Posted by
Roy Rolling on Wednesday, October 22, 2008 5:45:33 AM
What if Democrats win? Will Republicans support the president? Or will markets take a juvenile attitude? There is a real risk of what many allude to but do not address, it is the "I will take my toys home if I don't get to make the rules" attitude of some markets.
The simmering hatred by the oil markets from years of hammering boiled over in the Clinton administration and led to an over-correction by the Bush administration.
So as long as defeatism doesn't turn into sabotage the next four years will be compared to a "normal" business cycle. But if another presidential campaign starts the day after this one ends, neither side wins in such a manipulated economy and anything-but-free market.