Speaking of Pelosi, have you ever heard her ENTIRE quote regarding passage of the Health Care Reform bill? If you watch FOX News, all you've ever heard is:
“But we have to pass the [health care] bill so that you can find out what’s in it....”
Here's what she said just before that sentence:
"You’ve heard about the controversies within the bill, the process about the bill, one or the other. But I don’t know if you have heard that it is legislation for the future, not just about health care for America, but about a healthier America, where preventive care is not something that you have to pay a deductible for or out of pocket. Prevention, prevention, prevention—it’s about diet, not diabetes. It’s going to be very, very exciting."
Raees wrote: Speaking of Pelosi, have you ever heard her ENTIRE quote regarding passage of the Health Care Reform bill? If you watch FOX News, all you've ever heard is:
“But we have to pass the [health care] bill so that you can find out what’s in it....”
Here's what she said just before that sentence:
"You’ve heard about the controversies within the bill, the process about the bill, one or the other. But I don’t know if you have heard that it is legislation for the future, not just about health care for America, but about a healthier America, where preventive care is not something that you have to pay a deductible for or out of pocket. Prevention, prevention, prevention—it’s about diet, not diabetes. It’s going to be very, very exciting."
So what? She still said “But we have to pass the [health care] bill so that you can find out what’s in it....” Why couldn't they properly explain what was in the bill before it passed? I actually read the whole thing before it was passed, so I had some idea what was in it, but still, the language was legalese and there were many places where the bill referred to other laws, other documents... so all in all it was still a rather confusing labyrinth of paper and text.
I know what the political spin was about the bill, but Nancy was right. They had to “... pass the [health care] bill so that" I could "... find out what’s in it...” And now I know... and I don't like it.
Update: The Dow ended the day down just 25 points, in what Carl Quintanilla of CNBC tweets is the biggest one-day comeback for the Dow in five weeks. Behold the wisdom of crowds!
What's more, there's another way of possibly interpreting the health-care decision, from a macroeconomic perspective, which is that maybe the Supreme Court ruling removes one very large uncertainty from the discussion.
At 10:48 a.m., Reuters wealth editor Lauren Young tweeted: "'Employers are relieved. They can move forward. It removes some of the uncertainty,' source at big consulting firm says."
Golly... Since the magic-word for every other sentence is "uncertainty"...Here's one "uncertainty" that no longer exists. The health care industry and big-pharma just got a whole bunch of new customers! I think I would be BUYING, not selling...
But, of course, the clowns at FauxNews will still be crying about the sky falling, the end of Wall Street as we know it...(God, I hope so!)...and doom and gloom. So, y'all keep drinking the :Koolaid:
The 3-month fund history isn't terribly impressive... But if you're one of those that watches those online videos designed to scaring you into buying more gold, (ala Glenn Beck-enstein), then it's doubtful that you will be dissuaded by facts.
