“Politics is the art of doing something you can do nothing about.”
— Mark Skousen
“We are protected by the jury box, the ballot box and the cartridge box.”
— Senator Steve Symms
Funny how politics works. The Republicans were in charge of all three branches of government in 2000, and what did we get? Temporary tax cuts, Sarbanes-Oxley, a Middle East war and the Patriot Act, the unfunded Prescription Drug Act, growing deficits and a devastating financial crisis. The Democrats gradually took over and in 2008 effectively gained control of all three branches of government. What did we get? ObamaCare and Dodd-Frank, tax increases and more deficit spending.
Now that the Republicans have taken over Capitol Hill, can they make any difference? Gridlock is expected for the next two years as President Obama threatens to veto both tax cuts and attempts to repeal any aspect of ObamaCare or Dodd-Frank (his two signature pieces of legislation). The best chance for “real change” might be to elect a Republican president in two years.
It certainly is easy to become cynical about politics.
Read more about whether this week’s elections will actually make any difference at Eagle Daily Investor.