Thursday, October 2, 2008

This bail out is not Capitalism. It is Socialism...


This bail out is not Capitalism

Last night on October 1st, 2008, the US Senate voted 75% in favor of the Wall Street Bailout according to the New York Times, CNN, Fox News etc. This bail out is not Capitalism. It is Socialism and borders on Communism. Both presidential candidates voted in favor of the Bill. We will see how the House votes on Friday. If the U.S. government votes to force this outrageous legislation on the middle class and moves Capitalism towards Socialism, what is our excuse for not moving to a single payer health care system that is universal in nature and would identify every single person living in the United States? With single payer, rich and poor United States citizens win together, saving as much as 50% for health care, not to mention the opportunity it will afford us to identify illegal immigrants who are financially stressing out our health care system.

Americans need affordable health care, not to bail out rich executives on Wall Street. Why should a CEO who earned hundreds of millions of dollars on the way to bankrupting their company receive an exit package at all? Careless, fat CEO’s cost Americans hundreds of thousands of jobs if not millions. The CEO’s who caused this mess should proportionately be bailing out this economic mess created by their incompetency and greed.

The U.S. will become a financial fatality…

The cost of a single payer U.S. health care system looks cheap in comparison to this Wall Street bail out. Main Street, or the middle class, will probably be paying for this legislation for many years. As I’ve pointed out in my book (“The War on Medical Terrorism”) the costs of postponing the move to single payer and not fixing the way medicine is practiced, from reimbursement to administering care, will bankrupt our nation. The U.S. will become a financial fatality…a calamity from poor management and a lack of vision. U.S. Gross Domestic Product will be monopolized by the coming health care crisis, should we choose to ignore the problem. Without single payer, the U.S. will not be prepared to compete in this new, highly competitive global economy.

That next U.S. government bankruptcy is rooted in health care…

That next U.S. government bankruptcy is rooted in health care and will dwarf our current economic woes. By the way, no other country will care. U.S. health care is not the same as our global financial markets. If the U.S. does not move to single payer within the next 5 years, the financial corruption in health care will overtake the actual benefits Americans need desperately. More CEO’s get richer and health care in America deteriorates. Keep in mind that a hand-out in America because you have fallen on hard times is acceptable. That is why these social programs exist. The expectation is that every working-age American will at least try and make the effort to work and contribute to our great country. Are all American political policies only reactive or can we become proactive and stand up for the majority of Americans?