[Morgan in Denver]

I’m still convinced that the downturn in mid to late 2008 was because the business community saw that Obama was likely to win and it scared them witless.

Business hates uncertainty, which also helps explain why we seem to have a downturn every four years right before presidential elections. Right now, business is fearful over the upcoming healthcare costs, cap & trade and enviornmental reg threats, stimulus money that's being spent to buy votes while business taxes are way too high.

Business was already pulling back, knowing the Democrat congress was over spending and wanted to raise taxes.  We have to remember, Democrats controled spending starting in 2007.  Bush's fault is he went along with too much of it.

 

[Son House]

Is ‘wall street’ anticipating a Republican win in November? My thinking is that is why the market has gone up this week, on all the talk, considering the talk of taking the Senate too