On Nov 13, 2006, at 11:57 AM, Yoshie Furuhashi wrote:
On 11/13/06, Doug Henwood <[EMAIL PROTECTED]> wrote:
On Nov 13, 2006, at 11:15 AM, Bill Lear wrote:
> Why not formulate this in the way Thomas Ferguson has done in his
> marvelous research? Those who rule coalesce into investor blocs
> during election cycles.
We've been here before, but it's often the case that the donations
follow the polls, not vice versa.
Not unlike the stock market.
Exactly. Since neither party is hostile to capital's interests, they
can be flexible in their allegiances. Things might have been
different in the 1970s, when the Dems were filled with McGovernites
and the Reps became the agents of crackdown. But as the Dems were
purged of their troublesome element, it could become a matter of
portfolio allocation, like deciding between cyclicals and consumer
staples.
Doug
