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Global market strategist Uri Man on which industries will benefit from Romney's presidency.
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-- with just over five weeks until the election and our next guest says the -- certain industries that will -- -- in a Romney presidency vs Obama reelection.
Global marketing strategist -- demand is in Miami he's gonna break it down for is right or I wanna go through this fast.
If Romney wins what's the number one industry group that winds.
The number one industry is energy in the sense that oil.
Natural gas and coal companies will do better remember Romney.
Is going to take a aggressive survey of everything that's available to the United States and he's going to expedite permits.
These -- the United States can become more independent so that's definitely the first I would also say defense spending.
Obama's -- on a list of go to health cash you you say that healthcare will do well in the event of -- Romney win.
Health -- goes well now explain not want to me.
Well specific companies in the healthcare field.
Especially those that are medical device companies that create.
The most high end products which are expensive but really raise the quality.
Of our health care system those types of companies will benefit -- remember during the affordable.
Care act.
When he were distracted we added 2.3 percent tax.
On those companies of that tax might be repealed or reformed.
So more ingenuity of type of companies that.
Out of action that was a finite currency wasn't it that was attacks on that's correct -- -- that 2.3 percent in Iraq goes away and that particular group Biotech does well you -- right.
Yeah under -- current system it's very difficult for cut to pass these types of costs down to the end consumer the high end medical equipment you've got it now turn this around let's suppose President Obama gets a second -- -- -- industry went up which is it.
Well the number one really I would say is low cost retailers.
Remember under -- Romney presidency were most likely to have some sort of tax reform which would include.
Perhaps a value added tax and the low cost -- -- retailers are extremely tax sensitive it's no wonder.
For example that Lawrence Jackson who's executive vice president of Wal-Mart is a huge Obama supporter.
Because he doesn't want any sort of tax on consumption.
Which is really the wrong thing for our country we -- -- -- -- -- some innocent you know Europe isn't that a bit of a stretch.
In.
You know of -- of an Obama minute Romney administration would have a value added taxes stretches when it when I come from well.
Work -- if you look at that that the way that we tax our our our country today.
You know we have a very progressive tax we're going to have to raise taxes whether or under Romney or under Obama.
And I'm no sure about that.
Myanmar take issue -- anti tax reform doesn't mean a tax increase you know.
Well I don't see how we're gonna pay for the deficit without raising.
-- -- Obama's Appleton.
I I actually am not -- I'm not an Obama supporter.
But I still can't believe a situation where we're gonna get out of this mess abouts in doing something.
We're not raising revenues so we're gonna have to I don't know -- got -- wrong when you're the other you raise revenues by lowering tax rates and getting would have some loopholes and deductions.
That's how you raise revenues.
Well if we remove loopholes and deductions for taxes at the same is raising taxes.
Right.
Say that again so we was in my idea saying here if you're if you're if you're reducing.
The loopholes on people taking deductions you're essentially raising taxes yes but -- -- -- -- -- -- You lower tax rates you create incentive to go out there will conduct more over time take a second job.
And a half full you boost the economy and -- you bring more money into the central government without raising tax rates or taxes themselves.
I gotta go to Europe I don't glad you're stuck around down economics 101 -- -- tax -- I was very useful for you to come back -- when we got more time trichet.
