Obama's Bubble

In a way, what is being threatened is just a new kind of bubble. This bubble will be more dictatorial, more fascist, and still more regressive than were previous bubbles. People who were smart enough to steer clear from previous bubbles will be liable by government decree to getting caught up in and losing out from this bubble.

But this bubble will have the same ultimate objective as other bubbles: to make the rich richer.

The scheme this time will be to have the government order the people who are not able to or who do not want to buy grossly overpriced private health insurance from huge corporations with obscene profits and obscene executive salaries to buy it. And so then the big corporations get to have many more receivable type assets on their balance sheets. They can then leverage these assets for more short term and phony riches.

Of course, these assets will eventually be toxic, since they are going to be based on a foundation of sand. The foundation will consist of, among other things, illegal coercion which will be countered by widespread disobedience, unaffordable borrowed money from China and other creditor nations (for any subsidies) and ever poorer "customers" who, even if they can technically afford the private insurance now, will sooner or later not be able to afford it.

Due to this ultimately undependable revenue stream on the one hand and due to what will be a sharp increase in the actual demand for expensive actual health care on the other hand, the health insurance companies will eventually have to receive direct (lump sum style) bailout money straight from the taxpayers, laugh out loud.

Americans can be downright funny when they try their hand at economics. Of course, its not really funny if you are living in America.