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If Democrats Take the House What Happens Next?

By

Nancy Pelosi, USAID Afghanistan

At The American Conservative, Pat Buchanan explains how if the Democrats take the house, they will be the perfect foil to President Donald Trump’s criticisms. The Democrat Party will then have responsibility, but no real power. Pat writes:

In the final days of this election, Bloomberg just invested $5 million to air, twice nationally, a two-minute ad for the Democratic Party that features Bloomberg himself denouncing the “fear-mongering,” and “shouting and hysterics” coming out of Washington.

That $5 million ad buy was only Bloomberg’s latest contribution to the Democratic Party during an election campaign into which he had already plunged $110 million of his own money.

Contributions of this magnitude support the idea that Bloomberg will seek the presidential nomination as a Democrat.

The mayor has been a Republican and independent as well as a Democrat. And as the Washington Post‘s Robert Costa relates, Bloomberg has drawbacks: “He speaks flatly with the faded Boston accent from his youth, devoid of partisan passion and with a technocratic emphasis.”

With the energy of the Democratic Party coming from militants, minorities, and Millennials, would these true believers rally to a 76-year-old Manhattan media magnate.

On the left wing of the Democratic Party, which seems certain to have a finalist in the run for the 2020 nomination, the competition is stiff and the pressure to move early equally great.

If socialist Bernie Sanders is not to lock up this wing of the party as he did in 2016, Senators Cory Booker of New Jersey, Kamala Harris of California, and Elizabeth Warren of Massachusetts may have to move soon.

Nancy Pelosi is determined to become speaker again if Democrats take the House on Tuesday, while the Congressional Black Caucus has entered a demand for one of the two top positions in the House.

Millennials also want new leadership. And to many centrist Democrats in swing districts, Pelosi as the visible voice and face of the national party remains a perpetual problem.

If the Democrats fail to recapture the House, the recriminations will be sweeping and the demand for new leadership overwhelming.

But even if they do capture the House, the rewards may be fleeting.

A Democratic House will be a natural foil for President Trump, an institution with responsibility but without real power.

And should the economy, which has been running splendidly under a Republican Congress and president, start to sputter under a divided Congress, there is no doubt that the Democratic House majority, with its anti-capitalist left and socialist ideology, would emerge as the primary suspect.

Also, if Democrats win the House, Maxine Waters could be the new chair of the House Committee on Financial Services, Nancy Pelosi is determined to become speaker again if Democrats take the House on Tuesday, while the Congressional Black Caucus has entered a demand for one of the two top positions in the House.

Millennials also want new leadership. And to many centrist Democrats in swing districts, Pelosi as the visible voice and face of the national party remains a perpetual problem.

Read more here.

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Richard C. Young

Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.