MIXED BUSINESS NEWS

First, I'm kind of surprised that some of the Masters of the Universe think John "I don't know much economics" McCain would be better for the economy than Obama. Because these people are well within the top 1%, I can understand that they would personally prefer McCain because he will continue the tax cuts for the rich but the economy as a whole???

McCain seen as best choice for economy
Fri Jun 13, 2008 4:54pm EDT
By Jennifer Ablan

NEW YORK (Reuters) - Republican presidential candidate John McCain's tax policies have given him an edge as the better man for the economy, various Wall Street experts said at this week's Reuters Investment Outlook Summit.

"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..."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.

Second, here's the good news:

The securities and investment industry has given more campaign contributions to Obama than any other candidate, totaling nearly $7.91 million and exceeding McCain's $4.15 million.

And Corporate America as a whole likes the Democrats.

For the first time in a generation, most major U.S. business sectors are donating more campaign money to Democrats than to Republicans, according to a political fund-raising watchdog group.

This has been going on since the 2006 elections.