Remember Health Care Reform? Remember how a government supported plan for everyone was trashed as unweildy? Remember how it would be socialized medicine? Remember how the private sector and insurance companies are more efficient? Remember how it would bankrupt the nation?
Guess what?
The largest insurance company in the world is bankrupt and we bailed it out yesterday. We just got ourselves socialized insurance cause the private sector failed miserably, not just in providing insurance for everyone; not just in making a profit for investors; failed to even keep the doors open. So we - you and I - have now socialized a little medicine.
Of course we've also socialized the mortgage market and at least one investment bank (Bear Sterns) and will more than likely socialize another in a day or two (Morgan Stanley).
When the most capitalistic of enterprises has to be socialized what difference does it make?
Oh and remember all that talk about privatizing social security? Yeah, that would have been an EXCELLENT idea, huh?
Halloween 2017: The Ghost of Harry Houdini
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The magician and escape artist Harry Houdini died in Detroit 91 years ago,
on Halloween. Before his death, Houdini had added "spiritual debunker" to
his re...
7 years ago
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