Obama takes care of his friends with ObamaCare
Americans oppose ObamaCare, more so now than ever
Smart money man Warren Buffett, one of Obama’s biggest supporters, agrees with legislators and union leaders: scrap ObamaCare and start over.
ObamaCare will inevitably mean huge tax increases (up to 25% of gross income) and enormous increases in premiums as well. Some say that the lowest premiums available under ObamaCare will be $20,000 annually, even as private insurers are driven out of business. So much for focusing on helping the middle class, as if increasing debt, taxes, and expenses amounts to economic development.
Prominent senators have said that ObamaCare was designed to be a disaster, intentionally crafted to bankrupt private insurers and drive people to rely on government completely, all with one goal in mind: universal healthcare. In other words, total government takeover of healthcare, cradle to grave.
Interestingly, while Obama pushes forward despite majority sentiment to create his socialist utopia, many of the people who helped him write and pass ObamaCare are now positioned in the private sector to reap huge profits from its implementation. ObamaCare: where communism corrupts capitalism in the Capitol.
It smacks of insider trading and lobbying combined with corporate espionage and government malfeasance.
Keep in mind that Obama insiders will know the best places to invest:
According to most Wall Street experts, Obamacare will create unheard of fortunes for investors who tap into the right companies. That’s because the U.S. will spend billions, even trillions of dollars implementing, regulating, and enforcing Obamacare.
Ironically, the rich will get richer, the middle class will shrink, and the poor will get poorer. ObamaCare was sold as the device capable of driving opposite outcomes: the rich will hold their position, the middle class will expand, and the poor will be lifted up. In ObamaWorld, down is up, and failure is success.
Now we learn that former Obama officials and legislators, all people with inside knowledge of the complex law (because they wrote it), now ‘serve’ as lobbyists and consultants, working with private companies and commanding enormous fees to assist in its implementation. That’s quite a scam: make a fortune setting it up, and make a fortune putting it in place. But don’t be concerned about bankrupting the country. Just move your money offshore, or invest in foreign oil.
The Hill: “ObamaCare has become big business for an elite network of Washington lobbyists and consultants who helped shape the law from the inside. More than 30 former administration officials, lawmakers and congressional staffers who worked on the healthcare law have set up shop on K Street since 2010.”
Pelosi, Reid, Schumer, Durbin, Obama, and the rest promised clean, ethical, corruption-free government.
Their promises are as worthless as the promise of hope and change, and the promise that ObamaCare is just what the doctor ordered. Instead, it will flat-line the country.
Photo credit: terrellaftermath