Back in April, it was Pravda, believe it or not, the Russian News service that warned the end of American Capitalism was very near:
The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe…. Again, the American public has taken this with barely a whimper but a “freeman” whimper.So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set “fair” maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? …The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.
The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.
That Pravda writer may have been a bit premature, because the death of American Capitalism began for real last night, while everyone was sleeping:
Health Care: Democrats on the take and in the dead of night pass an execrable piece of legislation that they haven’t read, the public doesn’t want and only socialists could love. What has happened to this country?
If we hadn’t stayed up past midnight Sunday, we wouldn’t have known what was going on. Here we thought a vote on the proposed health care overhaul wasn’t going to take place until Thursday night — Christmas Eve.
But there they were, the United States Senate, at 1 a.m. Monday, rushing to vote in the middle of a snowstorm to close debate on the most important piece of legislation of our time — the nationalization of the U.S. health care system. And we’ve been scrambling ever since to make sense of it.
Let’s see if we have this right:
• This was a vote on a Democrat-concocted scheme that Americans have rejected every time it’s been proposed for 100 years and that is opposed again, by 54% to 41% by the public at large, by 2-to-1 by practicing physicians and by every last member on the Republican side of the aisle.
• The vote was taken without any members having read the main 2,074-page bill, let alone the 383 pages of amendments that were tacked on at the last minute to buy off senators, including Nebraska’s Ben Nelson, Louisiana’s Mary Landrieu and Vermont socialist Bernie Sanders.
• Despite growing public opposition, Democratic members had the nerve to call those who questioned their monstrosity “obstructionists” and worse. Rhode Island’s Sheldon Whitehouse called health care bill foes “birthers,” “fanatics” and “people running around in right-wing militia and Aryan support groups.” Is this what Democrats meant when they said they seek bipartisan solutions to the nation’s problems?
• The bill contains at last count 18 new taxes totaling an estimated $406 billion — including significant new levies on those earning less than $250,000, a major breach of Obama’s pledge not to raise taxes by “one penny” on those in that income group.
A family of four that refuses to buy into a “qualifying” health insurance program will pay a “surtax” of as much as $6,750. At the same time, the Congressional Budget Office estimates that health insurance premiums will nearly double by 2016.
As the nonpartisan Institute for Research on the Economics of Taxation put it, “The House and Senate health care bills contain enormous tax hikes to accompany massive increases in government spending.”
• Spending under the package, which Democrats vowed will “cut costs,” will in fact increase. The Centers for Medicare and Medicaid Services estimates that total health care spending will rise by $289 billion from 2010 to 2019. That’s a lowball guess. Once all the budget gimmicks are removed, the real 10-year price tag is at least $2.5 trillion, Senate Budget Committee staffers say.
What’s truly frightening about this bill isn’t what it does, but what it sets us on course to do. Democrats have long said they see this bill as a first step toward a total takeover of U.S. health care, regardless of the consequences.
The bill’s requirement that Americans buy insurance is a major step toward that takeover. It’s the first time in our nation’s history the government has made Americans buy something. Get used to it. It’s going to become a pattern.