Wednesday, November 3, 2010

Congrats to the Republicans That Won Election

The people have spoken. Here in Ohio, the Republicans are back in charge. Perhaps Tom Noe can look for a pardon and another chance to run a $50 million dollar coin fund for one of the State of Ohio's pension funds. He did such a good job when he managed a coin fund for the Ohio Bureau of Workers' Compensation.

It will be interesting to see what the Republicans do in Congress now that they control the House. Everyone can watch and see if the Republicans are going to cut spending. They want to cut taxes and balance the budget. Well, let's watch and see.

Stay tuned.


LceeL said...

The only problem with this is that as the economy recovers (and it will - in spite of dire predictions otherwise) those who are in 'office' will be able to claim credit - for something that most likely would have happened anyway. But their claims of credit will lend them credence in the eyes of the voting public. On the other hand, should the economy take its time and stagnate for the next two years, perhaps the TPs and the Republicans will get to share some of the blame - which rightfully belongs to them in the first place. (The Republicans, that is)

moneythoughts said...

Lou, I can't wait to see how things in Congress will be different.

winslow said...

I don't think the Democrats will use the continual negative propaganda that the Republican used. Almost eveyday, we heard about "socialism" taking over. The scare tactics work.

moneythoughts said...

Winslow, I agree. I think you are right about that. I have written several times that economics is easy, but politics is hard. Almost ever economist of any reputation in the United States has acknowledged that government spending is the best way to bring the economy out of the recession. The Republicans know this, but their game plan was to not let Obama win at any cost. What makes it interesting will be the Tea Party winners and their knowledge of economics.