Bold Colors Blog

Stickin’ it to the libs, one day at a time

Posts Tagged ‘Free market’

A scary consequence of socialized medicine

Posted by Liberty on November 19, 2008

Socialized Medicine Can Kill You

“Jack Rosser’s doctor says taking Pfizer’s Sutent cancer drug may keep him alive long enough to see his 1-year-old daughter, Emma, enter primary school. The U.K.’s National Health Service says that’s not worth the expense. “

Americans, we need to proceed with extreme caution when it comes to health care reform!  Cursory research into socialized health systems in countries such as Great Britain and Canada will yield frightening stories like that of Jack Rosser. 

I’m not a Pollyanna about this issue–having had some work experience in an industry related to health care, there are certainly things that need to be done to improve health care in the U.S.  But, we shouldn’t throw the baby out with the bathwater.  America has one of the safest medical industries in the world and it goes hand in hand with the standard of living that we enjoy here.  Our standard of living is so good because we are a fundamentally Capitalist nation, although we have more government interference in our markets than we need. 

My plea for free market solutions may fall on deaf ears but I’m going to make it anyway.  Putting the federal government in charge of health care is not a good idea–central planners in Washington D.C. don’t know what is best for you and your health.  Patients and their families and doctors need to be empowered to make decisions about care, not bureaucrats.  No existing government program gives me any confidence that they can or should handle health insurance.  Not Social Security–it’s practically bankrupt.  According to its own website, Social Security benefits are fully payable until 2041 at current levels.  And we’re on the brink of a massive wave of baby boomer retirements.  In not too many years, there will be more people drawing SS benefits than there are workers paying in.  Hmm…and I thought Amway was the most insidious pyramid scheme out there. 

Same with Medicare.  Have you seen the commercials–seniors can get a power chair with no out of pocket cost if they have Medicare.  I’m willing to bet by the time I’m checking out shiny new power chairs, Medicare will be broke.  Instead of trusting the same federal government that brings you the Post Office, The Bureau of Land Managment and the TSA, we need to reform our existing health care system.

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Bailout GM? Are you getting the full story in the mainstream media?

Posted by Liberty on November 13, 2008

AP’s Auto Bailout Coverage Nearly Ignores Excessive Labor Costs, Omits UAW’s Concessions Refusal

If you’re watching Katie Couric [seriously, why are you doing that?!] or some other MSM teleprompter reader, you probably haven’t seen anything about the effect that the United Auto Workers have had on GM’s current financial stress.  Professor Mark Perry was on to this last week on his blog Carpe Diem.  He’s had a chart posted that compares the average salary of a Big 3 autoworker [generally under UAW contract] with the salaries of Toyota workers [free market/non-union], management and professional workers, other forms of manufacturing and the workforce in general.  [Naturally, the chart is easier to visualize.  See it here.]  Guess who’s making the highest average salary?  You’re right–the UAW workers at GM, Chrysler and Ford.  On average, they make $73.20 per hour, compared with Toyota at $48.00 per hour.  The Big 3 are also saddled with paying massive union pension and health care expenses for their retirees.  Is it any wonder that they aren’t competitive?  I don’t pretend to know how to solve this problem but if there were some way they could divorce the UAW, I suspect that would help.  On the one hand, I blame the Big 3 for even agreeing to these union contracts but then again, what choice did they have?

Auto companies have also been in Congress’s cross-hairs in recent years, at the behest of environmental activist groups.  Time after time, Congress has raised CAFE standards, telling auto makers that they have to build vehicles that attain a certain fuel economy, regardless of what their customers actually want to buy.  Between the unions demanding inflated wages and fat benefit packages and the government regulations, auto makers have been existing in something other than a free market for years.

Here’s one more link on this subject, from the Wall Street Journal.

Nationalizing Detroit

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