What can Obama really get done this year?
The always insightful Dan Clifton of Strategas Research gives his three cents:
1) $700 to $800 BN Healthcare Reform passes later this year with a major focus on Medicaid expansion and some cuts to providers;
2) Cap and trade dies of a slow death in the Senate and later replaced with a more moderate energy bill including a renewable portfolio standard and some transmission improvements;
3) A watered down financial regulation bill. However, if additional financial problems develop later this year, financial regulation could become more aggressive rather than less aggressive.