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To: expat_panama

1918 Russia have I seen anyone change the economy for politics’ sake.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Well I am reading reports (which I am not in a position to either verify of debunk) of wealthy people pulling their money out of the stock market due to concerns about what Obama will do. Would you call that changing the economy for politics’ sake? I feel sure that there are business decisions being changed based on fears of an Obama presidency.


87 posted on 11/21/2008 10:43:53 AM PST by RipSawyer (Great Grandpa was a Confederate soldier from the cradle of secession.)
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To: RipSawyer
there are business decisions being changed based on fears of an Obama presidency

Absolutely, and at the same time Obama is changing political decisions based on fears of a worsening economy.   

My point is that when markets and politics collide, it's economic realities that eventually change the political realities.  OK, it might take 70 years (Russia) or even longer (Saudi Arabia) but the latest news (G20 Summit Outcome Surpasses Expectations) is that even those two countries (along with China even!) have signed on to "a continued commitment to ensure that financial market reforms are in line with free market principles."

92 posted on 11/21/2008 11:11:00 AM PST by expat_panama
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