Model Portfolio eugeneg:EMF

Here is a question to everyone, which candidate will have the best impact on the markets??

It seems to me that most people are split evenly as to who will have the best/most effect on the market. John McCain wants to cut taxes, but mostly to people making over 150K/year, and corporations. This is good, because these people usually have the greatest ability to invest money. However, cutting cap gains taxes really only helps the ultra wealthy. Most people making 50-100K per year do not have large cap gains issues, it is the people with more than 10million in the market that have the largest issue with cap gains. Now to cut their taxes is just backward, and against better common sense regarding taxes. McCain also wants to leave NAFTA as is, however there is a great disparity in that agreement. The US ends up importing way more good then it exports, because the countries under this agreement do not honor the entire agreement as written.

I believe Obama's stance on revisiting NAFTA and forcing other countries to import more goods based on the original agreement will have tangible effects on the market. Allowing our companies to expand its consumer base over-seas or next door will increase sales, profitability and increase in world market share. The GOP is stuck on the issues of taxes as if they were the only reasons why the market is soft, it’s really not. Most of the reason has to do with the un-regulated mortgage market that totally collapsed and is forcing financial giants like, Lehman Brothers, Bear Stearns, Fanie and Freddie to be in serious trouble.

Leaving markets out of the hands of the gov only produce issues like we are having now, and one would think that the GOP would have learned from history. Prior to 1929 the stock market was like the mortgage market, totally unregulated. It took the financial collapse of 1929 and the great depression to show us that some gov oversight is needed to keep people honest and not praying on John Q. Public.