The Democrats did not misread their understanding that the Senate would switch and the US House would gain Democratic members. Traditionally, when a president is elected, which many believed Joe Biden, as I do, will take the presidency, the down-ballot follows.
This presidential election is not normal. Joe Biden and Kamala Harris knew they were running for the soul of this country. That focus was a part of their speeches every day. It was an easy fit for Joe Biden because it is where he lives and has lived all his political career.
It is a remarkable election and I strongly believe if there are two people in this county that can heal the nation and bring us together it is Joe Biden and Kamala Harris.
There is a lot to do and I back the idea that to return the economy the virus must be vanquished. The financial markets have been a roller coaster quite frankly. They have not recovered to their high this year. Traditionally, if the markets are experiencing this type of volatility the incumbent is not returned to office. Markets like predictability and they act on it. There was a lot of money lost in the markets this year through their own fault. There is far too much gambling within the markets with exotic instruments. COVID-19 had no sympathy for them.
Americans need to remember the financial markets are not where their jobs are. Small businesses are the place Americans find their jobs. Small businesses for the most part do not have IPOs and are not leveraged on the stock exchanges. The USA can easily recover without the financial markets being happy and the focus of national concern. Their exotic instruments should be put on hold and that might be enforced in China (click here). Joe Biden's top priority is to make the SARS-CoV-2 grip on the USA end.
To return to the election, I love the FACT so many young people are involved in this election and they are seeing their faces among the candidates. That is vital for a lot of issues the Democrats will face this year (Excluding the economy for a moment.), including health care, climate, SSI, and Medicare.
In my opinion, the reason the states are becoming a bit unpredictable is because of the Citizen United decision. I might add the candidates that won this year did so without big money from the petroleum industry and the NRA. Why? Because they are failing industries as they should be. As the young generations are taking their place in the power structure of the government these ancient industries will wane.
Citizens United has caused both parties to invest heavily in advertising. The enormous number of ads get voters attention and as they are repeated over and over it reinforces their belief systems and compels them to the polls. The ads don't necessarily change anyone's mind, so much as reinforces voters reasons to vote in opposition of "the other candidate." Citizen United is causing these small margins of votes for a win.
In the final analysis, this election was about the security of the democracy called the United States of America. Rightfully so. The Democrats need to reset their priorities and the leadership should not take for granted a win by Joe Biden and Kamala Harris is permission for an agenda the country may be uncertain about. On the other hand, the Republicans need to examine their really incredible lack of loyalty to the USA Constitution. Trump should have been removed from office and if he was just maybe more than 220,000 Americans might still be alive.
October 30, 2020
By Matt Phillips and Eshe Nelson
Stocks fell on Friday, (click here) dropping for the fourth time in the past five days in a retreat that has added up to Wall Street’s worst week since March, as rising pandemic cases, new shutdowns and a sell-off in large technology stocks all dragged the major benchmarks lower.
The S&P 500 fell 1.2 percent Friday, bringing its loss for the week to 5.6 percent. That’s its biggest weekly drop since the week through March 20, when stocks plunged 15 percent before they began to rebound after the Federal Reserve and lawmakers in Washington stepped in to bolster the economy. The Dow Jones industrial average fell 6.5 percent for the week, also its worst decline since March.
The latest sell-off has come as a second wave of cases forced more lockdowns in Europe, threatening the economic recovery and spooking investors around the world. In the United States, a record number of cases is prompting city and county governments to start imposing curfews and limits on gatherings....
November 4, 2020US stock markets (click here) have recorded their biggest post-election leap in decades despite continuing uncertainty over which candidate will win the race.
