Tuesday, March 24, 2020

Tentative Good News, Continued

As a probable result of the House/Pelosi reversal described below, the Daily Mail (U.K.) reports the Dow industrials climbed 2000 points, its best day since 1933. Dysfunctional government is definitely not what markets wish to see.

John Hinderaker of Power Line writes:
One can only imagine how bad the Democrats’ polling must have been to cause such a hasty retreat. The Democrats had no one behind them except their most extremist supporters, like the New York Times.
I imagine people were asking Democrats, "Holding up government aid to pass the Green New Deal is worth exactly how many American lives? Does that include my mother?"