We take a break from our coverage of Kiffingate to provide you some interesting political developments.
Healthcare rationing and new bureaucracy formed
According to a commentary via Bloomberg, Democrats have included a provision in the stimulus bill which would cripple the ability of the elderly to get innovative care, would create a bureaucracy to oversee healthcare rationing and would spend an enormous sum to do it.
According to the column, the stimulus bill creates â€œthe Federal Coordinating Council for Comparative Effectiveness Research (190-192).Â The goal, Daschleâ€™s book explained,Â is to slow the development and use of new medications and technologies because they areÂ driving up costs. He praises Europeans for being more willing to accept â€˜hopeless diagnosesâ€™ and â€˜forgo experimental treatments,â€™ and he chastises Americans for expecting too much from the health-care system.â€
In other words, if you are old and sick you need to suck it up and die.
The bill doesnâ€™t stop there trying to make our healthcare system less helpful to the sick; it spends large amounts of money.
According to the column, â€œThe bill allocatesÂ more funding for this bureaucracy than for theÂ Army, Navy, Marines, and Air Force combined (90-92, 174-177, 181).â€
This is why Iâ€™m bullish on China and bearish on the United States. China is reforming while the United States is becoming less market oriented and more socialist.
Forgive me if I donâ€™t want some idiot in Washington telling my doctor (Dr. Mark Ricketts) how he can treat my latest sinus infection.
The political stupidity doesnâ€™t stop there.
GM loots treasury to help South America
General Motors will use federal bailout funds to spend $1 billion on a plant in Brazil. That is right, Brazil, according to this report from the Latin America Herald Tribune.
All the hoopla about saving American jobs as justification for the bailout goes right out the window. The carmakerâ€™s plan to use federal funds out of the country shows the real reason for the bailoutâ€”to help an incompetent company against its competent competitors.
Need a sports analogy? Think the NFL. The NFL punishes successful teams by rewarding them with lower draft choices. In the economic reality of today, Michigan is rewarded at the expense of better run companies located in Alabama.
Today, Alabama car companies like Honda, Toyota, Mercedes and Hyundai are punished for making a product people actually want to buy.
It is perverse, but welcome to the new America. You can thank President George W. Bush and President Barack H. Obama.