> Sam wrote:
> What poll? Who's poll is it. Sources please.

It was a non-scientific web poll of 2,010 people active in venture
capital and private equity.  The questions you see were the questions
posed and the percentages were how the responses broke out.  To be
clear this was not scientific in that the sample was just volunteer
people involved with VCs and PEGs.


> Smartmoney.com: If you voted for Bush, now you can be
> happy twice
> http://www.smartmoney.com/aheadofthecurve/index.cfm?story=20041105
> 

The stock market hates uncertainty and was bound to rise if Mr. Bush
was elected because he's a known quantity - Mr. Kerry isn't.  This has
absolutely no relevance as to the intelligence of Mr. Bush's policies;
it just says that Wall St. likes to know what the landscape will look
like tomorrow.  It's a no-brainer.

The problem with Mr. Bush is his spending policy and that will take
years to wring out.  Enron didn't collapse the day Ken Lay took over -
it took him years to destroy it with his foolish staff choices and
reckless investments.

Similarly the destructive economic policies Mr. Bush favors will take
years to become obvious to the average person.  By that time Mr. Bush
will be gone and we'll all be left holding the multi-trillion dollar
bill.  Mr. Bush is doing a dine-n-dash and you invited him to the
table!

Do you think the falling dollar, Russian banks cutting their reserve
allocations of dollars, the Asians cutting their US debt purchase in
Sept, and the talk of changing the world reserve currency is all a
sign of good fiscal policy?

In the meantime Wall St. is going to make a profit and then move to
Canada where there's a budget surplus, rainy day fund, funded
pensions, and funded health care.  Or France.

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