Elections have consequences. Unfortunately, in my life I have witnessed the USA change from a Christian country to one that is now heathen/pagan. Most of our politicians reflect that change and seek office not to address problems but to raise campaign money off of them so they can stay in power.
When elected officials are focused on “power” as opposed to actually solving problems by coming to a consensus agreement (known as compromise), really bad things happen in that country’s economy. Hang on tight. This situation will not correct itself until the adults come home. I hope they arrive before the home is destroyed.
In the election of November 2016, a very clear message was sent. I find it sad that the Democrats choose power over solving problems by leading the “Resist” movement. Repeatedly over two years the Democrats displayed their choice. I wish I could say I never had seen such misbehavior before, but all three of my children had temper tantrums when they were three years old.
The Democrats are much better at political theater than the Republicans. With the media solidly in their corner, they giddily anticipated a Blue Wave in 2018. The November 2018 elections did send a number of messages:
- In the history of off year elections, the anticipated “Blue Wave” was more of a blue ripple with a modest gain in seats in the House of Representatives but enough that the Democrats will control the House of Representatives.
- The most interesting pattern was the number of newly elected Democrats that campaigned on socialistic to communistic platforms. So foreign and strange are their positions advocating forms of government so flawed that they have and always will fail, that I found myself thinking of some of the Star Wars scenes. It will be fascinating to see how they behave now that they are in office.
- The most meaningful message of the election was that the Democrats won seats by making promises that cannot be fulfilled, even if they became law. The unexplained facts are that if the government took ALL of the money of the top 2% of households, it would still not fund the promises of these radicals. By the way, also unexplained is the fact that a household income of $100,000 puts that household in the top 2%. That the Democrat radicals won based on those promises, that is absolutely dangerous.
- The Republicans increasing their number of seats in the Senate to 53 vs. 47 Democrats was a message. It is also important because it diminishes the impact of two Republican Senators who have only occasionally shown backbone. That change probably bodes well for treaty approvals, etc., as well as the blocking of the Democrat radicals in the House of Representatives.
For the month of December in anticipation of the New Year, we will summarize what we think are some of the impacts on the land market of the 2018 election.
Because land is the source of all wealth, a really good piece of land is the very best long-term asset one can hold in their portfolio.