No. of Recommendations: 11
That's why the market likes when the President and the Congress are held by different parties. It doesn't matter which party holds either, just that they are different. No major law changes will happen, because either the President will veto them or the Congress won't pass them.
Gridlock means nothing major will change.
Very true, but 2 years is still a long time to suffer through gridlock. We keep kicking the can down the road on things that need to be addressed now, rather than later; things that will have massive implications on markets long term, such as government deficits, among many other things. It would be nice to see a veto or two lead to an opportunity to open up discussion between the President and both Houses of Congress to help forge a compromise on spending bills, entitlements, or taxation policy over the next two years. If we have to live through another 2 years of impeachment hearings to satisfy revenge and blood thirst, instead of working on the people’s business, then we are wasting time again. Gridlock can mean ‘nothing major will change,’ but it can also mean foregoing an opportunity to craft some decent bi-partisan legislation instead of adopting either party’s all or nothing agenda. I’d like to see less focus on likability and the cult of personality (TDS or whatever you call it), to focus more on issues, policies. Time’s a-wasting, so we need to get going and solve some problems instead of screaming across the aisle at each other to score political points for the evening news.