This legislation is a gigantic give-away to interest groups like the AMA, AARP, the pharmaceutical industry, and the insurance industry. The share prices of insurance companies are at a 52-week high in anticipation of the profits to come. Just as these groups spent millions in advertising to support this legislation, they will spend even more in campaign contributions to protect it in the future.
While most of the American people oppose this legislation, and will hate it even more once they find out what is in it, the Washington elite doesn’t care. The politicians are now firmly in charge of the entire American economy. They have made themselves into Grand Poobahs who will dole out favors to their friends and punish their opponents.
Wednesday, December 30, 2009
Welcome to the USA: The Newest Banana Republic
Posted by Ben Cunningham at 5:22 PM