STFU, Conservatives
motherjones: Will Obamacare wreck the economy, as conservatives argue? Here’s what the Dow has done today, the day the Supreme Court ruled the Affordable Healthcare Act constitutional. Also, here’s what ACA will do for you. (via Bloomberg’s Jake Beckman) Update: Jake tweets us to say: “Thanks for crediting me, but stocks have been down all day. Rebound likely due to Europe, not SCOTUS… you clearly tried to imply that the Dow’s rebound since 3pm is because of health care. It isn’t.” Point well taken - far too much can be made of charts like these. What we meant to imply is that there wasn’t a plunge related to the ACA, as some critics have predicted. (We also suspect the announcement that JPMorgan’s bad investments may tally up to $9 billion will help keep bank stocks in a negative attitude for a while.) But Jake correctly calls us out for implying that SCOTUS boosted stocks. Mea culpa. Seeing people apologize and explain things is one of my favorite parts of Tumblr. Honest mistake, MoJo! ((tumblr hugs))

motherjones:

Will Obamacare wreck the economy, as conservatives argue?

Here’s what the Dow has done today, the day the Supreme Court ruled the Affordable Healthcare Act constitutional.

Also, here’s what ACA will do for you.

(via Bloomberg’s Jake Beckman)

Update: Jake tweets us to say: “Thanks for crediting me, but stocks have been down all day. Rebound likely due to Europe, not SCOTUS… you clearly tried to imply that the Dow’s rebound since 3pm is because of health care. It isn’t.”

Point well taken - far too much can be made of charts like these. What we meant to imply is that there wasn’t a plunge related to the ACA, as some critics have predicted. (We also suspect the announcement that JPMorgan’s bad investments may tally up to $9 billion will help keep bank stocks in a negative attitude for a while.) But Jake correctly calls us out for implying that SCOTUS boosted stocks. Mea culpa.

Seeing people apologize and explain things is one of my favorite parts of Tumblr. Honest mistake, MoJo!

((tumblr hugs))

Reblogged 10 months ago from motherjones
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