Economy

Conservatives Fail To Herald Dow Surge Following The Unveiling Of Employee Free Choice Act

CREDIT:

Our guest blogger is Adam Jentleson, Communications and Outreach Director for the Hyde Park Project at the Center for American Progress Action Fund.

Breaking news tonight: Wall Street loves the Employee Free Choice Act.

Today, Wall Street rallied behind news that the Employee Free Choice Act legislation was re-introduced to Congress by Rep. George Miller and Sen. Tom Harkin.

Buoyed by the prospects of greater unionization pumping billions of dollars into the hands of consumers and providing broad economic benefits, the Street swung sharply upwards, with the Dow closing up more than 379 points.

At least, by the logic of the financial prognosticators on cable news, this would be a reasonable conclusion to draw.