informationliberation
The news you're not supposed to know...




Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Jan 03 2010, 10:09 PM Category: Politics/Corruption Source: Washington's Blog Print

Economist: Health Care Bill "Is Just Another Bailout Of The Financial System"


...And yet hoards of gullible saps think the government is just going to hand them something for nothing.

"If the government is big enough and strong enough to give you everything you want, it is big enough and strong enough to take away everything you have.”

(...in case you didn't know were in the 'take away everything you have part.')
It is obvious that many republicans oppose the proposed health care bill. But many liberals and progressives oppose it as well.

For example, economist L. Randall Wray writes:
Here’s the opportunity, Wall Street’s newest and bestest gamble: there is a huge untapped market of some 50 million people who are not paying insurance premiums—and the number grows every year because employers drop coverage and people can’t afford premiums. Solution? Health insurance “reform” that requires everyone to turn over their pay to Wall Street. Can’t afford the premiums? That is OK—Uncle Sam will kick in a few hundred billion to help out the insurers. Of course, do not expect more health care or better health outcomes because that has nothing to do with “reform” ... Wall Street’s insurers... see a missed opportunity. They’ll collect the extra premiums and deny the claims. This is just another bailout of the financial system, because the tens of trillions of dollars already committed are not nearly enough.
Wray points out that - with the repeal of Glass Steagall - the financial sector and the insurance businesses (the "f" and "i" in the "fire" sector) are somewhat merged.

Wray is no conservative. He is Ph.D. is Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute - which focuses on inequality in the distribution of earnings, income, and wealth.

Dr. Andrew Coates describes the bill as "a guarantee of insurance industry dominance and the continued privatization of health care in every arena.”

Dr. Coates is no conservative. He is a medical doctor, a member of the Public Employees Federation, AFL-CIO, secretary of the Capital District chapter of Physicians for a National Health Program, and teaches at Albany Medical College.

And - as I have previously pointed out - progressives such as law school professor Sheldon Laskin, anti-war activist David Swanson, and Miles Mogulescu are calling the bill authoritarian and unconstitutional because the government cannot legally force people to buy private health insurance.

Indeed, given Wray's point that this is just another bailout in disguise, the bill should more properly be called a "wealth reform" bill than health reform legislation.





Latest Politics/Corruption
- Placing Their Bets Early, DC Lobbyists Put Biggest Money on Clinton
- St. Louis Taxpayers Need Not Approve Of Sports Stadium Built With Their Money, Judge Decrees
- Court Forces Christian Bakery to Serve Gay Weddings
- Batesville, Indiana Mayor Arrested For Patronizing Male Prostitute, Prostitute Arrested For Failing To Disclose HIV Status
- Toxic Fallout Continues as Colorado Mine Spill Declared Three Times Larger Than Stated
- Flashback: Donald Trump Calls For 'Execution' of Edward Snowden
- Carly Fiorina Says You "Can't Have President Who Is Thin-Skinned," Whines About Trump Insulting Women
- Paul: Trump Is An Insider Pretending To Be An Outsider









No Comments Posted Add Comment


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

Cocaine Production Plummets After DEA Kicked Out of Bolivia - 08/28FDA Says Tobacco Manufacturers Can No Longer Call Additive-Free & Natural Cigarettes Additive-Free & Natural - 08/29This Cop Killed 6 People & Retired, Now He Trains Cops By Shocking Them When They Hesitate to Shoot - 08/29Austrian Economics Is Now Equivalent To Terrorism Thanks To Latest Islamic State "Gold Standard" Propaganda Clip - 08/31SWAT Team Raids Home, Kills Man Over $2 Worth of Pot -- Informant Exposes Police Cover-Up - 08/31TSA Agent Forced College Student into Bathroom for 'Security Search' and Sexually Assaulted Her - 08/29Guns, Drugs, and Booze: Why Both Political Parties Love Prohibition - 08/31Oakland Cop Spits On Man Filming Him, Claims It Is Not Assault (It Is) - 08/31

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up
(more)

 
Top