Washington might steer the economic ship in some ways, but the majority of the thrust and progress is tied to a much more powerful and immutable force. Regardless of what Congress does over the next four years, my money is on the American worker, not a political party.Īs much time and mental energy have been spent wrangling over this election, in the end, it’s not Washington that propels the American economy.
While as an investor I’m excited to see this purple haze fall over the United States, ultimately my driving reason for putting money to work in the stock market and the U.S. $1 trillion or $2 trillion? This month or late January?īut when it comes to larger and more controversial issues like corporate tax hikes, personal tax increases, and health care, without a lopsided government, very little is likely to change. The question is more about the scale and timing. For one, there is bipartisan support for a new economic relief package due to the COVID-19 pandemic. Will taxes go up? Will health care legislation be repealed? Will dramatic new regulations impact my industry? This kind of sweeping legislation can only be accomplished with bipartisan support or a lopsided government.Īt least in some cases, I do think we will see both parties work together in the coming years. Which as you can see has actually delivered the best average annual market returns of any political combination.īoth large and small businesses shudder at the thought of large and looming policy changes. Where will we end up in 2021? Most likely option No. Split Congress and Democratic president? Average S&P 500 return: 13.6% Split Congress and Republican president? Average S&P 500 return: 8.77%Ĥ. Red Wave: Republican Congress and Republican president? Average S&P 500 return: 12.9%ģ. Blue Wave: Democratic Congress and Democratic president? Average S&P 500 return: 9.3%Ģ. Here’s 86 years of S&P 500 performance alongside various political scenarios.ġ. Send us feedback.Of course, past performance is not always indicative of future results, but we will let history from the past near century be our guide. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'gridlock.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors.
2022 So extreme domestic polarization and political gridlock in a country weakens the power abroad and weakens the ability to lead internationally.ĬBS News, 29 June 2022 But everyone largely agreed that bipartisan work and communication are vital to moving the country forward and escaping political gridlock.ĭaedan Olander, The Salt Lake Tribune, 15 June 2022 See More New York Times, 25 June 2022 Since taking on the lead role at HUD, Fudge has navigated the inequities laid bare by the COVID-19 pandemic and congressional gridlock. Lindsey Botts, The Arizona Republic, 1 July 2022 With Washington in gridlock, those representatives will have to be found in the states. 2022 Proponents say the bill's passage in the House has been a rare bright spot in a Congress that has been gripped by gridlock. 2022 Nation-state democracies are, to varying degrees, beset by gridlock and hyper-partisanship, little accountability to the popular will, inefficiency, flagging state capacity, inability to keep up with emerging technologies, and corporate capture. 2022 The interstate in Virginia, which is already known for gridlock, reopened Tuesday evening. Recent Examples on the Web: Noun Partisan districts sending partisan representatives to the US House is a major reason for Washington gridlock in recent years.ĭana Bash, Abbie Sharpe And Ethan Cohen, CNN, 25 Jan.
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