CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Tuesday, January 19, 2010
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Economic Recovery Gathers Momentum: Car Production...
- Big Slide for Big 3 Market Share: From 90% to 45%
- Landslide? Brown With 15 Point Lead (Bellwether)
- CHART 1 + CHART 2 = CHART 3
- Intrade Odds for Scott Brown to Win MASS: 70%
- Interview with Eugene Fama
- Bond Market Investors Remain Inflation Skeptics
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- EU vs USA, Part IV
15 Comments:
perhaps this will provide a wake up call to congress about how deeply unpopular this healthcare bill is. MA voters have already seen firsthand how much government intervention to widen healthcare costs and what it does to choice and service.
masscare is deeply unpopular, and MA has the highest healthcare insurance costs in the country by a massive margin.
i am utterly disgusted with this "we must pass a bill, even if it's a bad bill because this is our only chance" mentality. it's as morally bankrupt as it is disingenuous and undemocratic.
putting a whole bunch of extensive new bureaucracies in place with bad missions to solve the wrong problems just to be sure you get your tentacles deep into healthcare is not the kind of change i believe in.
@ Morganovich,
Very well said!
Well, as a wintry election day dawns in Massachusetts, I’ll believe it when I see it. If all but one of those polls are right, Scott Brown now has a lead well beyond the margin of error. But, as that Boston Globe ‘Dead Heat!’ headline suggests, it’s not necessarily beyond the margin of ACORN, the margin of lawyer, and the margin of Franken-style recounts. On the other hand, if you’re minded to (as MSNBC’s electokleptomaniac Ed Schultz recommends) steal the vote, you don’t really want to have to steal it big, on a Mugabe-esque scale.
- Mark Steyn
The trend in MA and also in Obama's numbers is sure good news.
The reason for the rush on the healthcare bill is dems know they only have limited time to push their agenda into law before they're voted from power.
Amazing (or is it?) how quickly the tide has turned.
Not amazing.
People who normally aren't passionate about voting or even knowing about the issues went out and voted for Obama because...well...everyone else was doing it and he wasn't Bush.
Governor and state elections won't see the same turnout from Democrats who voted in the national election. Plus, indepedents that voted for Obama realize how liberal his agenda actually was and wan't to rectify that mistake.
The folks at MSNBC are going to disagree, but I think Obama's speech really put things over the top. I've only seen excerpts, but he was his normal arrogant self. Completely disingenuous and he even made fun of the Brown commercial where he talks about driving his truck around meeting the people.
He might as well have just repeated his "clinging to their guns and religion" comments.
Watch this clip. Obama doesn't even seem to believe his own words and the audience probably realizes what BS it is. He does another "I don't know his work..", but has an opinion anyway. Kinda like he has an opinion about the economy without knowing anything about it.
http://www.youtube.com/watch?v=OsyxhONAtAc
John Stewart chides the Democrats for their incompetence.
Actually, incompetent Democrats (are there any other kind?) is a good thing.
Money is pouring into health insurance and pharmaceutical stocks as we speak. The stock market is voting the same way, although stock traders might be trading on Intrade results.
It would be a nice result, but let me point out that if Brown loses, the libertarian may be the spoiler. At some point you need to set ego and your political statement aside in order to advance a desired outcome.
Kennedy could have made his point better by dropping out.
The Democrat fraud has already begun.
Money is pouring into health insurance and pharmaceutical stocks as we speak.
But do you realize what that means. The stock market is saying that the death of health care reform means that the insurance companies can continue their party.
I've stopped trying to fight it. I jumped in on the party so I too can enjoy the benefits of ripping off the American public.
The Senate, thanks to the two Senators from every state rule, better represents cows and Rhode Island than real voters.
Boston Globe still believes Coakly will win. Democratic party kids in circle, weapons loaded, taking aim. Adults have been found in MA!
MSNBC in fetal position trying to write loss narrative. Bullet points:
- MA voters now stupid
- Horrible candidate
- People still love Obama
- People still want free stuff
- People want Obama to remove risk and provide provisions.
Viva Obama.
... the insurance companies can continue their party.
No, the party will begin when the Democrat/union/ACORN protection racket ends. If Brown wins, the insurance industry can spend money on improving service and paying claims instead of having to make pay-offs to the corrupt Democrat Party machine.
I jumped in on the party so I too can enjoy the benefits of ripping off the American public.
So, you've joined a union? ACORN?
Machiavelli999 said...
Money is pouring into health insurance and pharmaceutical stocks as we speak.
But do you realize what that means. The stock market is saying that the death of health care reform means that the insurance companies can continue their party.
No, it means they won't have to do uneconomic things like "insuring" people after the fact and be restricted from charging older people an appropriate premium.
The "reform" would be a guaranteed way to slowly bankrupt the insurers. They are required to be financially viable. And the only way they could afford to increase coverage is to pass the costs along. But with a cap on the premiums for older people at a certain multiple of younger folks premiums, they have to raise the younger folks premiums.
But is no secret that the fine is much lower than premiums. So the insurers will really be saddled with more chronically sick and the healthy and younger folks will pay the fine and only sign up when necessary.
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