With Republicans in control of Congress, will they have a
significant impact on the economy over the next two years?
THIS WEEK’S QUESTION:
“With Republicans in control of Congress, will they have a significant impact on the economy over the next two years?” Yes: 3 No: 6
? Karen Anderson: Sadly, we will likely grind to a standstill since the President has veto power to offset a Republican majority. Americans have an unrealistic expectation of a quick economic recovery.”
? Dave Appling: “Not a positive one. I think the GOP will continue to be the Party of No, focused more on ideology (and the 2012 election) than on the public weal. Practical, bipartisan solutions are what’s needed, but I don’t see them happening. And all those idealistic Tea Partiers are going to be sadly disillusioned.”
Bob Chidester: “Yes. Now that the Republicans will gain control of the House in January, they will have a positive impact on the economy. Businesses will probably start hiring and investing again when they see the uncertainty of the present anti-business Congress lose some of its power. The repeal of the worst bill ever passed (Obamacare), will also encourage more investment. On the other hand, California just elected a radical, self-professed drunk and carouser to run the eighth largest economy in the world. Sucks for you California.”
? David Cohen: “Yes, but only if they are willing to seriously work with the administration and the democratic-controlled senate to accomplish this. If they draw lines in the sand, nothing will get done.”
? Dennis Kennedy: “No! I expect more gridlock and partisan obstructionism. The economy will slowly improve on its own, with the help of the Fed loosening the money supply.”
? Jeff Nunes: “No. Republicans may be able to force some policy changes that will start to help the business environment (such as extending the expiring tax cuts, and possibly curbing the more onerous parts of the health care bill), but with the President holding a veto, and his party maintaining control of the Senate, it will be difficult for the House to create conditions that will make a ‘significant impact’ within the next two years.”
? Lisa Pampuch: “No, the damage done by the Bush Administration’s eight years of reckless spending and deregulation has been done. With Democrats in control of the Senate and the White House, Republicans won’t be able to enact much, if any, of their extreme agenda. We’ll have two years of gridlock.”
? Jeff Smith: “Since Republicans now control the House things can’t help but improve. There’s no longer an automatic rubber stamp from the House approving every lame tax, stimulus, or other economy-retarding measure that this socialist administration tries to force through. Unfortunately the Senate is still controlled by the libs, but at least there is now more balance in Washington.”
? Steve Staloch: “No, but neither would giving the democrats another two years to get it right. Politically, neither party exhibits the leadership to make the tough but demanding cuts in spending necessary in order to reverse a $1.3 trillion debt, including cutting retirement benefits, reforming federally funded healthcare programs and revising the tax code. Lip service and spending that is void of vision and responsible oversight are the current administrations solution to job creation, and the new republican leadership believes cutting taxes will create jobs, with no impact on the deficit or a dangerous increase in inflation. Same old song: The blue team believes ‘revenue enhancements’ and more government spending are the answer; the red team, tax cuts and less government oversight. Hard to tell just where the buck stops, although easy to see where the bull starts.”
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