, Columnist
Democrats Are Now the Pro-Business Party
After decades of GOP policy geared toward tax cuts and low inflation, big spending is what's needed to get the economy moving again.
Chuck Schumer will help speed recovery from the recession.
Photographer: Saul Loeb/AFP via Getty Images
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In a week when Democrats won two U.S. Senate seats in Georgia to gain control of Congress, financial markets affirmed a view already prevalent on Wall Street: that Democrats are the best party to get the economy out of its growth slump.
This is a shift from prior decades because of the specific circumstances of the economy in 2021. And it may not last for long given the competing tensions within the Democratic Party. But for at least the next couple of years, it could result in a Goldilocks policy environment.