All Bets Are Off -- Obama "Exceeds" Expectations
This just in from a shy Ricochet member who wishes to remain anonymous:
An InTrade contract ended today on what the U.S. troop level would be in Iraq on June 30, 2010 if a Democrat was elected president.
The results were interesting. Right after the election, the price plummeted to about $28, which corresponds to 56,000 troops (price x 2000 = troop level). The anticipated troop levels rose pretty steadily throughout Obama's term, until they're higher than when the betting began back in early 2008.
On foreign policy, at least, Obama has been a lot less idealistic than people anticipated.
But he's also been a much bigger spender than expected.
The vertical axis value is calculated as the increase in U.S. Government debt between September 30, 2010 and September 30, 2011, divided by $10 billion. Our deficit spending for the fiscal year in question is almost twice what people anticipated immediately after the election.
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Comments :
May '10
Re: All Bets Are Off -- Obama "Exceeds" Expectations
Does the last person holding the contract have to take delivery of 110,000 American troops? Better order some extra pizzas.