Thursday, November 4, 2010

No clear path for GOP on health care repeal

Market forces will upset the apple cart of good (or bad) intentions long before the politicians. Americans, while no stranger to the fragility of paper currencies, have lived under the familiarity of dollar umbrella to long to assume that the economic lights can be turned off without warning.

When socialism and/or centralize banking outstrips taxable capabilities on a nation, they must turn to debt. The ability to issue debt depends on confidence in the currency that denominates it. That’s where markets forces come into play.

Republicans say they'll repeal and replace President Barack Obama's health care law, but tinker and tweak is as far as they're likely to get.

And that might not be a bad thing if you're a GOP strategist. It keeps the issue Senate Republican leader Mitch McConnell calls the "tipping point" in the midterm elections alive for 2012, when they'll try to unseat Obama himself.

Source: news.yahoo.com

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