Midterm results blocked two core economic plans

Editor's note: After the midterm elections in the United States, the Democrats have control over the House of Representatives while the Republicans have control of the Senate. Beijing Youth Daily comments:

The Donald Trump administration has safely "passed" its midterm examination. But the implementation of its economic policies, such as the second phase of its tax cut plan and the large-scale infrastructure construction plan, might face greater resistance.

Despite this, the administration should have already realized that its proposed tax cuts will provide little stimulus to the economy, because the capital released by the tax cut will flow to the stock market not manufacturing. The bull market is a result of both the previous quantitative easing policies and the stimulation of the administration's previous tax cuts, not necessarily a reflection of the improvement of the US economy.