President Obama's public health/insurance proposal has been bugging me. Something seemed dreadfully wrong, but I wasn't able to pinpoint exactly what... until now; he paints a pretty picture, but neglects to tell us about the downside.
Consider that if this health care proposal was held to SEC standards, Obama's prospectus violates the main requirement of fully describing all foreseeable ways the investor could loose their money.
Every smart investor studies all the possibilities as to how their investment can turn sour; that's the first thing they look for.
Perhaps this explains why Warren Buffet now describes said plan as having potential to turn America into a Banana-Republic. He looked behind Obama's pretty picture, and saw the disturbing downside truth.Mr. Buffet became a billionaire on "slow growth" stocks. That's always fascinated me, for it's in stark contrast to those of us, who want to "get rich quick" - yet never do. President Obama wants us to invest in his "one-time-only-offer" health/insurance plan right now! Today! Hurry!
Mr. Buffet recommends we don't. Hummmm, ok. I've made up my mind. I'll take Mr. Buffet's recommendation.
Very interesting and good analogy. My bottom line is health care is not defined as a duty in Art. 1 Sec. 8 of the Constitution, the duties of Congress. For that matter, I don't see anywhere in the C where the govt. is to be a provider, e.g., welfare, education, breakfasts for children, etc. Therefore, the Congress is violating their oath in which they swore to uphold the C. Should be no discussion on healthcare. It's mute pt. Unfortunately, most Americans are not familiar or don't understand the Constitution. Yes, I saw the article yesterday by Buffet. I always listen to what he has to say. Ken Keil