Republican Abraham Lincoln waged his Civil War with malice towards none. Republican Donald Trump is waging his intra-party civil war with malice towards just about everyone. Bodies will be strewn across the political landscape, and the projected body-count is rising.
So many unthinkables have become reality during the national nightmare that is the U.S. election campaign, that one more hardly seems to matter. But it matters mightily to many industries. Before the recent implosion of the Trump campaign it was widely assumed that the new president, whoever she might be, would likely be constrained by a Republican senate and definitely constrained by a Republican House of Representatives. No longer. So-called political risk has just risen for investors. A House takeover suddenly isn’t out of the question,” warns Greg Valliere, an analyst at Horizon Investments, LLC. The net loss of 29 GOP seats needed to flip control of the House to Democrats now seems a possibility—not a probability, but a reasonable possibility. The non-partisan Cook Political report estimates that 45 Republican-held House seats are “competitive”, compared with only eleven Democratic-held seats.
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