Bush victory seen as a blessing for many industries

Sunday, November 07, 2004

Bush victory seen as a blessing for many industries

Wall Street, drug makers and defense companies are among those most pleased.
By The Associated Press

NEW YORK -- President Bush's victory in Tuesday's election is shaping up as a potential bonanza for Wall Street, where firms are salivating about the possibility that he will follow through on his pledge to allow private investment of Social Security funds.

A second term for the Republican president also makes it likely drug makers can head off government-mandated price controls for now. The defense industry also looks like a winner, more regulatory victories may be in store for the Baby Bells, and look for a new push for oil drilling in the Alaska wilderness.

While the privatization of Social Security has taken a back seat in this current election, experts predict the president will work with congressional Republicans, who boosted their majority in both houses, on what would be the most dramatic changes in the government retirement program's 69-year history. In addition, the president has gone on record as supporting an increase in medical savings accounts for individuals.

Banks, investment firms, mutual fund companies and insurers, of course, would offer to help individuals manage these new private retirement investments, which could lead to billions of dollars in new funds under their control and higher profits if legislation clears Congress.

More..


Find this article at:
http://www.dailybreeze.com/business/articles/1166651.html

The Will of the People was not done!

appealing/acceptable.

Maybe all the oil wells in Iraq will go up in flames. What the hell have they got to lose?

body bag makers

morticians

casket makers

funeral homes

....

the usual suspects

and standing in soup lines.

who voted for Bushco. The blood of our troops and innocent Iraqis is on their hands.

Another reason why I can't tolerate Bush voters.

eom

from Nov.3rd
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=954733