Bring On the Seinfeld Congress - New York Times

Bring On the Seinfeld Congress - New York Times:

Tierney has it right for the market. Doing little is less risky for financial markets than doing a lot.

"A do-nothing Congress is bad for the local economy. But it’s fine for the rest of the country. The prospect of gridlock has been welcomed, as usual, on Wall Street. The brief era of fiscal responsibility in Washington in the 1990s occurred only because a Democratic president and a Republican Congress couldn’t agree on how to spend the surplus. "