Nat Hentoff, who was too radical for the stodgy, propaganda-sodden Village Voice, has written an excellent piece on the economic stupidity of Obamacare.He explains how Obamacare’s tax on medical devices is driving the industry out of the US, and his regulatory stranglehold is keeping new devices that are currently available in Europe from coming onto the American market.
House Republicans have voted to repeal the tax, but…
The Democratically controlled Senate was not likely to agree with the House, and in any case, Obama pledged to veto it because he’d much rather those billions in tax revenues go to cutting health care costs. (Hentoff)Who in their right mind would think that taxing something will make the price to the consumer go down? That’s nuts!
Obamacare will create scarcity and drive up costs, while stifling innovation by taxing it to death and removing the profit motive. Our state-run healthcare system will look like Nurse Ratchet’s ward in less than a generation.
Hentoff, who is now in his old age, ends his article with a request for Mitt Romney…
I beg Mitt Romney to tell us how he will end this trade in American lives for broad cuts in health care budgets. We do need to save money, but raising taxes on lifesaving medical devices while cutting potentially lifesaving tests strikes me as not the American way.
Will the outcome of the November elections tell us and our kids and grandkids whether we still are in what used to be called America, where individual doctors prescribed for the futures of their individual patients? (Hentoff)There’s Hope…
SA Today/Gallup released a poll of adults which found that, by more than 2-1, 63%-29%, voters felt Romney's tenure at Bain would cause him to make good decisions about turning around the economy and creating jobs.
61% of adults felt that government was doing too many things that should be left to individuals and businesses. The poll also found that Romney was viewed as better able to control government spending. (Bain Attacks may be helping Romney)Romney may be a milquetoast moderate, but unlike our current president he understands business and the economy, and hopefully voters are seeing that. We don’t need more agenda-driven progressivism--we need free-market pragmatism.
