Nov. 3, 2004 – Industries are looking forward to the possible perks of a second Bush term, expressing hope that Bush will allow private investment of Social Security funds and postpone government-mandated price controls for drugs, according to the Associated Press.
Barbara Ryan, a pharmaceuticals analyst and managing director at Deutsche Bank Securities told the AP that prescription drug pricing will continue to be determined solely by demand, a system that consumer advocates say hurts low and middle-income people.
The defense industry and businesses connected to oil drilling in the Alaskan wilderness also stand to benefit from huge contracts and a renewed push for Alaskan drilling. In addition, Bushâ€™s proposed increase in medical savings accounts for individuals could be a bonanza for banks and investment firms who manage the funds.
"The Bush administration is more oriented toward what they call the â€˜ownership society,â€™" Ken McCarthy, chief economist for vFinance Investments Inc. told the AP.