While Obama has made it clear that the financial recovery will be lengthy, he does have plans to improve our infrastructure, to tap into sustainable energy sources and to provide more affordable health care.
Given that many economists think a recovery will begin in mid-to-late 2009, and stocks are now inexpensive—price/earnings ratios of big value stocks are very low and growth stocks are the cheapest they have been in more than a decade—investors might want to dip back into the markets and make investments that will benefit from the Obama administration's proposals.
Another priority for Obama is cleantech technology. Obama has spoken often about the importance of alternative energy, and it's likely his federal stimulus program will include steps to improve energy efficiency.
In a recent speech, he talked about climate change, the need for energy independence and the importance of creating new jobs. Obama called for the U.S. to double the production of alternative energy in three years.
His message is getting through. Start-ups in solar power, biofuels and energy conservation among other areas are getting increased financing from venture capitalists at a time when other small companies are cutting back and being turned away by investors.
Given that many economists think a recovery will begin in mid-to-late 2009, and stocks are now inexpensive—price/earnings ratios of big value stocks are very low and growth stocks are the cheapest they have been in more than a decade—investors might want to dip back into the markets and make investments that will benefit from the Obama administration's proposals.
Another priority for Obama is cleantech technology. Obama has spoken often about the importance of alternative energy, and it's likely his federal stimulus program will include steps to improve energy efficiency.
In a recent speech, he talked about climate change, the need for energy independence and the importance of creating new jobs. Obama called for the U.S. to double the production of alternative energy in three years.
His message is getting through. Start-ups in solar power, biofuels and energy conservation among other areas are getting increased financing from venture capitalists at a time when other small companies are cutting back and being turned away by investors.
