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The Market Drop And The Candidates

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by Matt Cooper
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Jul 24 2007 12:00am EDT

The Market Drop and The Candidates

An interesting aspect of last night's Democratic debate is that no one talked about how to keep the economy moving or grow even faster. There was lots about health care and entitlements but no real talk of growth. A day like today, with the market down 220-plus points, and the feeling that the party may be over could focus the candidates' attention. For the most part, we know how the GOP feels about growth. All of the candidates, even the once fiscally tight John McCain, want to extend the Bush tax cuts and most want to go farther. Will the Democrats rethink their repeal of the Bush cuts? Will they have new ideas on how to accelerate growth and not just redistribute it? And, yes, that guy in the White House? Presidents shouldn't react to markets but if we're heading into a real slowdown will he have any ideas with his time left? Of course, the whole thing could shoot back up tomorrow.

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