As if you needed a graphical representation that the event of yesterday were in no way good for you, ThinkProgress stepped to the forefront to shove a chart in your face and make it clear.
The first part of the graph charts the stock performance of WellPoint, United Health the Connecticut based Aetna when news of Reid including a public option on around 11AM of the 26th. Note the downward trajectory.
The second part is where Joe Lieberman announces his opposition to voting on health reform with a public option at around 1:30 on the 27th, whereupon the health industry stocks shoot up.
God bless the stock market, it's always there to tell you in the starkest dollar and cent terms just how well founded your suspicions were that something bad happened. Not that we needed a reminder beyond the beginnings of the phrase "Joe Lieberman said..." to know we were getting screwed, but it's nice to be able to measure it in terms of a stock price.
Wednesday, October 28, 2009
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