The GOP did what they hoped to do. They now have partial control of Congress. But is this good news? Many experts predict that with a Republican-controlled House and a Democratic administration, gridlock will be inevitable and the current growth (albeit slow) will come to a stand still.
Paul Wiseman, an Associated Press Economics writer stated, “that a standoff between the Obama administration and emboldened Republicans will probably block any new help for an economy squeezed by slow growth and high unemployment. Congress might also create paralyzing uncertainty for investors and businesses by fighting over taxes, deficits, health care and financial regulation.”
“We expect massive gridlock and little cooperation,” writes Brian Gardner, Washington analyst for the financial firm Keefe, Bruyette & Woods.
If times were good, gridlock wouldn’t matter so much. A Republican Congress and Democratic White House butted heads in the mid- and late ’90s, after all, and their sparring did nothing to derail a strong economy. Read full article
It wasn’t a surprise that voting was so high this election. It’s the same reason that President Obama was elected in the first place. Voters are angry. Both parties have agreed, at least today to work together and try to find some common ground to get this great country moving forward and thriving again.