Dow reaches new high on election results
Published Wed, Nov 8 2006 3:59 PM
Technorati Tags: News and Politics
NEW YORK -- Wall Street rose for a third straight session Wednesday, with the Dow Jones industrials reaching another record close as investors grew more confident that a huge victory by Democrats in congressional elections would result in gridlock and keep lawmakers out of the way of business interests.
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This is probably one of the brighter spots that came out of the election results for conservatives. Most conservatives believe in limited government. When the legislature is actively churning out laws and regulations government is almost always expanding, and that's not a good thing.
With the narrower margins in both the House and Senate, there's likely to be more gridlock, not less, especially if conservatives hold to their principles. The market sees this and looks on it with favor.
I'm not suggesting that Republicans will or should act like petulant children, the way the Democrats did when the Senate was more evenly divided but held by the Republicans. Instead, conservatives should stand up for their ideas and fight for them, even if they're fighting a losing battle. Make the extremely liberal, far left leadership of the Democratic party fight for every vote by standing up on principle.
Republicans lost by not holding to their principles in many ways. The only way they're going to win back the House and Senate is to return to those principles and fight for them honestly. They should accept that the Democrats have the majority, and try to sway the votes of those so-called "conservative" Democrats that were just elected with reasoned debate and an appeal to their principles.
If they can do that, there's a chance they'll win back the House and Senate and frustrate the liberal leadership. It's going to be hard though, because the senior leadership in the Democratic party is hard-left and they're going to try to push and force the new junior members to follow their leadership if they want any sort of power or future backing.
Republicans need to keep reminding people that a lot of the changes in the House membership came because the Democrats pushed more conservative candidates, especially in districts where the Republican was basically a liberal or moderate to begin with. Sure there were other reasons, and this election proves that the Republicans need to clean house. I suppose that's another good thing, because now, a lot of the RINOs are gone.
Linked to: Sister Toldjah » Wednesday open thread.
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