Invest Intelligence When It Realy Matters
Obama: Wrong on the Economy, Wrong on Healthcare (Part 2)
Perhaps the most obvious sign of weakness, Obama’s healthcare proposal specifically ignores the number one problem with healthcare in America – cost. Providing greater access to medical insurance falls short of fixing the crisis in healthcare.
Obama’s proposal is fundamentally no different than Bush’s because in the end, taxpayers subsidize the excessive profits of the industry.
Similar to presidents before him, Obama’s remedy can be likened to trying to put out a large fire with a blanket. In the beginning, it will look like the fire has been contained. But soon after, the blanket will only make the problem worse. It’s the same manner by which Obama has dealt with the economy. Soon we will see the effects of these reckless policies. Most likely, the media will continue to praise Obama as they did Greenspan. Later they’ll have to eat their own words, as is often the case.