Marc Lichtenfeld from the Smart Profits Report believes that energy
projects would receive nearly $40 billion worth of federal funds under
the Obama Stimulus Plan. A good chunk of this will go towards renewable
energy - a big part of Obama’s energy plan.One company that offers a
healthy 3.5% dividend and is the largest solar and wind energy provider
in the U.S. stands to see share prices climb the most.
“It’s all the same… Only the names will change”
– Bon Jovi
Ah, “politics as usual” - I knew it wouldn’t take too long before this age-old scenario reared its ugly head once again.
Having swept into office on a tsunami-like wave of goodwill,
President Obama saw it evaporate this week after the House of
Representatives passed the $819 billion spending bill along traditional
party lines.
Partisan politics as usual.
With a mandate from a highly expectant American public to back them,
it was hoped that Obama and his Democrat-controlled Congress would
enact some meaningful changes on Capitol Hill.
Alas, the bill appears filled with more pork than the dumplings at the House of Nanking.
The fact that House Republicans did not support the bill and that
their counterparts in the Senate will likely do the same is bad for
investors.
Wait a minute! You just said the bill is pork laden. How could opposing it be bad for investors? I’ll tell you why…
Washington Loves Whine With Its Cheese
Thanks to the large majority that the Democrats hold in Congress,
the bill or one very similar is going to pass. No issues there.
But by having a divided Congress, Washington is basically telling
the American people that, despite Obama’s warm, uplifting rhetoric,
nothing has actually changed. The two political parties are still
sniping away at each other with gusto, blaming each other for the
nation’s problems - past, present and future.
But in order for the economy and the markets to stabilize and get
healthy again, we need some darn consensus. You know, the idea that
everyone is actually on the same page and are working to fix things.
I know… what a terribly old-fashioned, optimistic notion.
But make no mistake… this is critical to the fragile public psyche.
Confidence Breeds Cash
The market - and to some degree, the economy - is the product of
emotion and sentiment.
