I think that the market likes the fact that the Senate is moving towards simple majority rule. As a modern parliamentary institution, it is ridiculous that the Senate requires special majorities to transact business. All business in the US Senate should be done by simple majority.
This is a ridiculous post, CMG, sorry to say. You obviously don't know why the founders set the Senate up with the rules they've operated under for 226 years.
A key goal of the framers was to create a Senate differently constituted from the House so it would be less subject to popular passions and impulses. "The use of the Senate," wrote James Madison in Notes of Debates in the Federal Convention of 1787, "is to consist in its proceedings with more coolness, with more system and with more wisdom, than the popular branch." An oft-quoted story about the "coolness" of the Senate involves George Washington and Thomas Jefferson, who was in France during the Constitutional Convention. Upon his return, Jefferson visited Washington and asked why the Convention delegates had created a Senate. "Why did you pour that tea into your saucer?" asked Washington. "To cool it," said Jefferson. "Even so," responded Washington, "we pour legislation into the senatorial saucer to cool it."
For this reason, the framers set the Senate up as a "federal" legislature, not based on the one-man-one-vote principle of the House, but with equal representation for each state. The smaller states feared that otherwise, the larger states would quickly dominate the legislative process, and they were absolutely right.
It is for that reason the rules written by Thomas Jefferson prior to the first meeting of the Congress were designed to establish that the Senate would be the calmer, cooler, more deliberative and contemplative house. The rules which the Democrats have now chucked overboard were designed to prevent the exact domination the smaller states of 226 years ago feared, only now it has to do with polarization between the majority and minority parties. Without these rules in place, the majority party does anything it wants, and that is neither wise nor desirable, regardless of which party is in the majority. Having an uncontrolled, reckless majority from either side of the aisle acting as a loose cannon in the Senate is a recipe for disaster, and that is precisely what we will see from this point forward.
What you, and what the Democrats, apparently do not realize is that Jefferson's rules have kept the balance of power in check since the Senate was first called to order in March, 1789. Sen. Mitch McConnell (R-KY) said yesterday the Democrats will live to rue the day they made these changes.
I fear we all will. Literally, this could be the downfall of the United States of America. That isn't hyperbole. That is chilling fact.
