The market is rising mainly because oil prices are dropping and the Fed has eased up. Anyone who thinks the market reacts to who’s in charge of Congress or even the White House doesn’t know economics and is ignorant of politics.
2006-11-02 19:13:32 · 8 answers · asked by Anonymous in Politics & Government ➔ Politics
If you disagree, then explain yourself.
2006-11-02 19:13:59 · update #1
they have a relationship but the fed isn't influenced by the president's decisions.
2006-11-02 19:20:58 · update #2
Tax policies have a marginal impact, at best. Bill Clinton raised taxes and the market went up. George Bush cut taxes and the market went up. Supply-siders think tax rates are a big deal. They’re wrong. Democrats could roll back all the Bush tax cuts and the market would be indifferent.
2006-11-02 20:41:11 · update #3
Wednesday, Nov. 8, we'll impeach Bush and Cheney. Thursday, Nov. 9, Speaker Nancy Pelosi will be sworn in as President. Friday, November 10, Dow Jones average will soar to 20,000.
2006-11-02 19:16:42 · answer #1 · answered by Jim 5 · 3⤊ 0⤋
Why did Democrats give Clinton credit? Your right the President has very little to do with the stock market or the economy. Congress has some effect. Mainly thru taxes on corporations. Past history shows that the Stock Market will usually drop when Democrats take over, mainly on the fear of higher taxation and the expectation of Companies being forced to provide better health care plans which are extremely expensive, frequently forcing corporations to lay off employee's to cover the cost
2006-11-02 19:59:46 · answer #2 · answered by mark g 6 · 0⤊ 1⤋
Partisan ramblings, the President, inspite of party, can do little about costs on the inventory market. A President can mess with the business equipment, yet, because the overdue 70's economic coverage has been consistent less than both party's administration.
2016-12-05 12:02:12 · answer #3 · answered by vaibahv 4 · 0⤊ 0⤋
The feds have a direct relation to the stock market by changing interest rates if I'm not mistaken. The Bush admin. is directly responsible for federal oversight on such matters since GWB is in office.
2006-11-02 19:16:52 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Bush got tax cuts. The economy reacts favorably to tax cuts. The market reacts favorably to a good economy. Therefore, Bush is responsible for the rise in the stock markets. QED
2006-11-02 19:19:41 · answer #5 · answered by yupchagee 7 · 0⤊ 3⤋
Yes, he is ignorant of politics but he just analysis the price of commodities and compares it ,if a commodity price is low a person has capital to invest in the markets.
2006-11-02 19:21:07 · answer #6 · answered by siddharth s 2 · 0⤊ 0⤋
Do you know about the 'internationalists' too?
2006-11-02 19:16:19 · answer #7 · answered by D.A. S 5 · 0⤊ 0⤋
Because they are republicans.
2006-11-02 19:15:14 · answer #8 · answered by jit bag 4 · 0⤊ 0⤋