Search
 

Get that sinking feeling?

What a whirlwind. So the Fed cut rates by another 50 basis points right after painful fourth quarter (barely any) growth data is announced. McCain races ahead for the Republicans and Edwards drops out of the Dems contest. Super Tuesday looms and the President and Congress struggle to enact legislation...

By Jonathan D. Miller | Updated on January 30, 2008

What a whirlwind. So the Fed cut rates by another 50 basis points right after painful fourth quarter (barely any) growth data is announced. McCain races ahead for the Republicans and Edwards drops out of the Dems contest. Super Tuesday looms and the President and Congress struggle to enact legislation that won’t inject any money into the economy until May at the earliest.

In polls voters become increasingly concerned about the economy ahead of Iraq and terrorism, but as noted before Republicans in the end will choose a tough guy candidate who will use fear tactics to get elected. With Rudy vanquished that leaves McCain, who readily admits the economy is not his strong suit. Fighting Islamofascists is and so that’s why McCain leads the Republican field. Romney hangs around for now adopting all the long-in-the-tooth Reaganomics formulas (tax cuts, tax cuts, tax cuts) which are unsustainable particularly when the government has been spilling red ink for the past seven years and pins hopes on overleveraged consumers to keep spending. And no matter how hard Mitt tries, he can’t muster the “don’t-mess-with-me-I’ll-blow-your-head-off” bluster that most Republicans crave. McCain may be over 70, but he’ll defend the homeland better than anyone else. Go surge go.   

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.