Huckabee worries Wall Street more than Hillary

I thought it very interesting how the MSM treated the election results on Wall Street. I check my investments on a Fidelity homepage which uses Reuters for its news link. There was no headline mention of Huckabee, Obama or Edwards and the Iowa results on the Fidelity home page. There were top of the page headlines for Huckabee and Obama on the Reuters home page, but the headlines selected for Fidelity were completely devoid of those names.

Instead, Fidelity readers got a Hillary and McCain headline.  
McCain and Hillary were leading in New Hampshire,
based on poll taken before the Iowa caucuses.
The other headline- Clinton comes in third Still no Edwards, Obama, or Huckabee.

Going to Reuters home page they had this story about "Quirky Iowa"

http://www.reuters.com/...

Those economic issues barely merited a mention in Iowa, where the Republican winner worried right-leaning Wall Street more than the Democrat.

Financial markets typically feel more comfortable with Republicans in power because they are generally more friendly to business on such issues as taxes and regulation. Huckabee, a Baptist preacher and former Arkansas governor, doesn't fit that mold.

"The scary thing about it for me is that he seems like a right-wing populist," said Charles Biderman, chief executive of Trim Tabs Investment Research in Santa Rosa, California. "I'm not sure what his economic platform is and who his economic supporters (are). We know who's backing Hillary (Clinton) and who is backing (Rudy) Giuliani. Huckabee is an unknown."  

Obama scares them too!

The concern with Obama's victory was that polls show him as more electable than Clinton in November, raising investors' fears that Democrats would end up controlling both Congress and the White House.

"An Obama presidency would be the worst outcome because every Democratic legislation ... will sail right through, including big regulatory plans and the like," said Chip Hanlon, president of Delta Global Advisors Inc in Huntington Beach, California.

It really showed what an uphill battle Huckabee will have with the establishment, and to a degree how much harder it will be for Obama and Edwards as compared to Hillary. It really drove home, again, how the MSM can "edit" the news for its readers. Thank goodness for the DKos and the internets.

•  Good

  by Paleo on Fri Jan 04, 2008 at 09:19:32 AM PDT

•  I saw another article this morning

  That listed Obama with 38%, Hillary with 29%, and Edwards with 30%.  Wait that would make Edwards third lol.   This is going to be an interesting election season.

  by jkb246 on Fri Jan 04, 2008 at 09:20:03 AM PDT

•  The important quote above:

  I'm not sure what his economic platform is

  Clinton, Obama, and Romney, whatever else we can say about them, are pretty much known quantities.  No one really knows what the hell to expect out of Edwards and Huck.  IMHO, neither Huck nor Edwards have very realistic plans but do have very determinate rhetoric, so the concern is that they'd get in office and flail wildly.  

  by burrow owl on Fri Jan 04, 2008 at 09:25:20 AM PDT

•  Well, they can stop worrying

  Tweety et al are in full fluff mode where McCain is concerned.   I predict Huckabee will flame out in NH.  If he doesn't, he just might win SC and FL.  

  by goldberry on Fri Jan 04, 2008 at 09:26:14 AM PDT

•  Sherri, Where's your tip jar?

  Your diary deserves mojo.  Thanks for posting it.

  by Involuntary Exile on Fri Jan 04, 2008 at 09:26:44 AM PDT

  •  Sherri'sTip Jar

    Guess I got into the story too much to remember my tips. All are welcome! Thanks

    by Sherri in TX on Fri Jan 04, 2008 at 09:43:36 AM PDT

•  Obama is who they fear most

  The concern with Obama's victory was that polls show him as more electable than Clinton in November, raising investors' fears that Democrats would end up controlling both Congress and the White House.

  Isn't that what we want. A candidate that can bring in the Independents and moderates so that we gain the Senate, House and White House?

