Wall Street's Verdict on Upholding the ACA [View all]

[babylonsister]

http://www.boomantribune.com/story/2012/6/29/194819/761

Wall Street's Verdict on Upholding the ACA

by Steven D
Fri Jun 29th, 2012 at 07:48:19 PM EST

The most devastating, criminal, traitorous, scheme in the history of American government (at least in the minds of Right Wingers/Teabaggers such as Sarah "I'm a White Grizzly Bear Momma" Palin, Micheal "The Only Good Negro President is a {Fill in the Blank} One!" Savage and Rush "We Shouldn't Kill All the Liberals - Yet" Limbaugh) was upheld as constitutional by the US Supreme Court yesterday. So what effect did this devastating blow to our democracy have on the barometer of all things economic, i.e., the Stock Markets?

Stocks

Dow: 12,880.09 up 277.83 points for a +2.20% gain
Nasdaq: 2,935.05 up 85.56 points for a +3.00% gain
S&P 500: 1,362.16 up 33.12 points for a +2.49% gain

I guess investors just don't see the infallible logic of the right that the health care reform law, i.e., the PPACA, will inevitably lead to tyranny, the end of Capitalism and the destruction of the American Way of Life. Must be sad day for Republicans and conservatives when even the markets refuse to follow the proper script.