140. Economy Doomed

Sorry to bring you the bad news, but the Senate passed its all-Democratic Health Care Bill that will doom this economy. Actually, this was only the 60 required vote to put it on the floor for debate; however, Reid WILL use the nuclear vote to get it passed after a short debate and that requires only 51 ayes. What does this mean? Starting in 2010 many of the businesses (health care insurance, medical devices, drug companies, hospitals, etc.) AND you will be "penalized" instead of "incentivized" so the Dems can continue to spend on their earmark projects (like the $300M going to Louisiana to get that Democratic senator's vote today) -- I thought Health Care Reform was to LOWER costs. What Democrats don't want you to know is that all the businesses assessed will pass along the increases to you via premium hikes and income taxes, the business will start cost reduction measures, research & development will cease, people will lose their jobs, spending will be killed, businesses will reduce inventory and more people will lose jobs, small businesses will both cease creating a new business and bail out of ones started, more people will lose jobs, many more people that the 57M now will become uninsured, insurance companies and physicians and hospitals will not be able to handle the increases (can't handle the numbers today), waiting lines will start, health care will be rationed and benefits cut, the government will brag how effective they are controlling costs now that nobody can get service, the American economy will die and bring down all American businesses, China and Japan who own about 50% of our Treasuries will punt and switch to the Euro or Yuan currency, the dollar will be worthless, and we'll be in the worse ever Depression. We the People LOSE. This will go on for FOUR years before you see any Health Care offering. Oh, also beginning in 2010, Medicare will start to be ripped apart and seniors left to die. Also, don't forget that the government is also heavily invested in several industries (autos, banks, insurance to mention a few) that will have no place to hide without MORE BAILOUT money off the Democratic money press accelerating the deficit even more faster than expected. You thought $12T (actually $105T) was enough? $14.2T has already been predicted by the government BEFORE this catastrophic blunder.

I don't know about you, but I'll be leaving the stock market before the final Senate vote. The economy is doomed and job creation has just been ruled unimportant. I would appreciate any recommendations for new living arrangements outside United States. Sorry again for the heavy rain.