And to continue my trend of thought:

Posted on: February 17, 2017 at 16:45:58 CT

What David said in this space back on Dec. 1 still holds here on Feb. 16: “There will be no massive tax cut, no huge infrastructure initiative or any other variation of the ‘fiscal stimulus’ will-o’-the-wisp that seems to have sent the bond markets reeling and the stock averages to giddy flights of fantasy.

“Every block of votes Trump manages to wrangle for the debt ceiling increase will require a king’s ransom of compromises on everything he has promised to do in the first 100 days.

“President Trump may even be forced to back off from his promise to kill Obamacare in order to get Democratic votes for the debt ceiling increase. And that’s because there is not a chance in the world that tea party Republicans will go along with the idea that an election earthquake happened only so they could vote for trillions more of public debt as their first order of business.

“The stock market will swoon when it becomes clear that the Imperial City is descending into ungovernable political chaos and gridlock. And that is virtually guaranteed.”