The American Clean Energy and Security Act of 2009 (H.R. 2454) passed the House of Representatives last Friday – but only by seven votes. Obama focused today on making his case to the U.S. Senate, confident that they will “move this country forward.” He cited the case of California, where tougher energy legislation in the [...]

Many major news networks reporting on Obama’s June 23 press conference focused on what he said about Iranian elections, healthcare, and his own smoking habits. But they left out the biggest impact the administration will have on the stock market in the near future: the alternative energy bill (H.R. 2454) that will come to a [...]

On Monday, President Obama signed the Family Smoking and Tobacco Prevention Act into law, giving the FDA unprecedented power to regulate the tobacco industry. This was an issue we discussed way back in 2008. We pointed to a statement by Dan Clifton that indicated a Democratic administration would be more likely to support the regulation [...]

Obama’s healthcare plan apparently costs $1.6 trillion, not the 1 trillion he indicated on the fifteenth, prompting Senate Finance Committee Chairman Baucus to try and slim down that number by about $600 billion. Baucus claims that his healthcare reform can be paid for entirely with “tax increases, spending cuts and other offsets” – which is [...]

Obama sold the public pretty well in a speech to the AMA earlier today, but what we’re most interested in is how reform will be paid for. He broke down the trillion dollars healthcare reform cost over ten years into two main ways. First, we have the $635 billion set aside in the budget called [...]

Dan Clifton was on Fast Money last night talking about his favorite sectors if Obama manages to pass some major healthcare reform. He reiterated a lot of good ideas that we have already addressed on the site: generic drug companies are golden, the fate of healthcare insurance a little less certain, and big pharma is [...]

House Democrats finally got their hands on Obama’s healthcare draft yesterday. The Hill notes that the more moderate Democrats were not all that happy with the plans for the overhaul so far, which leads us to believe it could be a serious problem garnering sufficient Republican votes to pass the legislation. Oh, and the Dems [...]

There is a growing sentiment (mostly among those who never wanted the stimulus package passed in the first place) that it might be possible to ‘cancel’ spending the rest of the stimulus money. After all, we are seeing signs of economic recovery – right? Well, not so much. Many economists that considered the stimulus package [...]

The Dow Jones Indexes revealed an index of stocks and sectors that are expected to receive a substantial portion of the taxpayer money from the stimulus package. The index is split into six sectors: “Alternative Energy, Construction & Materials, Energy Grid, Environment, Technology, Telecom/Internet” – which is surprisingly close to the very same categories we [...]