New Leadership Means New Opportunities for Growth
We are just days away from a major shift in the leadership policies from the executive branch of the United States and the new priorities will help some sectors of the economy while possibly hurting others.
According to Torod Neptune, senior VP-global public affairs at Waggener Edstrom,
The new Congress has made it pretty clear they are going to introduce sweeping legislation in the areas of health care, financial reform and regulation of energy
-Interview in AdAge
I am predicting that the Obama administration will increase government incentives for producers of renewable energy such as solar panel manufacturers and utility companies. Government incentives have worked well in places like Germany which is the world leader of solar energy despite having a less that optimal climate.
There is also potential for health care companies if Obama proposes mandatory insurance coverage for children or increases medicaid eligibility.
Financial regulation may bring back confidence in the system, but even government agencies failed to recognize a billion dollar ponzi scheme that was right under their noses. Few people recognized the grave danger caused by reckless mortgage lending, so I’m not sure what type of regulation would have prevented the mess it caused. Increased financial regulation will likely help the auditing companies the most.
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