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Same ones screaming about health insurance stocks going up now would be screaming if they fell?

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-22-09 10:47 AM
Original message
Poll question: Same ones screaming about health insurance stocks going up now would be screaming if they fell?
Edited on Tue Dec-22-09 10:47 AM by NNN0LHI
I can hear them now. President Obama is tanking our economy and just look at all the jobs we lost thanks to this Democratic bill. Job killers.

http://www.businessweek.com/magazine/content/06_39/b4002001.htm

SEPTEMBER 25, 2006

What's Really Propping Up The Economy

Since 2001, the health-care industry has added 1.7 million jobs. The rest of the private sector? None


If you really want to understand what makes the U.S. economy tick these days, don't go to Silicon Valley, Wall Street, or Washington. Just take a short trip to your local hospital. Park where you don't block the ambulances, and watch the unending flow of doctors, nurses, technicians, and support personnel. You'll have a front-row seat at the health-care economy.

For years, everyone from politicians on both sides of the aisle to corporate execs to your Aunt Tilly have justifiably bemoaned American health care -- the out-of-control costs, the vast inefficiencies, the lack of access, and the often inexplicable blunders.

But the very real problems with the health-care system mask a simple fact: Without it the nation's labor market would be in a deep coma. Since 2001, 1.7 million new jobs have been added in the health-care sector, which includes related industries such as pharmaceuticals and health insurance. Meanwhile, the number of private-sector jobs outside of health care is no higher than it was five years ago.

Sure, housing has been a bonanza for homebuilders, real estate agents, and mortgage brokers. Together they have added more than 900,000 jobs since 2001. But the pressures of globalization and new technology have wreaked havoc on the rest of the labor market: Factories are still closing, retailers are shrinking, and the finance and insurance sector, outside of real estate lending and health insurers, has generated few additional jobs.
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-22-09 11:02 AM
Response to Original message
1. The screamers will scream no matter what happens.
They'll scream when they get better health care coverage, and they'll scream when their premiums go down.

They'll probably even scream at their doctor during their exams, then they'll scream at the nurses on the way out just to be consistent.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-22-09 11:20 AM
Response to Original message
2. c'mon, Don, follow the money
it's always the case.
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Poll_Blind Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-22-09 11:23 AM
Response to Original message
3. Big money knows where the money's at and they study legislation like this more than anyone. So...
...no. As one of the other posters pointed out, follow the money. It rarely points you in the wrong direction when it comes to legislation.

PB
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-22-09 11:47 AM
Response to Original message
4. When you earn an unrec right off the git go you know you hit a nerve
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