Massachusetts goes for rationing? Update: Incentivizing profit over care?
posted at 12:15 pm on October 12, 2009 by Ed Morrissey
The Massachusetts adventure in health-care reform will take an entirely predictable turn in the near future, say providers within the network. The state panel intends to dictate a narrower network of providers for some insurance plans, which providers insist will result in a reduction of services to patients in hospitals and clinics. Massachusetts wants its citizens to choose second-tier hospitals and clinics to save costs, and plans to eliminate choice as a means to that end (via Instapundit):
The state’s ambitious plan to shake up how providers are paid could have a hidden price for patients: Controlling Massachusetts’ soaring medical costs, many health care leaders believe, may require residents to give up their nearly unlimited freedom to go to any hospital and specialist they want.
Efforts to keep patients in a defined provider network, or direct them to lower-cost hospitals could be unpopular, especially in a state where more than 40 percent of hospital care is provided in expensive academic medical centers and where many insurance policies allow patients access to large numbers of providers.
But a growing number of hospital officials and physician lead ers warn that the new payment system proposed by a state commission would not work without restrictions on where patients receive care – an issue some providers say the commission and the Patrick administration have glossed over.
“You can’t reap these savings without limiting patients’ choices in some way,’’ said Paul Levy, chief executive of Beth Israel Deaconess Medical Center. “It’s a huge issue, it’s huge.’’ Dr. James Mongan, president of Partners HealthCare, a Beth Israel Deaconess competitor, agreed that it wouldn’t “work without some restriction on choice.’’
Remember this every time Barack Obama and Democrats insist that we can keep our doctors and our hospitals if we like them, or that ObamaCare will not limit patient choice. The end result of state intervention and price fixing is always higher costs, followed by rationing. Insurance companies at least have competitive pressures keeping them efficient, but when prices get fixed by the state, that efficiency goes out the window. As costs escalate, the state intervenes in other ways to keep subsidies from skyrocketing, and this is the inevitable result.
The other option is to cut payments to the premier hospitals, which will force them to take fewer patients. The result of that approach will be very easy to predict. The best hospitals will take primarily those patients who can afford to pay their premium prices, leaving the poor and middle-class patients to get treated elsewhere. It will stratify health care much more than before Massachusetts enacted its “reforms”, giving the rich almost exclusive access to the best care. And thanks to lousy compensation rates, fewer new providers will be around to meet the new demand in second-tier care, meaning much longer wait times for the poor and middle-class patients.
This is a microcosm of what we can expect on a national basis if ObamaCare gets enacted. Will the media start reporting this in that context?
Update: Paul Hsieh, a physician himself, notes the curious incentive being applied by Massachusetts:
What the supporters don’t mention is that it also creates a tremendous incentive for physicians and hospitals to render as little care as possible. Under the Massachusetts proposal, if your care costs less than the annual allotment, then they keep the unused portion. If your care costs more, then the difference comes out of the providers’ pockets. Such a system thus pits your doctor’s interests against your own.
For the sake of argument, suppose your annual allotment is $5000 and you’ve already spent $4500 for that year. Now you go to your doctor’s office complaining of a severe headache. He examines you and says, “No, Bill, you don’t need a $1000 MRI scan of your brain. Just take two Tylenol and call me in the morning”.
Will you be 100% sure that he’s giving you unbiased medical advice?
And even if your doctor consistently and conscientiously acts for his patients’ best interests, he will inevitably find himself at odds with hospital administrators questioning whether this or that expenditure is appropriate[.]
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Hey Mitt, can you hear the fat lady?
flyfisher on October 12, 2009 at 12:18 PM
I think if they get down to something like 137 doctors in the state plan, the plan can break even.
Wait times may increase, however.
/
Vashta.Nerada on October 12, 2009 at 12:20 PM
Rationing is god for you. We will need sanctuary states that provide care for people that pay and don’t want rationing.
seven on October 12, 2009 at 12:22 PM
Whowouldathunkit.
PappaMac on October 12, 2009 at 12:23 PM
Very Interesting……….
BigMike252 on October 12, 2009 at 12:23 PM
If you like the state of Massachusetts you can keep the state of Massachusetts.
SHARPTOOTH on October 12, 2009 at 12:24 PM
“Just think of all the opportunity costs we’re saving you!”
SnowSun on October 12, 2009 at 12:25 PM
Paging Mitt Romney… your village needs you.
stenwin77 on October 12, 2009 at 12:26 PM
Awesomely awesome comment!
