Saturday, October 30, 2010
Two Perspectives on the Looming Election Tsunami
These two articles, here and here, present two reasoned and reasonable perspectives on the coming election this Tuesday and its probable aftermath. In the first article Pat Cadell and Roger Shoen, two democrat pollsters for a long time, weigh in on why they are so discouraged by the Obama presidency and why he has betrayed true liberals like them with his conduct in the WH. Essentially they say he has been the most divisive president since Nixon and that he campaigned to be the most inclusive. It's safe to say this is the view of centrist democrats, which these guys are. The second article is a particularly enlightening article by WSJ's John Fund. His subject is Brian Baird, another centrist who represented his district in Washington State for 12 years and is retiring at the age of 56. Baird has had it withthe rank partisanship in Washington and in particular in his own democrat party. Baird voted for Obamacare and all the other socialist plans put forth by the dems and proceeds in this article to provide reasons why these were flawed programs in spite of his support for them. It pretty much sounds like he was pressured by unions and one wonders if he just caved and then decided to retire after having second thoughts. He sounds like a reasonable sort but his vote for those programs in spite of their flaws makes one wonder if he has a backbone.
Friday, October 29, 2010
Inflation or Deflation?
Seems as though the question for investors is always will there be inflation or deflation as a result of various government policy moves? From the grave Milton Freidman weighs in here on the subject. He was what they call a monetarist which I believe means he considered the amount of money available in the system determined whether we experienced price stability and ultimately inflation or deflation. This article is not a bad primer on the Freidman theory of money supply and its effect on the economy.
Wednesday, October 27, 2010
Byproduct of Obamacare
Reading this WSJ article, Big Insurance, Big Medicine, one gets a sense of how complicated the healthcare industry is and how it is being impacted, adversely, by Obamacare. All sorts of consolidations are now going on as providers and insurers position themselves for the future under this nightmarish bureaucratic tsunami that is now descending on them. This article clarifies some of the issues but doesn't really touch on one of the major ones to most people, what happens to the quality of healthcare once the docs are all salaried government types. It seems the experiments in Canada and GB indicate that under government auspices the docs no longer have the same incentives to innovate and improve healthcare delivery from the consumer's perspective. While reforms are necessary all over the place in the industry, one wants to take care not to throw out the baby with the bathwater.
Tuesday, October 26, 2010
The real reason for the Meltdown
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Explosive CEO calling Obama and Dems the "Family" "Conscience"...
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