Election 2008: Will It Effect Your Personal Finances?

Guest post by Miranda Marquit at Yielding Wealth

One of the issues that is coming to the forefront of Election 2008 is the economy. And the first thing many people think about when they envision the economic future is how their own personal finances will be affected. Some people don’t think that who’s in office has a lot to do with their own personal finances, but the reality is that the economic policies put into place at the top can have an effect you personally.

So, as you decide between Hillary Clinton and Barack Obama, and then decide between whichever of those two survives and John McCain, consider whether or not you agree with their economic policies, and how they would affect your own bottom line.

Consider some of these questions that may hit close to home:

• If you had access to universal health care, would that affect how much money you had in your budget each month?
• Do you think increased incentives for alternative energy would help you save money in the long run, even if you had to put more money up front?
• What kind of mortgage/real estate market “fix” would actually help you keep your house?
• Would stricter limits on lending and greater credit card regulation help you get out of debt faster?
• How much more money would actually be in your pocket if current tax breaks were made permanent?

There are, of course, other questions to consider when you think about which candidate would be best for your personal finances. And, as the last few presidential terms have shown, it does matter who you put into office.