When Obama does bad, America does good

Now do they understand why Rush Limbaugh said he hoped for Obama to fail?

Lawrence Kudlow writes:

Hate to say it but Obama’s disastrous press conference last night is a big contributor to today’s roaring stock market. The Dow opened strong and is now up over 200 points, continuing a very bullish rally that is breaking new high ground for shares this year.

Politics is not everything, but I believe that the shrinking probability of a new government insurance plan that would lead to nationalized health care—along with the demise of cap-and-trade that would nationalize energy—is very bullish for stocks.

Posted by Lawrence Auster at July 23, 2009 05:05 PM | Send