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Politics : Al Gore vs George Bush: the moderate's perspective
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To: Oak Tree who wrote (8943)12/15/2000 6:44:59 AM
From: long-gone  Read Replies (1) of 10042
 
<<Does anyone understand why the market was down on Bush? All week is was clear he would win, and even oil stocks went down. >>

Bush's Impact Won't be Felt for a While
USA Today
December 14, 2000

Bush will be the next president, but does it matter?
You'd think one of the most powerful politicians in the world could do something about a souring economy. But if the economic slowdown President-elect George Bush is inheriting turns into something worse, he might be little more than a bystander. "I'm not saying he's powerless, but the economy is bigger than the president," says David Wyss, chief economist for Standard & Poor's DRI. Bush's Imact:

Health care: Change possible for Medicare
Taxes/retirement: Planned $1.3 trillion tax cut faces fight
Workplace: Sympathies will shift from worker to boss
Foreign trade: Expect push for fast-track authority
Energy: Restricted federal land may be explored for oil
Antitrust: Justice may soften views on Microsoft, mergers
"There are forces at work over which he has no control," says Janet Yellen, former Federal Reserve governor and onetime chief economic adviser to President Clinton. "The new president is not the master of the economy in the short run." (cont)
newsmax.com
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