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People may not be afraid of BO ... but business and Wall Street is. Higher taxes, more social programs always kill and economy and stock market.
I just read an article written by larry Kudlow in December 2006 when Obama first looked like he would have a chance. The title was Obama will be Wall Streets worst night mare. He pointed out his liberal record and his belief on taxes and social programs and pointed to times in history and how it impacted the stock market.
The market has gone through recessions many times but have not had this rapid of a decline especially before a presidential election. Normally things are flat to up before a presidential election and typically after a change in power if Wall Street views it favorablly rallies after an exlection. Go back and look yourself.
There is a direct correlation to Obamas rise in the polls and the decline in the stock market. The market rallied after the republican convention and McCain went up in the polls. As soon as Obama went back in the lead and as it became more clear, the sell off accellerated.
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