I am here to post the bad news about Bush and will do that from now... because ignorance itself is very dangerous. Anyway here's news:
http://money.iwon.com/jsp/nw/nwdt_r...4iu000&date=20041103&alias=/alias/money/cm/nw
Wednesday November 3, 2:18 PM EST
NEW YORK (AP) — President Bush's election victory is shaping up as a potential bonanza for Wall Street, where firms are salivating about the possibility he will follow through on his pledge to allow private investment of Social Security funds.
A second term for the Republican president also makes it likely drug makers can head off government-mandated price controls for now. The defense industry also looks like a winner, more regulatory victories may be in store for the Baby Bells, and look for a new push for oil drilling in the Alaska wilderness.
While the privatization of Social Security has taken a back seat in this current election, experts predict the president will work with congressional Republicans, who boosted their majority in both houses, on what would be the most dramatic changes in the government retirement program's 69-year history. In addition, the president has gone on record as supporting an increase in medical savings accounts for individuals.
Banks, investment firms, mutual fund companies and insurers would offer to help individuals manage these new private retirement investments, which could lead to billions of dollars in new funds under their control and higher profits if legislation clears Congress.
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http://www.reuters.com/newsArticle.jhtml?type=reutersEdge&storyID=6704690
Bush Seen Keeping Economic Team for Now
Wed Nov 3, 2004 02:17 PM ET
By Laura MacInnis
WASHINGTON (Reuters) - President Bush, re-elected on Tuesday, is likely to stick closely to the status quo in his economic team, leaving it up to top officials such as Treasury Secretary John Snow whether to stay or to go.
Analysts and Republican officials say they expect Snow to stay on, at least temporarily, to push tax reforms and other domestic priorities.
"I think he is very comfortable with John Snow as treasury secretary, so I don't think there will be a change until Snow wants to leave," said Ethan Siegal, president of institutional investor adviser Washington Exchange.
Siegal said Bush will focus on making his tax cuts permanent, simplifying the tax code and fixing Social Security. He may also concentrate on finding a replacement for Federal Reserve Chairman Alan Greenspan, who is set to leave in 2006.
Keep in mind, what did Bush for us so far? Lots of job cuts, economy kept sinking and sinking.. And remember that Bush's economy is FOR industries & rich people only, not us regular joes.
http://money.iwon.com/jsp/nw/nwdt_r...4iu000&date=20041103&alias=/alias/money/cm/nw
Wednesday November 3, 2:18 PM EST
NEW YORK (AP) — President Bush's election victory is shaping up as a potential bonanza for Wall Street, where firms are salivating about the possibility he will follow through on his pledge to allow private investment of Social Security funds.
A second term for the Republican president also makes it likely drug makers can head off government-mandated price controls for now. The defense industry also looks like a winner, more regulatory victories may be in store for the Baby Bells, and look for a new push for oil drilling in the Alaska wilderness.
While the privatization of Social Security has taken a back seat in this current election, experts predict the president will work with congressional Republicans, who boosted their majority in both houses, on what would be the most dramatic changes in the government retirement program's 69-year history. In addition, the president has gone on record as supporting an increase in medical savings accounts for individuals.
Banks, investment firms, mutual fund companies and insurers would offer to help individuals manage these new private retirement investments, which could lead to billions of dollars in new funds under their control and higher profits if legislation clears Congress.
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http://www.reuters.com/newsArticle.jhtml?type=reutersEdge&storyID=6704690
Bush Seen Keeping Economic Team for Now
Wed Nov 3, 2004 02:17 PM ET
By Laura MacInnis
WASHINGTON (Reuters) - President Bush, re-elected on Tuesday, is likely to stick closely to the status quo in his economic team, leaving it up to top officials such as Treasury Secretary John Snow whether to stay or to go.
Analysts and Republican officials say they expect Snow to stay on, at least temporarily, to push tax reforms and other domestic priorities.
"I think he is very comfortable with John Snow as treasury secretary, so I don't think there will be a change until Snow wants to leave," said Ethan Siegal, president of institutional investor adviser Washington Exchange.
Siegal said Bush will focus on making his tax cuts permanent, simplifying the tax code and fixing Social Security. He may also concentrate on finding a replacement for Federal Reserve Chairman Alan Greenspan, who is set to leave in 2006.
Keep in mind, what did Bush for us so far? Lots of job cuts, economy kept sinking and sinking.. And remember that Bush's economy is FOR industries & rich people only, not us regular joes.
