The midterms were about the economy, too

Democrats will control the House of Representatives come January, ushering in at least two years of divided government. Despite long lines, broken machines, and bad weather in some locations, many issues drove what’s likely to be a record-breaking turnout for a midterm election. Republicans were able to retain control of the Senate, gaining two seats while Democrats lost one.

The top concerns, according to the Associated Press, were health care and immigration, but the surging economy, for which President Donald Trump has taken credit,’was still on voters’ minds at the polls Tuesday.

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And here’s another article:

After midterms, Trump’s economic programs appear safe, but new tensions could cause market volatility

Republicans apparently lost the House but held onto the Senate in midterm races, promising President Donald Trump’s economic programs are likely to remain in tact.

The newly empowered Democrats are likely to have a fractious relationship with the president, do not see eye to eye with many of his policies ‘ and they may try to impeach him.

Stock futures were firmer Tuesday night, but well off highs reached when it looked like Republicans had a chance of holding onto the House. Treasury yields were lower, and the dollar gave up its early evening gains and was lower against the euro.

  • Publisher: CNBC
  • Date: 2018-11-06T23:14:17-0500
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2 economic policies likely to change with Democrats in control of House

Steven Pressman does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasn’t one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and that’s exactly what we’re getting.

  • Publisher: The Conversation
  • Author: Steven Pressman
  • Twitter: @ConversationUS
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This Is How the Midterms Could Impact the Economy

When President Trump won the 2016 election, it was a shock to many including those in his own party. Economic sentiment among Republicans shot up in subsequent polls, long before the economic fundamentals began to shift into higher gear. Much of the economic acceleration did not occur until the months following tax reform, well over a year later. It was the election, not the economy, that had people excited.

Politics are divisive. There is little disputing that regardless of which the side of the aisle one chooses to sit. Moreover, it should not be surprising that Republicans are far more optimistic about the future state of the economy than Democrats are. Moreover, this has more impact on the future trajectory of the U.S. economy than might be suspected.

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The Democrats Didn’t Win Big, and It’s the Trump Economy That Hurt Them

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