Sunday, December 20, 2009

Bipartisan Critics See Through The Fog

When these fellows who are in trouble in their districts and who are running to be elected once again announced a deal in the Senate Friday, what happened is best explained by Joe Scarborough, Howard Dean, and Daily Kos:
On Sunday's Meet The Press, MSNBC host Joe Scarborough was asked a simple question about health care: What has President Obama achieved? His answer: "He has made a lot of people with insurance stock a lot richer."

"This [bill] is great for insurance companies," he explained. "They were going to reform the system [but] neither side wanted to take on the insurance companies. Neither side wanted to get rid of anti-trust exemptions. Neither side really pushed hard to allow you or me or anybody here to buy across state lines. And as Howard Dean said -- and this is a devastating fact -- insurance companies' stocks reached a 52-year [actually 52-week] high on Friday after this so called reform bill got its 60th vote.
(Huffington Post, emphasis added). The Senate version of the bill is what they were talking about, not the House bill.

Investors are not buying stock in the insurance companies because they want to lose money, they know something don't they.

Daily Kos has charts to support the notion that the insurance companies are happy with what they think will be the result of the fusion of the House and Senate Bills later, and so are investors.

Little wonder those who care for the middle class and poor, who are losing homes, jobs, savings, and health care, are not so happy; while the military oil complex gets everything it wants.

There is reason to believe it is an under the table bailout of the insurance companies who they bailed out in the open (e.g. AIG), causing widespread outrage.

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