Friday, June 29, 2012
Friday, June 29, 2012 No comments
The stock market surged today, apparently they’ve already forgot all about Obamacare crashing the economy. That was of course a fantasy that only exists in the fevered minds of tea baggers. In fact Obamacare is great for business, and a real boon for the economy in general. It’s only short coming is that it still allows the big insurance corporations to skim at least 10% off the top for themselves, but they had been taking 30% or more.
They are now required to pay 85% of premium money out in healthcare under Obamacare. There was no limit before, and they were doing good at 60%, keeping 40% for Death Panel bureaucracy, CEO salaries, stock dividends and bribes to Congressmen. Medicare pays out 97% of what it takes in, you do the math.
Actual net profits probably won’t decline by all that much, but all those boiler room operations in India that were dedicated to denying claims, those will become unnecessary, saving billions. Add in the savings to society by having sick people treated right away for a few dollars, instead of paying for 3 weeks of intensive care on the public dime while they died of something that could have been prevented, and we all win. This will drive the baggers nuts, “those uninsured people were cursed by god and deserved to die!”
Back to the stock market, the Dow just had its best June since 1997. When Obama said, “the private sector is doing just fine”, he was right. That would be of course Mitt Romney’s share of the private sector that is doing just fine.
Romney ‘doth protest too much’ about his virtue when he speaks of the unemployed. Although if he were a Shakespeare character, doesn’t he make you think of the two idiots in Hamlet, Hamlet’s two school chums from Cranbrook, Rosencrantz and Guildenstern? You could combine them like a Hollywood couple and get Romneystern, or actually, that would be more like Frankenstein. If he’s stitched together from rotting parts, that would explain his appearance and inhuman mannerisms. Igor found a defective brain, like in Young Frankenstein.
Back to the stock market, what really has everybody in such a cheery mood down at the exchange is that the EU has decided to start pumping cash directly into the banks in Spain and Italy, instead of making the individual countries borrow the money. This was driving bond interest rates through the roof, and it should give them a chance to get away from the austerity nonsense. Now they can begin an actual growth driven recovery. Not that they will admit they were dead wrong about all this. Now the talking point from Europe is that they will have “both” growth and austerity. It’s really, “Alas poor Austerity, I knew you well”.
Now that 5 of the 9 witches have agreed on the recipe for Obamacare, perhaps things will start going in the right direction for a change (I guess that would be “Forward”). That is if Roberts and his coven can avoid being burned at the stake.
In the caldron boil and bake;
Eye of newt, and toe of frog,
Wool of bat, and tongue of dog,
Adder's fork, and blind-worm's sting,
Lizard's leg, and owlet's wing,—
For a charm of powerful trouble,
Like a hell-broth boil and bubble.
Double, double toil and trouble;
Fire burn, and caldron bubble.