Obama stocks, McCain stocks

By Paul R. La Monica, CNNMoney
2008-10-22 13:07:26

NEW YORK (CNNMoney.com) -- Who would be better for the stock market: a President Obama or President McCain?

Well, the usual knee-jerk reaction on Wall Street is that Republicans are better for stocks than Democrats because Republicans tend to favor lower taxes for businesses and less government intervention in big business.

But that may no longer be the case, as the unprecedented steps taken by the Bush administration during the past month to try to save the banking sector clearly demonstrate that a heavy dose of federal regulation can also be a reality with a member of the GOP in the Oval Office.

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	Obama stocks, McCain stocks By Paul R. La Monica, CNNMoney 2008-10-22 13:07:26 NEW YORK (CNNMoney.com) -- Who would be better for the stock market: a President Obama or President McCain? Well, the usual knee-jerk reaction on Wall Street is that Republicans are better for stocks than Democrats because Republicans tend to favor lower taxes for businesses and less government intervention in big business. But that may no longer be the case, as the unprecedented steps taken by the Bush administration during the past month to try to save the banking sector clearly demonstrate that a heavy dose of federal regulation can also be a reality with a member of the GOP in the Oval Office.