Wall Street Is Unprepared for a Dem Sweep

Wall Street and the Fascist Left

The Democratic Party of today is different from any other Democratic Party in US History. It is solidly anti-business and pro-huge malignant growth government. That combo can never be good for Wall Street or anybody else except the corrupt politicos who run the machine, and the rich moneybags who benefit, like George Soros.

Al Fin of WA @ Feb 07, 2008 18:57:06 PM

"The $3 trillion Bush proposes spending in 2009 would be the first time that milestone has been reached. Bush also presided over the first budget to hit $2 trillion, in 2002. It took the government nearly 200 years to reach the first $1 trillion budget, which occurred in 1987 during the Reagan administration."

Good thing we had a conservative in office and conservatives in the majority in both houses of Congress. Anybody who says the Democrats are going to be bad for markets, and/or Federal finances is totally full of crap.

gab of CA @ Feb 07, 2008 18:29:46 PM

when hillary is elected..

Sell stock.

Buy guns and canned goods.

There won't be a Repub legislature to buffer the Dems this time. And the Dems won't need time to get up to speed like the 1st term for Bill.

Jim,MtnViewCA,USA of CA @ Feb 07, 2008 18:11:12 PM

contradicition in terms

"What we need is a viable conservative populist third party".

With all due respect that is a triple contradiction in terms. One wonders how a life long Republican could be so ill informed....assuming that your self representation is accurate.

dgorton of IL @ Feb 07, 2008 17:58:53 PM

www.BobKrumm.com

Joel,

Actually I did that "little research" and found something different. From best to worst since 1974 the DJIA has averaged:

23.6% during the 6 years when there was a Democratic President and both houses were Republican.

18.2% during the 2 years with a Republican President and House and a Democratic Senate (Includes the entire year 2001 although Jim Jeffords didn't switch parties until the spring)

13.5% during the 14 years when there was a Republican President and both houses were Democrat

13.0% during the 4 years when all branches were Republican

12.7% during the 4 years when all houses were Democratic

10.8% during the 6 years when Republicans controlled the Presidency and the Senate and the House was Democrat

The DJIA average annual gain during the period was 14.8%

The lesson to glean from this is that the market outperforms the average only when Republicans control the House and either the Senate or the Presidency but not both.

Bob K of TN @ Feb 07, 2008 17:50:01 PM

Are you kidding?

"Yes, I imagine those hoping for centrism won't get it and that more government regulation (oh how we need it) will happen and more - as mentioned, the stopping in their tracks of more tax cuts for the wealthy etc.

A great day on Wall Street! Because the dems WILL come in, and it WILL be Obama."

Gee Carol, that's swell. I'm sure you won't mind at all when your post-election tax bills skyrocket into the stratosphere. After all, it'll be a small price to pay for all those wonderful "free" programs the Democrats are promising to implement.

Then again, I guess you're also assuming that Al Qaeda will realize the error of its ways and go on permanent holiday once Prince Charming rides into the Oval Office on his magical steed and declares the restoration of Camelot. "Click your heels...and it shall be so."

If you really believe the above, can I also interest you in some unimproved swamp land down in Louisiana? It's a really great investment--trust me.

MarkJ of IN @ Feb 07, 2008 17:36:08 PM

Your "research" is utterly unserious, not unlike the NFC/AFC Superbowl winning data. The dems are running as a socialist party, neither candidate is equipped to hold back the hard core wing. This will be a short term debacle for the economy and a long term one for the party.

dave of NY @ Feb 07, 2008 17:29:04 PM

Wall Street unprepared

I was very optimistic in 1994 when the Republican Congress was elected. The person above with his ranking of economic progress did not give the timeline. Jimmy Carter had a very left wing Congress and that was certainly a wonderful economic climate, wasn't it? I think we are in for some bad years to come. I sold everything and bought gold shares when Clinton was elected. They did well, too. I did not realize how well the combination of Clinton/Rubin and the GOP Congress would do and that is when the "Clinton" economic surge occurred. Bush did the best he could, after 9/11 followed the 2000 bubble burst, but he and the Congress then proceeded to make every possible mistake in the economy. It will take a new generation of Republicans to get the party back on track. It's time to hunker down now.

Michael Kennedy of CA @ Feb 07, 2008 17:27:30 PM