SnowSun on October 12, 2009 at 12:26 PM
Death Panels.
elduende on October 12, 2009 at 12:26 PM
See kids? This is what happens, when we let a bunch of former drugged up hippies, who’ve suffered brain damage run the country.
capejasmine on October 12, 2009 at 12:28 PM
This IS NOT going to end well.
PappaMac on October 12, 2009 at 12:29 PM
Iowa Straw Poll:
Palin 42%
A sack of old coats 36%
Huckster 18%
Thomas Dewey 8%
Romney -4%
mankai on October 12, 2009 at 12:29 PM
This might have its most profound effect on the Boston and Springfield populations since they take the premier hospitals for granted. Since the MA cities are the cause of MA’s endless years of Dem. control, maybe they’ll wake up? Nah!!!
jeanie on October 12, 2009 at 12:31 PM
Correct me if wrong, but doesn’t Congress primarily use Beth Israel for its members?
darclon on October 12, 2009 at 12:31 PM
Robert Reich called, he said that the great MA experiment is working just fine… and, oh, by the way “We’re gonna let you die.”
mankai on October 12, 2009 at 12:31 PM
I’m almost positive that none of the Mass Democrats saw this coming.
myrenovations on October 12, 2009 at 12:32 PM
Anyone need a life planner??? You know…. since you can’t possibly be smart enough to do it on your own.
A.R.R.O.G.A.N.C.E.
PrincipledPilgrim on October 12, 2009 at 12:33 PM
I guess I picked a bad time to get a cough since I live in the bay state.
I also must be off in my life expectancy guess today too.
Ah the results of Romneycare, lets nominate him instead of Sarah Palin shall we
petertheslow on October 12, 2009 at 12:33 PM
It’s a beautiful state. I’ve lived there all my life. The state government really sucks as do the elite liberals but the common folks are generally pretty good and like I said it’s a beautiful area with generally decent weather.
No jobs though and high taxes for nothing in return unless you don’t pay taxes.
RagTag on October 12, 2009 at 12:33 PM
Yet another reason for me to hold my head up high for this state of mine.
SIGH
But, not to worry. I have every reason to believe that the people of this state will continue to vote back into office the very same people that are doing this to us all.
ToddonCapeCod on October 12, 2009 at 12:33 PM
Are you sure that they are “former?”
farright on October 12, 2009 at 12:35 PM
Here’s what smart MDs are going to do: find some off shore location–Bahamas?– with favorable tax circumstances, and set up clinics and hospitals. Cash basis operation. They will be able to charge much less. No shortage of patients from nearby America and Canada.
MADgirl91 on October 12, 2009 at 12:35 PM
Forcing patients to second tier hospitals (just like they have in Kenya). Ah yes, the motto of the liberal/socialist – the pursuit of mediocracy is our motto. Everyone have a mediocre day, courtesy of Obama.
Old Country Boy on October 12, 2009 at 12:35 PM
Of course they will… because Republicans just want to throw old people on to the streets and reimpose slavery… as we conduct experiments on undocumented saints, er, workers.
mankai on October 12, 2009 at 12:37 PM
Democracy is the theory that the common people know what they want, and deserve to get it good and hard.
— H. L. Mencken
WashJeff on October 12, 2009 at 12:37 PM
Mitt can give it up.
Tasha on October 12, 2009 at 12:37 PM
But he won’t. :(
Hey, Hannity likes him!
mankai on October 12, 2009 at 12:39 PM
I think you are way off on this. The GOP has a much more straightforward approach of encouraging people to die quickly.
WashJeff on October 12, 2009 at 12:39 PM
Isn’t that what we are suppose to do? I though it was a citizen duty to just keep pulling the lever, (drawing the line in my case), for the same person over and over again.
RagTag on October 12, 2009 at 12:39 PM
RagTag on October 12, 2009 at 12:33 PM
Sorry if i offended you, I am simply mocking oboobi and the demonrat libs, I am sure its a beutiful state with a lot of good people.
SHARPTOOTH on October 12, 2009 at 12:39 PM
Interesting: it’s not “Bush’s fault”, but it’s Romney’s fault. It’s not Romney’s fault that a moronic Democrat-controlled legislature attached lots of costly ornaments to what was a good idea; nor is it his fault that he faced a veto-override Dem majority in the legislature.
