Friday, June 26, 2009

Economy

This new healthcare add on is really scary. It is a tax on "gold plated" healthcare and will help the drive towards a public plan and therefore more control. But it is allowing for unionized healthcare benefits be untaxed. This is a travesty and as their said in bloomberg "political favoritism". It is just to get votes and if they get it this could be a slippery slope towards a more European model of American life. Large subsidies with expensive nice products and a general malaise, making the vaunted "American worker" a thing of the past. We are losing our spirit right now hitting the highest saving rates in years in the United States we are looking more like Japan after their recession in the nineties. I hope that is not the case. The economy is still leveling out the wheels are slowly stopping and it is only us that can start it back up in the right direction, maybe even to the speed it was going in the past. It is not by regulations which will meter out maybe not the initial jumpstart but will definately exclude it being ramped up to its past speed. We need money, a more ethical business and confidence. That is what will get our good system going again and not let it slip off the tracks.....I hope sense comes to those in Washington

http://www.bloomberg.com/apps/news?pid=20601103&sid=aDvu77pZr7k4
http://www.reuters.com/article/politicsNews/idUSTRE55P1DC20090626?feedType=RSS&feedName=politicsNews&rpc=22&sp=true
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLpv3.MFL1Oc

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