The current field of Democrats running--or thought to be running--for the White House in 2008 might be shaking Wall Street to its roots. The 'fear' is based on getting a president that's unfriendly to the Street's business friendly philosophy. Among the early frontrunners is a one time Wal-Mart board member (Hillary Clinton), an ex-trial lawyer (John Edwards) and a relatively unknown (Barack Obama). So which of these potential commanders-in-chief scares Wall Street and investors the most?
Brian Gardner is a Washington research analyst at Keefe, Bruyette and Woods. Morris Reid is managing director at Westin Rinehart. Both appeared on "Squawk Box."
Gardner says that of the big three mentioned above--Hillary Clinton would be more friendly to Wall Street. He says the "Two America's" (one rich, one poor) theme from John Edwards doesn't go over on the Street and is in fact "getting old" and doesn't play well with voters.
Reid agrees that Hillary would be best--but says having a Democrat in the White House doesn't mean bad news for business. He says Democrats might to a better job of promoting rebuilding America's infrastructure--and that's good for business. Reid says Democrats know how to move the markets--but he says they need to do a better job of getting that message out. Reid says instead of scarring business--Democrats should work with business.