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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (34969)11/6/2000 8:48:40 AM
From: gerard mangiardi  Read Replies (2) of 50167
 
i seem to be in a minority with regard to the election. long term i think a bush win will be awful for the markets. a large part of the growth we have been experiencing has been the result of fiscal discipline at the federal level which has allowed the fed to be stimulative in its policies. i believe that a bush win with a republican congress will kill that fiscal restraint and any stimulus we get from a tax cut will be more than offset by the fed which will be concerned by an overheated economy which will result. this will inevitably lead to a monetary crunch.
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