I knew that passing effective common-sense healthcare reform was going to be difficult. I least of all expected the Democrats, even with total control of the government, to be able to pass the kind of legislation that the USA needs. Even my low expectations are unlikely to be met. The Democrats are buffoons, and the "Blue Dogs" are clearly conservatives in Democrat clothing. It would be wise to purge them from the party by throwing lots of money and talented candidates at the Blue-Dog seats during primary season.
So far the ridiculous Baccus, I mean Baucus bill, creates a government requirement that everyone who does not have health insurance will have to purchase it or be fined up to $3800. I am not sure what percentage of these people cannot afford insurance versus those who choose not to purchase it (people in their twenties, for instance), but it sounds excessively cruel, even for the United States. Even car insurance is not a requirement, unless you own a car. Those who cannot afford it do not buy cars. Those who cannot afford health insurance get fined money they cannot afford, and their standard of living sinks further still. This is at a time when 80% of the population has actually seen their income level drop in real dollars.
I did not expect the healthcare reform to go anywhere near where I think it needs to go, but I did think people would finally be open to Regulation again. It is clear that the nation is entering into a Depression BECAUSE of the financial industry, an industry that has been deregulated over the past 20 years, courtesy of conservatives (Republicans mostly, but the Blue Dogs sure helped out). Instead of that Presidents Bush and Obama decides to give the wealth of nations to banks and insurance companies, no strings attached. It is now being reported that Obama is planning to borrow money from the banks we saved, at interest I am sure, to bail out other failing banks. Here is a wacky idea, let the failing banks fail or be bought out. That is how capitalism works.
Capitalism is not about unending and constantly growing profits as far as the eye can see. Industries fail. Companies fail. If you truly believe in Capitalism (which I do NOT), then you have to let things play out. If you believe that the government has to intervene now and then to correct the market, you are not a Capitalist, you are a Socialist (not a Communist). If you believe in using the taxpayers dollars to correct the market, you should also believe in using taxpayer dollars to help absorb the corrections of the marketplace. At least, you should if you believe in a Just Society.
I have come up with a great solution to the failing banks problem. Let the banks that we have saved from destruction lend the money to the failing banks to save them. Keep the taxpayers out of it. We certainly aren't given part of the profits when these guys succeed, so why should we have to pay for their failures. Let the chips fall where they may, or the coming fall will be FAR FAR worse.