How Wall Street Views the Presidential Candidates
Senator John McCain won the GOP nomination, while Senator Hillary Clinton scooped up Texas, Ohio and Rhode Island, leaving the Democratic nomination far from decided.
CNBC asked several people what impact the three remaining candidates would have on the economy--and markets--if they land in the White House.
Protecting American Business
“I might be deaf, dumb and blind but I watched that debate between your two candidates [Sen. Hillary Clinton, D-NY and Sen. Barack Obama, D-Ill.] last week and both of them seemed to be very protectionist. Both of them seemed to running as far away from NAFTA as far can be. Both of them were running from anything free trade.”
Jack Burkman, J.M. Burkman & Associates
Expanding the Pot
“I believe that the Democratic Party has a better solution of expanding the pot and sharing the pot with all Americans. That’s the problem with the Republican Party. They don’t know how to share. They want to give to a small fragment of the society. Which you don’t understand is that when societies fall it’s when the have-nots rise up. We need to focus. The reason that China is growing is because they have a middle class that feels a stake in the system.”
Morris Reid, Westin Rinehart
Cutting Taxes for the Middle Class
“And if you looked at what Senator Obama proposed it was tax cuts— accelerating the tax cuts he had proposed for the middle class, getting money out to states and municipalities, getting money out in supplemental unemployment insurance— exactly kind of the timely, targeted and temporary measures that all economists would say are useful in an a recessionary environment.”
Daniel Tarullo, Georgetown University Law Center professor
“Almost whichever candidate makes it in, whether it’s Barack Obama, Hillary Clinton or John McCain, all of them have given signals that they’re going to look more skeptically at business interests and that could spill into an anti-trust policy that becomes more aggressive.”
George Anders, The Wall Street Journal