Banks Bail Out Set To Scupper Mccain/Obama Health Reforms
September 29, 2008 by Graham Foster
If you're new here, you may want to subscribe grab a copy of my Best Selling Book Lose 10 Pounds in 2 Weeks Absolutley FREE at Weight Loss Book to my RSS feed. Thanks for visiting!
Health Care Reforms Look Dead In The Water
It seems due to the credit crisis and the impending $700 billion dollar bank bail out that inspite of promises of health care reforms and access to health care for all both Mcain and Obama are likely to fail to deliver even a fraction of what was promised even before the election starts.
Due to the incompetance of the banking industry in the US and beyond combined with the greed of those buying and selling on the markets as the ship sinks. (they are making a pretty packet)
It looks now that the once again those less fortunate citizens will pay the price at the expense of the fat cats and that those looking for access to healthcare will wait rather longer than both Presidential candidates would have had us believe a few weeks ago.
None of this is likely to bother those who run the banks who are threatened with such sanctions as a freeze on their bonuses if this rescue package goes ahead (funny I always thought people got canned if they were incompetant) or of course the dealers who are profiteering on the backs of other peoples misery.
There can be no doubt Americans need a better health system as health insurance costs continue to rise at an alarming rate making health care the most expensive it has been for many years.
Combine this with a rapidly aging population and the highest levels of obesity this country has ever known and it’s a sure fire recipe for disaster.
Nearly forgot to mention not only has your health care cost gone out of control but your 401K will be worth a fraction of what you expected if your lucky!
In case you were wondering Mcain and Obama had different views of how health care would be tackled but now it seems it will be of little significance as the money simply won’t be available.
But just for curiosity this is what they had to say on the subject.
John Mcain - Straight Talk on Health Care Reform
Barrack Obama - The Change We Need
The best healthcare reform would be the one that gets Gov out of it. It doesn’t work well anywhere else and there’s nothing to suggest that it would be better here.
Congress had at least as much responsibility for the banking situation (mess) as the Corp execs, probably more, since regulations are driven by what feels good, not economic sense.
Also consider that Obama is taking those “incompetent banking execs” and giving them jobs as advisors. As the saying goes, “You ain’t seen nothin’ yet.”
By the way, stock markets are cyclic. They will come back up. Sooner with McCain, but they will with Obama too, unless he starts nationalizing stuff.