How Might Washington Respond to a Brown Victory?

As we navigate the landscape of our Uncle Sam economy, though, more and more of the twists and turns in our road are impacted by developments in Washington. Given that reality, how will Washington respond if in fact Republican Scott Brown is victorious today in the MA Senate race.

The immediate question is how the administration will address the issue of healthcare reform. Will Obama try to ram this legislation through via the process known as reconciliation? Will the administration try to fast track the Senate’s version of healthcare reform? Will the blue-dog Democrats stand by the administration on healthcare reform and risk the wrath of their electorate back home?

Would the administration dare tell the large pharmaceutical companies, insurance companies, and healthcare providers that their lobbying dollars are no longer able to buy political influence at the expense of average American taxpayers? Might hell freeze over?

Would Obama use a Brown victory as reason to make personnel changes within his administration? Say good-bye to Tim Geithner perhaps? Would Rahm Emanuel decide to run for mayor of Chicago? Would that decision be made for him?

On the Congressional front would the Republicans mistakenly view a Brown victory as reason to believe America is endorsing them? If so, I truly believe they are not listening all that closely to what America is saying.

In summary, I think Washington as a whole would become akin to Manhattan gridlock. With the likes of Nancy Pelosi and Harry Reid directing traffic, the blue-dog Democrats will move to the center for career survival. The Republicans will stall the Democrats in hopes of gaining more seats in November. Obama will remain tortured by the liberal base of the Democratic party while trying to move to the center as well.

Will anything truly change? Will the American dream continue to move further off into the sunset stifled by the empty promises and unpaid debts of a broken political system?

Where are our real statesmen?

About Larry Doyle 522 Articles

Larry Doyle embarked on his Wall Street career in 1983 as a mortgage-backed securities trader for The First Boston Corporation. He was involved in the growth and development of the secondary mortgage market from its near infancy.

After close to 7 years at First Boston, Larry joined Bear Stearns in early 1990 as a mortgage trader. In 1993, Larry was named a Senior Managing Director at the firm. He left Bear to join Union Bank of Switzerland in late 1996 as Head of Mortgage Trading.

In 1998, after 15 years of trading and precipitated by Swiss Bank’s takeover of UBS, Larry moved from trading to sales as a senior salesperson at Bank of America. His move into sales led him to the role as National Sales Manager for Securitized Products at JP Morgan Chase in 2000. He was integrally involved in developing the department, hiring 40 salespeople, and generating $300 million in sales revenue. He left JP Morgan in 2006.

Throughout his career, Larry eagerly engaged clients and colleagues. He has mentored dozens of junior colleagues, recruited at a number of colleges and universities, and interviewed hundreds. He has also had extensive public speaking experience. Additionally, Larry served as Chair of the Mortgage Trading Committee for the Public Securities Association (PSA) in the mid-90s.

Larry graduated Cum Laude, Phi Beta Kappa in 1983 from the College of the Holy Cross.

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