And it’s not Romney’s fault that even HotAir.com comments has its quota of idiot commenters
ParisParamus on October 12, 2009 at 12:42 PM
I believe you. I remember a FOX reporter on Martha’s Vineyard, when the Obama’s vacationed there. A good number of people there, could care less the Obama’s were there, or they wished they hadn’t come at all. The others? Well….a blathering idiot, is a blathering idiot despite who visits. lol
ROFL! Touche`!
capejasmine on October 12, 2009 at 12:43 PM
He should have seen it coming. If he understood the excesses and dangers of Socialism, he never would have opened that door.
mankai on October 12, 2009 at 12:43 PM
Truly sad to see hat has become of what I consider to be the emotional epicenter of the revolution. Everything Adams, the Sons of Liberty and Minutemen fought against, Ma has become and then some.
WashJeff on October 12, 2009 at 12:44 PM
It is almost as if there is some sort of invisible force at work here that somehow magically links supply and demand, costs and benefits.
AndrewsDad on October 12, 2009 at 12:44 PM
No offense. Notice how I only said the landscape was good. The state government really, really sucks.
RagTag on October 12, 2009 at 12:45 PM
You have a right to health care. That’s why we’re sending you to Crazy Bob’s Health Care Emporium–his prices are insane! Tonsillectomies are half-price this week! Dialysis is 20% off with a coupon! Bring the kids and your own surgical instruments for even more savings. Bring grandma in and leave without her (wink, wink)!
Bill Ramey on October 12, 2009 at 12:46 PM
Mankai, I would suggest you bone-up on civics and government. Legislation starts in the legislature, not with the executive. And, it’s almost three years since Romney has been out of office.
The cheap shots don’t help our cause.
ParisParamus on October 12, 2009 at 12:46 PM
Government rules will make it worse?
Even more shocking, I saw two fat guys at the “All you can eat” buffet.
perroviejo on October 12, 2009 at 12:47 PM
I can see the brochuers now…
3 days, 2 nights at a 4 star beachfront resort and a knee operation for only $1899. Call now!!
angryed on October 12, 2009 at 12:47 PM
I am shocked, shocked, that in order to reduce costs services offered or the quality of those services still offered will be lowered.
Of course this would never happen to a National insurance plan just to cover just less than 10% of the *legal* population.
Change!
Neo on October 12, 2009 at 12:49 PM
mankai on October 12, 2009 at 12:50 PM
Romney is done. How can he even think he can compete for the nomination with his health care being the model for Obamacare?
milemarker2020 on October 12, 2009 at 12:50 PM
Romney, care to square this circle?
This isn’t good. Obviously.
Diane on October 12, 2009 at 12:51 PM
ontheissues.org
mankai on October 12, 2009 at 12:52 PM
No, it won’t. Next question please.
Cicero43 on October 12, 2009 at 12:53 PM
I bet you they STILL don’t see it coming.
uknowmorethanme on October 12, 2009 at 12:53 PM
Followed soon by the “out of network” federal tax. Imposed on healthcare not provided by ObamaCare.
BobMbx on October 12, 2009 at 12:54 PM
That smells like freedom. – Bleeds Blue
lorien1973 on October 12, 2009 at 12:54 PM
They should go to a lottery system. Drawings could be held every night but Sunday, more numbers get you into a better hospital and the powerball gets you a specialist in a good hospital. This would be a great way to raise money and it’s fair for everyone.
mchristian on October 12, 2009 at 12:56 PM
Couple comments:
1. I second others’ statements: Romney is done. He claims the Democrats changed his bill & the problems are their fault; but were that so, he should have vetoed it.
2. Massachusetts does have an odd health care regime because Harvard indirectly owns almost every hospital in Boston. So Boston has a buttload of Tier 1 hospitals to run Harvard’s postgraduate medical education programs, grants, reserach programs, and so forth. They haven’t focused much on building a network of community-based hospitals to provide more cost effective care to less complex patient populations.
Outlander on October 12, 2009 at 12:57 PM
July 21, 2009.
Not one word about it has been three years since he was involved in decisions.
Not one word about how it was the legislature, not him.
Not one word of criticism for its operation.
He touted it as a success. “Call me! Make me a player, I can play the game!”
Take your insults and your cardboard superman and spin.
Chris_Balsz on October 12, 2009 at 12:59 PM
If this really happened nation wide, the second tier hospitals will gradually become the premier hospitals simply because that will be where the action is. The size of most of the big teaching hospitals will lessen(or go altogether) because they will cater to a much smaller, elite population. In the end, the sheer people pressure generated by a country this size will simply ‘find a way’ and tacitly thumb it’s nose at the government or force change. The problem is…in the meantime.
jeanie on October 12, 2009 at 12:59 PM
In Massachusetts Death Panels are prounounced:
Death Pahhh-Nulllls.
