The November 2nd midterm elections will be a real GameChanger. The outcome will set the stage for how much you pay in taxes and what you’re taxed on,  the future of health care reform, how we deal with our crippling deficit, how we rebuild our anemic economy and more. If Republicans pick up enough seats, there will be a shift in the balance of power and plenty of changes in policy. If Democrats retain control, they’ll pursue their agenda with renewed confidence.

No matter how you slice it, this election has massive implications for you and your family. 

Read on for your look at the eight biggest GameChangers at work in the midterm elections and how they could impact you.

Dissatisfaction based on the recession, the financial crisis and the bear market led to record turnout and sweeping changes at the ballot box in 2008, when voters put Democrats in control of Congress and the White House for the first time since 1993. Now, just two years later, we’re on the verge of more political change. Voters are still angry and still looking for change. Will they believe Democrats who argue that their policies have stabilized the economy and laid the foundation for recovery, or will they go with Republicans, who claim the Democrats have spent recklessly without really fixing the economy?

Tea Party candidates like Christine O’Donnell, Rand Paul and Sharron Angle shocked the political establishment by winning their Republican primaries. With eight different Senate races and five House races where Tea Partiers are facing off against Democrats, it seems likely that the next Congress will include members from this grass-roots movement. These candidates generally espouse conservative fiscal and social values, but they also tend to be independent thinkers. If elected, they could prove to be an important voting block in a Congress where the balance of power has shifted.

“It’s unemployment, stupid!” While the recession has officially ended, it sure doesn’t feel that way to anyone who is looking for a job. Unemployment remains stubbornly high, with the official rate around 9.5% and the unofficial rate projected to be close to twice that. Consumers and corporations alike have made it clear that they won’t start spending again until they feel more confident about the strength of the recovery, and that’s not likely to happen until the unemployment numbers start to show steady and sustained improvement.

Health care reform is a key issue in the upcoming elections. The controversial bill was signed into law on March 23, 2010, and some popular provisions — including prohibiting lifetime limits on coverage and forbidding insurers from dropping sick customers after discovering mistakes on their applications — have already gone into effect. But many Republicans are campaigning on the promise that if elected, they’ll try to repeal the bill or at least remove critical funding, and Democrats are vowing to fight them tooth and nail. Both Wall Street and corporate America will be watching this battle closely.

Former Vice-Presidential candidate Sarah Palin has shown that she’s a force to be reckoned with, even when she’s not running for office. Her popularity has continued to grow since the 2008 Presidential election, and her endorsement is credited with helping several candidates — including Delaware’s Christine O’Donnell — win their primaries. Will her support carry through to help them win against their Democratic opponents in the general election?

Independent voters played a significant role in the outcome of the 2008 election, switching from years of leaning toward voting Republican to coming out for President Obama. In 2010, however, independents are telling pollsters that they’re leaning back toward Republicans again. Then again, in some states, they have a third option. In Florida, Governor Charlie Crist is running for Senate as an Independent candidate, and Lisa Murkowski of Alaska is running as an Independent after losing her primary to Joe Miller. If the independents come out strongly for one party or another, they could have a big impact on the election result.

Considered one of the most influential U.S. conservatives, Representative Paul Ryan of Wisconsin is the ranking Republican on the House Budget Committee. His Republican Budget Blueprint differs from the Republican Pledge to America on several key points, proposing comprehensive budget overhaul, including sweeping changes to the ways that Social Security and Medicare work as way to tackle the federal debt. Ryan is seen as a likely leader on budgetary issues if the Republicans do take control of the House.

Virtually everyone expects the Republicans to pick up more seats in Congress, and much of Wall Street seems to believe that a Republican victory would bring some political balance to Washington and restore a more business-friendly environment. If the GOP does win, they say, it could spark a rally in the stock market. This, in turn could pull many of the investors still sitting on the sidelines, building on the rally and helping to fuel a strong finish to the year.

It is critical that you act today to position yourself to profit no matter what the midterm elections deliver. I’ve identified three stocks that I urge you to buy today for money-doubling profits in the year ahead — regardless of what happens in Washington. Get “3 GameChanger Stocks to Buy Before Election Day” — a brand-new FREE report from Hilary Kramer of GameChangers.