Health Care Reform Or Merely Another Wealth Redistribution Program?
By Larry Doyle on November 9, 2009 | More Posts By Larry Doyle | Author's Website
Why is an ever increasing percentage of the American public getting angry?
In my opinion, more and more Americans are not only questioning but now realizing that they are largely disenfranchised. How so? Seemingly each and every program emanating from Washington is merely another form of income and wealth redistribution.
Make no mistake the redistribution is running in both directions, that is, to the large monied interests on Wall Street and those who are increasingly dependent on Washington’s welfare and largesse. While funds are flowing in both those directions, America’s great middle class feels more squeezed and screwed than at any point in my lifetime. We witness this reality again in Congress’ passage of its health-care reform legislation late on Saturday night.
While this health-care legislation will continue to be hotly debated, I view it as another government program imposing on the lives of those who have worked tirelessly to make this country great. Clearly people are passionate on both sides of this health-care debate but ultimately this so called reform is merely another form of rationing and redistribution. Is that what America truly wants? I think not. Washington’s Democratic establishment will pass this bill at their political peril. They know it.
Arrogance comes in many forms but ultimately I believe the height of arrogance is willful blindness. I see a lot of that in Washington these days.
Comments, questions, constructive criticisms always appreciated.
What You Should Know About Precious Metals ETFs And Taxes
Buffett Borrows For Rail Acquisition
Why Investors Should Look To Japan Again
Bond Sentiment: Treasury Yields May Drop
LA Shipping Reaches Highest Level Since Nov. 2008
Bay Street Stocks Slip Slightly Again - Canadian Commentary - 2 hrs ago
Stocks Close Mostly Lower Amid Disappointing Quarterly Results - U.S. Commentary - 2 hrs ago
Bay Street Stocks Linger Slightly Below Unchanged Level - Canadian Commentary - 3 hrs ago
Stocks Remain Stuck In The Red In Mid-Afternoon Trading - U.S Commentary - 4 hrs ago
European Markets Fall, Led By Banks, Oils - European Commentary - 5 hrs ago


