Nationalizing healthcare or healthcare insurance is pretty much off the table at this point no matter who gets elected. Wall Street put the brakes on that very quickly by removing any prospect of getting it funded. Who says you have to spend money on lots of expensive lobbyists to kill social programs. You just need to create an environment which mandates your bigger, more urgent social program.
How to trade the bailout? Go long healthcare.
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I’m too long already. Didn’t read.
long enough read already
i didn’t know what would kill it, but i’m glad something did.
Au contraire. If there is money for this boondoggle, there’s money for healthcare. Since the taxpayers are sending the very rich 700bn of their money they will take it all back by increasing marginal tax rates and funding something that helps the middle class for a change, unlike iraq, unlike this bailout. Obama is just biding his time, say hello to 60% taxes over $60k. About time too. Don’t like it? Move to Canada, Mexico or France for all I care.
Ehh…we could also cut military and ag spending.
Thank God, I work in the medical device industry and nationalized healthcare would bulldoze us by driving our customers out of business.
We sell heavily in Europe as they have already destroyed their own medical companies…. now if they could only drive the dollar down further then we’ll really rake in the $$$$.
wtf are you smoking, kid?
“Move to Canada, Mexico or France …. ”
Real hotbeds of capitalism and reasonable tax rates.
Short run: yes. Long run, this probably improves the chances for universal healthcare. Hard to argue against nationalizing healthcare once the economy recovers after you spent $700 billion (everybody knows that number is going to creep up) nationalizing the mortgage, banking, and insurance industries.
Vive la France!
#8 my point exactly, where you gonna go if the common man in the US finally sees the light? I’m not buying the “white flight” argument vis a vis raising taxes. The rich will get soaked and will grin and bear it because they would have had it a lot worse in any other place they’d actually care to live.
#9 700b is just for TARP, add in AIG, Bear, Fannie etc.. we’re over a trillion dollars of corporate and fat cat welfare queen spending
@4 Iraq War has helped the middle class, lower class, upper etc. Everyone is safer because we are spreading freedom & democracy to the savages. We haven’t been attacked since 9/11 due to Cheney, err W’s vigilance. We are much safer because we are fighting the evildoers in Baghdad rather than Brooklyn.
No more bailouts for you greedy fucks. Time to let everyone go bankrupt and the market can sort it out – just like it is doing with Lehman. Treasury + Fed is full of shit and just trying to save their friends.
Ayn Rand = EP
@4 Iraq War has helped the middle class, lower class, upper etc. Everyone is safer because we are spreading freedom & democracy to the savages. We haven’t been attacked since 9/11 due to Cheney, err W’s vigilance. We are much safer because we are fighting the evildoers in Baghdad rather than Brooklyn.
@4 Iraq War has helped the middle class, lower class, upper etc. Everyone is safer because we are spreading freedom & democracy to the savages. We haven’t been attacked since 9/11 due to Cheney, err W’s vigilance. We are much safer because we are fighting the evildoers in Baghdad rather than Brooklyn.
@4 Iraq War has helped the middle class, lower class, upper etc. Everyone is safer because we are spreading freedom & democracy to the savages. We haven’t been attacked since 9/11 due to Cheney, err W’s vigilance. We are much safer because we are fighting the evildoers in Baghdad rather than Brooklyn.
Why is DB not liveblogging the bailout hearings? It seems worth covering, does it not?
Equity Private has a full-time gig, so he/she prob can’t do it.
@ 14/15/16
If you believe that the Iraq war has been of any assistant to anyone but military contractors i have some MBS at “hold to maturity” prices especialy for you!
When the “evildoers” start fighting for Brooklyn, call me and I’ll come over and help you whoop their ass, even though I can’t imagine why anyone would want the utopia that is Brooklyn. If you read history you’d notice that the Romans kept saying the same thing until they bled themselves dry and bankrupt and got run over. If you watched the olympics and saw the chinese infrastructure and compared it to Brooklyn you’d realize we’re about to become the third world because we’re not spending a dime at home. The “savages” don’t want to attack us because we’re a peace-loving freedom-loving people but because we keep telling them at gunpoint that they should run their societies for the benefit of our corporations and then keep bailing those same fuckers out.
I’m tired of working harder than any other fuck in the western world for an increasingly lower standard of living so that the dogmatics can live in their ideological garden of eden. Basta!
@19, not agreeing or disagreeing with your overall point(s), but I dont think anyone would hold Brooklyn up as a pinnacle of American achievement…
@4
Au contraire! Don’t have to move. All I need to do is close my company, dump my capital into Muni bonds and time the sales of my stock so as to take advantage of capital gains taxes. Presto! The Feds will lose all or most of the tax revenue I used to generate and my employees (i.e. “the middle class”) will be looking for a job. I will be on a beach somewhere taking my first vacation in years. The only thing I’ll be soaked in is sun rays and Margaritas while you will be soaked in sweat from the labour of growing your own food.
#21 be my guest, better hustle before obama changes the IRC though.
@4
Au contraire! Don’t have to move. All I need to do is close my company, dump my capital into Muni bonds and time the sales of my stock so as to take advantage of capital gains taxes. Presto! The Feds will lose all or most of the tax revenue I used to generate and my employees (i.e. “the middle class”) will be looking for a job. I will be on a beach somewhere taking my first vacation in years. The only thing I’ll be soaked in is sun rays and Margaritas while you will be soaked in sweat from the labour of growing your own food.
TRUST ME, the evildoers will attack Brooklyn, and anywhere else in the U$ if we don’t get them first! We must be vigilant against the enemies of democracy. They hate us because we are free. Better to fight the evildoers in Baqubah than Baltimore, Samarra than San Diego, Kirkus than Kansas, Irbil than Indianapolis, Mosul than Miami, Al Kut rather than Arizona. We are much safer because we are over there than over here. I can sleep at night. You should be more appreciative of those who protect your lavish lifestyles from the enemies who want to destroy us.
EP = Grover Norquist
“I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.”
But things have turned in a perverse direction. Now EP has to accept that as long as the government is inflated only to support the financial evil-doers, it will have the same effect that Grover wants, without the drowning. So now EP has seen the light and loves Paulson and Bernanke also (but not Cox, he’s a moron).
Don’t go long health care, look what happened to home builders.
re Brooklyn: UES guy here, but I can understand its charms. Think of all the nabes: brownstone, hipster, orthodox, russian, russian orthodox. Its either suburban or city, whatever suits you. All within 30 mins of wall street. No stop s**tting on Bkln. Or my grandmother’s gonna whack you with her spaghetti pot.