While driving home from SXSW last night – traffic was a bitch all the way from Austin to Fort Worth dammit! – I was listening to talk radio because I was sick of music by that point. WBAP show host Bill Cunningham was describing Sunday March 21 as “a day that will live in infamy” after the healthcare bill was approved by the U.S. House of Representatives.
Cunningham and his listeners were convinced that the bill’s passage will hurt America’s bond rating, lead to hyper inflation, doom the economy, and bring down a nation.
And yet stocks are up on the news.
I’m so confused.