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Markets Are Booing McCain's VP Choice
Investor's Business Daily ^
| 2008-09-05
| John Tamny
Posted on 09/05/2008 1:03:10 AM PDT by rabscuttle385
Alongside last Friday's announcement that Alaska Gov. Sarah Palin would be John McCain's running mate, the Dow Jones industrial average fell 170 points. Stocks have shown weakness ever since.
While there are many factors that move markets, a looming electoral contest between a tax-hiking Democrat versus a nominally pro-growth Republican surely weighs heavily on market psyche. It says here that the markets concluded that whatever John McCain's true economic views, he has handed the election to the anti-growth candidate with his selection of Palin.
Stocks were presumably booing a running-mate choice that will greatly aid Barack Obama's election in November. Running against a candidate suddenly much less credible thanks to the Palin selection, Obama will now have much less reason to temper the liberal rhetoric that's put him within striking distance of the White House.
(Excerpt) Read more at ibdeditorials.com ...
TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Alaska
KEYWORDS: 2008; 2008rncconvention; 2008veep; bravosierra; election; electionpresident; elections; markets; mccain; mccainpalin; mccaintruthfile; mumbojumbo; palin; palinattacks; pds; propagandawingofdnc
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For economic libertarians already skeptical about his pro-growth bona fides, McCain's selection of an unknown when it comes to policy for the nation's second highest office is evidence that he'll say and do anything to get elected; his true views to be determined.
So basically...McCain is still McCain?
To: rabscuttle385
Market is being effected mainly right now by speculation that the jobs report is going to be bad. And retailers are reporting that “back-to-school” sales were sluggish this year.
2
posted on
09/05/2008 1:05:14 AM PDT
by
jerry557
To: jerry557
To: rabscuttle385
If they want a tax and spend socialist, they have no right to complain about confiscatory taxes and oppressive regulation in the future.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
4
posted on
09/05/2008 1:08:01 AM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: rabscuttle385
Err, dude, you’re posting an article from last Friday.
Lots has happened since then.
Check your calendar.
5
posted on
09/05/2008 1:08:07 AM PDT
by
JennysCool
(A man who served his country well vs. a walking Che poster. Is it really that tough a choice?)
To: rabscuttle385
yawn. nothing to see here.
6
posted on
09/05/2008 1:08:07 AM PDT
by
a_chronic_whiner
(G.I. John / Superwoman 08)
To: rabscuttle385
Wow, just wow.
When I heard a news report earlier today that the markets were a little down I jokingly thought some idjet was going to rush out and blame Palin for it - then I dismissed the idea as absurd, no one is that blatantly and illogically partisan. Unfortunately, I was wrong on that score.
7
posted on
09/05/2008 1:08:24 AM PDT
by
eclecticEel
(men who believe deeply in something, even wrong, usually triumph over men who believe in nothing)
To: jerry557
True. I would have expected better from IBD.
8
posted on
09/05/2008 1:08:29 AM PDT
by
hsalaw
To: 6323cd; Sunnyflorida; catfish1957; roamer_1; AmericanInTokyo; 383rr; djsherin; GunsareOK; ...
Ping! Give this article a look over. The author is somewhat long-winded and disorganized but makes some good points. Since Palin is not your average Beltway insider (unlike McCain, Obama, and Biden), there are a lot of unknowns, and it's hard to fill in the blanks with all the spin and disinformation flying around. Hopefully things will become clearer as the dust settles.
9
posted on
09/05/2008 1:08:36 AM PDT
by
rabscuttle385
(Life's uncertain. Eat dessert first.)
To: rabscuttle385
Oops. My mistake!
I’m ahead of my time.
Gotta get that calendar fixed!
10
posted on
09/05/2008 1:09:43 AM PDT
by
JennysCool
(A man who served his country well vs. a walking Che poster. Is it really that tough a choice?)
To: rabscuttle385
Ah, you’re not a fan of Palin, huh?
To: rabscuttle385
What happened to IBD?
They used to have such sensible editorials, now they are competing with the stupidity and bias of the MSM.
12
posted on
09/05/2008 1:10:47 AM PDT
by
FocusNexus
("Winning isn't everything, it's the only thing." -- Vince Lombardi)
To: jerry557
but McCain has increased the risk of a major hurricane hitting the Norleans coast because of his selection of SP for vp ( now THAT is catchy!) AND lets not forgot about the poor apple crop this year.
13
posted on
09/05/2008 1:10:49 AM PDT
by
cherry
To: JennysCool
Err, dude, youre posting an article from last Friday. Today is 09/05/2008. The article is dated 09/04/2008, after market closing, and will likely appear in today's edition. Would you like me to check for you when the paper shows up at my doorstep in a few hours?
14
posted on
09/05/2008 1:10:49 AM PDT
by
rabscuttle385
(Life's uncertain. Eat dessert first.)
To: rabscuttle385
a looming electoral contest between a tax-hiking Democrat versus a nominally pro-growth Republican surely weighs heavily on market psyche. It says here that the markets concluded that whatever John McCain's true economic views, he has handed the election to the anti-growth candidate with his selection of Palin.Rather than asking the markets, has it ever occurred to anyone to actually ask the people who are making the trades why they are selling or buying?
15
posted on
09/05/2008 1:11:06 AM PDT
by
stripes1776
("That if gold rust, what shall iron do?" --Chaucer)
To: rabscuttle385
Dumbest analysis ever. Right up there with Astrology and palm reading.
16
posted on
09/05/2008 1:11:06 AM PDT
by
mbraynard
(You are the Republican Party. See you at the precinct meeting.)
To: rabscuttle385
In putting Sarah Palin potentially one heartbeat from the presidency, John McCain has for all his great service to this country shown an impressive disrespect for the same country's highest office with this cynical gimmick.For a second, I thought I was reading Daily Kos. What is this crap?
To: rabscuttle385
While I was never a big fan of McCain, this article is stupid.
Crying morons.
18
posted on
09/05/2008 1:11:38 AM PDT
by
AlexW
(Reporting from Bratislava, Slovakia. Happy not to be back in the USA for now.)
To: goldstategop
This is so stupid.
I watch CNBC on some mornings, and frequently catch CEOs and mutual fund managers express serious concern about the negative impacts of an Obama presidency with a Dem Congress would have on the economy and markets with their plans for higher taxes and more regulations.
19
posted on
09/05/2008 1:13:47 AM PDT
by
FocusNexus
("Winning isn't everything, it's the only thing." -- Vince Lombardi)
To: snarkytart
Ah, youre not a fan of Palin, huh?If by that you mean that I haven't blindly pledged my allegiance to her, than yes.
Right now, she appears very good, and I think that she'll pass all the tests in the end. But, since McCain announced her as his pick, all sorts of stuff has been flying around, some conflicting, some spotty, and others in the middle.
I'll wait and see. At first blush, she's one helluva conservative and provides hope for a bright future to the conservative wing of the GOP. But, I'd rather perform some due diligence before casting a vote, if you don't mind.
20
posted on
09/05/2008 1:15:26 AM PDT
by
rabscuttle385
(Life's uncertain. Eat dessert first.)
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