they were buying Bush for most of the debate. A contract that pays $1 if Bush wins re-election was trading at 56.5 cents when the debate began, and at about 59.9 at the end. Since the debate ended, it has settled down to about where it started–which was a pretty good place for Bush.
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About the Author
Ramesh Ponnuru is the editor of National Review, a columnist for the Washington Post, and a fellow at the American Enterprise Institute.
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