The Case For Gridlock - Mercedes-Benz Forum

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post #1 of 29 (permalink) Old 09-22-2008, 09:28 PM Thread Starter
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The Case For Gridlock

Remember that term? For you kids, most recently, you heard it brandied about during the Clinton years. Nobody could agree on anything (meaning congress and the President). It was derided, it seems, in the news media and by talking sphincters like Rush Limbaugh who has built his business on divisiveness.

But is gridlock actually a bad thing? I had been wondering for quite a while, and if you just look at the last period of gridlock years, the economy as a whole did remarkably well when that tension existed. In short, as I've said elsewhere, only that which EVERYONE agreed must be done actually got signed and funded.

Well, I finally asked Google the right question, and found this gem.

CFA: Gridlock's Gone, Now What?

In short, "harmony" (the opposite of gridlock) is found to result in the following conditions:

* Unfavorable inflation/interest rate developments
* More beneficial to small-cap companies; very unfavorable to T-bills and bonds.


Here's some math so simple even Jayhawk can understand.

Increased legislative action = more government spending as a percentage of GDP = bad for the economy.


Remember the year that was 2006? Not our government's finest hour as it applies to finance.

2006 Fiscal Policy Year in Review: Process Failures, Budgetary Gridlock - Federal Budget - OMB Watch
2006 was a busy year in federal fiscal policy. As in 2005, the regular budget process broke down almost entirely, increasingly urgent issues were neglected, and much time and attention were devoted to consideration of items and priorities seen by many as insignificant and misguided.

As a result, the nation continues to see its overall debt grow at an alarming rate, to the point where interest expense payments on it are the fastest-growing area of spending. Despite this, the President and Congress remained as focused as ever on enacting still more tax cuts, almost all of which strongly favor the wealthy, provide only marginal broader economic benefits, and dig the country into an ever-deeper deficit hole.
So obviously the democrats have no real fiscal conservatives; they gotta go. Obama/Biden, then straight-Republican for congress.

Intentional gridlock fever. Catch it.
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post #2 of 29 (permalink) Old 09-22-2008, 09:39 PM
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So obviously the democrats have no real fiscal conservatives; they gotta go. Obama/Biden, then straight-Republican for congress.

Intentional gridlock fever. Catch it.
Where did that conclusion come from re: Dems and fiscal conservatives? It was during the Clinton years that we moved from a deficit spending to balanced to surplus budget. That is pretty fiscally conservative.

Is what you are really looking for the traditional Checks and Balances that came into play in 2007 when the Dems took over both houses of Congress? That seems to me to be more productive than Gridlock, where NOTHING seems to get done. And while "nothing" can be a good thing, it also has proven to be a bad thing as we have become more and more politically polarized.

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post #3 of 29 (permalink) Old 09-22-2008, 10:14 PM
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gridlock is anti change so it can be comfy. i sure was praying, lol, for gridlock with both the gov and the mayor and it's not happening.. so, screwed we are. the mayor is a total novice and is pulling some idiotic stuff but the council is now repo too and they just rubber stamp everything, so far. fucking idiots.

the gov is the 'oops i forgot a few zeros' Mitch Daniels



in political asylum
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post #4 of 29 (permalink) Old 09-23-2008, 09:12 AM Thread Starter
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Where did that conclusion come from re: Dems and fiscal conservatives? It was during the Clinton years that we moved from a deficit spending to balanced to surplus budget. That is pretty fiscally conservative.

Is what you are really looking for the traditional Checks and Balances that came into play in 2007 when the Dems took over both houses of Congress? That seems to me to be more productive than Gridlock, where NOTHING seems to get done. And while "nothing" can be a good thing, it also has proven to be a bad thing as we have become more and more politically polarized.
Democrats have no fiscal conservatives now, or at least none anyone listens to, because the 2006 congress continued, unabated, down the course set by the "harmonious" government we had from 2001 on.
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post #5 of 29 (permalink) Old 09-23-2008, 10:55 AM
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Hey Q, I liked your old avatar better. Somehow it made you seem smarter.
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post #6 of 29 (permalink) Old 09-23-2008, 11:04 AM
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Democrats have no fiscal conservatives now, or at least none anyone listens to, because the 2006 congress continued, unabated, down the course set by the "harmonious" government we had from 2001 on.
The review you provided was for the 2006 Congress which was Republican led in both House and Senate. The 2007 Congress is the one that had Democratic leadership. And in 2007 we did trim the deficit spending by 30% for that year. It came back up in 2008 and will continue up due to all this banking stuff. It is not, however due to any "liberal" spending policies or laws that were enacted.

The earmark bill helped cut some of the excess by requiring names to be attached to them. Checks and Balances helped even more.

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post #7 of 29 (permalink) Old 09-23-2008, 11:09 AM
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Proportional Representation: Democracy For Everyone

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #8 of 29 (permalink) Old 09-23-2008, 12:21 PM Thread Starter
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The review you provided was for the 2006 Congress which was Republican led in both House and Senate. The 2007 Congress is the one that had Democratic leadership. And in 2007 we did trim the deficit spending by 30% for that year. It came back up in 2008 and will continue up due to all this banking stuff. It is not, however due to any "liberal" spending policies or laws that were enacted.

The earmark bill helped cut some of the excess by requiring names to be attached to them. Checks and Balances helped even more.
That's what I get for posting at a late hour.

I actually feel better knowing I was wrong. But still think we could use at least 4 years of gridlock to let things simmer down now.
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post #9 of 29 (permalink) Old 09-23-2008, 12:23 PM Thread Starter
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Hey Q, I liked your old avatar better. Somehow it made you seem smarter.
Well, I'm not.

I mean smart. I'm not smart, Robert. So this is much more comfortable. You know, I can be "me" with this avatar. I don't have to worry about high expectations, anymore. It says, "Look - this is me...don't get your hopes up."

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post #10 of 29 (permalink) Old 09-23-2008, 12:46 PM
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I know what you mean Q, my avatar says the same thing.
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