Politics + Health Care

So Obama has come up with a new health care plan that costs $940 bn and does nothing to control

the rise of health care costs, which is what 90% of Americans care about. So our debt will rise from

12 trillion to 13 trillion and 30 million new people will be covered for free. I think every taxpayer should oppose this plan. It's a travesty. I think every single Republican, plus any Democrat that is not just a cog in the party machine, should oppose this bill.

I voted for Obama. I was excited. The only change I see is bigger government and more deficits.

What a disappointment.

So we get into this mess because interest rates are too low, leading to too much borrowing,

leading to excessive risk taking, leading to a bubble in property prices, which bursts and

causes a collapse in credit markets, which in turn freezes economic activity. So to stimulate the

economy, we print money and keep interest rates low, which is causing higher asset prices, etc, etc.

Has anyone read the kids book "If You Take a Mouse to the Movies"...

By the way exactly how much did Goldman Sachs get to write back into PnL after the government (ie taxpayers) paid out on all AIG contracts? I don't know the amount-may not be material- but shouldn't we know in any event?