What can Brown do for you?

[olger]

Scott Brown - 53%

Croakley - 46%

In the words of DGrimm,

hahaha hehehe hohoho

g

[karl]

Below are excerpts from an article in The Atlantic" written a week before Brown's election.

In general, the market loves gridlock, no matter who is in power. And if Democrats lose their 60-seat filibuster-proof majority, then the investors and traders could be very pleased. Gridlock means less legislation and less political uncertainty. Suddenly political risk has a smaller effect in the equation.

..... First, there's health care. Although Congress' reform push is a boon for the medical industry, it would be incredibly costly for everyone else in business. Cap and trade would put business in a similar situation. Some big firms who benefit from receiving the carbon credits for free from the government would benefit, but essentially everyone else -- especially small business -- would suffer. .

....smaller firms probably won't fare as well. They'll have more trouble competing if health care reform, cap and trade and stricter regulation triumph. If those efforts are in jeopardy, then the market could be pleased. A broader recovery in small business would also likely mean a faster economic recovery, since small business is a more major driver for job creation.

Then, there are taxes. They'll have to rise before too long, given the nation's deficit woes, but you can be pretty sure that Republicans will resist any tax increases with all their might. Again, the market would love such an outcome. Lower taxes mean higher corporate earnings, which bring higher stock prices.

But ultimately, I'd be surprised if we really had true gridlock, even with a Brown win. Instead, I think you'll see legislation get through, but it will have a distinctive Republican influence. In the health care reform debate, Republicans had little voice regarding what the bill looked like. If Democrats lose #60, I'd expect that to change.

.... a Brown win might result in exactly the kind of inaction or weak action by Washington that investors would celebrate.

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Entire article here: http://business.theatlantic.com/2010/01/what_a_brown_win_would_mean_for_the_market.php

"Be thankful we're not getting all the government we're paying for." - Will Rogers

[Woody]

If this ain't politics ... I just give up trying to figure out what is.

But anyways ... What can Brown do for me? He already has done for me what needed doing. STOPPING OBAMA.

[Woody]

He certainly is the scott heard round the world.

[Woody]

well dgrimm .... if I was in the Original Thoughts forum ... I would not be allowed to post it ... :)

[bonnie]

If this ain't politics ... I just give up trying to figure out what is.

But anyways ... What can Brown do for me? He already has done for me what needed doing. STOPPING OBAMA.

We may find out he has only been a sizable speed bump to Obama.

Personally I think he will only withdraw a few steps.

I don't think Scott Brown is a conservative in the same way Reagan was.