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The historic election that resulted in a Barack Obama presidency will have a profound impact on the direction of the country. The following comments do not represent the views of any person at Reid & Associates. They are presented to our clients as a means to help them better understand what both political and economic  professionals believe might happen after Barrack Obama takes office on January 20th, 2009.

1)Obama will attempt to be measured in his approach and initially pursue policies that will primarily emphasize a very centrist agenda.

2)Obama will move quickly to establish an economic team and followed shortly thereafter by a majority of his cabinet selections.

3)Obama will quickly establish his "brand" and the first 100 days of his Administration will result in middle-class tax cuts, partial regulatory reform and changes in energy policy.

4)Democratic control of Congress will help Obama effectively move large parts of his agenda, but not without a fair amount of pain and conflict with his own party.

5)Congress will actively compete to push several of its own priority items, but the broad based support Obama received during the election will blunt some of the Congressional pressure he will face and allow him to initially drive the agenda.

6)On the Healthcare side, both parties appear ready to bring significant reform, though we believe any changes are likely to be incremental rather than transformational.

7)For the Financials, Obama's victory likely means more regulation and oversight, affecting the mortgage and credit card sectors. It is generally expected that the next president, whether is was a Republican or Democrat elected, would take a tougher stance at the DOJ level, with potential ripple effects for consolidation. 

8)Any changes to the FCC under a Democratic president could have implications for Telecoms, a potential plus for CLECs and negative for RBOCs.

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