In politics and in economics there is one simple rule, don’t spend more than you can afford.
Last night, U.S. President Donald Trump and Republicans in general discovered that he had overspent in terms of political capital and was left with nothing in the tank when they faced the voters.
It should be noted that mid-term elections are almost always bad news for the party in power as they are the one making decisions and therefore getting the blame.
That being said, the results were staggering.
Democrats have won control of both the House and the Senate with at least seven Senate seats and two-dozen in the House flipping to the Dems.
It’s the first time in decades that Democratic senators have been elected in Texas, Kansas, South Carolina and Maine.
Typically-red states also elected Democratic Governors in Ohio, Iowa and even Texas.
There are many reasons for the blue wave: the war in Iran, rising prices and affordability challenges, the trade war with Canada and tariffs, and so many more.
However, regardless of the reasons, two things cannot be denied.
We are just two years away from the first U.S. election since 2016 without a certain former T.V. personality on the ballot,
and government in the U.S. just changed in a big way, though it will take time to see what new drama may emerge.
I’m Paul Martin and that’s what I see looking Beyond the Headlines.
