Who Benefits Most From Declining Markets in an Election Year? (Vanity Post)

AdA$tra ^ | 06.20.2002 | AdA$tra

[AdA$tra]

Who Benefits Most From Declining Markets in an Election Year?

If there was a group of people expecting huge losses in an upcoming election....and that group wanted the stock market to tank in order to diminish their opposition...How would they proceed to do that? Are there dots here to connect? I heard today that the Senate democrats average 11+ million each in net worth, as opposed to the 9+ million (Big hairy difference, I know) across the isle. Could such a group in concert with all their similar minded $upporter$, pull off something like that?

[AdA$tra]

Just wondering if any econ/market experts might have any ideas besides the minnor disapointments in corporate earnings, perhaps decling dollar and War on Terror/Middle East issues, that might be causing the recent market decline? It is fine with me if the market wants to go down for a while, but I was interested in the political angle.

[NativeNewYorker]

I live in the market.

The Dems are transparently laboring to trash the economy and the market with virtually every action and word. Then they will spin, and the press will report, Bush is the problem. Then the polls will be manipulated to show Bush's support "eroding fast". Then the Dems will propose Free Lunches for the middle class and handouts to its moochers.

Then we'll have the election.

Stocks and the dollar are both weak because they are "over owned" without supporting numbers.

[AdA$tra]

One of the reasons I asked is that I remember the Dems trying to suborn the demise of the economy every few years lately. A very defensive action, IMHO. If the economy is thriving, they simply use their obsequious press minions to lie about it being the "worst economy in the last 50 years."

[NativeNewYorker]

You've figured the scam out.