Ravengate
Partners - Stock market, economic and political commentary by Patricia Chadwick

Archive for July, 2009

Patricia on Market Task Force

Wednesday, July 29th, 2009


National Health Care Plan – Dead On Arrival

Friday, July 17th, 2009

Just two days ago, the New York Times heralded on its front page “Health Care Bill Passes First Test on Capital Hill”, a title that belied the fact that the health care bill as currently structured has almost no likelihood of becoming law. Moderate Democrat Senators have no stomach for it, because their constituencies have no stomach for it.

This morning’s Wall Street Journal’s front page headline signals the more likely path for the bill “Budget Blow for Health Plan”, a story that the New York Times has relegated to page 12 (page 3 of the National news section of the paper). When the Director of the Congressional Budget Office (CBO) contradicts the statements of Congressmen/women and Senators, trouble is brewing, and that is exactly what Douglas Elmendorf has done.

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2012 is Around the Corner, Governor Mitt Romney

Monday, July 6th, 2009

With Governor Sanford in political Siberia and Governor Palin perhaps following him, Governor Mitt Romney should be smiling. Lots of things are going his way.

With the benefit of hindsight, had Candidate McCain chosen the Governor of Massachusetts and not the governor of Alaska as his running mate, the outcome of the election might have been different, but who knew in July of 2008 that in only three months, so much economic havoc would be wreaked.

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