But there are a lot of issues about which the median investor does not care--or does not care much. Bob Rubin's Wall Street friends would (most of them) not be displeased with a president who led a serious (but not too expensive) war on poverty, as long as he was "solid" on core economic issues.
Clinton's abandonment of AFDC for TANF was not dictated by the Hollywood-Wall Street-High Tech crowd who provide much of the Democratic Party's non-union funding, but was--in Moynihan's phrase--pure boob bait...
Brad Delong