Gone is the euphoria eh?
The next few months are gonna be a bumpy ride….
Wall Street began the year with a tumble on Monday, with the S&P 500 on track for its steepest decline in more than two months as it retreated from record territory.
The index was more than 2 percent lower by midday, with stocks that have been most sensitive to investor sentiment about the coronavirus pandemic leading the decline. Shares of Royal Caribbean Cruises, Wynn Resorts, Marriott International and Carnival, were all more than 5 percent lower.
Monday’s retreat comes after the S&P 500 rallied more than 16 percent in 2020, defying the economic crisis and the human catastrophe of the pandemic, as the Federal Reserve stepped in to support financial markets, Congress spent trillions on unemployment and business support programs, and vaccinations began, showing a sustainable way out of the pandemic.
But investors have always had to contend with the still-spreading coronavirus pandemic, the risk of new lockdowns and political turmoil in the United States. Countries from Japan to Britain are contemplating more restrictions that will weigh on economic growth, and on Tuesday, two runoff Senate elections in Georgia will settle control of the upper house of Congress, and finally determine how hard it will be for President-elect Joseph R. Biden Jr. to move forward on his agenda.
Though major benchmarks in Europe held on to their gains, they were also off their highest points of the day….
Part of this is related to the increasing likelihood of Democrats winning the two seats in GA and thus, the party having total control over the White House and both Houses of Congress.
Perhaps also that Biden is focused on a Democrat for Commerce Secretary and thus *NOT ONE* Republican will be in the Cabinet either. That is absolutely a broken campaign promise by Biden. Almost all recent Presidents have at least found one spot for a member of the opposite party (even Obama), but Biden does not want to do this now? That is disappointing.
No, Biden should not have a Trump supporter in his Cabinet, but there are plenty of Republicans who d not fit that bill, and Biden definitely would not be President if not for the votes of those who had not voted for a Democrat for a very long time, if ever.
I HAS BEEN clearly evident that Biden is waiting to see the results of the elections tomorrow before going ahead with several spots in his admin…
No, that is something in your head that is not really shared by others and has nothing to do with what I brought up.
How hard would it be for Biden to find a NeverTrump Republican for Commerce Secretary?
Back in the primary, he and Harris were bragging about how many former GWB Cabinet Secretaries had endorsed them.
We’ll see CH….
But he doesn’t have to have this
Trump’s first Cabinet had Democrats Wilbur Ross and David Shulkin, promoted as an Obama holdover at VA. Ross is still there. Plus, top White House advisors Gary Cohn, Peter Navarro, Ivanka, and Jared.
There is not one Republican named by Biden to anything. Maybe Cindy McCain will get to go to the Court of St. James. Whoopie.
Hahaha!
Yeah some real Democrats there!
Shulkin, a registered Democrat, was Undersecretary of the under Obama and then nominated to the top job by Trump (who liked to blame John McCain for the horrible situation of the VA), He does not count?
Gary Cohn did not count?
Is there one actual Republican (pre-Trump at least) that we know of who is going to be part of the Biden Admin beyond someone like Wray who has a 10 year term?
(For the record, I am not saying that General Austin is a Democrat. I have no reason to believe he belongs to any party, same as the case with General Mattis, despite Trump later claiming Mattis was always a Democrat.)
Think about how much George Conway for Attorney General (or Deputy Attorney General or something in the Department) would drive Trump crazy. Wouldn’t that be fun?
The Justice Department should be apolitical but a case can be made that Biden probably is not President if not the efforts of George Conway.
I have no objection to appointing someone who calls themselves a “Republican “ to any position.
Frankly, I don’t see it as any big deal.
I know that no person who wants a future in the Republican Party would want such an appointment by a President whom most Republicans label as “illegitimate.”
Or maybe they can do like Ross did and “reregister”as a Democrat(Ross having “reregistered “:as a Republican After being appointed by Trump.) Then there was Navarro, who has been ,at various times, a Democrat, a Republican, an Independent .The voter registration people must love him!
I just see no particular significance to this.nor I believe it will have much of an effect on anything.
When was Navarro ever a Republican? He ran for Congress as a Democrat and was even once a featured speaker at the party’s national convention. He might have run as an Independent for a non-partisan office in San Diego.
Biden can pick someone who was once a Republican but switched to being a Democrat because of Trump. I have mentioned former Hawai’i Congressman Charles Djou, who would also be the only AAPI person in the Cabinet, in which there has been one for over 20 years now.
As far as I can recall, the last time a Cabinet did not at least have a token member of the opposition party was Clinton’s first term. He did have David Gergen working at the White House though, when Gergen had been mostly associated with past Republican Presidents.
As well as Dick Morris sneaking in after hours.
William Cohen was a Bill Clinton Defense Sec
How about Biden giving Sen Collins a job?
Had she lost that might have been a good idea.
But she won, and will be one of the most influential people in the Congress now.
It is interesting that Biden did not offer a job to any of the House Democrats who lost.
Yes ….
Interesting….
Maybe coming after tomorrow?
He’s a Republican now.He “reregistered “after Trump appointed him.He ,at various times ,claimed to be a”Reagan Democrat” and said the Democrats had “deserted “ him..
So?Who cares?
Maybe Biden can appoint George Conway, a “Special advisor?”Then Kellyanne can tweet every morning what a sorry so and so Biden is and George can hurry out to defend him!
Fox and Friends will have a field day!
And why not mention Trump who was a ‘registered ‘ Democrat’ , Republican and other?
Final drop was 383 points….
Not just politics….
back in the election*