While the major media networks focused on Iraq being the major issue for the power shift in congress, they all but ignored what may have been an issue just as important.

In 1992, Democratic strategist James Carville coined the phrase "it’s the economy stupid", and believe it or not, that same phrase came home to roost yesterday. I believe one of the main issues on voter’s minds was the high cost of energy.

High energy prices go to the root of the economy for consumers. Yesterday, the BigPicture.com listed some findings by California-Berkeley economist Emmanuel Saez. Saez said, "The median value of stock holdings for the wealthiest 10 percent of Americans was $110,000 per household in 2004, according to Morgan Stanley, the banking giant. The value of stocks held by the other 90 percent of Americans averaged $8,350."

So, despite the recent rise in the stock market, the 90 percent of Americans who have an average $8,350 in stocks are more concerned with their incomes going into their gas tanks than they are a rise in the market.