Essential Economics for Politicians

[Bruddah IZ]

. . . and this is just the first case. With Trump's worldwide business dealings the conflicts of interest will be endless as foreign, and domestic, governments and businessmen strive to curry favor with the soon to be president of the United States of America. The wolf is already in the hen house and we let him in . . . welcomed him! Well, at least a minority (in the right states) voted him in.

The Fed Reserve Wolf has been in the hen house for quite some time now and there is nothing Trump can or will do about that.

 

[Hüsker Dü]

The Fed Reserve Wolf has been in the hen house for quite some time now and there is nothing Trump can or will do about that.

They may now be pointing at the wrong wolf for you to fear.

 

[Bruddah IZ]

They may now be pointing at the wrong wolf for you to fear.

They always do. Regardless of who is in the White House.

 

[espola]

Bravo!

Wouldn't the threatened 35% import tariff on Carrier products made in Mexico make more sense? Trump could even direct the tariff money be spent on make-work projects for the laid-off workers in Indiana.

 

[Bernie Sanders]

Wouldn't the threatened 35% import tariff on Carrier products made in Mexico make more sense? Trump could even direct the tariff money be spent on make-work projects for the laid-off workers in Indiana.

The stick never needs to be used if you know how to dangle a fresh carrot.
Incentives spur optimism, while penalties create distrust and pessimism.
The best thing the government can do, is take less.

 

[Wez]

"Trump warns that Companies shipping jobs overseas will be slapped with huge bribes!"

 

[Bruddah IZ]

"Trump warns that Companies shipping jobs overseas will be slapped with huge bribes!"

Government Business as usual.

 

[Bruddah IZ]

Wouldn't the threatened 35% import tariff on Carrier products made in Mexico make more sense? Trump could even direct the tariff money be spent on make-work projects for the laid-off workers in Indiana.

He could do that since Carrier products would become more expensive.

 

[Bruddah IZ]

“There is no such thing as a legitimate price for anything in healthcare,” according to George Halvorson, former chairman of Kaiser Permanente, the giant health maintenance organization based in California. “Prices are made up depending on who the payer is.”

https://fee.org/articles/how-to-repeal-and-replace-obamacare/?utm_medium=popular_widget

 

[Wez]

“There is no such thing as a legitimate price for anything in healthcare,” according to George Halvorson, former chairman of Kaiser Permanente, the giant health maintenance organization based in California. “Prices are made up depending on who the payer is.”

https://fee.org/articles/how-to-repeal-and-replace-obamacare/?utm_medium=popular_widget

Fix the cost problem, you fix the whole problem. I wish Price success and I also wish the GOP had spent one minute of time addressing the cost problem instead of just obstructing anything Obama was doing.

 

[Bruddah IZ]

Fix the cost problem, you fix the whole problem. I wish Price success and I also wish the GOP had spent one minute of time addressing the cost problem instead of just obstructing anything Obama was doing.

A government mandate to pay for other peoples health insurance while providing that $ame care for your Ohana will always be unpopular to say the least.

 

[Wez]

A government mandate to pay for other peoples health insurance while providing that $ame care for your Ohana will always be unpopular to say the least.

The system needed fixing, why didn't they participate? ACA fixed one problem, millions of uninsureds, it didn't fix the rising cost problem, which in the end, is the most important to fix.

 

[Bruddah IZ]

The system needed fixing, why didn't they participate? ACA fixed one problem, millions of uninsureds, it didn't fix the rising cost problem, which in the end, is the most important to fix.

ACA did not fix the uninsured problem because there are not enough "subsidizers" going forward.

 

[Wez]

ACA did not fix the uninsured problem because there are not enough "subsidizers" going forward.

It did, it just didn't fix the rising costs, so the whole thing can't work if we just let our healthcare system continue fucking us...

Admit it, US Healthcare is a total failure of free markets. This from a guy who is a fan of our free market system, just have to be able to admit where it's limitations are.

 

[Bruddah IZ]

It did, it just didn't fix the rising costs, so the whole thing can't work if we just let our healthcare system continue fucking us...

Admit it, US Healthcare is a total failure of free markets. This from a guy who is a fan of our free market system, just have to be able to admit where it's limitations are.

You're a finance guy. You know about ignoring risk. ACA ignores risk pools.

 

[Wez]

You're a finance guy. You know about ignoring risk. ACA ignores risk pools.

Risk pools are not an issue if everyone is covered. The problem is the "coverage" was/is too expensive.

 

[Bruddah IZ]

Risk pools are not an issue if everyone is covered. The problem is the "coverage" was/is too expensive.

....because of the risk pools. Same thing happened when sub prime loans were mixed in with

 

[Wez]

....because of the risk pools. Same thing happened when sub prime loans were mixed in with

No Biz, not because everyone is covered, it's the broken out of control costs in every part of our health system.

The financial crisis was fraud, not "risk pools".

 

[Bruddah IZ]

No Biz, not because everyone is covered, it's the broken out of control costs in every part of our health system.

The financial crisis was fraud, not "risk pools".

ACA is legitimized fraud.

 

[Wez]

ACA is legitimized fraud.

I disagree.