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All down well we're talking about -- elect Barack Obama and health care and the drug companies but.
-- a lot more to cover a lot of industries.
The entire economy that -- being impacted by his presidency.
We just got word that he will not be making any cabinet announcements this week that coming from a spokeswoman.
In the president elect's.
On his team will break down what this all means for the market joining us now is Jim -- today.
Washington bureau chief it's great -- -- saw the article yesterday.
But how so it -- -- would jump off the news here.
This surprising that he's gonna take another week for cabinet announcement at how often do we in particular need to find out of the treasury secretary's going to be him.
-- the market has been telling him that.
That it wants to know you know to.
To settle some of this and certainly.
Barack Obama is a very cautious man he's demonstrated this throughout his presidential campaign.
At some point I hope he overcomes this caution and Andy you know.
-- becomes boulder.
I didn't expect an announcement sometime later this week.
Now we're all -- and Natal.
GM before we get two you did a terrific article on breaking down the different sectors and the possible impact.
Of an Obama presidency on -- but I wanna get to the executive orders because that seems to be more Pratt city -- We're healing executive orders put in place by President Bush whether it's drilling in certain parts that you talk canyon lands -- Arctic national park.
Upping expanding stem cell restart.
It and how would you played this what is the impact.
Of these possible.
Okay well wolf first the ball.
You know we think people should think twice before they even get into the market before late 2000 -- -- What.
Some things fell off they hit the page and at the cutting room floor.
Right now if you're -- high tax bracket municipal bonds high quality municipal bonds where you are -- But when you look at these executive orders that that.
President Obama will reverse.
Are are when -- winners I mean it's it's all tilt it towards green energy so.
It you know if you feel compelled to invest green energy is a good place to -- Well look at the cold stocks have I heard someone who was an environmentalist on the radio saying the best place her call was in the ground.
But I -- looking at the stocks and you've got -- these -- guards of its value this year it would no excuse me in three months.
And then you've got.
Because Barack Obama was unclear during the campaign he'd be -- distinct impression I got was that he's only four clean coal.
And there is no clean coal technology.
Proven technology right now we don't even have a demonstration plant number one.
Number two if they do have clean coal technology.
Southern Illinois benefits because their cause high quality and you -- build the plants there but you know you can't build a clean coal plant in Wyoming.
Because it's too high in the technology doesn't work above a certain attitude altitude.
So coal that's a high risk place to be putting your money right now.
Jim where -- Ben the most clear about what he's gonna do with any particular sector is -- the financial industry.
And does that even matter because investment banks don't really even exist any more in the way that we -- in just a few months ago.
Yeah he's been clear that he that he's going to press on regulation.
And that will be an.
Increased cost for the financial institutions now.
They look -- to a lot of people right now but we would we would argue that.
This is not this is another place to avoid right now it's it's fraught with headline risk.
Barack Obama has also made it clear that he's going to bail out Detroit and in General Motors and Ford.
We knew we would avoid the car companies because look AIG has failed twice in essence and you know the bailout for General Motors may not work either.
What that's what I was about my last question Jim I'm looking at General Motors stock it's lost 22%.
Of its values and today.
It back to levels not -- what in sixty years and so what you better be careful what you wish for.
In terms of a bailout.
You know it's one thing that you can't be contrary and all the time I mean sometimes a contrarian play just will not work.
With General Motors again.
It's it's like we easy example Fannie Mae preferred to have one point they were really inexpensive and people jumped in and that they got wiped out I mean.
General Motors is on tender hooks right now.
Only if you're -- high risk investor do you want us -- -- money and it into a company like that.
That's high risk and even under five dollars it's been pirate jumped thank you -- -- Jim -- with baron Max.
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