ObamaCare + Dodd-Frank = Double Dip

The financial reform bill has cleared a cloture vote and will now become the law of the land. Forget about the costs this will impose, just the uncertainty (one of big knocks on the bill from those who've analyzed it, it that it it so vague and wide open, much of it TBD by regulators) alone is enough to chill the financial sector in the near term. Combine this with ObamaCare and you have the federal take over of two huge sectors of the economy. Taken together the effect will be similar to FDR's National Recovery Act of 1933 - a massive micromanagement of the economy by bureaucrats. So herewith I am upping my probability of a double dip recession to 70%. It'll be a mild double dip, but clearly a noticeable one.


How Scott Brown and those ridiculous women from Maine could vote for this thing is beyond me. Are they really that clueless as to a) what this will actually do to the economy, and b) that this is a policy victory for the Democrats??