Its because the market respects stability and sensibility in Government and the thought of the purse strings being controlled by adults gives rise to optimism among investors.
4. We know a lot of bills will suddenly come due and that
the republipricks will try to blame it all on the new Democrats in office. Expect a recession in 2007 and no recovery until the GOP is completely out of power.
The economy has been unsustainable since the 80s, with more paychecks sent offshore every year and only easy credit and inflating housing holding most families with their heads above water.
You can't export the paychecks and import debt and expect the good times to roll on forever. A lot of people are going to get a harsh lesson in practical economics. Some of them will be the right people.
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