(01-04-2021, 01:02 PM)fenders53 Wrote:(01-04-2021, 12:55 PM)Otter Wrote: Under the Dems take Georgia scenario, the legislative filibuster also remains in place (there aren't 50 votes to change it at the start of the new Senate term). So, absent reconciliation, which can't be used in a way that increases the deficit, nothing gets done without 60 votes. The Dems barely scraped together 60 votes to pass the Affordable Care Act in 2009, and only after removing contentious pieces of the House Bill, like a public option.Assured gridlock and the market like that. Some of my REP friends actually cashed out of the market when it became apparent Biden won because a DEM Prez will surely cause a market crash. Yeah that's not been my experience the past 35 years or so. If you can't make money with either party in charge you better school yourself up on how this works.
House majority is much narrower than it was in the last Congress, as well. No one on the House/Senate side is going to want to stick their neck out on anything contentious like Cap and Trade, financial services regulations, etc., when a single Senator (King, Manchin, Tester) can sink the bill, and nothing like that can get to 60 votes in the Senate. Pork (mainly via defense bills) will be the only item on the menu.
Hopefully defense contractors like LMT keep getting taken to the woodshed. I'd like to add more shares. Only went up 400% during Obama's 8 year term.