Recent reports that some moderate House members are uneasy with the Democratic House Speaker’s support of the just passed US Senate Infrastructure Bill aside?
The countries financial people believe that the President Biden’Go BIG’ policy bill’s will get thru Congress…
The 2022 Midterm Elections….
Nancy Pelosi herself and her political skills/power…..
Major Wall Street brokerages are urging clients to look past Democratic infighting and prepare for a torrent of new government spending as House Speaker Nancy Pelosi brings two historic measures up for a vote.
Strategists say that moderate Democrats hoping to persuade Pelosi, D-Calif., to vote on the bipartisan infrastructure bill before a $3.5 trillion budget resolution will ultimately concede for fear of risking their reelection chances in 2022.
“Our base case has been and remains that Congress will approve” a significant expansion of fiscal policy, Morgan Stanley’s head of public policy, Michael Zezas, wrote in a note published Monday.
“Democratic leadership is behaving as if they’ve made the calculation that neither bill has the votes to pass independently of the other one,” he added. “Our base case assumes that this reality ultimately persuades the group of House moderates to support the budget resolution vote and allow the dual track process to continue, though perhaps not without some attendant headlines and/or modest concession.”
Cornerstone Macro, another Wall Street research firm, reinforced Morgan Stanley’s optimism on both Democratic initiatives with some early-week humor.
“Trivia question. Name a top Democratic presidential priority House Democratic moderates have killed in the last four decades?” Cornerstone’s strategists asked their clients.
“It’s a trick question. There aren’t any.”….