The future of the US economy will depend on the willingness of political rivals to work together, writes Brian Jacobsen, chief portfolio strategist at Wells Fargo Asset Management.
Ever since the mid-term elections of 2010, the House of Representatives has been controlled by Republicans, while the Senate has been controlled by Democrats. With President Obama’s re-election, nothing has changed—at least, on the surface. Presidential contender Mitt Romney put on a very good showing, gathering just shy of 50% of the popular vote. Perhaps he played things too conservatively (pardon the pun) after his outstanding performance in the first of the three presidential debates. Perhaps Hurricane Sandy gave President Obama a very public and well-timed opportunity to appear pres...
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