In what way was the economy affected by the nation election results and why?

Answer 1

Specific sectors will benefit from coming policy changes and adjusted priorities. A few sectors will suffer.

Big pharma stocks have fallen with the sure knowledge that Democrats will push through provisions that permit medicare and other federal programs to negotiate lower prices for drugs and encourage the re-importation of drugs from Canada. Sectors involved in alternative fuels will surly get a bump with the solid support for energy independence. The old energy sector -- Exxon for one -- will take a hit with the certainty that obscene profits will be taxed as windfall profits and some of the Cheney energy policy advantages for big oil will be reversed.

(These are the prognostications from one who has lost plenty in the stock market.)

Answer 2

Well, The stock market knew the results since August and democrats will force tax hikes but those wont go thru. Democrats may put big oil thru hearing its good tv watching event really. Ecomony more effected by the central bank dicisions than polticans. In some countries it used to be goverment that controlled interest rates but that over for good reason lol

Answer 3

Nancy pelosi said that in her first 100 hrs, she and the other libs would repeal the tax breaks Bush gave the American people. That means less money in your pocket. up-Chuck Rangel said he plans on increasing taxes, which means less money for you. Less money in Americans pockets means people cut back on their spending. Cutting back on personal spending means a weaker economy.