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The system will be crushed under either the current system, or Obama care if the costs are not contained due to government intervention in health care. Free markets should define what drugs should cost or what certain procedures should cost. Not government!
The fact is that know one in DC will address the cost of health care or the anti free market practices that go on in the industry. Campaign donations would dry up from the health care industry. Campaign donations are all that matter in DC today.
Obama is a disaster of a president. I don't believe Romney will be much better. If I were the republican party I would sit this election out. Cuts will be made to the budget. Let the Dems own their problems they created.
Clinton paved the way for the housing boom bust by removing Glass-Stegal allowing banks to invest in risky financial products like mortgages. Greenspan and Bush pushed for everyone to own a home. Frank and Reid helped push by making it impossible for banks to deny anyone a loan. The consumers bought it hook-line-and-sinker. Believing that home prices would only go up. It's almost like it was planned?
The same thing is now being done in the equity markets. Give the people another year or two and they will believe equity prices only go up. Barring a war or economic disaster in a developed country. Think Europe, or Japan. Bernanke creates a few zeros on the Fed balance sheet, buys $40 billion a month in mortgage bonds (who knows what else) from the banks. Banks turn Bernanke zeros into cash and buy equities, ETF's, etc, and do their required buying (primary dealer banks) of treasuries. The Fed then buys the treasuries from the banks giving the banks more money to invest, I meant gamble. What could go wrong?
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