Thursday, November 05, 2009

Obama's takeover is dropping like a rock

At Intrade people put their own money on the measurable outcome of events. This is a much stronger indicator than predictions by pundits, because every opinion is expressed by risking one's own money. Obama's health care takeover is running below 10% as of 6:30 AM Pacific time. Wow. Bid 6.0; Ask 9.8. Those are expressed as parts of 100, so they are effectively percentages. And it's for completion by the end of December, 2009. But we have to continue the fight, nevertheless. Nancy Pelosi is willing to lose her majority to complete this takeover of 1/6 of the economy. She views the long-term and having everyone dependent on the government is good for the big-government libs, even if - shock! - a Republican is on top. So Nancy will continue her reckless, hiding-the-truth course ignoring the danger until she hits the rocks. I usually view the top Intrade odds as a side benefit when I regularly read Donald Luskin's Conspiracy to Keep You Poor and Stupid - aka the Krugman Truth Squad.

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