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November 7, 2012 by Mark DeVine

Projected Obama win

The results ease uncertainty on federal regulation.  According to traders and investors, the best way for President Obama to celebrate his re-election would be to avoid a budget crisis that could potentially send the economy reeling. 

As Obama won, stock futures fell and bond futures rose.  The result ended uncertainty about regulation and monetary policy; some remained on edge about taxes and overall economic health. 

Many economists fear that letting all the tax increases and spending cuts take effect at once would hurt consumer and business spending, which would push theU.S.economy back into recession. 

Although it was expected that Obama would win, most traders and investors supported Romney.

Filed Under: Taxes

About Mark DeVine

I have been in the tax and accounting profession since 1989. Before founding my own firm, I worked with the international accounting firm of KPMG, the Fleet Private Clients Group, and Bank of New England. I am also a member of the American Institute of Certified Public Accountants and the RI Society of CPAs.To discover how we can help you with taxes, payroll, bookkeeping and more, give me a call at 401.254.0151, or click the link to schedule your free 30 minute consultation today.

Contact Us

DeVine & Associates, LLC
386 Market Street, Unit #3
Warren, RI 02885-1627
Tel: 401.254.0151
Fax: 401.289.2418

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Contact DeVine & Associates

Mark G. DeVine, CPA, CGMA
386 Market Street, Unit #3
Warren, RI 02885-1627
Tel: 401.254.0151
Fax: 401.254.0152

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