Jim Cramer Says Political Gridlock Good for Stock Market

With the new Republican majority in the Senate, Jim Cramer says expect much of the same gridlock in D.C. So what does that mean for the markets? Cramer says it means corporate and small businesses can take on a lot more risk and not worry that they'll be taxed more for it. That's because the general consensus is that Republicans are more business-friendly than Democrats. They tend to favor lower corporate taxes and less regulation. Cramer says political gridlock is great for business, great for hiring, and it's net positive for the stock market. Historically stocks do well in midterm years, regardless of who gains control.