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You Keep Using That Word

October 14th, 2013 - 4:16 pm

David Freddoso:

Rep. George Miller, D-Calif., one of the most liberal members of Congress, told C-Span’s Washington Journal this morning that the ongoing computer failures in Obamacare’s exchange health insurance markets are actually signs of a huge success.

The various websites’ failures, he said, were the result of enormous demand. In fact, he added, if this had been a company on Wall Street, the high demand crashing its website would have sent its stock to “700 dollars a share.”

$700 a share for a “company” which can’t service its customers, can’t tell you how many customers it has, relies on a captive market of mandated buyers, depends on hundreds of billions in government subsidies, and is generally hated by the nation at large?

Oh, yes do please put men like Miller in charge of even wider swathes of the once-private sector. Because we might as well crash it sooner rather than later.

Let it burn.

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All Comments   (9)
All Comments   (9)
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How do I short this company? I'd be all in.
50 weeks ago
50 weeks ago Link To Comment
The reality is that the websites would crash with almost no traffic. They are broken.

And the fact that you can't even successfully complete a login profile is hiding the fact that the back end is broken too.

Utter disaster. And not, "hey, hook up another server" disaster. Its not capacity, its completely collapsed architecture and QA failures.
50 weeks ago
50 weeks ago Link To Comment
$700 a share. How many shares were issued for Obamacare? Zero.
$700 per share for zero share, that is the total value of Obamacare.
50 weeks ago
50 weeks ago Link To Comment
I just laughed so hard I think I hurt something. However, thanks to Obamacare... wait, I think I just figured out what they're doing.
50 weeks ago
50 weeks ago Link To Comment
Holy god, if that's what he views as an investment opportunity then I should call him about some Lawn Clippings Futures.
50 weeks ago
50 weeks ago Link To Comment
He means Berkshire Hathaway which is at $174,000 a share.
50 weeks ago
50 weeks ago Link To Comment
I really hope Rep. Miller is just a partisan hack shamelessly lying to the American people. Because that is some weapons-grade stupid right there, if he actually believes the words coming out of his mouth.
50 weeks ago
50 weeks ago Link To Comment
He actually believes Americans are stupid enough to believe the words coming out of his mouth. Sadly, Americans are that stupid.
50 weeks ago
50 weeks ago Link To Comment
He believes.
50 weeks ago
50 weeks ago Link To Comment
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