Obamacare is akin to a debtship shooting high-explosive debtrounds at the Debtanic after it already hit a giant debtburg. Obamacare is going to get even more unfavorable over the years because quality will go down and more expensive-as it always has due to lack of free market in healthcare.
They want healthcare to become a government operation. I believe that the "penalties" are intentionally low so that many employers will opt to pay them rather than providing insurance. That way, many people will be shoved off onto the government system. They also want to destroy the private insurance industry so that government will be all that's left.
More importantly the supreme court just created and levied a tax which is a power specifically not given to in the constitution. Moreover the constitution in article 1 section 8 states that for a revenue source to be considered a tax it must be levied uniformly on the populous, and this tax/punishment is not levied uniformly. The supreme court vastly exceeded its constitutional mandate, which I think nullifies their ruling
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Popular Posts This Month
-
If you want to listen to Peter Schiff's Wall Street Unspun Podcasts , here is the widget , I used to have it on the front page , But fra...
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
“Some people that got stranded on an island, and I think it was 6 or 7 were Asians and there was one American and as soon as they were on th...
-
The devil we know is better than the devil we do not know Benbernanke did a horrific job as a FED chairman he's done a good job in tempo...
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
President Obama delivers his weekly address to the nation announcing many cuts in the federal budgetWhat do you guys Think of this ???
-
Many Americans have been led to believe that the worst of the financial crisis is over, but last week the U.S. economy was dealt another hea...
-
Stossel's Myths: Is Oil Truly Scarce? Is Peak oil just another media myth ? Are we really running out of oil, or are we just lazy in our...
-
Minimum Wage, Maximum Stupidity By Peter Schiff In a free market, demand is always a function of price: the higher the price, the lower the ...
-
By BEN STEIN Published: May 23, 2009 THE future is now. To see how history might look back on our economic crisis, we bring you this excerpt...