Skip to comments.
Business, Investors Root for Split Decision, Gridlock
Fox News.com ^
| November 08, 2006
| Alexander B. Duncan
Posted on 11/08/2006 6:22:48 AM PST by KeyLargo
Business, Investors Root for Split Decision, Gridlock
Wednesday, November 08, 2006
By Alexander B. Duncan
NEW YORK — As Americans voted in Tuesday's midterm elections, the U.S. business and financial communities appeared to be cheering for a split Congress and the resulting legislative gridlock on Capitol Hill.
"Gridlock is good, Wall Street doesn't like change," said Charles Gabriel, senior Washington analyst for Prudential Securities. "You're not going to have runaway spending increases, you won't have a repeal of the Bush tax cuts, and there's no legislative change that will roil industries. The green light is on for equity investments because you've got protection against any major changes."
Generally, the Republican Party is regarded as more business-friendly because of its tax policies and softer stance for requirements on corporate governance. After 12 years of a Republican majority in the House, four years of GOP control in the Senate and six years for Republican President George W. Bush in the White House, much of the law enacted in Washington has had a pro-business bend.
(Excerpt) Read more at foxnews.com ...
TOPICS: Business/Economy; Editorial; News/Current Events; Politics/Elections
KEYWORDS: economy
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41 next last
It appears that gridlock will be good for business.
1
posted on
11/08/2006 6:22:51 AM PST
by
KeyLargo
To: KeyLargo
How does that account for the lower opening today?
2
posted on
11/08/2006 6:25:29 AM PST
by
grobdriver
(Let the embeds check the bodies!)
To: KeyLargo
"You're not going to have runaway spending increases, you won't have a repeal of the Bush tax cuts, and there's no legislative change that will roil industries. Man. What planet is this guy living on?
3
posted on
11/08/2006 6:25:56 AM PST
by
FlingWingFlyer
(November 7, 2006. The day America surrendered to Islamofascism.)
To: KeyLargo
With a 50-50 in the senate and loss of the house, there will be absolute gridlock for the newxt two years. That might be the best thing right now.
You never want the government to "fix" anything, and if they are so devided it might well be a good thing.
4
posted on
11/08/2006 6:26:20 AM PST
by
IllumiNaughtyByNature
(If a pug barks and no one is around to hear it... they hold a grudge for a long time!)
To: KeyLargo
you won't have a repeal of the Bush tax cuts If they are not made permanent, yes you will.
5
posted on
11/08/2006 6:26:34 AM PST
by
frogjerk
(REUTERS: We give smoke and mirrors a bad name)
To: KeyLargo
Just a hunch,I doubt the investors will be rooting long !!!
6
posted on
11/08/2006 6:26:53 AM PST
by
Obie Wan
To: K4Harty
Is that number final? I just woke up. Did we at least hold the Senate?
7
posted on
11/08/2006 6:27:30 AM PST
by
Hildy
To: K4Harty
You never want the government to "fix" anything, and if they are so divided it might well be a good thing. I have no problem with the government doing nothing, except making the tax cuts permanent.
8
posted on
11/08/2006 6:27:43 AM PST
by
frogjerk
(REUTERS: We give smoke and mirrors a bad name)
To: KeyLargo
It appears Business Analysis for Investment Firms get paid to put out nonsense marketing propaganda out as news.
Guess boyo here never realized the Bush Taxcuts have a sunset provision put in place by the Democrat controlled Senate. You all do remember the Democrats controlled the Senate from mid 2001 to 2003? Forget getting them renewed now.
Wonder how the Market is going to react to that bit of data?
9
posted on
11/08/2006 6:28:25 AM PST
by
MNJohnnie
(The Democrat Party: Hard on Taxpayers, Soft on Terrorism!)
To: Hildy
Is that number final? I just woke up. Did we at least hold the Senate? Not yet, it's gonna be a long court battle.
10
posted on
11/08/2006 6:28:39 AM PST
by
IllumiNaughtyByNature
(If a pug barks and no one is around to hear it... they hold a grudge for a long time!)
To: K4Harty
"With a 50-50 in the senate ..."
There will be some Rino who will switch parties and hand control to the marxist party known as dem-o-rats.
11
posted on
11/08/2006 6:28:44 AM PST
by
dynachrome
("Where am I? Where am I going? Why am I in a handbasket?")
To: grobdriver
How does that account for the lower opening today? Wall Street views uncertainty as the worse possible news.
12
posted on
11/08/2006 6:28:50 AM PST
by
wagglebee
("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
To: KeyLargo
Yeah. They'll save on fuel costs for now, but that situation will get highly interesting in the near future. All that matters is what we can get with cheap transportation and cheap labor today, though. ...right?
13
posted on
11/08/2006 6:28:52 AM PST
by
familyop
To: frogjerk
14
posted on
11/08/2006 6:29:00 AM PST
by
IllumiNaughtyByNature
(If a pug barks and no one is around to hear it... they hold a grudge for a long time!)
To: K4Harty
15
posted on
11/08/2006 6:29:39 AM PST
by
Huck
(TODAY ONLY--Half Price on all VANITY POSTS>>>GET EM WHILE THEY'RE HOT!)
To: K4Harty
Ah no. The Bush Tax cuts will not be renewed now. Say hello to our old friend Recession. Wonder what is going to happen to the Market when they realize the Bush Taxcuts are GONE?
16
posted on
11/08/2006 6:29:45 AM PST
by
MNJohnnie
(The Democrat Party: Hard on Taxpayers, Soft on Terrorism!)
To: K4Harty
Ah no. The Bush Tax cuts will not be renewed now. Say hello to our old friend Recession. Wonder what is going to happen to the Market when they realize the Bush Taxcuts are GONE?
17
posted on
11/08/2006 6:29:46 AM PST
by
MNJohnnie
(The Democrat Party: Hard on Taxpayers, Soft on Terrorism!)
To: Hildy
No numbers are final.
Montana is still counting and maybe into a recount and Allen has not conceded. VA's race may not be known for weeks.
18
posted on
11/08/2006 6:30:05 AM PST
by
onyx
(We have two political parties: the American Party and the Anti-American Party.)
To: dynachrome
There will be some Rino who will switch parties and hand control to the marxist party known as dem-o-rats. If that happens, the GOP needs to be prepared to offer Lieberman anything he wants to caucus with the GOP.
19
posted on
11/08/2006 6:30:23 AM PST
by
wagglebee
("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
To: MNJohnnie
Ah no. The Bush Tax cuts will not be renewed now. Say hello to our old friend Recession. Wonder what is going to happen to the Market when they realize the Bush Taxcuts are GONE?Move their investments into bonds?
20
posted on
11/08/2006 6:30:34 AM PST
by
frogjerk
(REUTERS: We give smoke and mirrors a bad name)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson