Wednesday, October 17, 2018

Some things to look for if the Democrats win back the House

Democrats taunt TEA Partiers at the passing of Obamacare

National Review: What to Expect if Democrats Win the House  "More big spending, pushback on deregulation, heavy investigation of administration officials, but no big-ticket items from the Left’s agenda"

. . . "First, despite the hopes or fears of both sides, we can forget about the big-ticket items on the Democratic left. We are not going to see single-payer health care, guaranteed jobs for everyone, or free college. While the loonier elements of the Democratic party have been campaigning on the idea of “Make Venezuela Great Again,” most of the party is united on little more than opposition to President Trump. " . . .
. . . "The one thing that a Democratic Congress can absolutely do is . . . make Donald Trump’s life miserable. Impeachment is not going to happen, but a Democratic House would have investigatory and subpoena power. Elijah Cummings would likely become chairman of the Oversight Committee, Adam Schiff would take over at Intelligence, and Jerry Nadler at Judiciary. Consider it a full employment opportunity for White House lawyers. From Russian collusion to emoluments to the myriad scandals of the Trump cabinet, administration officials can expect to spend so much time testifying before Congress that they might as well move cots into the halls of the Capitol." . . . 
Choice of Democrat voters

House Democrats poised to take the gavel on key committees should a blue wave materialize in November are already laying out their top priorities for 2019.
Two of their top priorities? Global warming and going after Department of the Interior Secretary Ryan Zinke. (RELATED: Scientists Throw Cold Water On Claims Linking Hurricane Florence To Global Warming)

The Trump/conservative agenda will be dead if the Democrats regain the House in November.  Some to consider: 
Financial Services: Republican Jeb Hensarling (TX) replaced by Maxine Waters of California; Judiciary, Republican Bob Goodlatte (VA) replaced by Democrat Jerry Nadler (NY); Oversight and Government Reform: Republican Trey Gowdy (SC) replaced by Democrat Elijah Cummings (MD)
That'll work...turn our finances over to Maxine Waters. What could go wrong?
Democrat voters
Aug 27: Tyler Durden at Zero Hedge: With Democrats Set To Win The House, This Is What Happens Next
. . . We expect that a fiscal policy in late 2019 and 2020 would be slightly more expansionary under continued Republican control than under a divided Congress, mainly due to tax policy. If Republicans hold on to their majorities in the House and Senate, they would likely attempt to enact a second round of tax cut legislation. This would be possible through the reconciliation process, which allows the majority to pass fiscal legislation in the Senate with only 51 votes, rather than the customary 60 votes. In this scenario, we would expect only a modest additional fiscal boost, as there is likely to be limited support for substantial additional tax cuts in light of the growing deficit. By contrast, under a Democratic majority, we would simply expect little activity on the tax front, as congressional Democrats are unlikely to support additional tax cuts while congressional Republicans and the White House would be unlikely to support any reversal of the prior tax cuts. Under either scenario, the boost to growth from fiscal policy is likely to mostly fade by 2020 from the roughly 1pp we estimate in 2H 2018 . . .
If the Democrats take back the House and Senate in 2018, can they impeach Trump?
. . . "So in short, the only way Democrats can impeach Trump in either of these two scenarios:Scenario A - They win a simple majority of the House of Representatives and they control 67 seats in the US Senate, orScenario B - Trump does something so egregious and heinous that some Republicans in the Senate are willing to crossover and vote “Guilty”, enough to make-up the 67 votes neededOtherwise, you are left in the same situation Clinton was in in 1998: Not Guilty" . . .
Democrat voters 
 If Democrats win the House  For openers, Rep. Maxine Waters, D-Calif. would head the Financial Services Committee and have subpoena power. Under Democrats I can see ISIS growing in power again and North Korea being less cooperative with us. TD

Here’s What May Happen to Your Taxes If Democrats Win the House


Republican voter after meeting Democrat voters.

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