With the bankruptcy filings of both Chrysler and General Motors now complete (and with Ford still facing serious economic challenges), the Obama administration has transformed the U.S. government into the auto industryâ€™s largest shareholder, thereby effectively nationalizing the industry — the very definition of socialism.
That being done, the President — a longtime ally of the unrepentant domestic terrorist and socialist revolutionary Bill Ayers — has moved on to the next item on his agenda: the complete overhaul of our nationâ€™s health-care system. Â “Health-care reform is incredibly important not just for the American people but for the American economy,” said Christina Romer, chairwoman of the White House Council of Economic Advisers.
Let’s look at what kind of “good economic policy” Obama’s advisors are talking about. While most Americans have health-care coverage through employer-provided insurance plans, the costs associated with that coverage are going up and the employers are passing those costs on to their workers.
“If consumers were [previously] paying 10% of their insurance premiums, they are now paying 15% because employers are trying to bring down their own business expenses,” said said Richard Kipp, principal with health care consulting firm Milliman.Â “So that’s a 50% increase in the out-of-pocket costs. At the same time, the cost of health plans is also rising, and more employers are passing those increases to their workers as well. So, already, the employee is facing thisÂ â€˜double whammyâ€™ increase in their share of health care costs.â€
What is Obama considering? In essence, he proposes to tax these very sameÂ health-care benefits, something he campaigned hard against while running for president. The government has concluded that it could squeeze an additionalÂ $250 billion a year from an alreadyÂ overtaxed populace if it treated employee health-care benefits like wages and taxed them!
And like all of Obama’s objectives, this too must be done quickly, presumably before the American people have time to think it through.Â “This window between now and the August recess I think is going to be the make-or-break period,” Obama said. “This is the time where we’ve got to get this running.”
What we are running towards is the ruination of what has been the most miraculously effective health-care system in human history.