Monday, November 2, 2009

A Catastrophe for Americans

Today's Wall Street Journal analysis of the Pelosi Health Care Bill is detailed and accurate. The Journal editorial describes the Pelosi bill as ranking "with the Smoot-Hawley tariff and FDR's National Industrial Recovery Act as among the worst bills Congress has ever seriously contemplated." Amen. No wonder 56 percent of Americans are opposed to this bill, which effectively destroys the American health care system and US fiscal credibility. If this passes and becomes law, watch for US Treasury auctions to get more and more dicey.