Does the stock market like “socialism?” Ha, well, it sure looks that way. Possibly because the health care reform legislation passed by the House last night is about as far from “socialism” as you can get. In fact, what “Obamacare” really does is expand the market for private insurance, which is probably why “Health stocks lifted the market Monday following House approval of an overhaul bill that would extend insurance to millions.” That’s also why there’s been opposition to this from people, mainly on the “left,” who believe in “single payer” or the “public option.” Go figure.
By the way, Republicans like Eric Can’tor and John “Boner” are 180-degrees wrong on this, not that they care. Still, it’s rather amusing to hear them wailing about “socialism,” “government takeover,” and “the death of private insurance” at the same time as private health care stocks shoot upwards.