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Lower energy prices will derail his energy agenda. Cap-and-trade, or as some refer to it, cap-and-tax, will have enormous impact on fixed income folks. Senior citizens will show their disdain in mid-year elections. Can you say Republican-controlled House of Representative? Just as 2008 election cycle set up poorly for Senate Republicans -- either 2010 or 2012 -- is similar scenario for Senate Democrats. Lots of incumbent Dems up for re-election (or retiring or dying) and fewer Republican seats up for grabs. If Dow sail through 10000, I look for Democrats to claim credit. However, when it lags back to 5000, blame will squarely fall upon "previous administration" and its failed policies. Spin-spin-spin...
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@wire2wirewin Turf Economist since 1974 |