What does the reelection of President Bush mean to your practice? Figure it out. After all, there is some justification to the criticism that accountants tend to look back, rather than being more forward thinking.

Don't think of this exercise as taking out a crystal ball, but rather as a scientific analysis of what is likely to happen. If you need proof that such an analysis works just look to this year's election. In 2000, who could have predicted that the decision of whom would be president would be decided by the sunshine state?

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