It’s the economy, Stupid!

The title of my post should ring a few bells in the minds of those old enough to vote in 1992. It was, after all, Bill Clinton’s official campaign theme (with “I feel your pain” being the unofficial theme). Perhaps the economy will be the undoing of Hillary’s campaign — although it should, by the same measure, be the undoing of the Obama campaign, or any Democratic campaign. Here’s the Captain:

Which spectre haunts financial advisers the most? Terrorism? Global unrest? Not even close. According to a survey of over 200 financial advisers taken in December, their biggest worry is that Hillary Clinton will win the presidential election in November:

Nothing worries financial advisers more than the prospect of a Democrat’s being elected president in November, according to a quarterly poll by Brinker Capital Inc.The fourth-quarter edition of the Brinker Barometer, which polled 236 advisers in December, found that 22% indicated that a “Democrat in the White House” worried them more than all other economic or geopolitical concerns.

Rounding out the list of concerns was “global unrest” (15%), “U.S. economic growth” (15%), “a terrorist attack” (13%) and “a recession” (13%).

They’re less concerned about recession than dealing with the economic policies of a new Clinton administration. They fear that a big increase in taxes will erode equity investments, especially given the proclivity of Democrats to target equity funds for new taxes to pay for their increased spending. Eighty-one percent feel that Democrats will raise capital gains taxes, income taxes, and dividends.

Interestingly, Rudy Giuliani gets the biggest endorsement in the survey. One might have expected Mitt Romney, with his extensive experience in investments, would have generated the most enthusiasm.


3 Responses

  1. Hi Bookworm, I guess you were paying more attention to the headline “Dozens in Texas Town Report Seeing UFO”, rather than ” EMI to Cut Up to 2,000 Jobs”.

    Recession seems to be the ticket for this election-year. And I wonder if those “investors”, whose opinion you esteem, have an opinion on that.

    Did I mention the possible recession is Dubya’s Republican gift to the nation?

  2. […] [Discuss this article with Bookworm over at Bookworm Room…] Share Article Sphere: Related Content Trackback URL […]

  3. Ouch. I guess, Greg was kinda right on the button there, what with the financial meltdown and all.

    What a disaster 8 years of Bush has been, on all fronts. The economy is screwed. The war in Iraq has no end in sight, except the possible option of pullout, which would mean an admission of failure. Over the Bush years, the U.S. has lost its credibility, respect, and leadership position in the world, perhaps permanently. It’s been an inextricable all-round eff-up, on many fronts – economy and security included, but the worst aspect of the Bush legacy will be the loss of America’s standing in the world.

    Over the last few years, I’ve seen a lot of stupid, short-sighted, partisan ideas expressed by the commentators on this blog. I keep coming back from time to time and think, “When are they ever going to get it?”

    Now, the US has got the chance to show the world that it IS all about what it claims to be; that it IS truly the land of freedom and opportunity; that it isn’t just full of stupid Palin-loving rednecks, who haven’t even travelled abroad. It has got the chance to show the world that it deserves to be the leader of the free world; that it can elect the most intelligent people to do the job.

    But you guys are still harping on about John McCain and Palin. Why? It’s mind-bogglingly stupid. Do you really want someone as dense as Palin, and as out of touch as McCain representing the US? As a human being, even I feel ashamed that with 6 billion people on the planet, we have these two running for election for the most powerful positions on Earth.

    If McCain wins, that’s going to cement America’s fate. Twelve years of idiocy is too much, even for a great nation. Support for America in the rest of world will get weaker and eventually, the US will be seen as just another power, alongside Europe, India, China and Russia. Of course this may take decades, but the Bush presidency will have started the downturn, and a McCain presidency would cement it.

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