Saturday, March 27, 2010

Thank God for electricity

Certain environmentalists are asking everyone to turn off their lights between 8:30 and 9:30 pm local time tonight to make a statement about the need to reduce emissions of the pollutant plant food carbon dioxide. Anthony Watts summed up my view of Earth Hour in his most recent post: Earth Hour in North Korea a stunning success.

Why do I suspect that most of the proponents of Earth Hour are also sympathetic to the ideals that justify Communist/Socialist regimes? And why do I suspect that it's not a coincidence?

Instead of turning off the lights tonight, I'm going to turn on every electric gadget I have (within reason) for that hour. It will be my tribute to Benjamin Franklin, Thomas Edison, and Nikola Tesla.

p.s.: All of the modern health care that the Dems will eventually take control of is fully dependent on electricity. How's your carbon footprint now?

Tuesday, March 23, 2010

It's socialized medicine, and it will end American medical ingenuity

The real goal and inevitable result of the disastrous Dem-care bill are so plain to see that a single, simple article on Bloomberg.com is all one needs to see the light.

Later this year, health-care insurance companies will be required to allow parents to insure any adult children up to age 25, and to provide new insurance coverage to children with pre-existing illnesses. Regardless of how compassionate this latter provision may be, the simple math is that these added children will represent a net loss of money to the insurance companies. Either the companies will go broke, or they will have to raise everyone's premiums to make up the difference.

The main selling point of the bill - providing government-subsidized insurance for the uninsured - requires a substantial new sum of money to pay for. This money will be raised by cutting Medicare fees paid to hospitals, and by charging new fees and/or taxes from insurance companies and companies that make drugs and medical devices. Yes, that's right: the hospitals that care for us, the companies that insure us, and the companies that manufacture drugs and machines to save our lives are all going to be punished financially. Again, the choice for these companies is either to go bankrupt or pass on the new fees to patients, which ultimately results in even higher insurance premiums.

The insurance companies are thus being hit from three different directions: (1) having to cover the most expensive, previously uninsured patients, (2) being charged with new taxes, and (3) paying for the higher prices that will be passed on by the newly-taxed hospitals, drug companies and medical-device companies. This is just the cold, hard math.

In a nutshell, insurance companies are either going to be closing their doors, or subscribers are going to balk at the higher monthly premiums. Doesn't this sound like a great opening for a single nationalized health-care program? It can't be a coincidence. Of course, once health-care becomes fully socialized, the government will institute strict across-the-board price controls, and then the downward spiral really begins.

Monday, March 22, 2010

So much for this republic

Dem-care has passed in the House of Representatives. It's a foregone conclusion that Obama will sign it.



In a time when we should be slashing the Federal budget to reverse the growth of government and the national debt, we're creating a new government program that will undoubtedly grow over the years.

In an economy that is stagnating due to a lack of money, we're increasing the tax burden on wage earners.

In a nation that was founded on limited government and liberty, we've now passed a law that requires every citizen to buy insurance, and allowed government bureaucrats to intrude even further into our lives.

MRI machines, experimental cancer treatments, and highly-trained doctors are not universal human rights, but the proponents of this 2000 page monstrosity seem to think that they are. We're not far from declaring electricity to be a universal human right; I wonder who goes to jail when the power goes out for good?

Tuesday, March 09, 2010

So much for that correction

The S&P 500 has recovered from the January-February correction, and is only a few points away from a 16-month high. In the short term, sentiment indicators say there's still maneuvering room for additional gains in this bull market rally. On intermediate and long time frames, seasonal cycles and a very low dividend yield of 2% are not favorable for a prolonged continuation of the upward trend.