© 2011 blinks
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By Will Andrews, Alex Halperin, and Karyn McCormack

The Democrats’ fortunes have certainly improved in 2006. But what about those of ordinary Americans? In the 2006 midterm election, the party gained majorities in the House of Representatives and Senate, ending 12 years of Republican dominance of both houses. While the election was widely viewed as a referendum on the war in Iraq, it is clear that some Democratic rhetoric on the economy—despite generally positive data on things like gross domestic product and employment—resonated with voters.

In the months to come, the party, flush with electoral success, will attempt to shift policy on a number of key issues that directly affect Americans’ personal finances. Whether it’s taxes, the cost of prescription drugs, student loans, or Social Security, the Democrats’ majority status in both houses of Congress will ensure that these and other items could be placed on the table.

But will there really be far-reaching changes? Here’s our look at key “pocketbook issues,” what changes may be proposed, and the ultimate effect on your bottom line:

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    Date Taken: 01-Jan-1970 00:00:00Copyright: Credit: Title: Caption: By Will Andrews, Alex Halperin, and Karyn McCormack The Democrats' fortunes have certainly improved in 2006. But what about those of ordinary Americans? In the 2006 midterm election, the party gained majorities in the House of Representatives and Senate, ending 12 years of Republican dominance of both houses. While the election was widely viewed as a referendum on the war in Iraq, it is clear that some Democratic rhetoric on the economy—despite generally positive data on things like gross domestic product and employment—resonated with voters. In the months to come, the party, flush with electoral success, will attempt to shift policy on a number of key issues that directly affect Americans' personal finances. Whether it's taxes, the cost of prescription drugs, student loans, or Social Security, the Democrats' majority status in both houses of Congress will ensure that these and other items could be placed on the table. But will there really be far-reaching changes? Here's our look at key "pocketbook issues," what changes may be proposed, and the ultimate effect on your bottom line:Camera: Focal Length: 0mmAperture: f/0ISO: 0
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