Losers in a Bush administration? Well, don’t look for environmental clean-up companies or those that are in the alternative fuels business to shine.
What about other issues like taxes, interest rates, and inflation? These babies are even tougher to predict because changes here entail actions by the Federal Reserve — over which Bush would have no real sway — or legislation which must go through Congress.
First, Greenspan’s term runs until 2004, so he isn’t going anywhere. On the other hand, George W. has proposed some rather sweeping tax cuts. If he’s able to get Congress to sign off on them, he runs the risk of over-stimulating the economy.
The Fed chief will be watching like a hawk to see that economy doesn’t overheat. If it does, expect the Fed to raise interest rates — a negative for those looking to get a loan or a mortgage. Another point: Bush may look to repeal the estate tax.
Anyway, go easy here. A lot of this is, shall we say, speculative!
Andrew E. Serwer is editor at large for Fortune magazine, where he originated and writes for the “Street Life” column. He’s also a regular commentator on National Public Radio’s nationally syndicated “Marketplace” program, has appeared on CNBC, CNNfn, Voice of America and PBS, and has published articles in TIME, Sports Illustrated and SLAM. For more, go to “Street Life” on Fortune.com.