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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ichy Smith who wrote (185599)	11/8/2006 10:00:32 AM
From: JDN	Read Replies (1) \| Respond to of 793939

Well its already started in my stock portfolio. I have a mix of technoly, insurance and other stocks, 20 in number and EVERY SINGLE ONE is down as of right now. Luckily for me I have been moving into interest bearing securities and out of equities as I have aged, feel sorry for the average middle class American trying to achieve the dream of financial independence. Going to be much tougher now. jdn

To: Ichy Smith who wrote (185599)	11/8/2006 10:03:54 AM
From: LindyBill	Read Replies (2) \| Respond to of 793939

I expect an immediate hike in the minimum wage. Which will put money in the pockets of our grandchildren who are working fast food. :>) It usually lags the real "minimum wage" point, so it won't hurt too much. Almost all of the Bush's tax cuts have cut-off points after 2008, so Rankin won't be able to raise them. The rest of the immediate Dem agenda involves tax credits. These are "off the books" items are far as figuring the budget so they will get away with some of them. I don't expect much to really happen on Iraq. What can they do? Cut the money and force Bush to bring them home? I don't think so.