But they kill the same way.
portlandon on October 12, 2009 at 12:59 PM
Somewhere in the world, Mitt Romney just broke into a cold sweat.
Machete_Bug on October 12, 2009 at 1:00 PM
I have a cousin who would say that that would be horribly unfair to the poor and those “of color.” Actually, my cousin makes my quite sad- she retired from the Navy then went and got her masters in social work- now she is as loony as anyone on the far, far left.
cibolo on October 12, 2009 at 1:00 PM
.
Um, well, no. Not a chance. Not if it doesn’t promote 0′s agenda.
iurockhead on October 12, 2009 at 1:00 PM
I’m impressed. There’s no way I could have typed that second sentence in its entirety without being paralyzed by uncontrolled spasms of laughter.
VelvetElvis on October 12, 2009 at 1:00 PM
This IS NOT going to end well.
PappaMac on October 12, 2009 at 12:29 PM
Indeed.
artist on October 12, 2009 at 1:04 PM
1) Romney could have vetoed it and let the legislature override his veto.
2) To this day, Romney defends the bill.
MarkTheGreat on October 12, 2009 at 1:08 PM
Nice timing MA. you are helping the infidels to kill the savior’s great work.
burt on October 12, 2009 at 1:08 PM
Neither does Romney.
MarkTheGreat on October 12, 2009 at 1:09 PM
LOL. You obviously don’t listen to ROMNEY’S OWN WORDS.
Romney on Obama’s Push for Health-Care Reform: Slow Down
Newsweek July ’09
What lessons can be gleaned from your experience in Massachusetts?
Romney:After we crafted the architecture of our plan, the first person I went to was Ted Kennedy. He and I met numerous times, and what we fashioned was not perfect in either one of our eyes. But we worked together, because only together could we know that we would have the support of all the parties necessary to make it work.
The states are laboratories of democracy. Well, our state passed a bill. It’s been in place now for several years. Have they studied it? Have they spoken with the Republicans and Democrats in Masssachusetts? Have they spoken with hospitals? Doctors? Have they sent the GAO there to take it apart to see what is working well and what is not? Nobody has given me a call, except Republicans. I’ve received no calls from Democrats saying what do you think about it? What would you do differently if you were to do it today? There’s a whole series of things I’d do differently. And yet, there seems to be such a rush to act. I understand that President Obama wants to get this done in his first term, but more important than getting it done in the first year is getting it done right, before he is out of office. There is time here to get it done right.
Romney should have nothing but shame for his Healthcare debacle. Did he think only Republicans would be the only people to ever run the government in Massachusetts? Did he push for RomneyCare thinking the libs would add their extremely heavy ornaments to this Golden taxpayer Christmas tree?
portlandon on October 12, 2009 at 1:09 PM
Don’t laugh, it’s already happening in India.
MarkTheGreat on October 12, 2009 at 1:10 PM
Remember that 50% of all doctors graduated in the bottom half of their class. There will always be someone available on the cheap.
barnone on October 12, 2009 at 1:11 PM
It is called “Medical Tourism” and it is a growth industry for MANY countries.
barnone on October 12, 2009 at 1:12 PM
Romneycare
The #1 reason why I regret supporting Romney in 2008.
Chaz706 on October 12, 2009 at 1:12 PM
see this is what AnninCA does not get
instead of being in a private HMO to keep your premiums down,
and then having the right to APPEAL the private companies decisions to the DOL, or the state insurance board or ultimately Congress or the press,
the HMO will be the Government, thus NO APPEALS
ginaswo on October 12, 2009 at 1:15 PM
Portlandon, if Romney has nothing more to say on the subject, and/or someone can offer hard data re Romney having endorsed what is currently going on in MA, he will be GONE as my first choice for 2012. But I’d like to see facts, including how much of the “rationing” that’s being spoken of is built into the system, and how much is actually MA’s general budgetary mess playing out.
ParisParamus on October 12, 2009 at 1:16 PM
Romney/Palin 12
Mitt can use the Hillary line that worked quite well on me, I LEARNED from my massive mistakes in Romneycare, I know how to FIX IT
ginaswo on October 12, 2009 at 1:16 PM
Of course not. Are they reporting on the steady drip of bank closures? Are they reporting on the failure of California? When these things are reported on it will be in a context that advocates further government intervention. You have to understand Obama is on the right track but needs to do more to help the economy not less.
