Reuters: “Kerry Presidency Seen a Boon for US Markets"

[rodbarnett]

“Kerry Presidency Seen a Boon for U.S. Markets,” declared the headline over a story distributed by Reuters on Friday which contended that “experts say” a Kerry victory “would be good for Wall Street, which likes the way he talks up balancing the budget.” The British news agency was so proud of the story that it featured it on its home page in “The Reuters Edge” slot, plugged as “recommended reading” for the day.

New York City-based Reuters reporter Chris Sanders also cited how investors like gridlock in Washington, which would result from a Democratic presidency and Republican-controlled Congress, but he led with an economist who touted how "Kerry (policy) will probably be similar to a Clinton economic policy, which would be more focused on balancing the budget." No mention of how the Republican Congress elected in 1994 contributed to controlling spending nor of how Kerry as a spending cutter is ludicrous given his consistent “F” grades from the National Taxpayers Union (NTU).

http://www.mediaresearch.org/cyberalerts/2004/cyb20040209.asp#2

[creativelcro]

1. LOL: is that the same Wall Street that tanks when new jobs are added?

And that sees moving jobs abroad also as a boon...?... And that appears to be corrupted at the core ?...

[redqueen]

4. The very same

I guess they figure the party is dominated by neo-liberals and they would see this as a good thing. :shrug:

[fiorello]

2. Great! It means we'll win in November....

The same stories surfaced in 1992. When Clinton won, Wall Street breathed an audible sigh of relief. I'm sure that was a big part of Clinton's victory - Wall Street pulls lots of strings behind the scenes.

It also means that Wall Street is scared of what Baby Bush is doing to the country, even more than they are happy about Baby Bush's giveaways to the rich. Just like with Papa Bush. Shows how bad Papa and Baby Bush are.

[w4rma]

6. Clinton also signed NAFTA and helped deregulate corps

which exported our middle class jobs and enabled scandals such as Enron and WorldCom.

That better not be what Wall Street is expecting from Kerry.

If I get a wiff that Kerry doesn't plan to push for fair-trade and bring middle class jobs back into the U.S. (not McD jobs), this is the major issue that will make or break my vote in November. <period>

Currently I think that Kerry does plan to push for fair-trade policies.

[redqueen]

9. Thanks for pointing out why they loved Clinton n/t

[Renew Deal]

3. Debts and Deficits make Wall St. nervous.

Bush said the deficit will be cut in half in 5 years. That's approximately 2.25 trillion in additional debt after 5 years. I am listening to Howard Stern right now. He just said that he is hearing that it will all crash after election day. He has been saying this recently. He says that he is hearing that disaster is on the way. That's because of these deficits.

[revcarol]

5. Are you all reading the same article I am?

Or are you just drawing different implications?

Fer instance, I see Wall Street's confidence as an indication that privatization and outsourcing and shipping jobs overseas will continue under Kerry.

I see his "balancing the budget" as reducing social services since he will add two more divisions to the army and does not propose reducing the defense budget...and they luv to reduce social spending.

Kerry's pro-NAFTA, Pro-WTO, pro-GATT and pro-fast track policies are just what the "investors"(BIG investors) ordered.They want to move around money to their whim and hire workers and children to work at slave wages.

I see the last nail in the coffin of the middle class with Kerry.

Are we all reading the same article?

They see him as "BUSH, ONLY BETTER."

:puke:

:puke: :puke:

[redqueen]

8. I see things from your perspective as well, revcarol

I hope this kind of information will make a difference, but I think groupthink has taken over. :(

[Mairead]

10. Likewise.

War is good for business. Invest your children.

[Monte Carlo]

7. The MRC is a hard-right lapdog.

It is one of those organizations that routinely screams 'bias' in everything it watches. Right in this article, they are whining about the "New York City-based Reuters" not kissing the ass of their radical right friends in and around Washington.