Newman: Kamala Harris has flip-flopped. Good for her

Published On Sep 11, 2024, 12:41 PM

Kamala Harris has shifted her political stance on several key issues since her 2019 presidential campaign. Originally advocating for policies like a ban on fracking and Medicare for All, she is now aligning herself with more centrist views to appeal to moderate voters in swing states during the 2024 campaign. This shift reflects a response to the current political landscape and changing public opinions, especially in the context of the Inflation Reduction Act, which has increased green energy incentives without penalizing fossil fuels.

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Stock Forecasts

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Harris’s more centrist positions could resonate well with moderates during the election, potentially boosting Democratic support. This might positively impact companies involved in energy production, especially those that rely on fracking, signaling stability in fossil fuel markets alongside increased interest in green energy solutions.

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Health care stocks may benefit from the shift away from Medicare for All towards more realistic measures aimed at expanding Obamacare, which could mean continued investment in health care services and insurance companies rather than wholesale changes that might disrupt current markets.

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