Theworldisnotenough on October 12, 2009 at 1:17 PM
What kind of meds have prompted this irrational question?
paulsur on October 12, 2009 at 1:18 PM
Here’s what smart MDs are going to do: find some off shore location–Bahamas?– with favorable tax circumstances, and set up clinics and hospitals. Cash basis operation. They will be able to charge much less. No shortage of patients from nearby America and Canada.
MADgirl91 on October 12, 2009 at 12:35 PM
I can see the brochuers now…
3 days, 2 nights at a 4 star beachfront resort and a knee operation for only $1899. Call now!!
angryed on October 12, 2009 at 12:47 PM
Seriously, don’t laugh, but I work in an industry that specializes in equipping and managing off shore hospitals. A lot of international money is being put into these state of the art facilities and a lot of US trained docs are going home to be able to take care of Americans, Canadians, etc. Quality, because of US training is vastly improved, lawsuits are non-existant and labor costs are 50% of the US. A cardiac by-pass in the US costs around $120K. In some of our hospitals the price is $40K. I have had surgery on my leg off shore and the care, skill, etc. was on par with good US hospitals. Even US insurance companies are out-sourcing some of their clients to off shore hospitals. See Blue Cross of South Carolina.
Reality is the US government has blown health care prices over the wall and there are cheaper, safe alternatives.
hip shot on October 12, 2009 at 1:23 PM
FIFY
Phil-351 on October 12, 2009 at 1:25 PM
Mitt has asked that you stop giving the legislature “credit” for HIS health plan.
But I’m sure Mitt was shocked to discover that MA has a legislature run by Democrats… shortly after consulting with ted Kennedy.
mankai on October 12, 2009 at 1:26 PM
They won’t call rationing Death Panels. Maybe they’re Life Panels. The NHS can offer authoritative transatlantic advice on when to cut off food to Granny.
Drained Brain on October 12, 2009 at 1:36 PM
***
I was sent to Massachusetts for a year in 1969. I had to get a Mass driver’s license, register my 8 year old car there–at its new car price yet. I couldn’t believe how much higher apartment rental costs were–and how much poorer service I got from all government agencies I dealt with.
***
Driving and parking were horrible–and when I finally used the subway I couldn’t believe there were no bathrooms there. A token seller told me the MTA had closed them because of the vandalism! And the state was hitting me with state income taxes also.
***
It was great to leave Taxachusetts and return to Texas after the year was over. The people living there don’t know how badly they are getting SC****D OVER by that failed state.
***
John Bibb
***
rocketman on October 12, 2009 at 1:37 PM
There’s only a few types of people who will drive me nuts to no end.
One type is the type that doesn’t know who his real friends and enemies are.
Chaz706 on October 12, 2009 at 1:39 PM
I know exactly how you feel after arguing with a few people here who blindly defend super-rich company executives like they’re saints. They earn more money in a few years than most of us will ever see in our entire lives, yet some of us are outraged that the government is capping their millions while their company is being bailed out on taxpayer dollars.
Maddening!!!
Dark-Star on October 12, 2009 at 1:46 PM
Our real friends don’t enact liberalism and then blame us for not understanding how necessary it is.
Chris_Balsz on October 12, 2009 at 1:47 PM
Is one of the other types of people who drive you crazy the type of people who draw conclusions without a complete assessment of the material facts involved?
ParisParamus on October 12, 2009 at 1:50 PM
What did Mitt Romney have to say about this?
hawksruleva on October 12, 2009 at 1:52 PM
On this I agree. If your company received bailouts, you’re an enemy of the taxpayer. There are many corporations who don’t act clean, and in some ways act along with the government to screw us. They aren’t our friends.
Our friends in the business world are the small business owners who have been at the front of every economic recovery out of every recession. Why does the Obama administration keeps enacting measures that hurt them?
Hint: he isn’t your friend. He isn’t our friend.
If you’re talking about ‘us’ as ‘the people’ that statement actually makes sense.
Real friends don’t let friends even come to harm without a serious argument. Real friends don’t exact harm on other friends.
Just look at the Black community for 40 years. The Democrats haven’t treated them like friends. That’s a situation I don’t think I’ll ever understand completely in my mortal lifetime.
Chaz706 on October 12, 2009 at 1:55 PM
But Mitt knows what HE’S doing and Sarah doesn’t?
Heh.
HAnthonyWayne on October 12, 2009 at 1:56 PM
So it’s wrong for them to earn that much money? If you ruled those people, how much money would you allow them to earn?
