Tuesday, March 23, 2010

Economic catastrophe

Republicans have predicted economic catastrophe as a result of the passage of the the Health Reform legislation.  It is reminiscent of the predictions of disaster after the Clinton budget of 1993.   That budget led to the best economy in a generation and, for the first time in decades, a federal budget surplus.

Their predictive powers are apparently undiminished as the stock market cast its judgment on health reform with a triple digit rally today.

If I were a Republican today, I would feel a cold chill.  Some, like David Frum, can see the future and it's not pretty for them.

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