11-10-2020, 10:01 PM
(11-10-2020, 09:48 AM)BostonCard Wrote:(11-10-2020, 09:21 AM)Mick Wrote: I think it will depend on the stimulus, candidly. The Democrats can solve an awful lot of self-inflicted problems under the rubric of a blowout stimulus -- essentially what Pelosi was gambling on, initially. Frankly, I think it's a pretty good idea. As Mayor of Chicago Rahm Emanuel said "You never let a serious crisis go to waste. And what I mean by that: it's an opportunity to do things that you couldn't before." COVID crisis = save lots of underfunded/nonfunded Democratic projects. Sounds like it's time to do that. With a $27 trillion debt, what's another $2 trillion?
https://www.worldometers.info/us-debt-cl...ary%202020.
Pelosi gambled on capturing the senate and presidency and (barring something unexpected in Georgia) lost. As a consequence, she will have to deal with Mitch McConnell who appears to have rediscovered his party's fiscal prudence. I would be surprised if the stimulus breaks the $1 trillion mark, and will require some serious concessions to Republicans.
BC
Without the stimulus, we're in trouble. The Republicans are on the verge of being seen as genuine bad guys. If the economy craters because of the lack of the second stimulus, then the Democrats won't need any other talking points.
Some projections from our Wall Street friends:
https://markets.businessinsider.com/news...1029624514
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