On Oct 6, 2006, at 4:38 PM, Yoshie Furuhashi wrote:
> I have a feeling that business alarmists say these things without
> really believing them, just to make the proletariat think that
> elections, no matter how sorry elections, are the most important
> political activity, and at the same time to send a message to the
> electoral party which has a larger working-class base than the
> alternatives: don't you dare do any of these things.
The second part may be true, but the first can't possibly be - how many proletarians read Merrill Lynch research?
As I've pointed out many times before, by almost any measure (employment, wages, GDP, stock market), the economy has done better under Dem presidents than Rep ones since WW2. The only exception is that Reps are better for disinflation and the bond market.
Doug