Some of the banks (JP, GS) actually MADE more profit by putting insurance on their triple A rated toxic junk and then touted these derivatives as 100% pure gold, materially misrepresented them, perpetrated fraud upon the general populace and then made bets against their own books. For every failed mortgage they got paid twice, once for the insurance (AIG) and once on the short sell!!! Now AIG has a blank checkbook full of checks payable by the US Treasury which basically means YOU and ME are going to pay those big banks for their failures!!
Further Proof the Tea Party is anti American
- Thread starter dukeanthony
- Start date
not necessarily. check out the aluminum industryAnti-trust laws for one.
correct ever since the government got involved. ever wonder why in other fields technology has reduced the costs but medicine is different.The cost of medical care rises every year.
Medicine is cheaper north and south of us, why?<< quit ignoring this
reality check sport. You missed the point again. QUALITY meaning customer satisfaction of the ones who received the care the US was tops. The problem is the costs of the care. THAT was in the same report you quoted and where I got my information.Also, the World Health Organization did a study in recent years that puts the US as the 37th ranked healthcare system. France ranks 1st, second is Italy, Spain is 7th, Japan is 10th, Greece is 14th, the UK is 18th, Switzerland ranks 20th and Germany 25th. ALL of those countries have universal systems.... Funny how what you typed in your post, isn't reality.
Did you notice that the life expectancy of the USA was lower than many countries? Did you also notice the obesity rate of Americans was the worst?
but when you took out homicides we were number one in life expectancy. USA ~30 percent, Japan ~3 percent yet when you take out homicides we live longer. That speaks volumes about how good the actual care is here.
Those two things have nothing to do with healthcare. All it tells us is we are too fat to dodge bullets.
That same report mentioned Canada had less low weight baby births than the USA so we were worse. Ignoring the fact that of those low weight births the USA had a higher survival rate. (the main reason our low birth baby rate is higher than it "should be", anchor babies. That wasn't in the report either)
you keep scratching the surface and taking the word of the first thing you hear. Haven't you learned yet? Everyone has their own agenda and quite often that agenda isn't the truth.
thank you for proving my point, the costs are too high. The reason costs are too high is government intervention.Why do people come here for certain treatments? Our OVERALL system is terrible, although we do have a few of the best hospitals in the world. Wealthy people from other countries (like the Saudi King) come here for care because they can afford it... But how is availability for the wealthy an indicator of overall success within a healthcare system? It's not, as evidenced by the US's poor overall rating. I mean, if a rich guy can get the care he needs but millions of poor and middle class American citizens DONT EVEN HAVE health insurance to get themselves care, that is not indicative of a great system.
Many of the poor are covered. Once they go into a emergency room they get signed up for government coverage. The main people who are hurt are the middle class since they don't qualify because they earn too much. That wasn't the case before when government stayed out of the medical field.
"In 2003, a BlueCross BlueShield Association study estimated that about 14 million of the uninsured were eligible for Medicaid and SCHIP. These people would be signed up for government insurance if they ever made it to the emergency room."
sigh.. so it's okay to pass the problem on right? you even said it "no matter how, with no regard".Of course they do. If a "bank" (lots of morgage institutions of the 90's weren't banks) can manage to secure a note from someone - no matter how, they can sell the note with no regard to how it will be paid and who they originaly sold the note TO. It become someone elses problem. That happened all the time during the bubble. You need to educate yourself on the specifics of the morgage industry.
Like I said, and what you ignored, the free market does not make those loans. The lending institutions (is that better than saying banks,happy now) made them because the knew they were insured by government.
You need to educate yourself on how the free market works. If we followed the free market those loans are not made AND we have no bubble that crashes and ruins the economy. Treat the cause not the symptom.
When regulations don't work and cannot be enforced why is the answer from the regulation advocates more regulation?So.... If regulations don't result in perfection than the regulations are completely ineffective. Why do anti-regulation people always make the same wrong argument?
For the most part you let companies rise and fall on their own accord. You make them responsible. By taking away the responsibility you hurt the consumer. We see the same thing in the education field. Big government has its mitts all over educating our children instead of leaving it in the hands of locals who can actually make changes that fit their scenario. Is it any wonder parents have shirked their share on educating their children?
Regulations need to be made by locals not inefficient one size fits all federal government.