While Trump due to his polarizing nature seemingly lost the election to a corpse, the Senate remaining red and the House likely going red in 2020 has kept the markets in check. However, if Georgia goes fully blue then the country will go full Leftist/Socialist and markets will crumble.
A Democratic win of the two contested Senate seats could trigger a selloff in the markets, according to Oppenheimer strategist John Stoltzfus.
www.yahoo.com
In the end money talks. Let's see what happens.
I am curious what others think. Do you want one party rule --- or do you prefer as the markets do, a two party checks and balances rule?
What you don't know or fail to learn is that throughout history ever since GDP numbers have been kept, democratic presidents and government have been been better for the stock market and economy than republicans.
Republicans crash the economy and stock market. Democrats clean the mess up. It's been going on for decades.
When Biden takes office the following 4 years will see an increase in the stock market not a crash or destruction of the stock market.
The average annual US GDP growth rate under a Democratic president was 3.6%, compared to 2.6% for a Republican president, according to Liberum.
markets.businessinsider.com
The average annual US GDP growth rate under a Democratic president was 3.6%, compared to 2.6% for a Republican president, according to Liberum.
markets.businessinsider.com
This isn't the same Democratic party. It has changed considerably and moved far left. It would be like saying a strong running game wins you championships in the NFL. That is no longer required. We'll see if you or I are correct very soon.
Both Clinton and Obama were fiscally responsible, and reduced deficit spending in their final three years in office. The Progressive Wing of the Democratic Party has become more aggressive in their rhetoric, based solely on the effect of the Greed of the extremists Republican Party, which has now tried to convince the public that Voodoo Economic (Trickle Down) will work this time. It failed, as it did the two times before.
We are a consumer driven economy. That can be seen clearly today, when Main Street is closed, jobs are lost and the likelihood of another Great Recession is on the horizon. Yet the GOP opposed providing aid to the 10's of million American's out of work do to Trump's inept response to Covid.
It's time for all to understand, the GOP doesn't support democracy, doesn't support the working classes and uses false narratives, conspiracy theories and BIG LIES; this describes the current iteration of the Republican Party, which is out of touch with reality, and when reality is expressed by members of this party they are called RINOS.