Gridlock is Good – Except in the Jaws of Massive Public Debts

by David Stockman

James Madison is surely smiling from his grave.

Pursuant to his constitutional design, last night a badly divided electorate got an utterly gridlocked government — with the Supreme Court and Senate in the hands of one party and the House of Representatives and White House marginally in the hands of the other. That’s as good an RX against tyranny as it gets.

Vlad Putin is probably smiling, too. His economy is being battered by Washington’s bully-boy sanctions because he has been falsely accused of throwing the election to Trump in 2016. This time, even by the lights of the Dem and Deep State Russophobes, however, Putin appears to have been AWOL.

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