2020 Presidential Election
Fourth Quarter 2020
Economic Policy and Real Estate Investment Implications of the 2020 Presidential Election Overshadowed by the Continuing Health Crisis
Presidential and congressional elections to set economic policy. The outcome of the 2020 presidential election between former Vice President Joe Biden and President Donald Trump will open the door for divergent economic policies to go forward. How these policies are enacted into law will depend heavily on the result of several congressional races. If the Democratic party holds on to a majority of seats in the House of Representatives while the Republican party maintains its slim hold over the Senate, then it is unlikely any substantial new legislation will be passed regardless of who sits in the Oval Office. The electoral outcome most likely to foretell significant change would be the “Blue Wave” in which Biden is elected to the executive office and the Democratic Party obtains a majority in both houses of Congress. The results of numerous local campaigns will also have a driving impact on grassroots policy.