THANK GOD AND GRIDLOCK

It's mid-term election day in America.

Who knows how that will turn out. The political pundits and their PAC masters have been out for months with their silly predictions and prognostications. It's an industry.

The Republicans could recapture Congress. If they do look for defense spending to rise with the exceptions of Boeing and General Electric, both wards of the Bank of International Settlement, itself a possible target for extinction if Republicans win the battle for Congress.

One of the winners in the sector, say the  pundits, Lockheed Martin (LMF), already up nearly 40% from the beginning of the year and now toying with a new 52 week high. Republicans will most likely seek to revamp the tax systems and force a clean-up of the corrupt IRS.

The end result will be a less corrupt IRS. It's all about degrees. Look for more hawks at the Federal Reserve when appointment approval time comes. 

Toss in perhaps fewer leftist judges and more blustering about the deficit. About the only thing that will really change are a few committee name plates.

If the Democrats carry the day and Congress it will simply be more of the same that has according to some polls turned many voters sullen. As the today's WSJ notes:

Odds are good that the U.S. midterm elections will mark the fourth time in less than a decade that voters oust a party from control of Congress or the White House, a remarkable period of instability that has left neither party with a firm grip on power.

The most telling and important  part of that paragraph is the "instability that has left neither party with a firm grip on power,." A cynic--if there are any left that MSM hasn't tried to silence--might wipe his brow and issue a sigh of relief.

God help the American people, if there's anyone left who believes in him or her these days, if that happens anytime soon.

In the future when the fall of the American Republic is long in the rear view mirror, historians will sing the praises of the Great Gridlock Period of American history when few if any realized just how good they had it.