Economists Freak That a Democrat May Win in '08 (Video)

Economists fear that a Big-Government, anti-Business Democrat is going to win the White House.
The prospect that a democrat is going to be elected president is their number one concern.

This morning a group of economists joined FOX News Cost of Freedom program to discuss the prospect of a Democratic win in November:

The economists fear that the three “big government” Democrats in the race today will ruin the stock market with their high taxing anti-business economic plans.
This is not a good sign for the big government democrats.

A recent survey of economists found that the prospect of having a Democrat in the White is currently the number one concern for financial advisors.
Investment News reported:

Nothing worries financial advisers more than the prospect of a Democrat’s being elected president in November, according to a quarterly poll by Brinker Capital Inc. The fourth-quarter edition of the Brinker Barometer, which polled 236 advisers in December, found that 22% indicated that a “Democrat in the White House” worried them more than all other economic or geopolitical concerns.

Rounding out the list of concerns was “global unrest” (15%), “U.S. economic growth” (15%), “a terrorist attack” (13%) and “a recession” (13%).

When asked what their greatest tax concern would be under a Democratic administration, 81% of advisers cited a potential increase in the capital gains tax, an income tax increase and heavier taxes on dividends.

“[Departing from] the Bush administration’s approach to taxation will have a large impact on advisers and their clients,” said John E. Coyne, president of Berwyn, Pa.-based Brinker Capital, which manages $9.4 billion in assets. “When taxes begin to erode returns, equities remain less attractive.”

The results jibe with a poll that Brinker conducted last summer in which 60% of advisers said that Democratic presidential candidate Sen. Hillary Clinton, D-N.Y., would be the worst choice in terms of the economy and investing.

On the flip side of that poll, 36% of advisers said they thought that Republican presidential candidate Rudolph W. Giuliani would have the most positive effect on the U.S. economy and investing (InvestmentNews, Aug. 13).

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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