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The market has ended higher for 8 straight sessions.... and the market is factoring in that HCR will pass (80% of market analysts say it will pass).
Double-sided coin. This contradicts the claims of the RW radicals that are going nuts on the airways and blogs about Obama and this "marxist" legislation.
But it also adds fuel to the fire to those on the left who say this bill helps big business.
Personally, I don't think that something that is good for Wall Street is necessarily bad for Main Street. Some things can be good (or bad) for both.
My personal feeling is that this HCR legislation is one of those things that is good for both. Wall Street likes certainty, business likes the idea of HCR costs coming down, and 30 million uninsured will get covered by the time this whole thing is implemented.
...and...
the non-partisan CBO has scored the legislation as being a deficit reducer.... thus taking the teeth out of the teabaggers' biggest argument.
Within 2 weeks, the Democratic party and the President will be looking MUCH MUCH better.... and then... on April 3rd when the March job numbers come in and show the first increase in jobs since late 2007... there will be great political momentum for this White House.
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