President's Day

I figured being as yesterday was President’s Day that it would be appropriate to tell a little back-story behind the day. President’s Day is actually the federal holiday in celebration of Washington’s Birthday. Its celebration began in 1880, but the holiday was originally only implemented for governmental offices in the District of Columbia. It wasn’t until 1885 that the holiday was expanded to include all federal offices. Also, the holiday was originally celebrated on February 22, Washington’s actual birthday, but in consequence to the Uniform Monday Holiday Act the holiday is now celebrated on the third Monday in February. The Uniform Monday Holiday Act, what is that? Some may ask. Well it is an act of Congress that was passed on June 28 1968 and took effect on January 1 1971, which established that the observance of certain federal holidays would always take place on a Monday. Nifty ain’t it? It seems us kids are not the only ones who enjoy a nice long weekend. And now to include the economic outlook on the holiday! Apparently, supporters of the Uniform Monday Holiday Act liked the idea of moving all of these holidays to a Monday because it would promote business, and seeing as President’s Day is known to many shoppers as a day of sales, those congressmen may have had an ace up their sleeve besides just the desire to have an extra day to hit the green. Question: What is the opportunity cost of moving all holidays to a Monday?
I’m curious though what the other 42 presidents would say about not having a holiday on their birthdays. (Cleveland was both the 22nd and the 24th president and I very much doubt that his birthday changed between his two times in office). (One could also argue though that it would be the other 41 presidents because Lincoln is often celebrated on President’s day as well).