Text 332, 36 rader
Skriven 2004-08-01 05:42:10 av Dawn Robicheaux (1:396/65.0)
    Kommentar till text 303 av John Hull (1:379/1.99)
Ärende: Hope is on the Way!
===========================
JH> As luck would have it, just 15 minutes ago, I was listening to a 
JH> commentator talking about this very report.

Nightly Business Report

07/26/04: Commentary: John Kerry Would Be Good For Business

 SUSIE GHARIB: Tonight's commentator says John Kerry would be good 
 for U.S. businesses. He's Alan Blinder, partner in the Promontory
 Financial Group and former vice chair of the Federal Reserve.

 ALAN BLINDER, FORMER VICE CHAIR, FEDERAL RESERVE: With the 
 opening of the Democratic convention today, the political season kicks into
 high gear.  As a Kerry partisan, I am frequently asked whether business 
 should fear a Kerry presidency.  My answer is simple: no.  This is deja vu 
 all over again.  Twelve years ago, many business people were worried 
 about Bill Clinton.  But his two terms gave us the best economy in a 
 generation.  More than 22 million new jobs were created. Profits soared
 and the stock market boomed as never before.  If you thought Clinton
 was bad for business, you probably should worry about John Kerry, for
 the two men think a lot alike on economic policy.  But then again, if
 you thought the Clinton years were bad for business, you probably
 shouldn't be running a business.  Looking back into history, the record 
 shows that the economy performs better when Democrats are in the 
 White House.  GDP growth is faster, profits are higher and the stock market 
 does better.   Here's a question for you: We've had only two recessions
 in the last 20 years.  Who was president during those two recessions?
 If you answered "George Bush," you were right twice.  But it's not just
 the Bush family. Of the nine recessions since 1950, eight came under
 Republican presidents.  These nine recessions covered a total of 92
 months and an amazing 84 of them came with Republicans in the White
 House.  It's enough to make you wonder why so many business people
 stick with the GOP.  I'm Alan Blinder.

--- Maximus 3.01
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