(Baltimore Sun) — Now that the political pundits have had their say on the impact of the election, it’s time to consider what it means for investors and pocketbooks. The midterm election results and Republican takeover of the U.S. House improve the chances that the wealthy will be included in any extension of the Bush-era tax cuts expiring at year’s end. Banks, big oil and high-end retailers likely will benefit, although green technology not so much. And we can say goodbye to stimulus spending to boost the economy and possibly to emergency jobless benefits for the long-term unemployed.
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