OK, couple of morning after the election thoughts …
Dow Soars
I’m on record with friends and on the blog that the Dow would head to 7,500 if ObamaCare passed … and I expected that it would.
Now that the odds have shifted — at least temporarily — the market should get a huge boost.
I’m not a big Jim Cramer fan, but I agree with him on this one:
Former Barack Obama supporter Jim Cramer on Friday said the stock market would have a huge rally if Scott Brown defeats Martha Coakley in Tuesday’s special senatorial election in Massachusetts.
http://newsbusters.org/blogs/noel-sheppard/2010/01/17/jim-cramer-brown-win-causes-huge-stock-rally-investors-nervous-about-#ixzz0d9GKbCfp
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Rats Jumping Ship
Last week I opined that some Dems might be secretly wishing for a Brown victory since it would take them off the hook re: ObamaCare. They could let it die without casting a no vote.
Well, Democratic Senator Jim Webb of VA stepped up last night, pointing out the obvious:
In many ways the campaign in Massachusetts became a referendum not only on health care reform but also on the openness and integrity of our government process. It is vital that we restore the respect of the American people in our system of government and in our leaders. To that end, I believe it would only be fair and prudent that we suspend further votes on health care legislation until Senator-elect Brown is seated.
http://tpmdc.talkingpointsmemo.com/2010/01/health-care-comes-to-screeching-halt-sen-webb-no-hcr-votes-until-brown-seated.php
If Webb doesn’t get squashed by Reid and the White House today, watch for a flurry of “save my own hide” defections.
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Hillary Smiles
Soon after Obama’s inauguration, a plugged-in politico friend of mine told me that Hillary expected the Obama presidency to implode and was informally keeping part of her organization in place to be prepared to challenge Obama in 2012. At the time. I dismissed the possibility as wishful thinking.
Well, now an implosion doesn’t appear to be such a wild possibility.
And, no less the the National Enquirer says:
A furious Michelle Obama has declared war on Oprah Winfrey – saying she has proof the talk-show titan is plotting with Hillary Clinton to take the White House from her husband.
http://www.nationalenquirer.com/michelle_obama_war_with_oprah_hillary_clinton/celebrity/67983
Remember, the Enquirer was right on Tiger and John Edwards.
Hard to bet against them.
