The Brian Sullivan Blog
  • September 9, 2009 07:54 AM EDT by Brian Sullivan

    Bets Say Public Option Unlikely

    Bettors say there will likely be no public option for health care.

    The Intrade electronic market allows people to 'bet' on a variety of outcomes, anything from elections to the weather to even how movies do at the box office.

    After a brief spike in the odds a few weeks ago, the current bid on Intrade pegs just a 1-in-4 chance a public option will get passed.

    Notice how health care insurance stocks have rallied as the odds have fallen.

    09-09-09  Health Care  Intrade Market

Tim

I do recall seeing Brian Sullivan many times saying - GM is done. Let's not throw good money after bad. And here today indeed Bloomberg article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aUSIL6EM5ons "Taxpayers Unlikely to Recover GM, Chrysler Investment" Well done there Mr. Sullivan. While race car driving may involve excessive risk by nature of the sport alone ? I could argue it is a skill that is ONLY for those who can manage and assess risk with expertise ! GM loan was high risk - and indeed, that car should never have been rebuilt- refueled into the race of free market capitalism. Any more I question just what it means when we have Federally backed safety nets for what SHOULD be - true risk- in capitalistic ventures. Risk is what keeps us reaching for mastery - for expertise. I could go on here about the Zero risk home mortgage loans shoveled out by Countrywide that went upstream all the way to Wall Street investment banks - but then ? backed waaaaay downstream by every working citizen's tax dollars revenued from hard labor. Think I like about you most Mr. Sullivan ? is you never bring politics into economics. You called GM DEAD ON, I suggest you go into politics ! er, maybe not ! You might find it's not all it's 'propped' up to be. Just wanted to pass this insight on, and offer validation you're insights - whether intuition or more brute force logic - are to date, my book ? WELL balanced, well equated.

September 9, 2009 at 12:17 pm

A. Wittkamp

Brian, A comment on soda tax. It's a great idea but a little silly right after Obama introduced our new obese surgeon general! How can Obama preach better health when he still smokes? Like your show and keep telling it like it is.

September 9, 2009 at 10:00 am

about this blog

  • Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block. Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.

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