In a year where Republicans are poised to make large gains, a win by Angle would be this election cycle's biggest story. To many on the Right, Reid is the definition of incompetence: though he holds the second most powerful roll in the Senate (the Vice President arguably holding the most power), Reid's state of Nevada has one of the highest rates of unemployment in the entire country.
Reid has also been prone to egregious gaffes this election cycle, such as claiming that he never said the Iraq war was lost and stating that the Stimulus Bill was a success. This has helped Ms. Angle gain the lead she has.
Another factor making this race interesting is the quadruple sided question defined by this election: if Democrats retain the Senate, if Reid wins, will he remain the Majority Leader? If Democrats lose the Senate and Reid wins, will he become the Minority Leader? If Democrats retain the Senate, but Reid loses, who will become the Senate Majority Leader? Likewise, who will be the Minority Leader if Democrats lose control of the Senate?
Lots of interesting factors at play here.
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