The economies which seem to be recovering fastest (France) are those that used the least government intervention in the crisis. Our stock market started to go up when it became clear Obama wasn’t able to get his legislation through anymore.
Well, no. Obama signed the $787 billion stimulus bill into law on February 17. That, I think we can all agree, is not small change. Since then, it's become increasingly likely that a healthcare reform bill will pass. Whether it's the Baucus plan or not, it's going to be pretty huge and it's probably reflect the wishes of the Obama administration. This has been obvious for quite some time.
Anyhoo, what's happened to the Dow since February 17?
Maybe Roger should stick to what he's good at -- losing other people's money.
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