It’s clear the banks and health insurance companies are the clear winners of the federal lottery as we begin this new decade. If asked what stocks sectors to pick, I would have to go with financial services and healthcare. After all, they are the industries who worked hard to bring us to economic ruin and they should be rewarded.
If Cap & Trade passes, utilities will be the next beneficiaries of federal largesse, but this time the tax will be passed through as higher utility bills (think stealth), Utilities house many of the only remaining “private sector” union members, so their overpriced pension plans must be protected at any cost (to taxpayers). I can hardly wait to see the CEOs of all the Utilities marched into congressional hearings for their beatings on CSPAN.
Education is the other sector who, like healthcare, managed to double their prices, but Education is also funded by county property taxes and state income taxes (so troublesome). There must be a way the federal government can reward Education for delivering rock bottom results.
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