I know, it doesn't make any difference for intraday traders, but for buy and holders the answer is: it hasn't been good historically. http://www.cnn.com/2000/ALLPOLITICS/stories/10/26/campaign.markets.reut/ http://slate.msn.com/?id=2071929 NOTE: I am not a democrat and I'm not trying to convince you to vote democrat, just trying to exchange ideas to figure out how to "manage" the next two years.
Anybody can promise anything, but it's going to be difficult to lower taxes "permanently". Somebody has to pay for this deficit. Anybody here remembers what happened during Ray-gun government??? Supply-side economics anybody?
balda: hey genius, we are talking about fiscal policy... taxes, spending, federal budget... do you know what these are?
Very good point, but it's still superficial and reeks of hope rather than fact. The numbers don't match. We all know that the only way of reducing a deficit AND lowering taxes is reducing spending (the waste). The only problem is, I haven't heard anybody in Washington advocating an OVERALL reduction in spending which is what you're saying. Or maybe what's gonna happen is that deficit keeps growing, so the next government will have no other option but to raise taxes.