The media wants you to believe that the Bush administration is to be blamed for the economy crash, and I am no fan of former President Bush but that is not factually true. According to the Noble Prize winning economist Paul Krugman, the collapse of the housing market is the # 1 cause of the bad economy, which former President Bill Clinton is largely responsible for. In June 1995, Clinton started the "Opening the Doors to Affordable Housing" initiative that gave trillions of dollars in subsidies to mortgage companies who were willing to give home loans to subprime borrowers, high risk individuals who normally would not be considered for loans. The mortgage companies, the banks and the lenders were being blind sighted by the trillions of dollars the federal government was rewarding them with for giving these loans to these risky people. The lenders used to make money off of giving loans to deserving people but because of Clinton's initiative, they were making money off of giving loans to risky people. So in essence, the reinforcements were all backwards. Like the domino affect, the fall of the mortgage companies, the banks, the stock market and the continued loss of millions of jobs throughout the nation, all began with the home foreclosures of the subprime borrowers, and that these people would have never received loans had it not been for President Clinton’s initiative.
I was shocked to find out that Senator John McCain tried to stop and shed light on how dangerous this initiative was in 2005, but his efforts were quickly squashed by Democratic congressman Barney Frank and Democratic Connecticut senator Chris Dodd. The only thing the Bush administration is responsible for in terms of the fall of the economy is not stopping the government from getting involved in private business and the free market. Banks know who to give loans to and who not to. It’s a successful formula that has worked time after time, but as soon as the government stepped in and tried to “regulate” their business, all hell broke loose. Now the new Obama administration wants to impose even more government regulations and interventions on private businesses. They think that the cause of the problem is the solution to the problem but they are wrong. Government and private business are like oil and water, they do not mix and if we are going to learn anything from the housing crisis, this should be it. Those who do not learn from the past are doomed to repeat it.
Sources
http://news.boconline.com/article.asp?artid=7766
Tuesday, April 21, 2009
Saturday, April 4, 2009
Why Government Run Health Care Could Kill You
I want you to think back to the last time you were at the DMV. Remember how long you had to wait and who many different windows you were sent to. It wasn't very fun was it? Now imagine that you were just in a car accident and needed immediate medical attention. If you lived in Canada you’d have to wait on average 8 hours before you'd finally be seen by a doctor. By that time, you've already endured massive internal bleeding but unfortunately there is nothing they can do because you were seen too late. Fortunately, you live in the United States of America and have access to the most efficient and state of the art healthcare in the entire world. You might not have health insurance, but that's okay because you'll still be seen right away. You might come out a few thousand dollars in debt but that's okay because you're still alive! You would have died if you lived in Canada. You would have died if the government ran healthcare the way it runs the DMV.
It has been widely reported that 40 million people in the US do not have health insurance but that number is actually inflated and roughly 70% of this group are individuals between the ages of 18 and 30 who either feel that they do not need insurance or are currently in the process of obtaining it. Thousands of people die at the hands of socialized medicine every year. The Tony award winning actress Natasha Richardson was in a skiing accident in March at a ski Resort in Canada and Natasha could have received a CAT scan after her accident but was deprived of the opportunity. Camille Larson, a 22 year old student from London found out that she had advanced bone cancer in 2006 and was put on a waiting list in order to receive chemotherapy treatments. Camille passed away in 2007 but probably would have survived if she had lived in the US since there is no waiting list for cancer patients here. It has become common in Canada and European countries for doctors to limit the medical care each individual patient receives because there are so many people on the list and so few doctors. Australia has only 2.6 hospital beds per every 1000 people. England and Australia are both on the verge of bankruptcy because of their socialized systems and it has become extremely difficult for them to keep their doctors from moving to the US where they are paid more for their hard work.
