The Law of Unintended Consequences
Posted on Wednesday, January 19, 2011 at 04:00 PM
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Whenever our politicians (poly=many, tics=blood sucking parasites) come up with a new scheme to make everything "fair", or to make our society even more "perfect" I tremble, knowing that whatever they conjure up for the rest of us, there will be side effects. The first side effect is "someone" is going to have to pay for it. Secondly, no matter how many experts have given their esteemed opinion as to the benefits of the new law, it will have unforeseen effects.
For instance when Jimmy Carter heralded in a new day with his "Community Reinvestment Act" back in 1976, nobody paid too much attention, it had such a benign sounding name, it must be a good thing, right? The basic premise of the law was to make banks loan to areas that they had previously red lined as too risky. Never mind the details as to why those areas were risky in the first place. The law under Carter, Reagan and Bush 1, never got enforced and was backburnered. But when Clinton got in office, he gave the law teeth and started cracking down on banks that weren't making loans to high risk areas, individuals and businesses. If the banks were still recalcitrant to make risky loans, community organizers would stage public protests and picket the banks, claiming discrimination, etc. Simply put, this started the whole mortgage crisis ball rolling which lead to financial institutions crumbling and to the worldwide banking crisis we have today. Of course there are many villains in this, but the crux of the crisis was the good intentioned CRA under Carter.
Which leads me to another unintended consequence of a feel good law which mandated we use methanol made from corn as an additive to our fuel. We are the largest producer of corn in the world, not only is it a food source for us (we love corn on the cob), but it is a main livestock feed. Have you noticed since this law was passed food prices have shot up, the packages that food came in not only cost more but they were smaller and meat is more expensive...Oh has anybody noticed gasoline is now 3.50 per gallon here in the west?
OK, now the "polyticians" gave us a 3,000 page total overhaul of our health care system, without themselves reading, or if they did, understanding it. Of course they have their own health care and they will not be affected. But to get the bill passed, many politicians had to be bribed and coerced, the Senate rules bent in an arcane way in order to squeak this by in the middle of the night. If it was so good why all the chicanery?
Americas health care system is/was responsible for 90% of medical breakthroughs, cures for many once formerly deadly illnesses and lifesaving medical procedures. This wasn't done by government bureaucrats, this was accomplished by mostly private industry. This Obamacare is at its core, socialized medicine and will kill our once vibrant health care system. Sure the system had its faults, but it didn't call for the total overhaul of the system with government as the end all be all in the final analysis.
The House of Representatives are prepared to repeal Obamacare. If the Senate is truly looking out for the citizens of the US, they will repeal this flawed piece of legislation too...Because I don't know how many more unintended consequences we can afford.
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maloney | Jan 21, 2011, 10:58 PM EST
No monsoon you didn't. The boy will building 7 us to death.
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Monsoonman | Jan 21, 2011, 07:44 PM EST
Gee Dennis, how glaringly wrong can you get: "Private enterprise does not investigate biotechnology because it's too hard to profit from basic research. Any private company you can name depends on government-funded science". LOL!!! You should look into the bio-tech venture capital firms, who are eager to lend to promising research. Ever hear of a fellow named Fischer? He was integral in getting the financing for Genentech which has found cures for certain cancers...My friend has hundreds of scientists working as we speak, on a biotech cure for cancer, all done with private funding, all done by the private sector. So at least fact check before you embarrass yerself anymore..BTW: still checking the wikileaks looking for the smoking gun proving that Bush blew up the trade center...LOL!!!!!
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maloney | Jan 21, 2011, 07:42 PM EST
Government discoveries? What an idiot.
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DennisQ | Jan 21, 2011, 12:54 AM EST
Private enterprise does not investigate biotechnology because it's too hard to profit from basic research. Any private company you can name depends on government-funded science.
It's a bit like feeding pigeons. The government scatters crumbs around, while all the little Novartises and Glaxo's scurry about finding ways to exploit government discoveries.
A typical right winger, Monsoonman makes unfounded assertions about the role of government in fostering the wealth of the nation. He doesn't really know what he's talking about. Like every other right winger on the planet, he's just spoofing. This guy plays air guitar.
