Tuesday, November 2, 2010

After this election: say hello to gridlock ... and goodbye to recovery

I think what bothers me the most, beside the negative campaigning during these mid term elections, is that no matter what happens…the American people are going to be the losers.

There won’t be change with the election of new faces. We’ll have a firmly entrenched partisan Congress and House that will be unable to pass a single law to help the economy.

I feel for those poor souls who think these elections will change anything. Now, we have to prepare for a new nasty campaign for president in 2012. The presidential campaign will basically start tomorrow. The next two years we’re going to be battered with lies as the country sinks further into political polarization.

 Post-election inaction in D.C. probably won't bode well for the economy

“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.”

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