Hijacking the EU referendum and turning it into a proxy leadership contest was almost Shakespearian in the way that it shook his old Etonian confidant's Bremain campaign and overall mandate. And worryingly, it is only the most recent chapter in the tale of a man that will stop at nothing to become Prime Minister. A story that is far, far from over.
Even if she manages to check all her luggage Hillary Clinton has the additional burden of proving she is an Actual Human Being. Fairly or not she comes across as an overprotective, secretive, control freak. And in a constant media bubble perception matters. In polls people do see her as experienced, intelligent and super hot (I think she is) but not truthful or relatable.
There won't be an end to political gridlock yet, there's just a movement of the chokepoint from the Senate to Obama's veto. People were very frustrated that nothing got done in Washington the last couple of years, but they should not count on DC becoming a smooth, tough, lean and mean operator just because of one election. Some market friendly decisions now have a better chance of being taken, but politics in general in America will not begin to work better overnight.
As the United States recovers from the Government shut down and the fact that the Government nearly defaulted on all its loans, the Republican Party needs to take this opportunity to do some serious soul searching, figure out what its priorities are, and think how it can avoid being wiped out during next year's Midterm Elections.
The current US federal government shutdown - which is more of a slowdown - has merely set the stage for an even more nerve-racking deadline on October 17 when the US will cross their debt ceiling. At most the government could get by for another couple of weeks with $30bn cash on hand, but without a deal the US will in effect be in default in a couple of weeks.
It is such a shame that conveniently the religious right feel they can ignore parts of the ideals of the Founding Fathers. What I find more of a shame is that the Republican Party is slowly becoming synonymous with religion and religious values. There are only a handful of moderate Republicans anymore
Despite their last two presidential candidates running on a hard right platform and then losing, the majority of potential candidates for 2016 are those on the far right of the party. Meanwhile moderate candidates who could win, such as Jon Huntsman or Chris Christie, are slammed for being RINOs and too moderate.
The sequester was a legislative tool designed to scare the Congress into doing its job. It clearly seems to have failed to produce this result. If it goes into effect, the sequester means across the board cuts in every agency of federal government with no ability to control what is cut and what is not.
Investors were clearly thinking along traditional lines last week and wanted Romney, but the Obama victory doesn't have to be such a bad result for them. Chances of reaching a deal to avoid the fiscal cliff have increased a little bit with the outcome of these elections. And the outlook for getting to a more comprehensive agreement on getting back on a healthy fiscal track have improved somewhat with a second-term president and less power for the Tea Party.