It's a bit like feeding pigeons. The government scatters crumbs around, while all the little Novartises and Glaxo's scurry about finding ways to exploit government discoveries.
A typical right winger, Monsoonman makes unfounded assertions about the role of government in fostering the wealth of the nation. He doesn't really know what he's talking about. Like every other right winger on the planet, he's just spoofing. This guy plays air guitar.
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Monsoonman | Jan 20, 2011, 09:45 PM EST
I would like to see the innovative medical technologies and breakthrough drugs developed from socialized medical countries. I know their citizens seem to regularly make the trek to the USA whenever it really counts for top quality healthcare. In the meantime private sector pharmaceutical companies such as novartis, glaxco-kline, genentech, wyeth, Merk & co., contribute to lifesaving technologies and drugs every day. My own Dad got his eyesight restored recently by a miracle drug developed by Genentech.
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PolinDeB | Jan 20, 2011, 08:44 PM EST
And most of the breakthroughs came through universities.. not private industry..
someone must pay and someone must profit.. no point having a drug that no-one can afford...
Someone must pay, I'd like you to say that to a dying child's mother... but then you'll make sure you don't ever have to see that...
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maloney | Jan 20, 2011, 06:10 PM EST
Ed Farnan...IC made a huge mistake in hiring you. You actually know what your talking about. You tell the truth. You'll be lucky to last a week. Great article. Seems like April Fools day for some stange reason.
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DennisQ | Jan 20, 2011, 01:46 PM EST
Self-styled "conservatives" love finding scapegoats for everything that goes wrong on their watch. When the Republicans took over from Clinton there was peace and prosperity; he even left behind a surplus. Eight years later there are wars all over the world; the economy has tanked; there's massive unemployment; and the deficit Bush handed over to Obama was astronomical.
We're looking at the Republican version of Mission Impossible: find a way to blame the Democrats for all this. First, blame the recession on the poor. If it wasn't for anti-redlining legislation, the banks would have been as responsible as they were while Glass-Steagall was in effect. But the Republicans repealed Glass-Steagall, the better to fund the speculative investments that are the actual cause of the banking crash.
I'd have more respect for right wingers if they advanced a market solution to the cost of health care in America; namely deregulating medicine so that you don't need a license the practice. The market would flood with bone setters, faith healers and astrologers, but prices would go down. We wouldn't hear stories of patients being charged $600 for a torn ligament.
For some reason it's more important for right wingers to find somebody to blame. That's really the purpose of politics as they see it. Reagan used to talk about welfare queens, and Bush blamed all of America's foreign policy difficulties on Arabs. One thing's for sure, though - vote Republican and you'll have lots of scapegoats. Lots of problems, too; but at least you'll have somebody to blame.
We're looking at the Republican version of Mission Impossible: find a way to blame the Democrats for all this. First, blame the recession on the poor. If it wasn't for anti-redlining legislation, the banks would have been as responsible as they were while Glass-Steagall was in effect. But the Republicans repealed Glass-Steagall, the better to fund the speculative investments that are the actual cause of the banking crash.
I'd have more respect for right wingers if they advanced a market solution to the cost of health care in America; namely deregulating medicine so that you don't need a license the practice. The market would flood with bone setters, faith healers and astrologers, but prices would go down. We wouldn't hear stories of patients being charged $600 for a torn ligament.
For some reason it's more important for right wingers to find somebody to blame. That's really the purpose of politics as they see it. Reagan used to talk about welfare queens, and Bush blamed all of America's foreign policy difficulties on Arabs. One thing's for sure, though - vote Republican and you'll have lots of scapegoats. Lots of problems, too; but at least you'll have somebody to blame.
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olovely | Jan 20, 2011, 09:16 AM EST
If Republican leaders don't like government health insurance they should give theirs up (but I notice they haven't). They only want the 30 million Americans who are now insured under Obama's health plan to give it up (but not themselves). That's the essence of modern conservatism isn't it? To worry that other people might be enjoying benefits one insists on for oneself. We can't afford to have the uninsured damaging our economy and our hospitals. The GOP want to throw sick people out on the street.
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newcanaan | Jan 20, 2011, 06:54 AM EST
Ed you are a breath of fresh air.
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