How does the United States election for president affect the world economy and global market?
Normally if a Republican is elected the markets go up, and if a democrat is they go down.
But right now, who knows?
Normally if a Republican is elected the markets go up, and if a democrat is they go down.
But right now, who knows?
February 16th, 2010 at 10:16 am
Who cares. I LIVE IN AMERICA BABY! OBAMA/BIDEN 08′! MCCAIN = MORE OF THE SAME!!! OBAMA = CHANGE!!! Can’t wait till Obama takes over the White House.
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February 16th, 2010 at 10:58 am
Normally if a Republican is elected the markets go up, and if a democrat is they go down.
But right now, who knows?
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February 16th, 2010 at 11:13 am
Probably not much. Elected officials usually have little effect on the economy.
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February 16th, 2010 at 11:24 am
The election does not have that much to do with it. It have more to do with globalism. Globalism is the ideology that advocates the liquidation of nations. Its opposite is nationalism.
Globalism is a deliberate political choice, no more inevitable than socialism. Its key exemplars like the United Nations, free-trade extremism, the European Union, and mass immigration are political constructs that could be abolished tomorrow. This is not true of such aspects of globalization as the Internet, the passenger jet, or the 40-foot container.
Globalization can exist without globalism
Because of the ascendancy of neoconservatism during the time that globalism has flowered, it has been suggested, both by paleoconservatives and by certain elements on the Left, that the two are identical. But although neoconservatism is almost always globalist, it is not intrinsically identical with globalism. Neoconservatism is conservatism corrupted by globalism.
One thing that is going on is the fear of capital gains taxes going up So people are dumping stock so they can get the most out of the stock
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http://www.amconmag.com/article/2003/jun/02/00013/
February 16th, 2010 at 11:44 am
Most Business People in America are Republicans. They have priced in the lower value of the Stock Market because they believe the election of Obama is bad for the Economy. The World Economy usually follows the U.S. economy.
Capitol gains losses will offset any taxes Obama raises. In reality Obama is good for the bottom line because strong companies buy weaker ones, only the strong survive, capitalism must always have a down cycle to compensate for every up cycle. Folks who could not afford to buy homes and durable goods can afford them now due to lower prices. If you have saved your money for a rainy day you can afford bottom of the barrel stock prices, house prices, and buy businesses more cheaply then any time this century.
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