Pelosi, the Cheshire Cat

The Worst Bill Ever
Epic new spending and taxes, pricier insurance, rationed care, dishonest accounting: The Pelosi health bill has it all.

http://online.wsj.com/article/SB10001424052748703399204574505423751140690.html#articleTabs%3Dcomments

Pelosiland is like the world of the Cheshire Cat - a world of make believe - except of course for unemployment.

Clearly Congress was oblivious to the housing bubble because they fought so hard to turn a blind eye to Fannie and Freddie's role in all of it, etc.

And, from the reports on companies listing (or, one should say "not" listing) on American stock exchanges, and of course the well-noted planned high taxes on business owners, it just perplexes one where the Democrats expect jobs to come from?

Maybe they are confident the US will be happy with the French model of overstaffed government-owned enterprises? And, maybe their actions with respect to GM and Chrysler give a clear indication of this - although Obama foreswears the opposite? Are these really puzzles?

It sure feels good to have low or no cost healthcare! Just like retirement at age 50, etc.

I know lots of people who retired in the last ten years who are beginning to have concerns about the next 20 to 40.

Even though consumer sentiment is weak, my guess would be that most people are like members of the UAW - they are in for the immediate grabbing of benefits with apparent total ignorance of the long-term impact of such taking.

Maybe money can be endlessly bestowed on the US economy by the Federal Reserve and foreign central banks trying to preserve the relative value of their currency, but nothing goes on forever.

There was a rude wakeup call to housing prices not having only one direction. But that was only part of the economy. Now, we're dealing with the dollar itself. Can we say - let's hope not Zimbabwe.