Political Map in U.S. and Economic Changes
What will this year?s mid-term elections in the United States mean for the U.S. economy, and after that the world economy? If control of the Senate switches from the Republicans to the Democrats, a shift may at first be minimal but if the mood of the country changes ? positively or negatively ? according to the relationship between a Republican House, a Republican White House, and a Democratic Senate, then gross shifts will be possible. Of course, the likelihood is that if one house of Congress changes over from the control of one party over another, then the other house will switch too.
There is among many the perception that despite whatever shift takes place in the Congress, a wider, more silent, shift is also transpiring in such as a way as to remake the political landscape in the U.S. The reasoning behind this perception is that in the White House at the moment is a Republican president who is big on public spending and yet calls himself a conservative when, by tradition, conservatives tend to be smaller government-oriented. As Ronald Reagan once said, ?government is not the solution to our problem, government is the problem.?
And in this era of anti-Bush rhetoric, you have traditionally ?big government? Democrats complaining about the gigantic increase in the size of government under George W. Bush. There was a shift, some time ago, of Southern politicians from Democrat to Republican, and since then the South has shifted much in terms of party affiliation. Whether the Congress switching parties will benefit or harm the U.S. and beyond that the world economy after this year?s elections remains to be seen, but if stagnation is rife in Washington it doesn?t matter what party holds power ? the economy will suffer.
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