Armstrong Economics Blog/Politics Re-Posted Jan 3, 2021 by Martin Armstrong
Nancy Pelosi won another term as Speaker of the House of Representatives on Sunday, but it was a much closer election as the 117th Congress began. The California Democrat, 80, will hold the position for a second consecutive two-year term and fourth overall, having previously been elected in 2007, 2009, and 2019. However, the vote was far from unanimous. Pelosi won 216 votes to the 208 votes for the Republican challenger Kevin McCarthy. The interesting part is that two votes were cast for other candidates and three lawmakers voted present. That really brought the numbers to 213 as opposed to her 216. The mere fact that the Democrats hold 222 seats to 212 Republicans implies that Pelosi did not win all the Democrats. It appears that the Democrats begrudgingly voted for her simply out of party politics. The question is, she is expected to behave herself under Biden, but if Trump pulls off a miracle, will she go ballistic?