Doc 224899

Markets Show Concern Over Government Micro-Managing

Is there anyone left who is bright enough to understand what works and what doesn't work in corporations who is not completely terrified that the Obamanomics approach seems to involve relentless MICROMANAGEMENT BY GOVERNMENT as the the solution to all economic ills?

All this ranting by Obama and his Democrat Possee about CEOs as bad guys, and protesting an internal AIG Human Resources approach to keeping a few remaining good employees from quitting, chills the hearts of investors and prevents any sort of market recovery from forming.

What they've done to the healthcare sector with "Managed Care" (which boils down to limiting reimbursement to cover the bare minimum a patient might get by with, thus ensuring bad outcomes and fee opportunities for litigating attorneys) they're going to turn around and thrust on all sectors. They'll come up with a p.c. term for the approach, maybe "Assured Corporate Profitability" or some such, but it will be micromanagement by goevernment.

There just aren't enough stupid investors with money who will bet their finiancial futures on such rubbish to turn the market around, and we will see a DOW below 5,000 before 2010 because of the chill induced by the general expectation of micromanagement by government.

Buying Healthcare Stocks for an Obama Presidency

Obama is the champion of the trial attorney's lobby, at a time when our ever-growing surplus of fee-hungry lawyers is alarmed by how little money is available to be gouged from corporate entities that actually do something useful (like build bridges or produce energy or make food).

Healthcare has been the trial attorney's dependable source of fees for many years, a well of money they've taken for granted and never had to worry about. As times get tougher and tougher, they will go back to the well too many times, and drain it dry.

Eventually the entire country will have unsurvivable practice conditions, like the state of West Virginia now has. People will die rather than receive treatment, from simple maladies like pneumonia. The population will shrink as declining population rates collide with increased mortality rates. Like West Virginia, there will be no medical schools left in the entire country.

The trial attorneys will love it, since increased bad outcomes look to them like increased opportunities to bring lawsuits. Congress is nothing but a bunch of lawyers, so they won't do anything to interrupt the trend.

The net outcome will be fewer people in a country with fewer resources and no industrial production capacity to speak of: problem solved.