The Republican Party not only was elected into control of the White House, the House of Representatives, and the U.S. Senate, it will also control the majority of state governments. In a note published on Tuesday, Bank of America strategist Jared Woodard points out thatan unprecedented moment of national political unity
. Perhaps not surprisingly, the legacy media continues to describe the election as divisive and the Republican campaigns as rooted in darkness and anger—despite the fact that GOP candidates were propelled to victory by a surge of hopefulness about the future.was one of the principal drivers of the election. Every exit poll supports what the pre-election surveys told us: that the state of the economy—and.
Scott Bessent speaks at the National Conservative Conference in Washington DC, on July 10, 2024. or a bond market disruption could prompt some Republicans lawmakers to hesitate to support a full-extension of the Tax Cuts and Jobs Act or Trump’s other tax cut proposals.
“A larger budget deficit and higher tariff costs could both be solved by higher GDP via energy maximalism, deregulation, and industrial onshoring to unleash private sector productivity,” Woodard notes., famously taught, “With great power comes great responsibility.” Republicans handed this much power by American voters should endeavor to live up to the responsibility of forging deep changes in our economy. If it is not used vigorously, the electorate will surely take that power away from them.
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