This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PROMISES, PROMISES: When Obama's Promises Conflict

___

Education:

The promise: Raise the high school graduation rate from 78 percent to 90 percent by 2020 and make the country No. 1 in college graduates by that year. Cut federal money to colleges that don't control tuition costs.

Prospects: A rocky path at best. There's little momentum in Congress for the spending required, his pledge to make the U.S. first in college graduates is a long shot and tuitions are climbing without the promised federal penalty.

Obama has proposed $36 billion for Pell Grants in 2013. Yet those grants now cover less than one-third of the cost of a four-year public college. In 1980, they covered 69 percent of the costs.

___

Energy:

The promise: Cut oil imports by half by 2020.

Prospects: He could well deliver on this promise. New drilling technologies have unlocked enormous domestic reserves of crude oil and natural gas. Policies that mandate increasing use of renewable fuels and better vehicle fuel economy have helped slash demand. That has translated into a dramatic reduction in oil imports and increase in diesel and gasoline exports.

But oil and gasoline are global commodities. If Mideast turmoil disrupts oil production there, prices worldwide will rise, even if the U.S. gets little or no oil from that region. The U.S. economy won't ever be free from the effect of high oil prices. It just may be able to get much less oil from abroad.

___

Entitlements:

The promise: No cuts in Social Security cost-of-living increases. Protect Medicare from Republican proposals to turn it into a voucher-like program.

Prospects: Obama is ready to break his Social Security pledge from the 2008 campaign. He favors a new measure of inflation that would gradually trim benefit increases in Social Security, Medicare and other programs. The change, if adopted, eventually would cut Social Security benefits $560 a year for an average 75-year-old, $136 for a 65-year-old.

3 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs