Comments on: With National Health Plan and Carbon-Emissions Regs, Administration Aims Two More Punches at the U.S. Economic Recovery http://moneymorning.com/2009/06/30/administration-aims/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Bobby http://moneymorning.com/2009/06/30/administration-aims/comment-page-1/#comment-6999 Bobby Mon, 06 Jul 2009 05:41:47 +0000 http://www.moneymorning.com/?p=7865#comment-6999 Somebody please explain why the government is trying to limit CO2. CO2 cools down the earth, and makes all plant life green. How can you "green" everything by getting rid of CO2? That is totally self-contradictory! Taxing the stuff all animals and man naturally breathe out, that's worse than what the founding fathers had to fight against during the Revolutionary War! Obama = King George?? Somebody please explain why the government is trying to limit CO2. CO2 cools down the earth, and makes all plant life green. How can you "green" everything by getting rid of CO2? That is totally self-contradictory! Taxing the stuff all animals and man naturally breathe out, that's worse than what the founding fathers had to fight against during the Revolutionary War! Obama = King George??

]]> By: Ed Phillips http://moneymorning.com/2009/06/30/administration-aims/comment-page-1/#comment-6998 Ed Phillips Sun, 05 Jul 2009 15:20:35 +0000 http://www.moneymorning.com/?p=7865#comment-6998 Free markets cannot control the supply of and demand for health care for several reasons: Consumers do not have "perfect" knowledge of human anatomy, of medical procedures, drugs, or of their alternative choices. Medical care is price inelastic, i.e., we need most care even if the cost is high, very high, or thru the roof. Costs are also kept high by the medical profession, not by the government. The AMA (the largest lobby group) controls the number of medical school admisions, the supply of doctors, and hospital certifications, thus driving up physicians wages far above those that would prevail in its absence. Incomes among consumers are grossly skewed such that at least one-half of workers could not afford medical costs without some assistance by the government and by employer paid insurance. Thus, nearly all the safeguards provided by free markets with respect to most other products and services do not exist in the field of medicine. Schiff conveniently ignores these facts. Free markets cannot control the supply of and demand for health care for several reasons: Consumers do not have "perfect" knowledge of human anatomy, of medical procedures, drugs, or of their alternative choices. Medical care is price inelastic, i.e., we need most care even if the cost is high, very high, or thru the roof. Costs are also kept high by the medical profession, not by the government. The AMA (the largest lobby group) controls the number of medical school admisions, the supply of doctors, and hospital certifications, thus driving up physicians wages far above those that would prevail in its absence. Incomes among consumers are grossly skewed such that at least one-half of workers could not afford medical costs without some assistance by the government and by employer paid insurance. Thus, nearly all the safeguards provided by free markets with respect to most other products and services do not exist in the field of medicine. Schiff conveniently ignores these facts.

]]> By: Michael Marcinkiewicz http://moneymorning.com/2009/06/30/administration-aims/comment-page-1/#comment-6994 Michael Marcinkiewicz Tue, 30 Jun 2009 23:56:00 +0000 http://www.moneymorning.com/?p=7865#comment-6994 I totally disagree with your callous comparison between health insurance and homeowners insurance. While I do understand your point there is no way you can compare rebuilding a house to keeping a human life alive and in good condition. If a house dies due to lack of maintenance (i.e. completely burns to the ground or disintegrates) a construction crew comes along and tears down the old and rebuilds a new structure and the owners move back in. If a person dies b/c he doesn't see the doc to treat a minor illness it could become a major illness and kill him. You can't rebuild the dead person no matter how hard you try (as far as I know there is no $6 million man tech yet available). There is absolutely no comparison between the two and you are 100% wrong about the health care issue. As far as the cap and trade bill, it was the cap and trade law back in the late 80's early '90's passed to decrease acid rain, well that worked and on an economical basis. Cap and trade on CO2 will work as well. I totally disagree with your callous comparison between health insurance and homeowners insurance. While I do understand your point there is no way you can compare rebuilding a house to keeping a human life alive and in good condition. If a house dies due to lack of maintenance (i.e. completely burns to the ground or disintegrates) a construction crew comes along and tears down the old and rebuilds a new structure and the owners move back in. If a person dies b/c he doesn't see the doc to treat a minor illness it could become a major illness and kill him. You can't rebuild the dead person no matter how hard you try (as far as I know there is no $6 million man tech yet available). There is absolutely no comparison between the two and you are 100% wrong about the health care issue.

As far as the cap and trade bill, it was the cap and trade law back in the late 80's early '90's passed to decrease acid rain, well that worked and on an economical basis. Cap and trade on CO2 will work as well.