Medicine here is still largely run by the private sector and as a result we have one of the most efficient systems in the world. Capitalism might be the brunt of everyone's hatred these days but without it, there would be no efficiency in the medical industry because there would be no incentive for reward. Yes, the healthcare industry is out to make a profit, but that profit is the reason we have state of the art medical care. Imagine if the DMV was run by a private company. It would be in their best interest to get you in and out as soon as possible because you could always take your business to another company and they would lose a customer. Competition and incentive for reward is what makes business and the world more competent.
Now I'm not saying that our system is perfect, but it is far superior to the alternative. We have the option to choose between a PPO and an HMO and there are more alternatives out there. Those options empower us as consumers. We need to let the private sector have even more control over healthcare to make it even more accessible (See youtube clip below). But you're probably thinking, "I have health insurance so if they socialize medicine in this country, I' won't be affected"........WRONG!!! If the government starts running healthcare then we will all go down together. Private care will go out of business because why would anyone pay for health insurance if they could get it free from the government? We will lose our options and we will all be stuck with the same horrible socialized healthcare. So my friends, enjoy the system that we have now because someday you'll look back on this time and wish that you were back in the good old days.
It has been widely reported that 40 million people in the US do not have health insurance but that number is actually inflated and roughly 70% of this group are individuals between the ages of 18 and 30 who either feel that they do not need insurance or are currently in the process of obtaining it. Thousands of people die at the hands of socialized medicine every year. The Tony award winning actress Natasha Richardson was in a skiing accident in March at a ski Resort in Canada and Natasha could have received a CAT scan after her accident but was deprived of the opportunity. Camille Larson, a 22 year old student from London found out that she had advanced bone cancer in 2006 and was put on a waiting list in order to receive chemotherapy treatments. Camille passed away in 2007 but probably would have survived if she had lived in the US since there is no waiting list for cancer patients here. It has become common in Canada and European countries for doctors to limit the medical care each individual patient receives because there are so many people on the list and so few doctors. Australia has only 2.6 hospital beds per every 1000 people. England and Australia are both on the verge of bankruptcy because of their socialized systems and it has become extremely difficult for them to keep their doctors from moving to the US where they are paid more for their hard work.
Medicine here is still largely run by the private sector and as a result we have one of the most efficient systems in the world. Capitalism might be the brunt of everyone's hatred these days but without it, there would be no efficiency in the medical industry because there would be no incentive for reward. Yes, the healthcare industry is out to make a profit, but that profit is the reason we have state of the art medical care. Imagine if the DMV was run by a private company. It would be in their best interest to get you in and out as soon as possible because you could always take your business to another company and they would lose a customer. Competition and incentive for reward is what makes business and the world more competent.
Now I'm not saying that our system is perfect, but it is far superior to the alternative. We have the option to choose between a PPO and an HMO and there are more alternatives out there. Those options empower us as consumers. We need to let the private sector have even more control over healthcare to make it even more accessible (See youtube clip below). But you're probably thinking, "I have health insurance so if they socialize medicine in this country, I' won't be affected"........WRONG!!! If the government starts running healthcare then we will all go down together. Private care will go out of business because why would anyone pay for health insurance if they could get it free from the government? We will lose our options and we will all be stuck with the same horrible socialized healthcare. So my friends, enjoy the system that we have now because someday you'll look back on this time and wish that you were back in the good old days.
WHAT IS A LIBERTARIAN????
YOU'RE A LIBERTARIAN IF YOU BELIEVE THAT...............
1. You know how to spend your money better then the government does.
2. You should have more personal freedoms in your life.
3. The US is not the police of the world and should not have to fight everyone else's wars.
4. While we should stay out of other country's business, we need a strong defense. "Speak softly but always carry a big stick."-Teddy Roosevelt
Please find out more about the party of principle
www.lp.org
1. You know how to spend your money better then the government does.
2. You should have more personal freedoms in your life.
3. The US is not the police of the world and should not have to fight everyone else's wars.
4. While we should stay out of other country's business, we need a strong defense. "Speak softly but always carry a big stick."-Teddy Roosevelt
Please find out more about the party of principle
www.lp.org
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