When will Moodys act?

This is the next question that should be on trader’s minds. With Obamacare passing the SCOTUS, both the budgetary and political implications are enormous. Who doesn’t think this will increase the deficit? At a time when even larger cities are now failing- Stockton California is now at risk of default status- who really thinks Moodys will not likewise act as the US budget deficit explodes? Another question- if you are a company thinking of hiring, do you wait until the next big number comes out before hiring? Of course I am referring to the Electoral College number that is due out on Tuesday Nov. 6th. Who gets to 270 first? This ruling means huge uncertainty to the basic cost structure of all employees- not just new hires. Thus, expect to see continued weakness in hiring and further lay offs. Finally, if the Republicans ever needed a shot in the arm as far as the election goes, this is it. Obamacare has never pushed over 50% in any poll so look to the economy and now this as the two main issues Romney will pound the Democrats with. Get ready for a long, hot summer folks.