  This looks good for Obama.

  by Morgan Sandlin on Fri Jan 04, 2008 at 09:33:00 AM PDT

•  I can't imagine

  why Wall Street would be concerned.
      Just because the republican party is demonstrating insanity by repeating the same formula; but expecting a different outcome-is no reason for Wall Street to worry.
     After all, Huckabee is just another bible polishing, gun-toting {who would Jesus bomb?} political conservative who talks to God. What's to worry? What could possibly go wrong?

  by lyvwyr101 on Fri Jan 04, 2008 at 09:36:14 AM PDT

  •  Democrats are GREAT for Wall Street

    Historically, the market usually does much better under a Democratic administration. Stock operators know this as a sort of Law of the Market.

    Then, after a while, people start to forget and dream up some bogus reasons why republicks are more favorable to a good economy. And then we get disasters like Reagan and Bush - terrible for the markets. The investor class should be praying that a Dem will win the next round.

    by The Raven on Fri Jan 04, 2008 at 09:47:42 AM PDT

•  Been saying this the entire time

  Huckabee will kill off the Reagan coalition once and for all...he's too Rick Warren evangelical for the Wall Street guys.  Big money doesn't like it when people talk about Main Street and helping bring up the lower and middle classes, no matter the party they belong to.

  by marcvstraianvs on Fri Jan 04, 2008 at 09:37:36 AM PDT

•  This is great news!

  It pretty much confirms what I've thought ever since Limbaugh started attacking Huckabee: the corporate wing of the Republican Party fears that they are losing control to the evangelical wing.  The good news is that if Huckabee gets the nomination, he can count on the evangelical base, which is sizable, but not large enough to carry him into the White House.

  by stop7997 on Fri Jan 04, 2008 at 09:38:53 AM PDT

•  Please don't kid yourselves.

  Wall Street, Flush Limbowels, and the rest of the moneyed Rethug establishment are talking in code.  What they're saying is: Huckster, you will lose the shreds of social conscience you've displayed inconsistently throughout your past.

  And the Huckster is, when push comes to shove, a politician, ready to sell out on just about anything in order to accede to greater power.  I expect a major conversion to fiscal conservatism sometime between New Hampshire and the Convention.

  If he expects to be the Rethug candidate, he'll have to play by the corporate rules.  And he will.

  by corvo on Fri Jan 04, 2008 at 09:43:25 AM PDT

•  Who is trying to sell Huckabee to leftists!

    When I see so much of this "Huckabee is a Communist" nonsense, it seems pretty clear that somebody is trying to scrape up left-wing votes for him.

  Let me suggest some useful slogans:

  ALL POWER TO THE BOARDS OF DEACONS

  LONG LIVE THE GREAT THEOCRATARIAN CULTURAL REVOLUTION

  50% MORE CHRISTIANS UNDER THE SECOND FOUR-YEAR PLAN!

  BIG GOD IS WATCHING YOU

  by WIds on Fri Jan 04, 2008 at 09:44:44 AM PDT

  •  Huckabee got the endorsement of the CPUSA?! Heh

    http://www.cpusa.org/...

    by mosealison on Fri Jan 04, 2008 at 09:52:32 AM PDT

    •  Oh, great

        I clicked on that link -- and somewhere in Washington, even now the FBI is opening a file on me!

        (Just kidding -- I'm sure I've got an FBI file already.)

      by WIds on Fri Jan 04, 2008 at 09:58:42 AM PDT

      •  a third of the Communists in the CPUSA back in...

        fifties were rrputed to be FBI informants

        by mosealison on Fri Jan 04, 2008 at 10:17:24 AM PDT

•  Weekly Standard is scared of Huckabee

    Not, that that makes the Huck a left-liberal, ahem.
  http://www.weeklystandard.com/... search on Huckabee. 67 pieces? This one is recent,
  http://www.weeklystandard.com/...
  Vox Huckabee
  The Republican as class warrior.
  by Terry Eastland
  12/31/2007, Volume 013, Issue 16

  by mosealison on Fri Jan 04, 2008 at 09:50:14 AM PDT