Interesting essay from Dan Collins at Conservativecommune.com, and he’s just about right.
Private industry has been informed that it is now under the power of the state. The government can compel industry to do it’s will pretty much without restriction now. “Private enterprise” in this country is being destroyed. (Though it can be revived with lots of hard work.)
Currently congresspeople and their staffs have 75% of their premiums paid for by the taxpayer. The plans they enjoy are also top notch. Top top notch.
But because of the way Obamacare was written, the law we needed to pass before we knew what was in it, lawmakers and their aides are about to be thrown into the vortex of the Obamacare healthcare “exchanges.” And guess what? They don’t wan’t to go down the hole.
Now, it’s perfectly OK for the average American to deal with this nightmare.
The world of government contractors is dark and mysterious. Money is moved here. Money is moved there. It is a confusing labyrinth of bureaucracy which along the way is salted with taxpayer funded pots of gold. It’s like Mario Brothers.
It is important to actively seek news from outside of these corporations. Not to say that the “mainstream” news is always bad. It’s not. Sometimes it can often be quite good. But for the sake of being an informed member of society it’s wise to cultivate a taste for the news afield.
First of all, end the Fed. Just had to say that. End it tomorrow. It is the source of the modern boom and bust cycle, extended the Great Depression, inflated the tech and housing bubbles, and has extended the Great Recession. (Some of its crimes.) Now “Mr. let’s end Glass-Steagall and blow up the world with derivatives” is unofficially throwing his hat in the ring for Fed Chairman. People of the world rejoice, a new dawn is breaking!
Who writes the laws? The lobbyists.This isn’t completely true, but it is true to a very large extent as this article explains.
The thicker the law, the more opaque the legislation, the more opportunities there are to make money. There’s a reason Obamacare is a stack of papers taller than a man, same for Dodd-Frank. Both laws deal with impossibly complex areas of the economy best left to market mechanisms. To a very large extent the problems which both Obamacare and Dodd-Frank seek to address, access to healthcare and a corrupt banking system respectively, are problems created by prior government involvement in the marketplace.
I don’t agree with everything Professor Black prescribes. He and I have pretty different views as to the roll of government generally.
However he advocates shining a light on the dark swamp which is our worldwide financial system, where super leveraged bankers swim through the economic muck like pinstriped alligators. And we are certainly for that.