The media told us it would be close. It wasn’t. Now that the dust has settled, and gridlock is about to begin (as I reported here on October 17), the new script is being written.
The Wall Street Journal ran this headline: Businesses See Hope for Stalled Agenda After Midterm Elections. It was followed by this subhead: Corporate Taxes, Immigration, Trade and Energy Have Eluded Breakthroughs.
Indeed, they have eluded breakthroughs. And what, pray tell, heralds a change, now that the federal government is heading for two years of gridlock, posturing, and sound bites? This:
American businesses are hoping the dust will settle from Tuesday’s GOP takeover of Congress with new attention on corporate taxes, immigration, trade and energy, top priorities that have eluded breakthroughs in recent years.
A post-election landscape that includes a more sharply divided government is likely to lead to continued frustration over some items on businesses’ wish list. At the same time, a reshaped political landscape could lead Congress and the White House to seek legislative breakthroughs on some economic issues before the 2016 election season heats up.
This is bloviation. This is filling a screen with piffle. This is a vain attempt to get readers filled with hope. Hope sells subscriptions. Anyway, it increases site traffic.
The voters need to be entertained. They need to think Something Big Has Just Happened, and more important, Even Bigger Things Are About to Happen.
It is business as usual in Washington. Expect lots more of the same.
From now on, it will be Hillary, dillary, dock.