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Archive for 'Obama'

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 in [...]

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 to [...]

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.

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 [...]

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” from [...]

White House HC Proposal

President Obama’s healthcare proposal, based heavily off of the already passed Senate bill, has a few very specific market implications. An article in Bloomberg claims:
To help pay for the overhaul, he’s proposing the first Medicare tax on unearned income such as capital gains, and higher fees on drugmakers such as New York-based Pfizer Inc. and [...]

Dems Entertaining Reconciliation

There is a very good article in Time regarding the recent GOP (gridlock, obstruction, paralysis) politics.
Rhetorically, they derided Washington as ineffective and conflict-ridden, and through their actions they guaranteed it. Their greatest weapon was the filibuster, which forced Democrats to muster 60 votes to get legislation through the Senate.

In light of this recent Republican strategy, [...]

Ironing Out the Healthcare Process

We haven’t heard an awful lot about healthcare in a while, especially since the election of Scott Brown in Massachusetts, but policymakers on The Hill are still fairly confident reform will pass. A recent Washington Post article on the bipartisan summit notes:
…when it comes down to it, the question of process is really going to [...]

Putting 2010 in Perspective

Sabato’s Crystal Ball had a very thorough piece surveying the political landscape for 2010. So thorough, in fact, that we will be using much of it as our framework for political analysis as we approach the midterm elections this fall.
Sabato’s points regarding the popularity of Congress as an institution compared to the popularity of a [...]

Obama’s “War on Business”

Regardless of the validity of Kudlow’s political-market connections here (and they are questionable), this is a comment sentiment among many traders in the market today. It is likely that the stocks he mentions in the below video will most likely react in the way that he predicts.