The NewStandard ceased publishing on April 27, 2007.

Big business eager over Bush win

by Madeleine Baran

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.

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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, Bush’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 ‘ownership society,’" Ken McCarthy, chief economist for vFinance Investments Inc. told the AP.

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The NewStandard ceased publishing on April 27, 2007.

Madeleine Baran is a contributing journalist.

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