Posted on 11/08/2004 5:58:55 AM PST by OESY
...The stock market isn't the economy. Nor is it a perfect predictor of future economic events. But it's a very reliable gauge of investor sentiment, and investors were sending a clear signal: The Kerry economic plan wasn't good for growth....
These market moves make it is easy to fall into the trap of thinking that Republican presidency's are good for markets and the economy, while Democratic ones are bad. But history shows this is simply not true. It is policies that matter, not politicians or political parties.
The policies that most encourage wealth creation and higher standards of living are those which keep tax rates low, encourage personal responsibility and diminish burdens on entrepreneurs. And this is especially true as technology and globalization cause a massive upheaval in the way the world economy creates its wealth....
Every period of economic transformation has its detractors. And for some reason, since President Clinton left office, the Democrats have taken on that mantle....
But Americans... are instinctively entrepreneurial and optimistic, and understand that jobs are lost and gained every day. To focus on the losses, and ignore the gains, is the pessimistic, dumb thing to do. Investors do not look backward; they look forward. And now that President Bush has made clear that private accounts for Social Security and tax reform are high on his second-term agenda, the markets have even more to cheer about. These policies hold the potential to unleash a generation of strong growth and wealth creation in the U.S.
A mobile, dynamic market for both capital and labor is essential. Policies that hinder this movement, or attempt to freeze the economy in its current state, are losing propositions. The markets understand this; and, it appears, so do American voters. No spin is needed.
(Excerpt) Read more at online.wsj.com ...
Proud to be 1 of the optimist who the Democrats prefer to call political morons. :)
My favorite headlines after the elections were "Bush Wins, Stock Market Rises!" Yeeee Haaaaa!
Now it is 59,651,158 for Bush.
Proud to be a Viet Vet.
Proud to treasure values like honor, integrity, honesty and a love of God.
Proud to be one of the many dumb people in this great nation.
You mean kerry had a plan and told somebody about it.
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