As predicted, US elections produced split congress with Democrats taking control of House of Representatives and Republicans keeping Senate (with increased margin). Pundits will analyze these results and comment on how nation is divided. I beg to defer! In my opinion,
Divided congress = United America!
People want their politicians (I refrain calling them leaders yet) to work together and implement policies and pass bills which both parties agree on. If divided congress produce complete gridlock, that's ok since at least nothing will happen. It also means no bad policies will be implemented. Time and again this has proven very effective. Some of the best years of 60s, 80s, 90s and recent Obama years had divided congress. Markets seem to agree that divided congress is good and hence all indices are up significantly.
Now that Democrats control house, let's look at 4 "i"s of Democrats:
Infrastructure, Immigration, Investigation and Impeachment.
If Nancy Pelosi and Democrats learn from past history, it would be best for them to focus on first two signature policies - Infrastructure and Immigration and work with President Trump in 2019 before politics of 2020 elections take over and nation gets fixated over last two - Investigation and Impeachment. If President Trump wants to leave legacy in his first term, it would be best for him also to work with Democrats on Infrastructure and Immigration. After all last major immigration bill happened under Republican president (Reagan) in 1986 and people remember him for that. President Trump already has lower taxes, strong economy, lowest unemployment in decades. He can add feather to his cap by working on Infrastructure and Immigration and leave a legacy behind!
Both Pelosi and Trump need to keep their "i" ego aside and focus on "we" to Make America Great Again!
Happy Diwali!
/Shyam
Divided congress = United America!
People want their politicians (I refrain calling them leaders yet) to work together and implement policies and pass bills which both parties agree on. If divided congress produce complete gridlock, that's ok since at least nothing will happen. It also means no bad policies will be implemented. Time and again this has proven very effective. Some of the best years of 60s, 80s, 90s and recent Obama years had divided congress. Markets seem to agree that divided congress is good and hence all indices are up significantly.
Now that Democrats control house, let's look at 4 "i"s of Democrats:
Infrastructure, Immigration, Investigation and Impeachment.
If Nancy Pelosi and Democrats learn from past history, it would be best for them to focus on first two signature policies - Infrastructure and Immigration and work with President Trump in 2019 before politics of 2020 elections take over and nation gets fixated over last two - Investigation and Impeachment. If President Trump wants to leave legacy in his first term, it would be best for him also to work with Democrats on Infrastructure and Immigration. After all last major immigration bill happened under Republican president (Reagan) in 1986 and people remember him for that. President Trump already has lower taxes, strong economy, lowest unemployment in decades. He can add feather to his cap by working on Infrastructure and Immigration and leave a legacy behind!
Both Pelosi and Trump need to keep their "i" ego aside and focus on "we" to Make America Great Again!
Happy Diwali!
/Shyam
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