After careful observation, here are my thoughts:
Thank you President Obama. Thank you for the bailout trend that was in fact started by former President Bush. Unlike the "majority of Americans", I was aware of that. Also unlike a "majority of Americans", I was not not fooled by the rock star rhetoric of a junior Senator from Illinois, funded by unions, endorsed by Oprah, and supported by a majority population of non-taxpayers (with the help of such organizations as ACORN - whose record I will let stand for itself). It is no wonder to me that the people who feel entitled to a handout would vote for a President who promises 4 years of handouts...funded by a spreading of the wealth mentality that punishes success and rewards mediocrity.
Thank you President Obama. Thank you for singing into law the largest transfer of power from the American people to the Federal Government in our nation's history. Not sure what I would do without you up there in Washington making sure legisation such as the Patient Protection and Affordable Care Act becomes law. I, unlike a "majority of Americans" do not believe for one second that this tax increase disguised as a healthcare bill will protect anyone or make healthcare more affordable. I take that back - for the "majority of Americans" who voted for you, most of whom pay no taxes, and many of whom have no job (not because unemployment is 10-15%*, but because they don't want or need a job in this current political climate of wealth spreading) will, in fact be better protected - protected from having to lift a finger to get free healthcare. And as for affordable care, the "majority of Americans" who will all of a sudden be insured (no matter their lifestyle or health habits) already have affordable care - it's called Medicaid. Just to be clear, Medicaid is the45 year old healthcare program for eligible individuals and families with low incomes. Thank you President Obama for making sure we now have legislation that makes that free care even more affordable. And even better, you were able to squeeze it in in just under 2000 pages.
*Did you really think I would not make any mention to rising unemployment brought on by the growth and free-market killing policies and actions of this administration?
I think this is a good time for a little mini editorial about the aforementioned PPACA:
Competition is the only way to make something a)more affordable, or b)better quality. An attempt to force affordability (aside from being completely against the economic system that our country was founded upon) will create a false economy that cannot be sustained. For a nice reference, see the housing industry...anyone want to rethink making houses "affordable" for even those who can't afford them? Also, any attempt to force quality on a marketplace will create non market-driven price increases that result in a loss of affordability (see above...) There are no shortcuts to making healthcare (or anything else) affordable and of better quality.
Thanks to this new piece of crap law, our health insurance isn't just going up at renewal, but now it will go up everytime they are mandated to add another ridiculous benefit or cover another uninsurable or free-loader group. So much for the Patient Protection and Affordable Care Act - just another form of welfare and vote-buying.
I can confidently say that if you believe that this legislation will do a single thing to "protect" anyone (and by "anyone", I mean an actual taxpayer), or make healthcare more affordable, you are as uninformed (or close-minded) as the author of the above editorial.
OK, back to the economic topic. Run all the numbers you want and highlight all the statistics you want, but I see it a little differently. Perhaps because I actually have investments and am involved in the minute details of running a small business. The quickest way to build a sizeable portfolio is to make frequent and sizeable contributions (seems pretty obvious doesn't it?). Sure, market growth will make those contributions grow over time, but most people still notice that the largest factor in how much they have in the bank (or market, or whatever investment vehicle you choose) is how much they put there, not how much it earns while it sits. Why do I make this obvious statement you ask? Because it's hard to make contributions to anything when you don't have any money or a job. From where I sit, having the means to fund an investment account is more important than the growth rate. After all, what concern is the market success to the "majority of Americans" who no longer have the means to live comfortably, not to mention create or fund an investment account.
So, I suppose a final thank you is in order...
Thank you President Obama for being the worst President this country has ever elected. I think after Tuesday it is clear that I not only speak for myself, but also for a "majority of Americans".
Friday, November 5, 2010
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