while 28% disagreed. Among all voters, a somewhat smaller majority (59%) would allow legal abortions while 37% were opposed."
http://www.reuters.com/article/2012/10/22/us-usa-religion-politics-catholic-idUSBRE89L11Y20121022
"The poll found that 60 percent of Catholics want a greater focus on social justice issues rather than abortion, while 31 percent support the opposite approach."
Catholic voters are much different than the hierarchy. Even among the clergy, there are big differences on these issues versus the Conference of Bishops.
So, I'd say Hispanics tend to be liberal on BOTH Social and Economic issues, in addition to being turned off by the xenophobic GOP.
natural positions on social issues.
Most Latinos understand, perhaps better than Fox viewers, that divide & misrule rhetoric is not "natural positions on social issues." Newt Gingrich campaigning absurdly with his 3rd wife against gay couples getting married doesn't fool most Latinos the same way it fools Fox viewers. On social issues, Latin American countries from Argentina to Mexico are moving ahead of what used to be called "the land of the free." Gay couples can get married in Argentina, or Mexico City, but not in California. Maybe that's the Republicans' plan to stop immigration?
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The results indicate that Barack won the latino vote 71% to 29%. This 41% spread is rather impressive especially considering that "on paper" the reps should have an advantage with latino demographic on a couple of values issues. Abortion remains extremely unpopular amongst latinos due to catholicism. Overall as a group, particularly amongst older latinos, gay marriage is not exactly the issue that gets their support. Additionally, regarding "family values" Latinos actually practice it as opposed to talking about it. So based on these advantages the reps should have carried the demographic 66% vs 34% at least. A swing of 71% vs 29% the other way represnts nothing short of historic collapse give the intangibles - in fact the political strategist for the reps should probably be fired. There is no other way to explain this collapse other than to explain it in a way that the latinos must have been so alienated by the recent statement of republican party via xenophobia and red meat pandering towards white conservatives by being blamed for immigration and taking american jobs that they voted against their natural positions on social issues. This is an indictment on how xenophobic the republican party can come across to various ethnic groups. As such I fully expect that the next rep presidential and/or vice presidential candidate to be a minority. That is what the reps will likely do in an attempt to fracture the minority vote in the next election - rubio, jindal, playa cain will have a prominent role in next cycle.
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