Last night was the third and last debate of the presidential election cycle. This has led me to consider a lot about what this means for my financial future. I think it is an opportunity.
It appears to me that Obama is going to win. Before you give me a high five or start calling me a socialist, that is not intended as an endorsement. Just an observation. If we assume that Obama is going to win, how can we take advantage of this? Green Energy.
Obama has said that he wants to get the US off dependence of foreign oil in ten years. That is a bold and aggressive task. That means he will use the government to fund research, give tax breaks, and other measures to accomplish this. Or at least try. This puts green energy in a good position. So this is an area I am going to spend a lot of time learning more about and finding some possible good investments within the next year or two as I expect to be able to start investing some within about two years. Plus, with the economy the way it is, it will likely be a couple of years to get things turned around. We technically haven’t hit a recession yet.
I know that McCain could possible still win. If he does, I think it would require a slightly different approach. He will be pushing for more nuclear plants. I am just looking at the polls and making the best guess I can. And since I think the key for financial security is planning ahead, I am going to try and get ahead of the curve.
-Kevin
3 Comments
Don’t apologize for your obseravtion. This election is about governing styles. Like in the 1930’s, we are in need of an activist President willing to govern, not fighting government or questions Governments value. These times require a strong Federal presence.
Joe the Plumber, Hockey Moms, Bill Ayers……Sen McCain is making like Ali, he’s trying to pull a “rope a dope” on the American Electorate.
F
I don’t see this economic situation as the same as the 30’s. There are arguments that some of the governments actions made things worse, however.
In all hoensty, I don’t see this as a one party problem. I think both carry some blame. Dem’s have been in charge of congress for the past two years and haven’t tried to really do anything until after the fact.
Also, i do not like Obama’s plan to raise taxes on 250k plus. Thos are the key small businesses that drive jobs and innovation.
As far as which would be better, I don’t think either one holds much of an advantage to me. But I am tired of the two party system. Both sides continue to make promises and don’t really deliver.
There is a school that says that nuclear is green. Just depends on how you look at it.
I’m fine with Obama’s $250k plus – remember that it’s not on the gross, it’s on the taxable amount. Just like you take deductions on your personal income, businesses take deductions to lower their taxable income. That might include employees, or it might involve investment in the company. Investing in your own small business as a way to avoid taxes and grow it at the same time (possibly creating new jobs) does not sound bad to me – certainly better than siphoning off the profits so you can go buy a new Hummer.
But what I MEANT to say was … here’s an article re: alternative energy that just came out yesterday: http://www.nytimes.com/2008/10/21/business/21energy.html