[Ed. – Shorter Politico: Obama will continue obstructing GOP efforts.]
American voters on Tuesday sharply rejected President Barack Obama and the Democratic Party and voiced a strong desire for a fresh approach to lift stagnant wages and reverse a deep and abiding sense of national economic anxiety.
There is a very good chance these voters will be disappointed once again.
Republicans gained full control of Congress and swept to surprising wins in governor’s mansions in deep-blue states in the Northeast. But for the most part, GOP candidates staked their wins not on a clear economic message but on frustration and anger at Obama. And even if Republicans manage to overcome internal fissures and unify around a set of economic proposals next year — a big open question — there is only a limited chance that any of them will have the kind of profound impact voters might reward in 2016.
Approving the Keystone XL pipeline won’t do it, analysts say, nor will killing the medical device tax under Obamacare. Corporate tax reform might help, but getting there will be very tricky with Democrats insisting on fresh revenue through loophole closing.