November 9, 2016


President Obama vows a smooth transition of power: 'We are all on the same team' (Jeva Lange, 11/09/16, The Week)

"Everybody is sad when their side loses the election," Obama explained. "But the day after, we have to remember we're all on the same team. This is an intramural scrimmage ... We all want what's best for this country."

Trump win is boost for infrastructure spending (Paul R. La Monica, November 9, 2016, CNN Money)

Construction stocks were widely believed to be potential market winners regardless of who won the election. Clinton and Trump each promised to do more to repair highways and other critical infrastructure.

It wasn't exactly a good election for seriousness, but at the point where folks were trying to find policy differences between a liberal billionaire who's never lived outside of NYC and a Democrat from Westchester--who attended the former's wedding--it got deeply silly.  What really matters is that the Congressional Republicans--who carried him on their coattails--will serve as the check on him that a Democrat Congress would not have.  The GOP is going to be particularly tough on increased spending and the abortion views of the Court picks.

Meanwhile, Republican state house control is going to keep generating a deep presidential bench, whereas the Democrats are going to have to turn to a celebrity of their own at this rate.

Cheer Up (Ira Stoll, 11/09/16, Future of Capitalism)

Here are some post-election reasons to be optimistic, even if, like me, you have had or still have your reservations about Donald Trump:

Trump the tax-cutter. If taxes are headed in a direction, it's downward, rather than upward, both at the corporate and the personal levels [...]

Trump the open door on immigration. Trump's mother and wife are immigrants. People remember his talk about building a wall. But on August 6, 2015, in the Republican presidential debate on Fox News, he said, "I don't mind having a big beautiful door in that wall so that people can come into the country legally." On August 23, 2015, on CBS, he said, "This will be a wall with a big, very beautiful door because we want the legals to come back into the country."

Trump the free trader: Trump has consistently stressed that he is for free trade, he just wants better deals. Take him at his word, for now, at least.

Trump the progressive on gay rights. Remember, an openly gay Silicon Valley investor, Peter Thiel, spoke at the Republican National Convention and is a prominent Trump backer. Take it even from the vehemently anti-Trump New York Times: "Donald Trump's More Accepting Views on Gay Issues Set Him Apart in G.O.P."

Posted by at November 9, 2016 2:30 PM