Wednesday, November 09, 2016

Donald Trump Is the New President-Elect of the USA

The Republican candidates Donald Trump and Michael Pence have won the presidential elections in the United States of America.

Apart from winning the presidential and the vice-presidential seats now the Republican party also won control over the American Senate and House.

Donald Trump will undeniably appoint at least one Supreme Court Justice. Depending on who retires in the next four years he might appoint more than one.

Thirty-one state governors are also Republican, compared to only eighteen democrats and one independent. The Republican party has not had such major control over the governing of the USA since 1928.

I think that political change will lead to an inevitable economic change in the country. The market right now is certainly in great turmoil. The long-term effects of these changes remain to be seen.
After all, the Great Depression began in 1929.