A Nationalized Health Plan?
"I seldom become depressed, but when I consider that prosperity is created by "peace, easy taxes and a tolerable administration of justice" I really think that the U.S. and other Western governments are doing their very best to impoverish their countries."
--Dr. Marc Faber
We've seen the biggest stock crash in history...
"..the biggest property crash in history...
"..the biggest deficits in history (four times the previous record!)...
"..the biggest bailouts in history (we can't even count that high)...
"..the auto industry and the finance industry have been largely nationalized...
Now, the proposed health care plan is coming to prime time…
ABC News is lending itself to the Obama administration for the night of Wednesday, June 24, for a live broadcast of ABC World News Tonight from the Blue Room of the White House. This will be followed by an hour-long primetime special entitled "Prescription for America," which will advocate the Obama health care plan.
No doubt, this country needs something but it seems a bit odd to me that Linda Douglas is the Director of Communications for the White House. She’s a former ABC news columnist and where is my favorite consumer reporter, John Stossel?
If anyone should be reporting on this, it should be him. What troubles me most is that Congress is well known for its screw-ups and who knows how bad a nationalized system will be under their “leadership?” It also bothers me that Republicans (or the healthcare industry) can’t seem to come up with any viable plans!
Individual ability to choose and take risk is being minimized. It is increasingly evident that it is the government that is defining risk and/or the taking of risk.
“Unfortunately in the current partisan atmosphere in Washington the role of the individual and that of individual risk taking is being suppressed. When the President of the United States uses the ‘Bully Pulpit’ to criticize institutions for not ‘playing ball’ (Chrysler debt holders) and forces a CEO to resign (GM’s Wagoner), when a Treasury Secretary and Chairman of the President’s Economic Council team up to run an auto company (General Motors), and when no institution is too large to fail (the other side of individual risk taking) something is seriously amiss. Under the guise of saving the economy, there is a not so stealthy encroachment on the rights of the individual. No one is noticing.”
Milton Friedman: Well first of all tell me, is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course none of us are greedy. It’s only the other fella that’s greedy. The world runs on individuals pursuing their separate interests. The greatest achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty that you are talking about, the only cases in recorded history are where they have had capitalism and largely free trade. If you want to know where the masses are worst off, it’s exactly in the kind of societies that depart from that.
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"If we can prevent the government from wasting the labors of the people, under the pretense of taking care of them, they must become happy." --Thomas Jefferson
Yours for better living,
Bruce ‘the contrarian PoorMan’