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Watcher Council Submissions March 29, 2010

 
I’m working hard to pay the rent
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Blood from a StoneThe Hooters

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I was appalled when the President demanded the resignation of GM CEO, Rick Wagoner. I didn’t know anything about his performance but as Larry Kudlow put it:

Remember, as bad as Wagoner’s performance has been over the years, it was the federal government — not shareholders or the board of directors — that threw him under the bus. (By the way, GM’s board is being thrown under that same bus.) And I’m not arguing in favor of Wagoner or his board; they’ve made a zillion mistakes. But I am wondering if we’ve officially entered a new era of government-controlled business.

The other day I received an e-mail from my Senator, Ben Cardin. In the e-mail was a list of all of the benefits we’ll receive as a result of ObamaCare. It was as if the administration and its Congressional allies had sprinkled pixie dust on us repealed the laws of economics and fixed our “broken” healthcare system. The breathtaking arrogance behind the legislation is aptly illustrated by Doug Ross.

In the real world though, I looked at the list and wondered: how will we pay for it all? A number of provisions clearly will raise insurance rates. And then there was the last one, which was something - Wolf Howling brought up in his submission last week – than insurance companies must pay out 85% of their premiums in claims. Does anyone who wrote and voted for this bill know anything about how the insurance industry works? Or is the point to force private insurers into insolvency leaving us with the insurer of last resort – the government – to provide our health insurance?

It sure looks like Kudlow had a point.

Council Submissions

Non Council Submissions 

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3 Responses to “Watcher Council Submissions March 29, 2010”

  1. on 29 Mar 2010 at 10:06 am Right Truth

    Links You Need To Know About…

    At Right Truth we are all about sharing information. So below are a few links may help you in your search for truth, justice, and the Constitutional American way of life under attack by the Obama administration: First, Stop Obama’s……

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  2. [...] I’m reading is this week’s group of Watcher’s Council submissions and why I recommend them is that they hit the ball out of the park, again and again and again.  I [...]

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  3. on 02 Apr 2010 at 6:55 pm Mere Rhetoric

    Watcher’s Council Results – Worn Out…

    Each week, in a contest for the week’s best post, each member of the Watchers Council nominates one of their own posts and a second from outside the Council for consideration by other council members. The results for this……

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