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Essay / Research Paper Abstract
McNamee (2004) has it right when he says the economy has always grown under Democratic presidents and suffered under Republican presidents. This, of course, is the age old debate between business and workers supported by Republicans that Kerry has turned into what The Economist (2004) refers to as the new American class war. While McNamee can put the facts into historical perspective, the Bush camp and its financial sheep, herded by Merrill Lynch, will do anything to prove Kerry’s economic policy will harm the financial market. This claim simply is not supported by history. Bibliography lists 7 references. jvJKplan.rtf
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the age old debate between business and workers supported by Republicans that Kerry has turned into what The Economist (2004) refers to as the new American class war. While McNamee
can put the facts into historical perspective, the Bush camp and its financial sheep, herded by Merrill Lynch, will do anything to prove Kerrys economic policy will harm the financial
market. This claim simply is not supported by history. However, Kerrys plan also proves to be a little to Hawkish and less Clintonish than suspected, and thus, is not expected
to grow the financial market as readily. The advantage to Americans and American business, and the global economy for that matter, is
really up to having a Clintonesque model in the White House. That would bring the entire world up from its knees and running and is the hope behind any Democratic
vote. But Kerry, while better than Bush for the market, may not be the answer, even if the Democratic party has been successful in the past.
McNamee reports the significance of having the Democratic party in the White House as follows: "Since 1929, stocks have returned an average of 9.5% a year,
after inflation, with a Democrat in the White House, vs. just 2.3% under Republicans, according to market data provider Ibbotson Associates Inc. in Chicago." (McNamee, 2004, 126). But as McNamee
and The Economist report, Kerry is focused too closely on only a few areas, such as reducing the deficit and raising the income of the middle class, rather than the
broader campaign initiated by Clinton that resulted in record success. The Economist agrees with McNamees assessment of the party, but not of
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