Well, President Obama in a speech five days before the election said that they were “five days away from fundamentally transforming the United States of America.” Well, he’s right, but not in the way that he intended. I believe that Obama wants to fundamentally transform America by doing away with the private sector, capitalism and basically democracy. He wants to shift a rather centrist nation far to the left. However, what he has done is transformed the nation by shifting it to the right.

As the government has tried to grab as much power as possible and grow as large as possible, there has been rebellion among the American people. Equally as important, though, is how it has affected the Republican Party. The Republican Party as it existed in 2008 was more liberal than the Democratic Party in the days of President John F. Kennedy. As a result of the current administration’s policies, though, Republican voters have learned that now we need conservativism more than ever and that big government, high taxes, and high spending policies can’t be accepted, whether it’s coming from a Democrat or a Progressive Republican, such as George W. Bush, John McCain and Charlie Crist. As a result, McCain and Crist are likely to lose in the primaries for their senate seats.

But what about president? At last weekend’s Conservative Political Action Conference, Ron Paul won the straw poll for presidential preference. Paul, who is a Republican with very Libertarian ideology, won 31% of the vote, with Mitt Romney (a centrist) coming in second with 22%. Romney had won the straw poll in each of the last 3 years. Sarah Palin received 7%.

No one knows if Paul will run for the Republican nomination. He did in 2008 and didn’t get nearly as many votes in the primary as Romney or McCain. Times have changed, though, and his anti-spending message resonates now more than ever.

So what does this mean for online gambling? If Paul was elected president, it would be a good thing for the online gambling community in America as well as anyone who wants an expansion of brick and mortar casinos. Paul is co-sponsor of Barney Frank’s bill in the House that would overturn the Unlawful Internet Gambling Enforcement Act (UIGEA).

Like the issues of spending and regulation, there has been a public shift in sentiment regarding gambling as well. States like Alabama that have traditionally been against gambling, either online or in casinos, are starting to come around, according to recent polls. As the economy continues to struggle and many states are facing budget deficits, adding revenue from gambling makes sense now more than ever. It would also lead to an increase of jobs, something that is badly needed, since 9.7% of the country is still unemployed according to the White House (and a much larger number according to many economists).

Before anyone gets too excited, I should point out that Ron Paul has always been considered unelectable in a national election. Though times have changed, maybe they haven’t changed enough for a man like Paul to sit in the Oval Office. However, his surge in popularity shows a shift in attitude in America, which is just as important. With Americans demanding less regulation, more freedom for private business, and a balancing of the state and federal checkbooks, online gambling legislation could be a safer bet now than ever.

Not long ago I warned our readers to not be too confident in the overturning of the Unlawful Internet Gambling Enforcement Act in the United States. There are simply too many reasons the legislation in Congress could fail, as it did last time Barney Frank tried to get it done. I’m not the only one who thinks so.

Tony Cabot, founding member and former president of the International Masters of Gaming Law Association, agrees with me. Considered an expert on gambling legislation, Cabot believes that no law will be passed on a federal level that legalizes and regulates online gambling. Barney Frank has already pushed his House bill back and it likely will not be heard on the floor this year. Expect the same from Menendez’s similar Senate bill. In both cases, online gambling is simply not a priority, with the no end in sight to the recession and no prospect for the creation of new jobs in the near future. In addition, with the administration focusing on healthcare reform, there simply isn’t the time or energy to devote to a bill that would have a minor impact on the economy.

If the bill isn’t passed this year, though, it could be dead, according to Cabot. Next year is an election year and no politician is going to want to give their opponents ammunition by backing a controversial subject like gambling. I agree. Not only that, but the reason Barney Frank is so confident that he will succeed this time where he failed in the past is because he has strong support from Congress that has a strong Democratic majority. However, if the politicians hold off on the legislation until after the 2010 elections, the Democrats could lose that majority and therefore, online gambling would lose its support. Midterm elections are always unfavorable to the party in the White House, and with the approval rating of Obama and Congress plummeting, many experts predict a huge shakeup on Capitol Hill.

Another reason Cabot provided for a lack of optimism is that some online casinos are against the legislation. Yes, you read that correctly. According to Cabot, some of the online casinos that are already dealing with American customers are against repealing UIGEA because it would give them more competition in the market. Some fear that they will even be denied licenses to operate in the United States. Likewise, land-based casinos in the country, especially in Las Vegas, are divided on the issue. Some want online gambling legalized because they want to expand into the online realm. Other casinos are against online gambling because they see it as competition. Senator Harry Reid of Nevada, who is basically a puppet of the Vegas casino lobby, has refused to pick a side on the issue.

Cabot gave 20 to 1 odds for the success of Barney Frank’s bill, but thinks legislation at the state level is much more likely. Sorry to be a buzz kill, fellow gamblers. I’ll try to have better news tomorrow.