At Reuters Summit, McCain seen as best choice for economy

[Amerigo Vespucci]

Source: Reuters

NEW YORK (Reuters) - Republican presidential candidate John McCain's tax policies have given him an edge as the better man for the economy, various Wall Street experts said at this week's Reuters Investment Outlook Summit.

But, against a backdrop of job losses and deteriorating home values, Wall Street is backing McCain's Democratic rival, Barack Obama with cold, hard cash.

McCain plans to extend the Bush administration's tax cuts, eliminate the Alternative Minimum Tax, and slash corporate taxes. Obama, who has derided the Arizona senator's plans, has pledged to raise taxes on the wealthy and introduce a broad range of refundable tax credits.

"My personal opinion is I would argue that McCain is probably the better candidate for the economy and that is more or less because of his tax policies," James Caron, head of global rates research at investment bank Morgan Stanley in New York, said at the Reuters Summit this week.

Read more: http://www.reuters.com/article/politicsNews/idUSN1334411920080615

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Bush's base "hearts" McCain, eh?

[Lone_Star_Dem]

1. They said to chants of, "More of the same! More of the same!"

Since it's worked out so well for the working class and all...

[Wednesdays]

19. Thank you, sir! May I have another?

[Liberal Veteran]

2. What they really mean is McCraphole would be better for the economies of the top 2 percentile.

[Phred42]

3. The Reich is promoting Insane McCain - what a surprise. But here's the real reason

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x147468

[Tutonic]

4. Is Reuters a code word for "Elitist Banking Class?

Replace "economy" with the words "Me and the other top 1% money makers" throughout article and you can cut to the chase. Is Reuters a code word for "Elitist Banking Class"?

[OhioChick]

5. "best choice for economy?"

Another 4-8 years of this and we'll be a third world country.

[sofa king]

6. What do you know? The rich, greedy bastards who fucked us up support McCain.

[harmonicon]

7. well, yeah, we all know that he'd make the rich richer

Does anyone think otherwise?

[SpiralHawk]

8. "McSame is our boy-o. More tax cuts for wealthy republicons. Smirk." - Wall Street fat cats

[SergeyDovlatov]

13. wow. that is one big fat cat n/t

[CANDO]

9. "The Economy" to these folks is the one on Wall Street.

Not the one on Main Street.

[pattmarty]

10. Does anyone fucking care what these "Wall Street"........

....morons think anymore? they're like the neocons; how many times can you be wrong before you're right? Ask your local bartender and he can give you better and more correct economic answers. these guys are only looking out for themselves and their fellow cronies, and (from what we've seen in the last 10 yrs) can't predict shit with any accuracy.

[lonestarnot]

11. And the poletariat, the ones out on the street w/o homes, and hungry, what do they think?

[Roy]

12. Amazing choice of headline....

"But, against a backdrop of job losses and deteriorating home values, Wall Street is backing McCain's Democratic rival, Barack Obama with cold, hard cash."

[Amerigo Vespucci]

14. I just linked this thread to another in LBN:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3353756&mesg_id=3353756

...which documents the rise in CEO pay during 2007.

Make no mistake, the "haves" and "have mores" have had a good thing going with Bush, and they're ready to do whatever they can to guarantee a third term.

[Delphinus]

15. Can I have some of the drugs he's taking?

If it would get me to look at life through whatever slant he's got, it might be helpful.

[DuaneBidoux]

16. Most no longer make choice: best for economy vs. best for business.

That's the problem. Under dems business doesn't do quite as well and everyone else does much better. Under 'pukes business does great and everyone else moves into Hades. There has been a confusion between "business" and "America" (you know...all the rest of us?).

[bluerum]

17. Not to mention the article presents a completely fabricated "consumer" image.

How can you possibly expect a senior level wall streeter to be in touch?

What !? Touch my money !? Well,,, you can't do that - the economy will tank!

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=6365157&mesg_id=6365157

[LawyersGunsandMoney]

18. I don't think he'd be good even for millionaires

the man knows jack shit about economics by his own admission.

[annabanana]

20. Wall Sreet isn't interested in the economy.

They are only interested in speculative stock prices.. and the rising and falling of same.

They have very little to do with the economy of much beyond the upper East Side and Southern Connecticut..

[frickaline]

21. This just in! White collar criminals prefer McCain!