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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (93609)	11/4/2008 4:24:44 PM
From: slacker711	Respond to of 541841

Can someone explain to a poor Canuck why a McCain win would be viewed as so much better for the market in some circles than an Obama win ? Is it all about protectionism and taxation ? The market isnt sure about whose spending policies will be better for the economy. However, they are sure that the taxation and possible protectionist tendencies would be bad for corporate profits. That being said, I think the market trusts Obama to a certain extent. He has said many of the right things about the timing of any tax increases and his advisers are respected on the Street. If his pick for Treasury were out of left-field, I would imagine that the market would react badly....I doubt that will be the case. Slacker

To: Cogito Ergo Sum who wrote (93609)	11/4/2008 4:25:49 PM
From: Dale Baker	Read Replies (2) \| Respond to of 541841

McCain favors lower taxes for the rich and less regulation for markets. That's probably better for the rich fat cats than the markets themselves.

To: Cogito Ergo Sum who wrote (93609)	11/4/2008 4:31:53 PM
From: spiral3	Read Replies (1) \| Respond to of 541841

Myopia. The ability to see close objects, but not far objects. Nearsightedness.

To: Cogito Ergo Sum who wrote (93609)	11/4/2008 4:39:14 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 541841

<<<Can someone explain to a poor Canuck why a McCain win would be viewed as so much better for the market in some circles than an Obama win ? Is it all about protectionism and taxation ? >>> More taxation is a certainty but that may not be viewed as a totally bad thing especially when the market can perceive that the Obama economic team can give us a more viable economy than one under an erratic McCain. The market may be able to see that McCain does not have the ability to formulate an economic vision that will get us out of this economic mess that Bush has gotten us into. However, protectionism is something that Obama will have a tougher time to fight against. I think Obama is smart enough to know that protectionism will be bad for us in the long term, but his supporters will be demanding protectionism. And we know that his suporters are very passionate and demanding.