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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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