Republican presidential candidate John McCain‘s tax policies have given him an edge as the better man for the economy, various Wall Street experts said at this week’s Reuters Investment Outlook Summit.

But, against a backdrop of job losses and deteriorating home values, Wall Street is backing McCain’s Democratic rival, Barack Obama with cold, hard cash.

McCain plans to extend the Bush administration’s tax cuts, eliminate the Alternative Minimum Tax, and slash corporate taxes. Obama, who has derided the Arizona senator’s plans, has pledged to raise taxes on the wealthy and introduce a broad range of refundable tax credits.

Of course he his policy is the best for the economy according to Wall Street, they are the ones making all the money.  However Main Street will not be so lucky.