Which President would be the best for Wall Street?
IB
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(Senior Orangutan, 402
Points)
on 5/6/08 at 7:01pm
I've read conflicting things about the candidates and their attitudes towards high finance. McCain would be the traditional stalwart as the Republican. But I have also read that most of the banks are supporting Hilary. What do you all think? I have my own views on who I personally like the best, but I think that our self-interest should definitely play a role on who we chose. If anyone has a good perspective on this, please share, as I think this is something important for us to be informed upon.







Obama?
I thought Obama had the most donations from Wall Street?
I don't think the interests of the United States and Wall Street are entirely divergent. I think Barack Obama is the best person to lead this country in the long-term.
easy
Ron Paul
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Either you sling crack rock or you got a wicked jump shot
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Either you sling crack rock or you got a wicked jump shot
I think Obama would be the
I think Obama would be the best choice since he has proposed raising capital gains taxes from 15% to anywhere between 22%-28%. I think he really has a great handle on spurring economic growth and would be terrific for Wall Street.
Forgive my inability to express heavy sarcasm over the internet.
i would vote mccain, but he
i would vote mccain, but he seems to want to use tax money for iraq.
i want to vote billary because of bill, but you also have to take bill with hillary.
i want to vote obama, but he is just a muslim terrorist with policies as bad as hillary's.
not good
i would vote mccain, but he seems to want to use tax money for iraq.
i want to vote billary because of bill, but you also have to take bill with hillary.
i want to vote obama, but he is just a muslim terrorist with policies as bad as hillary's.
I guess that makes mccain a christian terrorist.
I've liked Obama throughout
I've liked Obama throughout the race, but I pretty much became a full-fledged Obama convert after reading this post: http://blog.pmarca.com/2008/03/an-hour-and-a-h.html
However, that's just my personal leaning. For Wall Street? Probably McCain.
Also, keep in mind that what's best for "Wall Street" isn't necessarily best for everyone on Wall Street. Specifically, the tax implications of one president or another are very different for an analyst making ~$150K (all cash) vs. an MD making millions or a HF/PE Manager making billions (with a significant component in carried interest, restricted stock, etc.).
Land of the free?
Ron Paul
Agree, but sadly America is falling for socialism.
I would think Obama. But I
I would think Obama.
But I think the effect will be minimal either way.
Ron Paul by a huge margin.
Ron Paul by a huge margin.
None of the current favorites have a clue about economics though, so who knows what hair-brained policies they'll come up with to try to win a few more votes.
Clinton thinks Wall Street
Clinton thinks Wall Street is full of grubbers.
Seriously, these candidates do not have strong elements when it comes to the economy.
Whatever one of those
Whatever one of those assholes gets elected deserves it. The economy is going to shit all over them and they'll go down in history as worse than Bush. Why do you think Bill had such glory years other than the eocnomy was healthy and looking up? He was able to drop bombs on people without anyone batting an eye.
"None of the three remaining
"None of the three remaining Presidential candidates has a significant background in economics. McCain’s bare graduation from the Naval Academy did not include much focus on finance, while Hillary Clinton’s rather more distinguished progress through Wellesley and Barack Obama’s through Columbia, both majoring in political science, contained just a smidgeon more."
At least Obama has the sense to criticize McCain/Clinton's proposed gas tax holiday. I almost always favor tax cuts, but a 'gas tax holiday' is an awful idea. Clinton wants to finance it through a windfall tax on oil firms. Crazy.
junkbondswap, why do you
junkbondswap, why do you think raising capital gains taxes is a good thing? As for the topic, really tough for me to say. Hilary makes me cringe and reminds me way too much of Caroline Reynolds from prison break, but wall street seems to like clintons in office. Obama not sure, Mccain im fearing would be worse than Bush.
In summary
Hilary - Dont trust
Obama - promises waiting to be broken or ridiculous spending
Mccain - more ridiculous spending
"Oh - the ladies ever tell you that you look like a fucking optical illusion?"
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
bloomberg. lets rally to
bloomberg. lets rally to make him run.
AltESV, who do you think
AltESV, who do you think would be the best for an analyst/associate?
Also, who would be likely to have the best long term impact on the street?
It doesn't really matter
Bloomberg radio
oasising - I'm really not
Also, none of the candidates
the thought of a democratic
Obama will go far
Trade4size, Re-read my
middle class
What?
Well, I was talking about
Yeah
By default...McCain.
The best case against
.
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"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."
look it up...
McCain or Paul
Uhhh.I'd say McCain. The
Reality hits you hard, bro...
I'd have to say McCain.
"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan
Warren Buffett is supporting
McCain-makes it rain over
a lot of people are not
McCain Romney ticket would
Romney is a horrible choice
Nas2008