Eyes on Massachusetts

oldpigwang

Eyes on Massachusetts

By Jim Cramer
RealMoney Columnist
1/19/2010 6:30 AM EST
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Can we just call this session off until we see who wins in Massachusetts? Can we see what will happen in the Senate rather than what will happen with IBM (IBM - commentary - Trade Now) or Citigroup (C - commentary - Trade Now)?
We know that everything from the Cadbury (CBY - commentary - Trade Now) surrender to the Brink's (CFL - commentary - Trade Now) job means nothing if Scott Brown beats Martha Coakley, the woman who called Curt Schilling a Yankees' fan in some gaffe that should cause all of Beantown to switch to the GOP.

I can't stress how important this election is because we have a dual-issue president, health care and bank basher, and neither plays out all that well among the investor class.

Of course, the president is back with the Wall Street/Main Street thing, oblivious to the fact that the stock market rally has enabled Americans to feel a little better about themselves and spend a little more while they wait for an employment turnaround.

Who knows what could happen if they didn't just go after the banks and go after the health care industry? We could, conceivably, be doing things to fix infrastructure, putting people to work or even getting an energy bill that creates jobs through natural gas instead of just stifling industry through cap-and-trade.

I know one senator can't mean that much in the long term. But the notion that Washington will always be front and center because of the Democratic agenda could be turned down and Washington could become more of a sideshow which would allow us to focus, once again, on earnings and business and not anger, politics and non-job creation.

So, we wait.

And we trade around IBM and Citigroup and CSX (CSX - commentary - Trade Now). And we wait some more. Because Wednesday the make-up of Congress could be quite different and the health care agenda that has bogged us down for a baseball, football and now basketball season will no longer able to paralyze us, even if you think the thrust of the plan is right!

At the time of publication, Cramer had no positions in the stocks mentioned.