Showing posts with label wall street. Show all posts
Showing posts with label wall street. Show all posts

Thursday, July 2, 2009

Health care rationing is a reality but Wall Street makes the decisions instead of doctors

When I read this article, I became quite angry because the subject says what we already know to be the case, viz.,. Insurance Companies get rid of costly customers for their bottom line.

Our current system violates every moral fiber of my being. The subject of the article finally awoke to the immorality of serving Wall Street over Main Street.

The best point made by the article: Health Care rationing is a reality.

The reality: Insurance Executives do the rationing now to mollify their Wall Street masters.

This begs the question: Who would you rather ration your health care? An executive whose primary interest is to shareholders?

OR

A government that is subject to the will of the electorate at least every couple of years?

I don't know about you, but I'd prefer a government beholden to me and my fellow citizens over an executive beholden only to shareholders.

I leave you with this: What's the moral choice here? Leave the greedy in charge or let doctors, patients, and elected officials decide?

Monday, September 22, 2008

Bailout in haste--repent at your grandhildren's leisure.

I've been a little troubled by the proposed bailout.

Here's a story that tells a little about it.

My problem is one of competing concerns.

On the one hand, I think the government should help stabilize the market because the volatility we have currently is nothing but trouble for jobs, business, and growth.

On the other hand, I worry that the changes in the law over the past few decades have created a situation where well-financed, and well-connected interests with access to information unavailable to the rest of us, have created a mess where a few profit while the rest of us to pay the tab.

As it stands now, my generation and succeeding ones will pay for the preceding generations inability to delay gratification. The "Me" generation is so stunningly self-centered. Why should my generation (Gen X) be forced into parenting the Boomer's excesses?

We have financed increases in wealth for a small number through policies that a few trickle-down ideologues have convinced people are in the country's best interests.

This is absurd. Trickle-down is only a euphemism for Marie Antoinette's line of "Let them eat cake."

This bailout represents emergency CPR for a few companies and industries that have profited from the rest of us. Now, when they get caught without a chair in the economic game of musical chairs, they scream for help, despite the free market ideology they've trumpeted for years.

The failure of the administration to properly plan is not cause to hand over a blank check to cover their incompetent asses for their ideological idiocy. The public apparently feels the same way.

We should all have serious concerns about an administration that waits too late to fix a problem, then tries to use the immediacy of the need created by their dilatory response to demand change without oversight. This smells of Hitler demanding emergency powers from the German Parliament to fix a fabricated crisis and then seizing power.

Congress is doing the right thing by slowing down the train.