An Industry-by-Industry Look at the Implications of the Election. From Wall Street to Detroit, there were plenty of sighs of relief. But the mood was tempered by worries. Special reports from across the economy. By By THE NEW YORK TIMES. [NYT > Business]
There are a couple of interesting articles in todays The New York Times. This one is not up to Times standards, but interesting. Much like I said yesterday, the happiest business people were on Wall Street according to this reporter. Thinking is that Bush will push for additional tax breaks for investment income that will boost interest in investing. There are trade offs in all things. Business leaders are happy, but that is not necessarily good news for consumers. I am both. So, as I often discuss with my financial advisor and soccer referee buddy, will my investments grow more than I lose as a consumer?
A second article (my blogger will only allow one automatice XML posting evidently) details some of the economic constraints that Bush will have to deal with. It's worth reading as food for thought as well.
For four years we've seen the Bush administration do little for manufacturing. Even with a pro-business slant, the businesses that seem to benefit are not manufacturing. After observing and reflecting on the politics/business dance for many years now, I'm more convinced than ever that government really only has limited impact on day-to-day business ups and downs. Every once in a while it does something to deeply affect an industry sector. But in all cases, there are always winners and losers. The winners are those who quit whining and start innovating. I hope that manufacturing leaders don't sit on their butts and wait for some windfall from Washington--even with a friend in the White House. It's our responsibility to make things better. That's the American way.
6:14:27 AM 
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