Obama presidency could hurt some defense stocks: analyst

[cal04]

Big-ticket items would get axed in favor of personnel growth

http://www.marketwatch.com/news/story/obama-presidency-could-hit-some/story.aspx?guid=%7BDF04844B%2DDF61%2D4F63%2D8063%2DD7288BF8171D%7D&dist=hplatest

Goldman Sachs said Tuesday they expect a Barack Obama presidency would cut into earnings for many military contractors by reducing funding for large weapon platforms in favor of increasing soldier recruitment.


"If victorious, we think an Obama administration's policies will result in modest increases in overall defense spending, significant growth in readiness spending and reduced investment spending," Goldman Sachs analyst Richard Safran wrote in a note.


(snip)
Goldman Sachs's Safran noted that Obama has received little campaign funding from military contractors, which chose instead to shower Sen. Hillary Clinton, D-N.Y., with the most cash. Among the original field of declared candidates, Sen. John McCain, R-Ariz., had been the third biggest beneficiary of the contractors' money, with Obama coming in seventh.

"In our view, political contributions afford access to politicians, and we have to wonder how supportive an Obama administration would be, given that defense companies favored Clinton in terms of political contributions," Safran said

[MADem]

1. Oh, I'll bet GENERAL DYNAMICS will do just fine....nt

[chascarrillo]

4. Missed the part about Clinton getting the most defense contractor donations, huh?

:rofl:

[MADem]

7. Do the research. It's the CROWN family you want. Pay attention to

all of their contributions, over the course of many years, mind you.... and their bundling.

And note who sits on the Messiah's campaign finance committeee.

That is all.

:rofl: INDEED.

It's not so funny if you actually know what is going on, but...whatever.

[chascarrillo]

9. Nice try. The Goddess of Peace led the entire Dem and GOP fields in military contractor donations.

:rofl:

[MADem]

10. Nuke power, the coal industry and General Dynamics. That's not a "try" it's a trifecta.

No wonder he votes to continue war funding, while pulling along his acolytes with "Gee, we'll get out in...um...a year and a half...IF the GENERALS say it's OK."

:rofl:

[ayeshahaqqiqa]

2. Oh, doncha just feel so sorry for them?

Like maybe we need to have a bake sale so that they can stay obscenely rich. Personally, I hope that they have ZERO profits during the next Administration.

[quantass]

3. You can count on the stocks dropping early on and then slowly climb after elected

because America loves them guns and bang-bangs

[frickaline]

5. afk crying ...

the tears, the tears, they buuuuurn!

[Ganja Ninja]

6. Bullshit!

Defense stocks should be very profitable under Obama or any other president to come. Bush has worn out and run into the ground so much of our military hardware that they can expect a booming business for the next 15 years repairing and replacing all the stuff used up in his attempted oil grab.

[Tesha]

8. Qulle tragic, non? (NT)