NEWSLETTER
Excerpt from our weekly newsletter.
Unease on Main Street
Analysts are trying to decipher how all the rhetoric
could translate into action in a new Administration. "We're
going to get some sort of financial regulatory bill in 2009," says
Dan Clifton, a Washington-based analyst with Strategas
Research Partners, a New York investment research firm. "The
question is, what will it look like? Obama says he'll reject
Bush's deregulation philosophy. McCain says he'll reform Washington
and Wall Street. We're waiting for their specific plans." Clifton
says analysts are trying to discern whether, if elected, McCain
would adopt a "pragmatic" agenda that would "balance
regulation with growth," or whether he would extend Bush's
legacy. "That's the big wild card about John McCain." Obama,
Clifton says, is more predictable: "He's clearly about regulation."
Original Article by: Moira Herbst
Businessweek.com