Rick - Boston

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    • Tue Mar 4th 08:53 AM | Rating: 0 0
      Commented on:
      Investor Political Priorities - A Survey
      This is a micro view. I would look at "good governance" as the major factor in how the market will react to a new administration. Like him or not (currently I'm a "not"), Bill Clinton focused on jobs and excellent technocratic governance. With Republican prodding, he also achieved welfare reform and a balanced budget. And the stock market shot up to fantastic levels.

      I don't think it is prejudicial to say that the current administration has done almost nothing right. It would pain me to list all the inattention, cronyism and waste.

      But help (and maybe even hope) is on the way. Either Democrat would have similar qualities to the first Clinton. And the Republicans could filibuster anything too far out.

      I think John McCain would also act similarly, and would certainly be restrained into level-headed compromise by a Democratic Congress.

      Pretty hopeful, huh? I am an unrepentant optimist, but we still have 10 months of this awful administration to get through.
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