ObamaCare — did someone mention “crony capitalism”? [Darleen Click]
Not only an unprecedented expansion of Nanny Government, but more details on how certain industries have taken Federal carrots.
For a law that supposedly sticks it to big business, President Obama’s health care overhaul sure has a lot of industries counting on it for profits. In recent weeks, plenty of new evidence suggests Obamacare was a boondoggle for special interests.
Hedge fund honcho Larry Robbins told the crowd at the prominent Sohn Investment Conference last week to buy hospital stocks. Obamacare, Robbins argued, would boost profits for the industry.
Insurers might be in the same boat. A Bloomberg Government study released last week found insurers would lose out on a trillion dollars in revenue between 2013 and 2020 if the Supreme Court struck down Obamacare in its entirety. Most of the trillion at stake comes from federal subsidies created by Obamacare. [...]
Since the Obamacare debates began in the spring of 2009, we’ve known drug lobbyists had a privileged seat at the table, but we didn’t know exactly what the drug industry got from the “reform” — and just how the industry repaid Democrats.
Now the veil is lifting. Republicans on the House Energy and Commerce Committee spent the last year pressuring the White House to turn over documents relating to drug industry-White House negotiations. Last week, committee Republicans began releasing the details.
There is this whole Left-liberal meme about business and corporations as Boogey-men extraordinaire; people who will eat your children, rape your grannies, poison your dog and starve you to death if it weren’t for SuperFederalMan watching over you.
(Liberty is so over-rated, please sign here to exchange it for our benevolent cradle-to-grave running of your life)
But it isn’t the private sector that can put people in jail, organize a military, seize a business’s property via “interpretation” or reward one person’s property to political allies. Big Business is, at worst, a pale wannabe to a statist government.
Pelosi said the bill had to be passed before we would be allowed to know what’s in it.
And what is in it is as bad as we imagined.
Related: Delphi Salaried Retirees
Tags: crony capitalism, fascism, obamacare, statism