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February 1, 2009
The Facts
Wall Streets “Free Marketeer” (until he’s not) Larry Cudow of CNBC was making fun of the Obama administrations new task force for middle class America. In response to Vice-President Biden saying that a web site had been created for transparency into the task force’s initiatives, Cudlow made the statement that he, Cudlow, was going to start “a web site for rich people”. In fact, he not only said it once but several times, and he continuing using that sarcastic remark as his going off the air comment.
My View
I’m not quite sure why Larry Cudlow would want to do such a paltry thing. First off, the rich people of America already have their own political party; Republican. Second, they already have their own around-the-world news organization; News Corporation, owned by Rupert Murdoch. Third they have their own TV news network; Fox News, owned by News Corp. And finally, they have their own business channel (not counting Fox’s Business Channel); CNBC. All of these are extremely high profile. So why even go to the trouble to set up yet another web site for the rich that will just be buried amongst the tens of millions other web sites?
Naturally, Cudlow wasn’t serious (or maybe he was); he’s just continuing to express his personal convictions that the only thing middle America is fit for is to be humble servants (slaves) to the wealthy and wealthy corporations. Oh, yea; and to work at laborers jobs in order to provide tax money to be handed over to his rich friends on Wall Street.
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Dear Larry, I think you are way off base on your assessment of GM. I think it is really irresponsible to just write off the best and used to be biggest manufacturing company in the U.S. This company will make a comeback if left alone by commentators. Many people do not now buy U.S. automobiles based on comments by your and others which is wrong. If you really don’t like this country why don’t you just move somewhere else. There has been way to much bashing of American companies. How about a little flag waving and Buy American sentiment. Yours Truly, Jerry McAnnally
Isn’t the law of supply & demand raising the price of American healthcare ? We have aliens ( legal and illegal ) flooding the US healthcare system. Anyone walking into a US hospital emergency room HAS to recieve care…by law .
1) An uninsured US citizen recieving free care raises the cost for the rest of us . But that’s probably not a significant number of patients . We could absorb that . BUT!!!!! add to that number .
2) Legal aliens in the US also get that same free care ….at our expense .
3) Illegal aliens get that care…….and we pay for it .
4) There IS another group that STILL contributes to rising costs ..foreigners from socialist coutries that come here for BETTER care . Even if they PAY for it themselves they are STILL raising the price of healthcare in the US …while LOWERING the cost of healthcare in their mother country …..BECAUSE OF THE LAW OF SUPPLY & DEMAND .
I am NOT saying we should just let those people go unhelped . But this IS a significant dynamic that is overlooked . HOW MANY foreigners ( NUMBER and PERCENT ) recieve healthcare in the US ? Even if they pay for the healthcare themselves ..the foreigners are still raising the price for everyone ….due to the law of supply and demand .
Blaming the rising costs of healthcare on fat , lazy , smoking , junk food eating Americans is probably one of the biggest lies ( maybe a coverup ) ever put out . Certainly FEWER Americans than EVER are smoking…more are exercising, more are healthy diet concious than ever before …and healthcare costs are still rising . Americans are WAY TOO willing to let ALL problems be blamed on them . Maybe the American healthcare system is the victim of its own success .
Maybe healthcare costs are risng in America precisely BECAUSE we are the best in the world ……AND we are too compassionate to turn anyone away .
Have an economist work on this and tell us …” What percetage of upward pricing pressure on healthcare in the US is due to foreign DEMAND for US healthcare ” . Then throw in all the free healthcare and see what you get .