Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Inflation and the Crazy Crypto Markets - 23rd Oct 21
Easy PC Upgrades with Motherboard Combos - Overclockers UK Unboxing - MB, Memory and Ryzen 5600x CPU - 23rd Oct 21
Gold Mining Stocks Q3 2021 - 23rd Oct 21
Gold calmly continues cobbling its Handle, Miners lay in wait - 23rd Oct 21
US Economy Has Been in an Economic Depression Since 2008 - 22nd Oct 21
Extreme Ratios Point to Gold and Silver Price Readjustments - 22nd Oct 21
Bitcoin $100K or Ethereum $10K—which happens first? - 22nd Oct 21
This Isn’t Sci-Fi: How AI Is About To Disrupt This $11 Trillion Industry - 22nd Oct 21
Ravencoin RVN About to EXPLODE to NEW HIGHS! Last Chance to Buy Before it goes to the MOON! - 21st Oct 21
Stock Market Animal Spirits Returning - 21st Oct 21
Inflation Advances, and So Does Gold — Except That It Doesn’t - 21st Oct 21
Why A.I. Is About To Trigger The Next Great Medical Breakthrough - 21st Oct 21
Gold Price Slowly Going Nowhere - 20th Oct 21
Shocking Numbers Show Government Crowding Out Real Economy - 20th Oct 21
Crude Oil Is in the Fast Lane, But Where Is It Going? - 20th Oct 21
3 Tech Stocks That Could Change The World - 20th Oct 21
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

How the Republicans Will Sucker the Tea Party

Politics / US Politics Nov 06, 2010 - 09:15 AM GMT

By: Gary_North

Politics

Best Financial Markets Analysis ArticleFirst, you must understand that Boehner is a GobGop: a Good Old Boy of the Grand Old Party. The GobGops' goal is to keep the present system funded by the Bigs: Big Business, Big Pharma, Big Oil, and Big Banking. If you do not understand this, then you are as naive as a Democrat who thinks Obama speaks for The Common Man.


Boehner shilled for Hank Paulson and Goldman Sachs by begging the Republicans to vote for the $750+ billion Big Bank Bailout in 2008. Watch his emotional performance here. "We just have to do it!" No, they didn't. Ron Paul told it straight. He is no GobGop.

Boehner is going to do it again. He has already told us what he intends to do.

The obvious target is Obamacare. The Tea Party voters hate it. They regard it as an affront.

You've probably seen this. It's all over the Web. It's supposedly from Maxine, the cartoon character who speaks for geezerdom.

Let me get this straight . . . . We're going to be "gifted" with a health care plan

we are forced to purchase and fined if we don't,
Which purportedly covers at least ten million more people, without adding a single new doctor,
but provides for 16,000 new IRS agents,
written by a committee whose chairman says he doesn't understand it,
passed by a Congress that didn't read it
but exempted themselves from it,
and signed by a President who smokes,
with funding administered by a treasury chief who didn't pay his taxes,
for which we'll be taxed for four years before any benefits take effect,
by a government which has already bankrupted Social Security and Medicare,
all to be overseen by a surgeon general who is obese,
and financed by a country that's broke!!!!!

'What the heck could possibly go wrong?'

This is all true. Tea Party people know it's all true. They threw the rascals out . . . but left enough of them behind to sell us out.

Boehner told a Fox News interviewer what he plans to do: (1) repeal Obamacare; (2) pass another heath care law. You can see the video here. Here is a direct quote:

"This health care bill will ruin the best health care system in the world, and it will bankrupt our country. We are going to repeal ObamaCare and replace it with common sense reforms that will bring down the cost of health insurance."

Big Pharma is not threatened by this. Big Pharma will clean up either way.

If Boehner is politically savvy, he will have the Republicans introduce a repeal bill as soon as he takes over as Speaker of the House. The following will then take place.

1. A straight party vote will pass it.
2. In the Senate, the Democrats will not pass it.
3. Boehner will then begin a two-year campaign:

"The Republican Party is committed to a repeal of Obamacare. In 2012, you will have another opportunity to vote the Democrats out of power in the Senate, and give the Republicans a President who will sign this bill."

He will play to the Tea Party. He will gain their trust. He will throw down the gauntlet on health insurance from day one. He will hammer relentlessly on this for two years.

The goal here is to get the Tea Party voters into his camp. He is a GobGop. But it's obvious that he will score lots of points by doing this.

In 2012, the Republicans will take over the Senate and elect a President. It will repeal Obamacare. Then the Republican GobGops will introduce another huge bill that they promise will cut medical costs.

They will not cut spending. They will not raise taxes. They will preside over a gigantic deficit.

The pork will continue to flow.

The Tea Party people will sense betrayal. Then we will see how committed they are to getting the spending under control . . . in 2015. Too late, I think.

The sell-out is coming. It will be business as usual. The GobGops now control the House. They can posture all they want, knowing the Senate will block their token spending cuts. The GobGops will scream: "If we only controlled the Senate! If we only controlled the White House! Then we could get spending under control!" You know: the way they did under Bush.

It will make great political theater. Punch and Judy will perform a real donnybrook. A good time will be had by all.

The Bigs will get bigger. They always do.

Forward this to friends. Post it on Twitter and Facebook. The troops need to be warned what's coming.

    Gary North [send him mail ] is the author of Mises on Money . Visit http://www.garynorth.com . He is also the author of a free 20-volume series, An Economic Commentary on the Bible .

    http://www.lewrockwell.com

    © 2010 Copyright Gary North / LewRockwell.com - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in