Wednesday, November 08, 2006

Can of Whoop Ass

  • Now I haven't been paying too much attention to the post-election speeches, but we have to be honest and say that the Democrats opened up a can of whoop ass on the Republicans last night. The House goes easily to the Democrats, and the Senate looks like it may go that way, too.
  • The stock market didn't expect the Senate to change control, so the market futures have gone down.  Not much.  The reality is that there is still gridlock because the President has the veto pen.  Bush will not sign anything that raises taxes, but the previous tax cuts will expire because Charles Rangle has said this is what he'll let happen.  In addition, there may be a push for more green energy, which Bush would most likely support.  Defense spending should continue to stay high because we are at war and terrorism is a real threat here at home.  I imagine Bush would veto stem cell initiatives as well. Pelosi says she's going after drug companies, so it'll be interesting to see what happens there.
  • Saturday Night Live may be funny again with gridlock!
  • Of course, the market futures could also be selling off a bit because of the unexpected Britney Spears and Kevin Federline divorce announcement.

blog comments powered by Disqus