Archive for March, 2010
Obama Signs Healthcare Bill
Closing more than a year or serious debate, President Obama quickly moved to sign the healthcare reform bill passed by the House late Sunday night. CNBC flashed several healthcare stocks and sectors next to the president’s head as he gave the ceremonial speech, reflecting several results that we predicted. The first important thing to note [...]
Posted: March 23rd, 2010 under Healthcare, Obama.
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Kucinich On Board
One of the most principled and dedicated liberals in the House, Congressman Kucinich, announced today after much pressure that he would vote for the Senate healthcare plan. This greatly improves the odds of healthcare reform being passed by the House. Since Kucinich carries so much clout among congressional liberals, it is quite likely that this [...]
Posted: March 17th, 2010 under Healthcare, Obama.
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Dodd Introduces Financial Reform Bill
Senator Chris Dodd (D-Conn) recently introduced financial reform bill on the Senate Banking Committee garnered very little support. There appears to be broad criticism on both sides of the aisle. Every Republican on the committee expressed disapproval, and President Obama said it was “a strong foundation” but vowed to work with Dodd to strengthen the [...]
Posted: March 15th, 2010 under Finance Reform, Tax Policy.
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House Dems Unswayed on Healthcare
Even under pressure from the Obama Administration and Nancy Pelosi, there are at least 25 House members who will almost certainly vote no on the Senate bill. However, this article from The Hill makes an important distinction: The Hill has not yet put Democrats who are insisting on Rep. Bart Stupak’s (D-Mich.) language on abortion [...]
Posted: March 11th, 2010 under Drugs, Healthcare, Obama.
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Healthcare Headcount
It’s no secret that here at Election Stocks we have been monitoring the progress of healthcare reform since its very beginnings. Our official prediction is that it will pass (making this a good idea to buy insurance companies), but we acknowledge the great uncertainty surrounding the politics of this issue. That’s why we would like [...]
Posted: March 8th, 2010 under Healthcare, Obama.
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The Volcker Rule
Given the recent public outrage over the enormous bonuses for Wall Street Bankers, it is likely that a financial reform bill will passed in the Senate. Check out this CNBC video regarding the implementation of the Volcker rule. The big stocks at risk here are Goldman Sachs (GS), Bank of America Corporation (BAC), and Morgan [...]
Posted: March 5th, 2010 under Finance Reform, Obama, Tax Policy.
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President Obama Endorses Reconciliation
President Obama made an official statement today urging Democrats in the House to pass the Senate bill and then smooth out the differences during budget reconciliation. This is a tactic that many Democrats, like Barney Frank, have strongly supported for quite some time. As it draws closer to November Speaker of the House Nancy Pelosi [...]
Posted: March 3rd, 2010 under Healthcare, Obama.
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Article in Bloomberg Discredits CBO
A recent article in Bloomberg was very critical of the Keynesian models used by the CBO to come to its conclusion that the Stimulus Package saved between 1.4 to 3 million jobs. According to the author, Kevin Hassert: Both of these old-school Keynesian models, by the CBO’s own admission, “tend to predict greater economic effects” [...]
Posted: March 2nd, 2010 under Economy, Obama.
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