Financial Ruin! (posted by DT)

Well the Wall Street Journal crowd, which includes most of the conservatives I know, has been predicting economic catastrophe if the Health Care Bill passes. OK, that's a little strong, but a common argument I've heard is that it will slow productivity in the US economy. So I would expect that the week when HCR finally passes, we would see that the Smart People who follow stocks for a living and whose livelihood depends on accuracy, selling off stocks since the economy is about to decline.

But lo and behold, the stock market is holding steady this week! The Dow Jones is higher at the end of today than it was on Monday morning!

Now I'm not saying that this proves HCR will help the economy. I know that tons of factors feed into stock market performance. I'm just saying that while conservative politicians and pundits and radio talk show hosts predict terrible things for the economy with the socialists in charge, the people whose livelihood depends on being right about the future seem to have at least a little confidence.