by Michael Snyder
The Economic Collapse Blog
The results from Georgia are going to have enormous implications for the financial markets. If Democrats win both of the seats that are up for grabs, that will give them control of the Senate, the House of Representatives and the White House. For the first time since the first two years of Barack Obama’s presidency, the Democrats would have an opportunity to advance their agenda without compromising with the Republicans, and that is extremely frightening for investors. The Democrats have made it very clear that they intend to raise taxes on big corporations and the ultra-wealthy, and that wouldn’t be good for the stock market bubble at all.
As I write this article, the two races are still too close to call, and we probably won’t know the final results for a while.