The people have spoken and President Obama will serve another four years presiding over the United States.  Furthermore, there is very little change to the makeup of the House and the Senate, which leaves the Administration in the same battle for control as it was prior to the election. The question now is what will the next four years look like economically? The amount of debt required today to create a single dollars' worth of GDP today is clearly unsustainable.  However, the current Administration has been increasing Federal debt at a run rate of more than $1.2 Trillion annually to date.  The understanding of the impact of increasing debt on economic growth is crucially important to understand.  Overall, the set up going forward looks like it has in the past couple of years.  It is unlikely that Obama will move to the center and be more of a politician with the best interest of the economy at heart.   It is also just as unlikely that the Republicans will back down and begin to cooperate with the Senate. However, the weight of evidence is stacked in favor of "more of the same" which means less for you and me.

 

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