The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.
(H/T – Charlie Sykes)
Enjoy as ABC News (soon to be Fox News) correspondent John Stossel explains why health insurance makes health care a lot more expensive…
[youtube]http://www.youtube.com/watch?v=3WnS96NVlMI[/youtube]
Those of you who went to AFP-WI’s Health Care Townhalls already know the specifics, but it doesn’t hurt to hear them again.
(H/T – Michelle Malkin)
Investor’s Business Daily reports that, in its latest IBD/TIPP poll, 45% of doctors surveyed said that they would consider leaving their practice or retiring early if a Democratic version of health care reform were passed. They also found that 65% oppose the plans the Democrats have out there, and 71% (or 72% whether one believes the graphic or the text) don’t believe that 47 million could be added to the insurance rolls under government control with higher-quality care for less money.
Let’s focus on those who would leave early. Early last year, The Monster took a look at what happens to the supply-demand curves when government interferes with prices. The same principle exists when supply is artificially-tampered with.
First, let’s restate what happens when the supply of a service and the demand of same are in harmony. The price and quantity are at an equilibrium, as shown by this graph from Monster:
Note where the supply curve (S) and demand curve (D) meet. That is the point of equilibrium, with a specific price (P) and quantity (Q).
Now, let’s take a look at what happens when the quantity is artificially-capped below the equilibrium point:
Because the supply does not meet the demand, there is a shortage. The red line connecting the supply curve and the demand curve represents said shortage, with a corresponding increase in price once the two meet.
Of course, that assumes that prices will be allowed to rise to meet the demand. What happens when both the quantity and the price are artficially-capped? Let’s take a look:
The blue line represents an unmet shortage. If you prefer to use a single word for that, “rationing” would be a good choice.
Revisions/extensions (9:58 am 9/16/2009) – Shoebox pointed out last month that even if no physicians departed early, we would be 13% short on the required number of physicians the day that ObamaCare goes into effect. Talk about your uh-oh moments.
Headlines from this morning’s Drudge Report:
U.S. RIFT WITH EUROPE OVER CLIMATE DEAL…
ObamaCare: Dem Senator Warns of ‘Big, Big Tax’ on Middle Class…
White House collects Web users’ data ‘without notice’…
Obama Admin: Cap And Trade Could Cost Families $1,761 A Year…
CLINTON CONCERN ABOUT NEW WEAPONS TO VENEZUELA; ARMS RACE…
Amongst other items, Obama ran promising that the bottom 95% of income earners would not see $.01 of tax increases. He also claimed that other countries would once again listen to and respect us. Funny none of that seems to be happening. Finally, Obama claimed that he would heal the country’s “racial divide” and be the first “post racial” president. Jimmy Carter doesn’t think so (video at the link)
I live in the south
Is Carter’s statement of credibility for being able to discern when people are opposed to someone’s race as opposed to someone’s destructive national policies.
According to Rasmussen, President Obama was elected gaining nearly 53% of the popular vote. On the day he was inaugurated, President Obama enjoyed a favorability rating of 65% and a net positive rating of 28%. This morning, President Obama’s favorabilty rating is just 49% and he has a net unfavorable rating of 6%. Obviously a change of this magnitude begs the question: What has changed? Does Jimmy Carter and the other Democrats who echo the “racism” charge believe that nobody noticed the color of President Obama’s skin on January 21st? Does Carter and others, believe that Obama’s skin color has changed in the past eight months?
In this case, resorting to a charge of “racism” shows that the Democrats are short on ammo. They are firing their final, desperate rounds in an attempt to prevent or forestall an over run of their positions by a populace backlash.
In the specific case of Jimmy Carter, it’s interesting that he relies on his southern heritage for his credentials. It seems to me that rather than his heritage, Carter need no more reason than “it takes one to know one” for his charge of racism.
I think the words of the famous philosopher Mr. T sums up Carter’s take perfectly,
I pity the fool!
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