Last night was a 'shot in the arm' for the Democrats, says Evercore's Roger Altman

Political Analysis - The election of Mom Dominy is seen as an amazing political win, showcasing the candidate's political talent [2] - The city's resilience is highlighted, suggesting it can withstand various administrations, even those perceived as incompetent [3][4] - An early indicator of the new administration's direction will be the individuals the new mayor surrounds himself with [6][7] - Recent election results in Virginia, New Jersey, and California are considered a shot in the arm for Democrats, boosting morale and fundraising [11] - The Democratic Party's move to the left in recent years has reportedly hurt them, suggesting a need for a move towards the center [15] Economic & Business Impact - Despite perceived incompetence in previous administrations, the city prospered, suggesting a degree of resilience in the business environment [3] - Businesses are expected to function similarly under the new administration, drawing parallels with experiences under previous leadership [4][5] - The first off-year election after a new president is typically a referendum on the administration, potentially benefiting the Democrats [12] - Trump's approval ratings on the economy are not very good (37%), which could pose a challenge given the economy is a top issue [13] Policy & Negotiation - The shutdown is considered a national disgrace, with blame potentially falling on both sides [20] - A potential resolution to the shutdown involves ending it in exchange for an assured vote on enhanced incentives for Obamacare [22] - Enhanced subsidies for Obamacare are estimated at $35 billion [23]