Healthcare and Green Energy Firms Winners with Obama’s Win

Friday, 09 Nov 2012 08:06 AM

By Peter Moses

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President Barack Obama’s political coattails were not long enough to win the U.S. House of Representatives, but some industries were certain winners with the Democrat staying in the White House for the next four years.

Forbes referred to these industries as “crony capitalists” and at the top on their list is the auto industry, a sector bailed out by Obama. Many pundits say job revival in the Midwestern rust bowl states of Ohio, Michigan and Wisconsin was the engine that delivered Obama his victory Tuesday night.

The auto bailouts fueled growth the past two years, and rippled throughout the Midwest with increased output of steel, Forbes reported.

Editor's Note: Obama Donor Banned This Video But You Can Watch it Here

The haggard and largely unsuccessful “green” energy companies and other alternative energy companies also received new life with Obama’s win, according to Forbes, even though it is littered with rampant bankruptcies and billions of dollars in investments and tax credits from the federal government that produced no legitimate breakthroughs in technology that would benefit the energy grid and our dependence on fossil fuels.

Obama had promised to create 5 million jobs and has pledged $150 billion to the industry, but Republicans still control of the House, and that money might not make it to the pipeline, Forbes stated. Obama might further help the industry by mandating new restrictions on coal and fracking, thus giving another leg up to his green team.

Obamacare being fully implemented is another big winner, according to The Wall Street Journal, but there are still unanswered questions as to how it the complicated overhaul of insuring millions of uninsured Americans will be implemented. Some states have already bought into the program, others are undecided how involved they want to be in the process.

Hospital groups, insurance companies and big pharma will all benefit from implementation of the healthcare reform, which is scheduled to start in January 2014.

Agribusiness, with all its government subsidies, is an industry that also should be popping corks, The Journal wrote. Support for corn-based ethanol and free-trade agreements that have expanded agricultural exports are two examples. Last year, Congress agreed to a deal allowing the pork industry greater access to South Korea, resulting in large profits for that sector.

Warren Buffett and his surfeit of companies under the Berkshire Hathaway umbrella are expected to be big winners because of the Oracle of Omaha’s steadfast devotion to Obama, according to the website 247wallst.com.

Editor's Note: Obama Donor Banned This Video But You Can Watch it Here

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