It’s Beginning to Look a Lot Like Christmas… for Big Business
Originally published at Daveism. Please leave any comments there.
I don't normally read Salon, that bastion of left-wing liberalism, but a lot of points made in this article ring too true to be an entirely slanted take on the matter:
It's time to buy some health insurance stocks (like Humana (HUM)). A healthcare bill that provides no public option or expansion of Medicare, yet mandates that citizens buy a plan if they don't already have one, is a nightmare for private citizens and a windfall for the health care industry. Some CEOs are going to be buying bigger yachts in 2010.
More importantly, my faith in Obama isn't just shaken-- it is shattered. I've managed to overlook the appointments of fat cat Goldman Sachs men to run the Fed and Treasury. I've managed to overlook that the White House did not press for any regulatory concessions as part of the bailouts, and are only talking about it as a token gesture now that they're losing their leverage. I shrugged when most of the bailout paid to AIG went directly to Goldman Sachs as compensation for credit default swaps, and the White House said nothing. I overlooked the increased war spending and the continued contracts being awarded.
But finally I have come to a point where I can't overlook it anymore. Obama is in the pocket of big business. When I voted for him, I did so because I felt he was intelligent and had the best interests of the country at heart. Well, I guess one out of two ain't bad.