Wall Street’s major indexes soared after U.S. home prices saw their best annual rise in seven years, and consumer confidence got another boost. But even before today’s stock-market gains, President Obama is in rare company when it comes to Wall Street returns.
…. I don’t think a strong stock market is necessarily proof of a robust economy. On the contrary, I care far more about unemployment, median wages, and economic growth than Wall Street returns. But the right shouldn’t try to have it both ways – if a bear market in 2009 is, in the minds of conservatives, clear proof that Obama’s agenda is misguided and dangerous, then by the same reasoning, should we interpret soaring Wall Street indexes as proof of Obama’s genius?
Ed Kilgore: ….. we’re having to come to grips with the fact that about half the states appear unlikely to participate fully in the Medicaid expansion provided for in the Affordable Care Act …. that leaves quite a few (including most of the South) just flat out refusing to do anything for people with incomes under the federal poverty line. And that creates a very large “coverage gap … I’d suggest the “wingnut hole.”
ThinkProgress: How Obamacare Is Encouraging Employers To Cut Wasteful Spending And Promote Workers’ Health
In an effort to cut wasteful U.S. medical spending, certain employers will be scaling back expensive health plans available to their employees and encouraging workers to pursue more preventative and ongoing primary care. The move is being prompted by Obamacare provisions that encourage a more cost-sensitive and efficient approach to Americans’ health care than the status quo.
Bloomberg: The unofficial slogan for Massachusetts Democrats as they work toward a special U.S. Senate election next month is “Remember 2010.”
That was the year that political newcomer Scott Brown won the seat held for 46 years by the late Democratic Senator Edward Kennedy and became the first Republican to prevail in a Massachusetts Senate race since 1972.
…. To demonstrate the party isn’t resting on its 3-to-1 voter registration edge over Republicans, Democratic leaders are lining up behind nominee Representative Ed Markey, 66, including first lady Michelle Obama, who is set to host a fundraiser for him today in Boston. The president, who has a 67 percent approval rating in the state according to a recent poll by Suffolk University, endorsed him yesterday.
But Dotster found this: First Lady Michelle Obama won’t be joining the president back home. She is scheduled to be in New York for Democratic National Committee fundraisers, including a gala for the lesbian, bisexual and transgender communities that features Jason Collins, the first openly gay active NBA player.” (Chicago Tribune) – so, not sure which is right. Both??
Steve Benen: Rep. Michele Bachmann (R-Minn.), who’s made quite a name for herself over the course of four terms in Congress, made a surprise announcement overnight: she won’t seek re-election…..
…. In recent elections, the right-wing Minnesotan eked out narrow victories — she very nearly lost last November — and recent polling suggested Bachmann would struggle to keep her seat in 2014. Quitting will save her the trouble of losing.
…. Bachmann will be missed, but mostly by the nation’s comedy writers.