Universal Health Care Fails After Just 7 Months

Hawaii is dropping the only state universal child health care program in the country just seven months after it launched. Gov. Linda Lingle’s administration cited budget shortfalls and other available health care options for eliminating funding for the program.

Universal Health Care expensive? Who could have forseen that? I mean, insurance costs were vastly different way back in -uhm- January when this program was setup… Officials were also shocked to learn that people were chosing free insurance over paying for it themselves:

A state official said families were dropping private coverage so their children would be eligible for the subsidized plan. “People who were already able to afford health care began to stop paying for it so they could get it for free,” said Dr. Kenny Fink, the administrator for Med-QUEST at the Department of Human Services. “I don’t believe that was the intent of the program.”

Now the best part is this: Even with the “cheating” going on by the people supporting the program with their tax dollars, only 2000 children were actually being covered by the state – and more half of the cost was actually being covered by the insurance company.  Meanwhile “experts” still estimate that 3-16,000 kids lacked health care amist a FREE universal program.  (i want a job where i get to just make up unverifiable numbers too!).  Now if the experts are wrong, we don’t actually have a problem – however – if they’re right, apparently U.H.C. did little to solve the problem while maxing out the budget.

Oblivious of the results of the program, Democratic Sen. Suzanne Chun Oakland spouted the following platitude:  “Children are a lot more vulnerable in terms of needing care”. I think the Senator should also mention that  “dumb people struggle more in school” and that “punching puppies is down right mean”.

Government “Helps” Dow Find The Bottom

In an attempt to solve a problem created by government interference with the free market, the government has promised $700 Billion of additional “help” (minus a considerable amount of pork to get this “absolutely necessary” measure passed).   The market’s reaction? Sell, Sell, Sell! Apparently the greedy wall street bastards have less confidence in the government powers and promises then -well- the government’s own view.

The DJIA is not a perfect measure of the market but it’s an easy reference point.  Here are the closing of the Dow for the last few weeks:

Date Dow Change Notes
Mon, Sep 15, 08 10,917 The week before
Tue, Sep 16, 08 11,059 142
Wed, Sep 17, 08 10,609 -450
Thu, Sep 18, 08 11,019 410
Fri, Sep 19, 08 11,388 369
Mon, Sep 22, 08 11,015 -373
Tue, Sep 23, 08 10,854 -161
Wed, Sep 24, 08 10,825 -29 President Bush proposes $700B bailout
Thu, Sep 25, 08 11,022 197
Fri, Sep 26, 08 11,143 121 Democrats claim they have an agreement
Mon, Sep 29, 08 10,365 -778 House Republicans rejects first bill
Tue, Sep 30, 08 10,850 485
Wed, Oct 1, 08 10,831 -19 Senate passes revised bail out
Thu, Oct 2, 08 10,482 -349
Fri, Oct 3, 08 10,325 -157 House passes revised bail out; Bush signs
Mon, Oct 6, 08 9,955 -370
Tue, Oct 7, 08 9,447 -508
Wed, Oct 8, 08 9,258 -189
Thu, Oct 9, 08 8,579 -679
Fri, Oct 10, 08 8,451 -128

Note that in the week and a half before this “crisis” was declared such, the Dow dropped 92 points.  In the week and a half that the government displayed its competence at promising help without mentioning how we got here, the Dow dropped another 500 points.  And in the sole week since the ill-conceived  solution became law the Dow has plummeted another 1874 points.

How many billions will it cost tax payers to bail us out of this bail out?

UPDATE: Another week and the Dow has “recovered” to 8852.  Only another 2000 point gain is now needed to get us back where we started…

Republicans & Class Warfare

A thought provoking Op-Ed by David Brooks:

Modern conservatism began as a movement of dissident intellectuals. Richard Weaver wrote a book called, “Ideas Have Consequences.” Russell Kirk placed Edmund Burke in an American context. William F. Buckley famously said he’d rather be governed by the first 2,000 names in the Boston phone book than by the faculty of Harvard. But he didn’t believe those were the only two options. His entire life was a celebration of urbane values, sophistication and the rigorous and constant application of intellect.

Driven by a need to engage elite opinion, conservatives tried to build an intellectual counterestablishment with think tanks and magazines. They disdained the ideas of the liberal professoriate, but they did not disdain the idea of a cultivated mind…

But over the past few decades, the Republican Party has driven away people who live in cities, in highly educated regions and on the coasts. This expulsion has had many causes. But the big one is this: Republican political tacticians decided to mobilize their coalition with a form of social class warfare. Democrats kept nominating coastal pointy-heads like Michael Dukakis so Republicans attacked coastal pointy-heads…

I think Brooks is quite mistaken to use “republicans” and “conservatives” interchangeably. While is commentary on the GOP is pretty spot on, conservatives by and large have been left behind by both parties – at least on the national level.

SNL Bailout Sketch

SNL had a funny and truthful sketch. satirizing the bailout mess. If your Tivo missed it youc an watch it below. Apparently it hit too close to home because it’s been yanked from the NBC web site… funny how that never seems to happen when the Republicans are at the brunt of the joke. A few quick facts before the sketch:

  • The couple Herbert and Marion Sandler is actually true to life. They created a sub-prime mortgage company that they sold to Wachovia for $24.2 billion
  • Our readers should already be aware that Bush (and to a lesser extent McCain) warned about Freddy & Fannie only to be defeated by the Democrats led by Barnie Frank
  • I’m sure Soros is making bank on this crisis (tho not all $700B), but lets not forget Warren Buffet who grabbed a $5B piece of the pie at a guaranteed 10% return forever at a time when most stock holders are feeling ill. Which is great (i love capitalism as much as anyone), but  remember that the next time he gets preachy on “fairness” and “equality” amongst the classes.

I also found it funny that SNL sooo often makes fun of Bush’s intelligence that they had to have another (Democratic) character confirm that he was right so you didn’t miss the joke. Now enjoy the 8 minute show:

The feed from YouTube keeps getting put up and yanked so here’s another source:

Is Iraq “Civil” War Over?

The following comes from the Wall Street Journal:

Good news out of Iraq is becoming almost a daily event: In just the past week, we learned that U.S. combat fatalities (five) dropped in July to a low for the war, that key leaders of al Qaeda in Iraq have fled to the Pakistani hinterland, that troop deployments will soon be cut to 12 months from 15, and that Washington and Baghdad are close to concluding a status-of-forces agreement.

Now this: Shiite cleric Moqtada al-Sadr plans to announce Friday that he will disarm his Mahdi Army, which was raining mortars on Baghdad’s Green Zone as recently as April. Coupled with the near-total defeat of al Qaeda in Iraq, this means the U.S. no longer faces any significant organized military foe in the country. It also marks a major setback for Iran, which had used the Mahdi Army as one of its primary vehicles for extending its influence in Iraq…

In many respects, the story of the Mahdi Army’s decline follows the same pattern as al Qaeda’s: Not only was it routed militarily, it also made itself noxious to the very Shiite population it purported to represent and defend. It enforced its heavy-handed religious edicts, coupled with mob-like extortion tactics, wherever it assumed effective control. The overwhelming Shiite rejection of this brand of politics is another piece of good news from Iraq, as it means that Iraqis will not tolerate Iranian-style theocratic rule. It is also an indication that Iraqi politics is developing in a healthy way. (emphasis added)