This is a good one. Pelosi is trying to sell the health reform bill as something helpful to the economy. lol She’s like that sales person who will swear to the patron dying on the sales floor that this juicer will fix the problem. lol Or the idiot on the radio talking about how calcium supplements will prevent cancer – but you have to take his special coral calcium, you can’t just take Tums. Oh what? You’re not worried about Cancer? Everyone in your family dies of heart disease? Well – it just so happens that my coral calcium will prevent heart disease – yes – it’s a heart-health supplement actually.
This reminds me of a skit by that Canadian comedy group – The Kids in the Hall:
The car won’t start, so the ‘husband’ gets out and kicks the tire. He looks to the ‘wife’, now in the driver’s seat. “Try it now.” Nothing. He opens the hood, “Try it now.” Nothing. He closes the hood. “Try it now.” Nothing.
He ends up changing the tire, and I forget what else, everything but fix the damn engine, but it’s about the same as Pelosi’s logic when it comes to economics. Nothing about passing a bill that forces companies to provide health insurance if they have more than 50 employees will stimulate entrepreneurship.
*sigh*
It’s just ridiculous. This is something around a 10% increase (probably more) in employee costs. That might not seem like much to a foolish congresswoman who’s never had to earn a living, but when you realize that a successful business is usually functioning on a profit margin of single percentage points, and that most entrepreneurial ventures fail, and that the ones that do succeed do so only after several years of losing money – you’ll understand how difficult these fancy new taxes will make it to do the things our economy needs us to do: innovate, risk, and invest.
The only entrepreneurial powers this will unleash are new solutions to keep your staff under 50 members.
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Raging Kitty