Has a Shrinking Deficit Hurt U.S. Economic Growth?

The video discusses the US economic situation, focusing on the deficit reduction and its impact on growth. It highlights the roles of fiscal and monetary policies, particularly the Fed's quantitative easing. The discussion also covers political dynamics, such as the potential Republican control of Congress, and their implications for markets. Historical examples, like the 1996 government shutdown, are used to illustrate potential outcomes. The video concludes with an optimistic view of market trends, especially in the third year of a presidential cycle.

What historical example is given to support the idea of bipartisan cooperation in Congress?

What are the expectations for the markets if the Republican Party takes control of Congress?