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Betting on Health Care (Ouch!)
The Atlantic ^

Posted on 03/15/2010 6:13:32 PM PDT by AlanD

The Washington Independent's David Weigel points out that the online futures betting site Intrade has seen the price shoot up for bets on "Obamacare to become law before June 30."

The current trading price is at $7.38, which means the Intrade betting market's mathematical consensus is a 73.8% likelihood that said "'Obamacare' health reform" will pass before June 30.

That price shot up March 3, the day President Obama made his post-health-care-summit speech in the East Room, laying out his own proposal, with some GOP ideas folded in after the summit, to a TV audience--so it looks like the president's personal involvement, and all the talk of health reform as an inevitability, has succeeded in creating the impression that it is.

(Excerpt) Read more at theatlantic.com ...


TOPICS: News/Current Events
KEYWORDS: healthcontrol
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Intrade is spiking up. That means conventional wisdom says ObamaCare is almost a done deal. I still am holding out hope. Called up my Congressman . . he is still "undecided".
1 posted on 03/15/2010 6:13:32 PM PDT by AlanD
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To: AlanD

The DU and Kos kids are like all doom and gloom. What gives?


2 posted on 03/15/2010 6:16:02 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: AlanD

http://www.intrade.com/jsp/intrade/common/c_cd.jsp?conDetailID=709242&z=1268702074880


3 posted on 03/15/2010 6:16:12 PM PDT by AlanD
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To: AlanD

I think this proposed Slaughter maneuver is still being weighed by people unfamiliar with it. Basically the House gets to pretend a measure passed even without the votes under certain parliamentary circumstances where there’s nobody there to object.


4 posted on 03/15/2010 6:17:50 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: AlanD
Why are you posting this CRAP???

Who CARES what this phony easily gamed Intrade
says .

Are you trying to DEFLATE PEOPLE FROM CALLING and FIGHTING????

5 posted on 03/15/2010 6:21:04 PM PDT by ncalburt (e)
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To: ncalburt

If it so easily gamed, you can bet that Obama-care won’t pass and make a fortune.


6 posted on 03/15/2010 6:24:14 PM PDT by AlanD
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To: AlanD

Sorry noob.......go sell yer doom and gloom someplace else.


7 posted on 03/15/2010 6:26:31 PM PDT by MamaLucci (Tea Party March on Washington 2.010: This Time It's War.)
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To: AlanD
Now we know where some of the TARP is going!
8 posted on 03/15/2010 6:27:54 PM PDT by Ken H
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To: AlanD
I have read numerous posters talk how the thing is gamed quite easily.

But why are your trying to Help Peddle the Obama talking points that its Over, Give UP, Don't Bother ....
That An Alinsky 101 tactic.

9 posted on 03/15/2010 6:28:46 PM PDT by ncalburt (e)
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To: ncalburt

Check the sign up date.


10 posted on 03/15/2010 6:32:51 PM PDT by Tench_Coxe
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To: ncalburt

In my original posting, I mentioned that I called my Congressman’s office today. Are you that easily discouraged? Shame on you.


11 posted on 03/15/2010 6:32:58 PM PDT by AlanD
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To: AlanD

I made 20 calls today and five donations .


12 posted on 03/15/2010 6:33:59 PM PDT by ncalburt (e)
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To: Tench_Coxe

Figures.


13 posted on 03/15/2010 6:34:29 PM PDT by ncalburt (e)
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To: AlanD

For those who don’t understand Intrade, it is just a snapshot of informed public opinion. It doesn’t predict the future.

The day before John McCain picked Sarah Palin as the VP choice, Intrade showed she had a 10 percent chance of being chosen as McCain’s pick.

REPEAT, INTRADE DOES NOT PREDICT THE FUTURE.


14 posted on 03/15/2010 6:35:37 PM PDT by AlanD
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To: ncalburt

Who were the donations to?


15 posted on 03/15/2010 6:37:04 PM PDT by AlanD
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To: AlanD

Soooo...March 3rd is what they are basing this on?????


16 posted on 03/15/2010 6:40:30 PM PDT by goodnesswins (Tagline, oh, tagline, whereart thou tagline....)
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To: AlanD
73.8% likelihood that said "'Obamacare' health reform" will pass before June 30.

So our chances of pulling this off are better than one in four. Considering that we have a Marxist as a president, an overwhelmingly socialist house, and overwhelmingly socialist senate, and a completely barking moon-bat communist media I would say that a one in four chance of stopping the progressives number one signature piece of legislation is fairly good odds.
17 posted on 03/15/2010 6:42:14 PM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: AlanD; darkwing104

Just love tweaking FReepers, huh noob?


18 posted on 03/15/2010 6:57:07 PM PDT by 50mm (Die Obamacare Die!!!!)
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To: AlanD
Mean absolutely nothing...This is a Saul Alinsky Tatic to gin up phoney support...

you magnificent bastard, *I read your book


19 posted on 03/15/2010 7:09:28 PM PDT by darkwing104 (Lets get dangerous)
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To: AlanD

“For those who don’t understand Intrade, it is just a snapshot of informed public opinion. It doesn’t predict the future.

The day before John McCain picked Sarah Palin as the VP choice, Intrade showed she had a 10 percent chance of being chosen as McCain’s pick.

REPEAT, INTRADE DOES NOT PREDICT THE FUTURE.”

Very good point. Also recall that Intrade had Doug Hoffman as 80% in NY 23 last November at the time the polls closed. Then the returns starting coming in, and it fell like a rock.

The people betting on Intrade don’t know anything more than you or I do. It is just conventional wisdom. It does NOT mean this bill can’t be defeated.

Look, these Dems have been heavily pushing the “inevitability” thing all week, but the truth is that right now they are still short by as many as 10 votes.

Even if they somehow get the votes, the margin is going to be razor thin, like one or two extra at the most.

This means that just one or two Dems coming to their senses can bring down this entire house of cards, so it’s VITAL that we not lose hope and KEEP UP THE PRESSURE!


20 posted on 03/15/2010 7:34:03 PM PDT by lquist1
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