Experts See McCain as Best Hope for Economy

“My personal opinion is I would argue that McCain is probably the better candidate for the economy and that is more or less because of his tax policies,” James Caron, head of global rates research at investment bank Morgan Stanley in New York, said at the Reuters Summit this week. “In this environment that we’re in right now, the last thing you want to have is higher taxes and taking money out of the consumers’ pockets,” he added. David Bianco, chief U.S. strategist at UBS Investment Research, told the summit that Wall Street would welcome McCain with open arms. “My view is that McCain is better for the market,” Bianco said. “The market will respond to McCain corporate tax cuts,” said participant Alan Ruskin, chief international strategist at RBS Greenwich Capital in Greenwich, Connecticut.—Reuters

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