]]> By: Gerald Spencer http://moneymorning.com/2009/06/30/administration-aims/comment-page-1/#comment-6997 Gerald Spencer Tue, 30 Jun 2009 18:58:40 +0000 http://www.moneymorning.com/?p=7865#comment-6997 Cap & Trade will further seal the fate of the working man to cleaning toilets or flipping hamburgers. The Jobless Recovery will further eliminate US citizen employment. Many US citizens find their situations economically hopeless today since de-industrialization moved their jobs to foreign countries where labor costs are much cheaper. Riots and insurrections are predictable, ala the French Revolution and/or the Russian Revolution under these desperate conditions. If the EPA were created in 1865, the USA would be a third world country today, no longer in existance, and probably speaking either German or Japanese. Cap & Trade will further seal the fate of the working man to cleaning toilets or flipping hamburgers.

The Jobless Recovery will further eliminate US citizen employment.

Many US citizens find their situations economically hopeless today since de-industrialization moved their jobs to foreign countries where labor costs are much cheaper.

Riots and insurrections are predictable, ala the French Revolution and/or the Russian Revolution under these desperate conditions.

If the EPA were created in 1865, the USA would be a third world country today, no longer in existance, and probably speaking either German or Japanese.

]]> By: Gerald Spencer http://moneymorning.com/2009/06/30/administration-aims/comment-page-1/#comment-6995 Gerald Spencer Tue, 30 Jun 2009 18:27:38 +0000 http://www.moneymorning.com/?p=7865#comment-6995 How about some new Jobs. Real jobs, not cleaning toilets for the Wall Street Financial Geniuses. The USA has created a situation that US gold; US currency; real estate title to US properties and other US assets are leaving the USA in amounts of annual value that are greater than they would be if US citizens were manufacturing the things that US citizens consumed. We must change this situation or we will become a post WWI Germany economically. This could happen overnight after we have sold title to all of our real estate, farms, agri-businesses, food supplies, dairies, forests, industries, breweries, hotels, factories, casinos, financial institutions, retail businesses, and all of the other assets located in the USA. How about some new Jobs. Real jobs, not cleaning toilets for the Wall Street Financial Geniuses.

The USA has created a situation that US gold; US currency; real estate title to US properties and other US assets are leaving the USA in amounts of annual value that are greater than they would be if US citizens were manufacturing the things that US citizens consumed. We must change this situation or we will become a post WWI Germany economically. This could happen overnight after we have sold title to all of our real estate, farms, agri-businesses, food supplies, dairies, forests, industries, breweries, hotels, factories, casinos, financial institutions, retail businesses, and all of the other assets located in the USA.

]]> By: increase supply in healthcare to match demand http://moneymorning.com/2009/06/30/administration-aims/comment-page-1/#comment-6996 increase supply in healthcare to match demand Tue, 30 Jun 2009 17:31:49 +0000 http://www.moneymorning.com/?p=7865#comment-6996 the crisis in health care cost is based on a very simple principle of supply and demand like any other SERVICE. The demand have increase with aging population living longer asking for the latest technologies been developed, but the supply side remains stagnant, specially in regards to medical supplies and technologies like scopes, stiches, needles, etc. etc., which is the most costly in the final bill, the government have created so many regulations and obstacles that is very difficult for the supply side to come up into the market and thrive and compete to drive costs lower, If I for example want to come in and produce for example scopes, i will have a living hell just to come up with regulatory compliance on top of a lawyer who is going to sue me for some gains finding any loophole. An orthopedic screw cost a lot compare to the same screw that is sold with the same material with same dimensions and specifications in the warehouse which cost cents of a dollar compare to hundres of dollars. The governmnet have created this political driven environment and have restrain the grow in the supply side of healthcare, they are the ones to blame for this imbalance in the health care service market. the crisis in health care cost is based on a very simple principle of supply and demand like any other SERVICE. The demand have increase with aging population living longer asking for the latest technologies been developed, but the supply side remains stagnant, specially in regards to medical supplies and technologies like scopes, stiches, needles, etc. etc., which is the most costly in the final bill, the government have created so many regulations and obstacles that is very difficult for the supply side to come up into the market and thrive and compete to drive costs lower, If I for example want to come in and produce for example scopes, i will have a living hell just to come up with regulatory compliance on top of a lawyer who is going to sue me for some gains finding any loophole. An orthopedic screw cost a lot compare to the same screw that is sold with the same material with same dimensions and specifications in the warehouse which cost cents of a dollar compare to hundres of dollars. The governmnet have created this political driven environment and have restrain the grow in the supply side of healthcare, they are the ones to blame for this imbalance in the health care service market.

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