Once again we heard President Obama state, “I did not know” – just as I predicted yesterday, there would be excuses. And now he has set up the individual insurance market for the blame.
Obama is actually thinking that in some 31 days the entire industry will do his bidding and complete a 180-degree pivot to reissue some 5 million policies which they were mandated to cancel? Today Obama will have a meeting with leaders in the insurance industry. That meeting should be public for all Americans to see, not behind closed doors.
We should never forget the last time government made a major intrusion into the private sector. That was when Jimmy Carter came up with the brilliant idea that “every American had a right to own a home.” He created the Community Reinvestment Act, which started the ball rolling for the 2008 financial meltdown. Carter mandated actions in the mortgage industry that led to sub-prime mortgages, nefarious business practices, securitizing of mortgages, the creation of Fannie Mae and Freddie Mac, the repeal of the Glass-Steagall Act, and eventually the concept of federal government bailouts.
Now here we are teetering on another precipice with a progressive socialist President who believes “every American has a right to healthcare” getting ready to ruin a private sector market, comprising one-sixth of our economy. Far worse is the abject incompetence combined with the incomparable unconstitutional actions, deceit, and lies surrounding Obamacare. And still we have apologists who so want to give President Obama the benefit of the doubt. Why?
This is a seminal moment for our nation. If we do not believe we operate under the rule of law, then we are indeed witnessing the demise of our beloved Republic. I will not stand quietly by. Will you?