Even if Kerry wins the economy still won't get rosier overnight..

[noahmijo]

Sorry to be the bearer of bad news, but this article sort of points out what I've been saying for awhile. Unfortunately do to a GOP controlled Congress, they will block alot of Kerry's initiatives including repealing the tax cut for the top 1%. Therefore when Kerry gets elected, and a year later the economy isn't improving at a rate which Kerry promises and the talking heads on rw radio are screaming saying "see! see! he did NOTHING!" we can all be rest assured that the reason why nothing real could be done is due to the GOP controlled house and senate which so far has seemingly supported Bush on every last thing he wanted to do.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Anyway here are some snips:

Who's Afraid Of President Kerry? -Businessweek Online


So a Kerry win would likely mean a return to divided government -- and that often suits investors just fine. With the economy rolling along, President Kerry wouldn't be forced to make any bold policy moves. And with a GOP House slipping back into the spoiler role it played during the Clinton Administration, the odds are the House would stymie the centerpiece of Kerry's economic platform: a rollback of Bush's tax cuts for families in the top tax bracket to pay for a vast new health-care plan.



Kerry could also upset markets with his trade policy. While he has voted for free trade in the Senate, on the stump Kerry has veered left toward "fair trade" protectionism. He has vowed to review NAFTA and write stricter environmental and labor rules into the Central American Free Trade Agreement. Companies that sell to Latin America, such as heavy-equipment makers, or invest in factories there, such as apparel makers, could face a rough patch if Kerry does so.



A Democratic win could have a mixed impact on some industries. Health-maintenance organizations might face tighter reimbursement limits from Medicare and Medicaid. But Kerry's plan for the government to insure high-cost catastrophic medical cases could be a boost for hospitals, which would have less trouble collecting big bills. Big aerospace companies could lose out if, as expected, Kerry cuts weapons systems. But contractors that have emphasized homeland security could fare even better than now.



Lehman Brothers (LEH ) analysts constructed a "Bush portfolio" larded with stocks of oil drillers, auto makers, mutual-fund advisers, and high-priced retailers. The alternative "Kerry portfolio" was heavy in homebuilders, life insurers, Fannie and Freddie, and midrange retailers. The two accounts faithfully mirrored Bush's springtime slide, with his portfolio lagging Kerry's by 8.7% since late April.


The article can be found here ~~~~~~~~~~~~~~~~~>http://compuserve.businessweek.com/magazine/toc/04_26/B38890426invest.htm

[Parche]

1. economy

But if he does the FDR and takes charge and is a true leader
he will come up with something to help the economy out, that
in 6months will produce

[kentuck]

2. I suspect it may get worse....

He got a lot of bad shit left on the table...high deficits, higher interest rates, threatening inflation, trade deficits, low consumer confidence. It doesn't look good for the next four years from my perspective. Bush has made a mess.

[fdr_hst_fan]

9. First thing:

ELIMINATE tax cuts for the RICH! No more welfare for the wealthy! Second thing: NO MORE CORPORATE WELFARE! And warn any business that either downsizes to a third-world country or transfers it's operations completely that they WON'T be able to count on our government to pull their chestnuts out of the fire if they get into trouble. Live by the sword, die by the sword. Third thing: end that damned war! Fourth thing: punish anyone who tried to lock up records that would reveal any information that would have discredited the previous administration! Give the American people the TRUTH, and they won't fail you!

[GainesT1958]

3. Hmm...if things keep going in the direction they've been going of late...

It may not be such a "divided government" over which John Kerry would preside, after all!:D

And after all, FDR didn't end the depression in four years, nor did Clinton get Congress to balance the Federal Budget in four years. But, ultimately, they both succeeded in those goals.

:kick:

B-)

[redqueen]

4. Why the assumption that Congress will stay in the hands of the GOP?

I think watching as bush and his minions have conspired against the American people has given everyone in this country ample reason to want to put anyone BUT a GOP'er in office ... from local office right on up to the hill.

[noahmijo]

6. Well when does the vote come around to kick them out?

Correct me if I'm wrong because I have been living in college prison for the last 4 years and have lost track of voting schedules, but the vote to knock them out isn't next year I don't think.....

[redqueen]

11. Some are up this year

Re-districting being one reason

[AndyTiedye]

8. Because of Governor Gerry Mander in Texas

[redqueen]

13. lol

Yep... but I think that'll end up backfiring. The rural folks who were happy with their Dem representatives didn't seem to cotton too well to having their decisions made for them. :)

[noahmijo]

5. I don't doubt things are going to take a turn for the better

Kerry will definitely put us back on the right track, the thing is though since the GOP will be at their more bitter since Clinton buffooned them all, they will do anything and everything they can to stop Kerry from implementing any of his core plans for the economy, and then to boot the rw media will do all it can to make it look like the mess Bush handed Kerry is a new item that is due to Kerry's policies....which interestingly didn't even pass....yea but it's still all Kerry's fault anyway! megadittos!!!!

[bullimiami]

7. why not?

Bush turned a decent economy to shit in no time flat.

I think the right attitude and effort could start to turn it back just as quickly.

[JCMach1]

10. If Kerry wins, we will control AT LEAST one house of congress

bank on it...

[CBHagman]

12. Agreed, but the GOP hypocrisy meter will go haywire.

Remember Cheney making ominous rumblings about the state of the economy during the 2000 election? An economy, dear people, is only good if Uncle Dick and his evil minions are in charge. Otherwise, it's in the toilet. You should know these things.

But when Kerry wins, the nastiest elements in the GOP will swiftly decide that Iraq is a quagmire, that the economy sucks, and that someone should do something about Social Security. The whining will outdo anything the cicadas produced this spring and summer.

[yorgatron]

14. the economy won't get better for really rich assholes

but it will improve for everyone else.

[Anarcho-Socialist]

15. They'll be hikes in interest rates to get inflation under control

It'll mean some painful first few months as they get the economy under control so the US economy can grow at trend level without excess inflation.

Raising taxes for the richest 1% will help avoid the national debt interest being an economic time bomb.

[JayS]

16. Not overnight but the economy has been coming back...

...slowly and sluggishly for some time now. Kerry's problem will be knowing when to start hitting the brakes.