The stock value of health care insurance companies are at a 52 week high. These companies have spent hundreds of millions of dollars lobbying against health care reform. The reform basically has little cost containment. I hope that I am wrong, but I really don't see much in the health care bill that will keep premiums from increasing. So much for reining in the strength of the insurance companies. I still don't understand why these companies are exempt from anti-trust legislation. Nothing is going to change until we stop the flow of money from lobbying. So much for McCain-Feingold legislation. The wheels of both parties are still greased by millions spend by big busines. This is that gold standard: he who has the gold rules.
Financial institutions have given or planning to give $150 billion in bonuses this year. That is enough money to balance the budgets of all 50 states. This is a totally insane distribution of wealth in the US. States are laying off teachers. police and cutting programs to the bone. In New York, subway lines are being eliminated as well as other route cuts. As noted in my earlier notation, will anyone have the nerve to tax these bonuses?
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