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On the day before the US election, my head is spinning like a top when it comes to which presidential candidate will be better for the strength of the US dollar and the US economy. It doesn’t matter which candidate you prefer, the real issue is which candidate will the markets like in the long run. So who will be better suited for this turbulent economy? Barack Obama or John McCain?
Instead of giving you another politically charged post for which I have absolutely no desire to write, I decided to point you in the direction of each candidate’s written economic plans so you can decide for yourself. Here are the candidates web pages that directly address their financial plans for the United States:
No matter who is elected president on November 4, 2008, it seems the US will be glad to see this change we are all looking for. I like to reflect on change by looking back to see why we arrived at the situation that brought us to the conditions we so desperately want to change. The stock market will be waiting with bated breath the days surrounding the election. And this will directly effect the US dollar of course. I can say that as an individual who sees the opinions of my fellow Americans everyday, there seems to be a strong feeling that even if a Republican is the best man for the job, the US would rather see a Democrat in office just to see what they can do. I feel the markets will have a strong push with either candidate, but the push may be more for Barack Obama because of this notion of change from the Democrats. Would it be better off with tax cuts generally made by Republicans? Who will make the markets more transparent so we can see the crooks and problems surface sooner? Who is really going to boost our local economies so each of us can afford to put more money back into our markets? These are the questions that will determine what the next four years will hold for the United States.
I will be very careful trading over the next few days as a forex trader. If you trade currencies you know how a small swing can kill you with the leverage if you’re not careful with your stop losses. I think I can afford to sit back for a day or so and let the waters calm down before I jump into this whirlpool.
After reading both economic policies, who do you think will create a stronger dollar and economy for the United States?
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Mon, Nov 3, 2008
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