The domestic fiscal picture would improve without a big tax increase, and the Bank of Japan could resume raising interest rates and supporting the too-weak yen.
Consumption, which accounts for about two-thirds of U.S. GDP, rose in July, according to the Bureau of Economic Analysis, suggesting a pickup in activity that could be fundamental in supporting what has been a weak economic recovery.
But those same Democrats and supporting liberal organizations suddenly go from weak and negligible to powerful and cohesive when it comes to confronting DeLay, one of the most powerful men in Washington.