The usual “want to be with my family” explanation, but he saw he was facing a difficult road to re-election. Trump has done more to destroy the GOP than any anti-American liberal could hope to.
I don’t want to sidetrack this too much, but buying at a local low will make you money regardless of the overall value of the market (assuming it goes back up).
If I buy 10 shares @ $10 per share, and it climbs to $20. I could sell for $100. Suppose I do not sell.
If it then drops to $15 and I buy 10 more shares, I now have 20 shares at an average of $12.50 a share.
If it climbs back to $20 a share and I sell, I make $150 (invested $250, sold for $400). This is equivalent to 20 x $7.50, but also equivalent to 10 x $10 + 10 x $5.
So buying at this local low makes sense, even if overall the market is up.
Well, it just hasn’t been as much fun for the GOP as it would have been with Hillary as president. There would have been dozens of investigations going on right now. (I don’t think they would have impeached her right off the bat - torturing her would have been more satisfying). So, like others before him, he’ll probably join Fox News, where at least he can pretend to torture her.
My understanding is that he actually has a relatively smooth road to reelection.
I suspect that it is two fold.
He succeeded in getting a massive tax cut for the rich which was his only real legislative priority, so he doesn’t have any real reason to keep going.
Even if he is reelected he’s probably not going to be in the majority which is never as fun.
When the shit really hits the fan any GOP remotely close to the source is going to be covered in it, so since he may eventually have presidential ambitions it is best to be as far away as possible from Washington when it happens.
Just in, he’s doing it to spend more time with his family. And he has his eye on the future, as the huge economic boom that is sure to roll down from the wonderful tax cuts the people will remember him as the numbers guy, policy wonk, and intellectual powerhouse of the party.
Gotta wonder, though, what happens if a bunch of other Pubbies misunderstand his sincere commitment to family values and see it as gittin’ gone while the gittin’ is good. What happens if ten…twenty…fifty?..of his colleagues take the Great Leap Overboard, in the tradition of rodents confronted with a nautical calamity?
I swear that place must be a revolving door as well, because I have vague recollections of any number of Republican politicians taking that spot in the past decade.