All Posts Tagged With: "george bush"

Election 2008: Why Poor Presidential Approval Ratings Make For Great Stock Markets

No question, President George Bush’s approval ratings have pulled an “Enron.”

A recent Associated Press-Ipsos poll conducted June 12-16 showed only 29% of the public gave Bush a favorable rating. It’s the least favorable approval rating for a U.S. president since Jimmy Carter’s approval rating dropped to just 22%.

While that lousy view of the job Bush is doing will help set up a more-contentious election in November, here’s a curious fact that investors will find quite rewarding: The key to better stock-market returns isn’t having a president we “love” – it’s having a president that we don’t quite hate.…

20Jun2008 | Money Morning | Comments Off | Continued

To the Members of Congress: The Only Three Moves That Will Stop the Oil Price Advance

An Open Letter to Congress:

First there was the trillion-dollar pork fest for energy.

Then there was the decision to go with corn-based ethanol.

Now, Congress has voted to stop adding oil to the national Strategic Petroleum Reserve (which was created in the 1970s to smooth out pricing disruptions and supply problems).

Talk about missing the point!

Sure you could argue that by putting less into the strategic reserves we could take some of the pressure off price… and by implication help bring it down from its record level at more than $130 a barrel.

I mean it sure sounds…

22May2008 | Money Morning | Comments Off | Continued

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