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Same Issues Will Affect Either Presidential Hopeful

NEW YORK CITY-In an election outlook, Standard & Poors concludes that issues such as terrorism and the economy will override any policies either presidential candidate hopes to instill. While oil prices will be an issues in the short term, entitlements will be a tremendous issue starting in 2010.

By Barbara Jarvie | Updated on October 24, 2004

NEW YORK CITY-According to a US Elections Outlook sponsored by Standard & Poors, next week’s presidential battle won’t have a huge impact on the investment marketplace. “Even though the candidates try to sound different, policies probably won’t differ much because they’ll still have to deal with problems such terrorism and the economy,” pointed out S&P’s chief economist David Wyss, author of “The US Election Does it Matter?” He added that the biggest issues currently are oil prices and why we’re seeing an economic slowdown.

He cautioned that long-run problems will begin in 2010 when the baby boomer generation starts to retire and wants to cash in on their entitlements, particularly Social Security. “One problem with entitlement programs is that people feel they’re entitled to them.”

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