I saw a speaker the other day - his specialty is how politics impacts the economy. Sorry I forgot his name already.
So this political guy said...
1. We can expect a slight recession, but by end of summer it will be over.
2. No matter who's going to be president, they're going to raise taxes. Areas of target: investment income, individuals will pay more, and corporate tax will go down.
3. Bush was beginning to make the deficit go the other way recently, but the upcoming rebate will erase that progress.
4. If Hillary wins the nomination, McCain will lose.
5. If Obama wins the nomination, McCain will win because Obama's out too far on the left.
6. April 22 will be a big day, where Hillary & Obama will play out. Ohio is for Hillary apparently, there's another midwestern state for Hillary outstanding, and Texas is undecided. So in other words, Texas will be key in deciding who's the Dem candidate. (Hillary & Obama were here in Corpus Christi last week. It's the first visit we've had since who knows when).
7. I can't remember what Dem candidate won Florida, but if the other Dem candidate wins the nomination, Florida (and one other state) will sue, because they're candidate didn't get the nomination. This has to do with not being represented in the Dem nomination process. What this means is that if sucessful, it's possible we will have McCain versus TWO Dem candidates in the presidential race (doubtful I would think...).
8. The Obama/Hillary race won't be over until the last part of summer.
9. The guy honestly had no idea who's going to win this year.
So this political guy said...
1. We can expect a slight recession, but by end of summer it will be over.
2. No matter who's going to be president, they're going to raise taxes. Areas of target: investment income, individuals will pay more, and corporate tax will go down.
3. Bush was beginning to make the deficit go the other way recently, but the upcoming rebate will erase that progress.
4. If Hillary wins the nomination, McCain will lose.
5. If Obama wins the nomination, McCain will win because Obama's out too far on the left.
6. April 22 will be a big day, where Hillary & Obama will play out. Ohio is for Hillary apparently, there's another midwestern state for Hillary outstanding, and Texas is undecided. So in other words, Texas will be key in deciding who's the Dem candidate. (Hillary & Obama were here in Corpus Christi last week. It's the first visit we've had since who knows when).
7. I can't remember what Dem candidate won Florida, but if the other Dem candidate wins the nomination, Florida (and one other state) will sue, because they're candidate didn't get the nomination. This has to do with not being represented in the Dem nomination process. What this means is that if sucessful, it's possible we will have McCain versus TWO Dem candidates in the presidential race (doubtful I would think...).
8. The Obama/Hillary race won't be over until the last part of summer.
9. The guy honestly had no idea who's going to win this year.