Monday, November 01, 2004

The More Things Change...Part 2

Regardless of who wins the Presidential election, you won't likely see a big change in your pocket change. A little, but not much. Economists argue that Presidents don't have a lot of power to alter the economy. Higher deficits -- from higher spending or tax cuts -- may raise long term intrest rates. But a rising trade deficit could send intrest rates soaring -- whether we see tax cuts or tax hikes. (ABC News)

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