Posted on 11/07/2018 2:20:25 PM PST by Red Badger
The budget deficit spiked in 2008-10, then declined to its lowest point of the last decade around 2014 before rising again.
The correlation between a divided Federal government and low budget deficits isn't perfect, but it's close. The same is true of the correlation between a unified Federal government and high budget deficits. By my reckoning, the most fiscally irresponsible period of my lifetime for the U.S. government was from 2008 through 2011 -- and the U.S. had single-party control (first the GOP, then the Democrats) for almost the entire period.
Wall Street doesn't seem terribly concerned about Maxine Waters chairing the House Banking Committee, does it? In fact, they're probably thrilled to see the committee chaired by someone with an IQ of 80 who can easily be bought.
Markets like gridlock in D.C.
It’s not the end of the world. Of course I would prefer he had the House too, but with firm control of the Senate he’s going to choose the next Supreme Court justices.
It sure would be a shame if The Wise Latina and Ruth Buzzy Ginsburg shed these mortal coils over the next two years.
Reagan NEVER had both houses of Congress, but he never had the kind of evidence of criminality against them that Trump undoubtedly has.
The next two years are going to be VERY interesting.
A talking head on NBC actually said that when congressional control is split there is gridlock, and that’s good for the economy. Trumps plan for prosperity is just getting the government out of way. Econ 101.
All I mean is it’s not the end of the world, and my bet is Trump will be able to play Nancy and the rest of the rabid Left-wingers into a true red tide in 2020.
Kind of like the current budget?
Can it get less responsible?
I read it. They think Trump will stop the “damaging” trade war.
No positive spin needed
” nominal budget surplus was around 1998-2000.” ... when Social security had a big surplus to spend.
“budget deficit spiked in 2008-10” ... when social security recipts turned to a deficit.
IDK, hard to make conclusions from our budget statistice.
Gridlock: 8 Dems and 8 Reps at a meeting on tech rules, ALL recipients of donations from the same tech companies...
The government is only gridlocked for the voters.
Oh, yeah. Agreed.
Well yeah, unless politician’s are also stuck in traffic. 8>)
I understood the original post to mean that the current tight labor market will be soon loosened with more immigrants coming in to lower wages. Less pay and More profits soon so stock prices go up now.
Those are the analysts you hear making those comments, the investors are you, me, and our neighbors. They are the real investors. 8>)
Wait...nobody is actually THINKING, today, about MAD Maxine!
Oh she CAN be easily bought; however, she's SO set on DOING IT TO THEM, that it'll over ride the money...which she'll take and then do what she wants to do.
But it shan't be civil, sane, nor productive.
How will that be any different?
YES!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.