It would appear that the Republicans are loosing the Senate and House, the House is a done deal, and with the 2 undecided in the Senate looking like Democrat wins, it would appear that the Democrats have a clean sweep..

Now, I am not to up on US politics, can anyone explain how this will effect power, or does it do bugger all is a Republican president is still in power.

The only thing I know that happened when Clinton was in power with a Republican Senate and House was that they started Monicagate, causing Clinton to loose his memory. Is that all they can do?

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I think they can just make life awkward ala Clinton,but bush has the final say over things..i think

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The Senate can make it awkward for the President to appoint new staff to the Cabinet, Supreme Court Judges. The President also needs 2/3 of the senate to approve international 'treaties', but this is a grey area as what exactly define a treaty is open to discussion. There's always the Presidential Veto to consider, which if I recall correctly requires 2/3 majority of both parts of congress to over-rule.

http://en.wikipedia.org/wiki/Separation_of_powers_under_the_United_States_Const itution

That's a good read on the specific details of Separation of Power, or 'Checks and Balances' under the terms of the US Constitution.

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yeah, what dawy said. The president has to have most of his decissions approved by the senate as well as the house of representatives, which could make decission making problematic. But seeing that bush is almost through his 2 terms I doubt it will make much of an impact for the moment. It's an indicator though, that dempcrats are looking good for the next presidency provided they can get a decent candidate for a change.

btw....I for got to request my absentee balot again damn it lol

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It really depends almost entirely on how Bush reacts, he has 2 options, to co-operate with Congress, or Fight with them.

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Cool they won the house and the senate. What one gives the republicans power in congress?

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I wonder what he'll do then..then again we all wonder what the thick fuck will do next

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I hope they give him a hard time, he's had it to easy for to long.

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The two combined are the Senate.

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I doubt it will have much effect in day to day desicion making, its in no ones interest to contest everything that passes through either house, the US is on the crux of a property price collapse, which, given that the consumer boom of the last 10 years has been funded by borrowing on overvalued housing, is a potentially disastarous prospect.

It completely fucked the financial markets overnight though, the asian markets dropped considerably over the news, the FTSE in the uk is already .5% down , with most other Euro markets having similar drops, and the US hasnt opened for business yet.

things arent going to be good =/

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Not sure how bad it will get, we have the same problem right accross Europe as well, the UK in particular.

I wouldnt want to be involved ina US business that sold high priced imported goods in the near future, that for sure.I can see a few BMW , Merc and Jag dealers having a very hard time over the next few years.

Still, lots of foreclosures means cheap houses for sale right across the country

There is too much demand for housing in the UK to have a major downturn

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really?

There was a demand for housing in 1989 , average house prices still fell around 15-20%.
Its already hapenning in large parts of the US, it will happen here.

We have houses overpriced by around 20 - 25% in this country, the real problem is how many people are mortaged for that entire amount, which is the killer factor when the correction comes.

When the average house price is £160k , and the average wage is £26k, with a mortgage being 3.5 times salary, there is an obvious problem.

A correction is the natural solution to that problem.

house prices in germany are mid.range, at least thats what the ministry for statistics say.
well, just build your own house! cant be too hard, even my crazy hippy uncle in the uk build 2 big luxury houses by himself and sold them for loads when it was finished, tho it took him over 2 years to finish one.

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I built my own house once.

Granted, it was out of sand, and comprised of a single room with no ceiling...

Or 5x mortgages!

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i built a house once. had a roof, a door, an outdoor well and an outdoor toilet (whole in the floor with somewhere to sit on). shame it was ony 1 room and about 8 feet high

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I would LOVE to build my own house, but land costs £3million an acre where I live

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yeah my damn mortgage is 5x my salary too

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