Will “Health Care Reform” help the U.S. economy and strengthen the dollar?
*Investor’s Business Daily, by Michael O. Leavitt, July 20, 2009:
President Obama and the Democratic leadership are trying to ram a
medical insurance bill through Congress in record speed, before anyone
can get a good look at it. This 1,000-page monstrosity was
released last Tuesday. The president wanted to see voting start
by Thursday.
The House bill would increase federal spending, increase taxes,
increase debt, increase health care costs, increase unemployment,
reduce wages, reduce American competitiveness and provide nothing to
anyone until 2013.
The bill reminds me of Winston Churchill’s line: ‘Never…was so
much owed by so many to so few.’ Under this bill, the vast
majority of Americans would owe a great deal throughout the foreseeable
future – paid directly to the IRS or in kind – while a comparatively
small number would benefit in a meaningful way.”
“In pushing for such a radical bill, the Obama administration and
congressional leaders are leaving moderate Democrats and the American
people behind.
A recent poll indicates that while only 22% of Americans strongly favor
the Democrats’ medical insurance plan, 38% strongly oppose it – and the
number of people strongly opposed in rising.
In the wake of the House bill’s release, that number is sure to rise
further.”
“That’s the one bright spot. More and more Americans are
realizing that ObamaCare is the ticket to higher taxes, higher
deficits, higher health care costs, reduced wages, reduced American
competitiveness, reduced freedom and rationed care.
Reason and sobriety can still take hold and beat back this attempt to
impose government-run medical care on the American people. The
box score is not yet printed. Rather, the ballgame is just under
way.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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