Wednesday, November 5, 2008

President-Elect as Stimulus Package

From the party spirit in Chicago last night, I think the simple fact that Mr. Obama is elected as the 44th president of the U.S.A. can have a stimulative effect on the U.S. economy.
  • His supporters are happy and they don't mind spend a little bit more. As long as the electoral votes and the popular votes are consistent with each other, this effect will be there. Even if McCain wins this election, the effect will be smaller than Obama's victory since the amount that old white people spend won't increase as much as the broader base of supporters that Obama has.
  • Uncertainty resolved around the future directions of the U.S. policies. Due to both his personality and the race factor, I believe Obama's policy choice will not be as extreme as the second Bush presidency thus people, at least for now, can expect the future policies rolling out more in the direction that is acceptable to most people, not only in the U.S. but also around the world.
  • As the tax policy of Obama may give more confidence in the US treasury, which is an important for financing the US Economy.
I am very glad that democracy worked again.

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