The two candidates who had backing from organized labor got slaughtered last night. You have to conclude that protectionist arguments just aren't going anywhere.
More Quotes from Greg Valliere:
Even though there's a lot of angst over the budget, a cut of 56 billion over five years, or 40 billion in spending cuts over five years, is pretty mild it's almost a rounding error.Greg Valliere
I personally think the 1992 analogy has been overdone.
Greg Valliere
We should have economic growth of more than 3 percent this quarter. I think the Fed is concerned about a possible housing bubble and about us getting close to full employment. I think this is one of the rare occasions were the market has it wrong.
Greg Valliere
I really think when you talk about pocketbook issues that affect the electorate, people think about the Nasdaq (composite index) and the Dow Jones (industrial average). If we got another rate hike and the market sold off on that, I think people would be displeased. If there's no rate hike on August 22 and the market rallies, you've got to say that helps (Al) Gore.
Greg Valliere
If business had serious objections to him, he wouldn't have been nominated.
Greg Valliere
I have argued with great futility that this entire argument is based on a flawed premise. If you use a more realistic GDP assumption, based on what we've seen over the past few decades, Social Security won't go bankrupt.
Greg Valliere
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