It won't matter who gets elected. The President doesn't enact laws. The congress is what matters. If you look back at when our economy took a major nosedive, correlate it to what happened at that time in Congress.
Hit the nail on the head. The President can inspire the "people" to take action, ie. Reagan, but Congress is absolutely the main problem. I suggest the "people" garner the guts to impose term limits upon Congress since the "good old boys club" certainly never will. In fact I am a fan of only one term. That way no need to worry about money for re-election, kissing any a$$, or power plays thru seniority. Actually the "people" already know Congress is the problem, just look at the poll numbers. Congress has lower approval numbers than Bush. Congress is supposed to serve US not make a career out of that service. We simply need to start sending them home. I would like to start with Byrd, Kennedy and any other jerk who had been there for 10+ years. Sorry for the rant but you hit a sore spot with me. And... don't even get me startsd about legislating from the bench!!!
Man, I love it when given an opportunity to rip on a certain politician that rose through the ranks of "the machine" in my own backyard. But, I won't this time.
Honestly, it will have little affect. I am going to continue to invest the same way no matter who gets sworn in in January.
I have to agree with the board for the most part in that it won't make a large difference who gets the job. If I had to take one over the other, I'd take McCain as Obama seems a bit more radical and unproven. He could create uncertainty and doubt, which hinders people sometimes from doing anything at all.
I agree, it doesn't matter who wins, congress is our big problem. Why on earth are we bailing out Fannie Mae and Freddie Mac? These are private corportations that should just go belly up and let their shareholders take the loss. Fannie Mae's CEO makes 19MM a year, for what? the company went south. I do not know enough about Obama yet...I have not made up my mind.
Hard to say since they are politicians running for office. They will say whatever they think the voters want to hear. Hindsight is always 20/20 when it comes to politicians, sometimes it takes years to see the reults of what they did or did not do.
Bernanke will still be in charge of the US next year.
Bingo!
Uncle Ben is doing all he can. he knows what we are up against.
the election is funny. We have a communist that is trying to look like a socialist and a socialist who is trying to look like a capitalist.
Anyone who wants to be the president should be allowed to. Just grab an old man from the counter at the diner. :idea:
is it just me or is it coincidental that when the dems are in office the country seems to grow a little better?
It appears that way because AG played with the Fed Funds rate to benefit the Dem's. FYI, I am a Libertarian. The Dem’s are not liberal enough for me; the Republicans are not conservative enough for me. Where is Carl Jung when you need him?
Go back and look.
Every time the Fed Funds rate breaks 5 percent, it becomes a drag on the economy 9 to 12 months later. Most corp.'s are 80 percent leveraged with a 5 percent bottom line.
Look at the rate changes when AG ran the Show. 9 to 12 months out from an election he starts playing with the Fed Funds rate.
He inflated his way out of a recession in 2001 and now we are paying the bill.
I like Biden (he's a straight shooter, like it or not), but as you said, Matthew, the pick is obviously designed to counter Obama's lack of experience and knowledge. It also reinforces the voices out there that say that Obama is just like every other politician . . . where is the "change" in picking a 30+ year member of the Washington elite? Just more of the same politics. . . . actually, I know that many people will lose respect for Biden in changing his tune on Obama as well. Only months ago he was saying that the guy wasn't qualified to be Pres., but now he's saying something completely different.
As for the economy, I don't see Biden as making the case any stronger or weaker of Obama.
Does McCain pick someone who can strengthen his hand on the economy? Time will tell . . .
Truer words were never spoken and socialism is NOT going to be good for entrepreneurs! Better get out the Kevlar vests, businesses are going to be a big target for the socialists!
McCain! I am running a small business over here! I don't bust my hump everyday so that I can provide MORE welfare to deadbeats who don't want to go anywhere with their lives and have entitlement issues!
If Obama gets the vote, I might as well go back to work in the corporate world because he is going to tax us to death!
Right on Ben Potter. Term limits are the only way to break up the good old boys club. Frankly, I am leaning more toward McCain because I see a courage in him to stand up to them than Obama. Particularly impressive is his choice in a running mate.
I think the stuff hits the fan as far as the economy goes-I think this is the election you want your party to lose so they're not taking the heat for what has already been set in motion.
With my thoughts that things are going to get bad, I'd much rather not have somebody that's going to ignore new information and continue on a set in stone path, even when proven wrong. I don't think McCain is up to be able to navigate difficult times, look at how they're handling some of the news-saying things and when they're proven wrong by even the conservative Wall St. Journal, they continue with the same ideas/message.
Marco, actually it's been proven that the stock market performs much better under a democratic president than a republican.