Midterm Elections Carry High Stakes for US Economy

Could things get worse?

The midterm slugfest for control of the U.S. Senate could have far-reaching effects on the economy.

Tuesday's elections come just as U.S. growth has been showing consistent improvement, thanks in part to a congressional truce on budget fights. Previous such fights shut down the government and raised the specter of a default on the federal debt. A repeat of either could damage the economic recovery.

If Democrats retain control of the Senate, the cease-fire could hold, analysts say. But it could dissolve with a takeover that gives Republicans control of both chambers and potentially emboldens them to intensify their conflicts with a lame-duck Democratic White House.

Republicans already control the House and are expected to maintain and even expand their majority in that chamber.

Addressing the prospect of a Republican takeover of the Senate, Jack Ablin, chief investment officer at BMO Private Bank, said, "My sense is it will only harden the tension that's in place."

Comments

[Sevo]

Could this be THE MOST IMPORTANT ELECTION EVA?!

But, uh:
"Tuesday's elections come just as U.S. growth has been showing consistent improvement, thanks in part to a congressional truce on budget fights. Previous such fights shut down the government and raised the specter of a default on the federal debt. A repeat of either could damage the economic recovery."

No, they didn't 'shut down the government', and if this is what it takes to rein in spending, have at it!

[Charles X]

This is an AP article. So much for legitimacy.

[Brochettaward]

Naturally, the AP says that if Republicans win, bad things happen. Where as more of these wonderful great economic gains will continue if Democrats somehow hang on.

Amazing how that works, aint it?

The Republicans are the obstructionists. They and they alone are responsible for the deadlock, or so I'm told. So, what...are they going to obstruct their own party if they gain control?

What the article really means is that if Republicans win, Democrats are going to be bitter and continue what they've been doing - refusing to compromise. Because, you know, those 2008 and 2012 elections had consequences. 2010 and this midterm election? Don't count.

[Sevo]

"What the article really means is that if Republicans win, Democrats are going to be bitter and continue what they've been doing - refusing to compromise"

D's are going to stamp their feet and get really angry if the opposition party opposes what the D's want! Shame on them!
I've voted R maybe ten times in my life, which is ten more than a D vote, but the D hubris is entirely too much. That hag actually did say 'we have to pass it to find out what's in it.'
And that slimy excuse for a human being presumes to a position of power.

[creativebioarray22]

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