Super-richness does not make people saints. Nor does it make them evil. It does generally make them hard-working. They did, after all, have to EARN the money, in most cases. Very seldom does a person become a multi-millionaire without hard work and ingenuity.
If we absolutely HAVE to put caps on executive earnings, then we should burn the money. Bill Gates has more right to his money than anyone else, including Uncle Sam. So if he must be punished for his success, we should destroy whatever wealth you consider excessive. Giving it to someone else would be the height of hypocrisy.
hawksruleva on October 12, 2009 at 1:57 PM
I don’t imagine there was a single person who defended these executives as if they were saints. The fact that you have to make up such a blatant lie indicates that you have neither the ability, or desire to argue in good faith.
As to your desire to cap the salary of others, that says more about the jealousy that is the guiding principle of your life, than it does about those who argued against you.
MarkTheGreat on October 12, 2009 at 1:58 PM
Let’s see if I have this right. The best way to get a company to recover, is to guarentee that they can only hire 2nd and 3rd rate talent.
MarkTheGreat on October 12, 2009 at 1:59 PM
Companies are taxpayers. Thus, you’re saying that they are their own enemies. If you don’t like a company getting a bailout, don’t give them one. Or take the money back. But you don’t fix the wrong of a bailout with the wrong of wage controls.
Good greif! That’s EXACTLY how we got into this health care mess in the first place!
hawksruleva on October 12, 2009 at 2:00 PM
When a company fails, very rarely is it only the fault of the guy at the top.
MarkTheGreat on October 12, 2009 at 2:00 PM
Ahh, but you miss the point. We don’t want them to recover at all, but rather wallow in mediocrity along with their competitors, eternally surviving at the whim of the government handout. What a great new future it will be!
hawksruleva on October 12, 2009 at 2:01 PM
Oh. My. God…
You have no idea how refreshing it is to hear that. Especially from a fellow conservative.
99% of the time, proponents of the free market vehemently defend the big-box corporations and the elite snobs who run them – even though they have demonstrated time and again that they don’t give a tinker’s damn about the common citizen. (Except to happily take our money) Women who work at Wal-Mart will especially know what I’m talking about.
+1,000,000
Dark-Star on October 12, 2009 at 2:02 PM
Dude, lay off! Hawksruleva and MarkTheGreat… he wasn’t talking about ALL CEO’s. He’s talking about the ones who got bailouts.
I think there is a virtue in being a good CEO. You’re directing not only your own wealth, but the wealth, dreams, and hopes of many others. Their fates are in your hands and as a CEO, you have to make the calls that will make or break your dreams and theirs. It’s a serious responsibility that not everyone can take on and do well in! Hence the pay scales.
Not to mention those who have started small businesses that ended up growing to become large businesses. What about those guys? I think they deserve a ton of respect.
But to sponge of the taxpayers… that’s a crime. That’s what Dark-Star was getting at. Becoming a parasite feeding off the taxpayers dime just to maintain your salary and lifestyle is flat out wrong… and I agree with that.
Chaz706 on October 12, 2009 at 2:03 PM
This is true. On this I’ll agree with you. They are some of the largest taxpayers in the nation.
But once something is taxed and put in the general fund, it comes from all of us. To think they’re justified because they pay so much in is what gets us in the dependency problems we’re facing now to begin with.
I would’ve loved to be there in the halls of congress and the senate when the first round of bailouts were being voted on. Sadly, we the people didn’t make the call to make the bailouts… the politicians did… with Hank Paulsen at the fore.
It’s very difficult to take money back once it’s spent… but I’m not saying it isn’t worth trying.
Wage controls should be a crime punishable by death. That’s part of why Nixon was so unpopular. They don’t work, and they never will.
Chaz706 on October 12, 2009 at 2:09 PM
FIFY
Mangy Scot on October 12, 2009 at 2:09 PM
Your utter incapability of spotting sarcasm is only matched by your moronic finger-wagging.
Let me try to put this very simply for you:
The #1 goal of a company is to make money. The higher up you are, the more that goal matters and the less anything else matters, at least if you want to keep your cushy job.
You nor I nor most anyone else will make anywhere near as much money as those stuffed shirts will, nor do they give two hoots about us except when we make enough ruckus about something that the media covers it and they start losing money. Please stop defending them as if capping their massive incomes will instantly lead to Joe Schmoe getting his salary cut to a pauper’s level, at least no more than it already is by taxes.
You take money from someone to save your company, they get to decree how it gets spent to some degree. Simple as that. Especially in the amounts they’re getting.
Dark-Star on October 12, 2009 at 2:12 PM
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