Friday, September 30, 2016

Sore Losers are the only Guarantee in November

No doubt about it, when the election results come in, supporters of whomever looses will be furious and the accusations of voter fraud and cheating will abound.  If it's close, the supreme court will likely be called in and that will raise the stakes and emotions even higher.

Should Hillary win, she will not very likely get majorities in either the house or senate.  There is a possibility that she will have learned from her husband that success can be achieved by working with the opposition.  It's not clear if republicans are willing to reciprocate.  The elephant in the room is the looming replacement of Justice Scalia.  The court has been a tit-for-tat replacement for years and only on the rarest of occasions has a seat changed from conservative or liberal or vice versa.  There are some old and frail folks on the court on both sides and the next president will shape the politics of the court for a generation - perhaps longer if appointments go to younger judges. The elements of her campaign designed to reel in the left - like free college, raising taxes on the rich will not happen because she will not get the legislative mandate.

Should Trump win, no one really knows what to expect.  It's hard to tell if he is pandering to the right or if he really plans to enact plans like building the wall.  I expect he will focus on domestic issues and stay away from international affairs, but if something big happens, all bets are off.  If he wins and keeps the congress, he should have an easy time with justices - and the right will be happy.  Every step he takes to dismantle Obamacare will be meet with visceral opposition, but if it does not get funded, it will die.  Since so much of the move to green energy has been by administrative decree and rule making - side stepping congress, it will be interesting to see where Trumps efforts to put the breaks on go.  Cutting subsidies for electric cars, cutting regulations that closed coal fired power plants. and hundreds of EPA rules that affect a variety of business.  If he does this right, he will succeed in growing the economy, but since he does not have the media on his side, he will have a rolling fight every step of the way.

We should be prepared for a few very rough November - January.  Maybe a few prayers for heavy snow and bitter cold will soften the blow.

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