Clearly, it's a blow to the Gore camp.
It's a fact that these perceptions lag reality -- it's not terribly uncommon for the economy to be doing better and better when you get to election day, but people feel the economy's in a funk. The latest example of that was Bush's father.
To the institutional investor, there's a lot at stake this year if Bush doesn't win re-election, ... There are a lot of different issues that make them nervous, but the one that the Democratic candidates have been talking about a lot is the tax cuts.
This is going to steamroll.
The stock market might be a variable, but I think it's totally trumped by other factors right now.
Really, the President was going to have to push to get it done. Others would have gone along.
As the rate of gain in corporate profits slows, even though the economy is booming, productivity is slowing and wages are going up, so the market will feel worse -- but people will be feeling better.
This problem with the President makes it even dimmer yet, ... He's hurt by this. No question.
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