Good Morning! It's November 4. Two days post election. Let's go back in time to the day immediately following Bush's reappointment.
The Bush administration said yesterday it will run out of maneuvering room to manage the government's massive borrowing needs in two weeks, putting more pressure on Congress to raise the debt ceiling when it convenes for a special post-election session.
...The Republican-controlled Congress put off dealing with the debt ceiling before adjourning last month, preferring not to force members to vote on the politically sensitive issue of adding to the national debt before the elections.
Boston.com article...The Republican-controlled Congress put off dealing with the debt ceiling before adjourning last month, preferring not to force members to vote on the politically sensitive issue of adding to the national debt before the elections.
Ah yes, just what we were talking about....those things that have been stashed out of sight until after the election.
And...
All in all, the gold and mining equity investors "are simply relieved that the election is behind us," said Brien Lundin, editor of Gold Newsletter.
"It has grown increasingly apparent that many of the fundamental trends helping to drive gold higher -- including a falling dollar and rising commodity prices -- had been held barely in check by the administration as the election drew near," he said.
The Bush administration's "ability to hold things together was fading and, now that the election is over, they have much less motivation to even try," he said.
"It has grown increasingly apparent that many of the fundamental trends helping to drive gold higher -- including a falling dollar and rising commodity prices -- had been held barely in check by the administration as the election drew near," he said.
The Bush administration's "ability to hold things together was fading and, now that the election is over, they have much less motivation to even try," he said.
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