Ed Driscoll

To Bankruptcy and Beyond! Ride the Obamamobius Loop


“Government can best solve the problems that it, at first, creates.” A Kinsleyesque gaffe by Jerry Brown in late October perfectly summed up life in the Obama era. And it’s only going to get worse, Charles Krauthammer warned Chris Wallace on Fox News today:

If you’re exempting people who didn’t have, who had insurance and were cancelled, and you’re exempting them from the fine and the requirement of getting insurance, there’s no way you can require, fine people who didn’t have insurance in the past. So you’re going to have an abolition of the individual mandate. You’ve already abolished or postponed the employer mandate.

The insurers understand that they are going to be ruined. And what’s going to happen as a result of this? There’s only one way out: a huge government bailout of the insurers waiting at the end of next year, and that’s an issue that Republicans ought to focus on right now. It’s the only way that ObamaCare’ll survive, and it ought to be stopped before it happens. It ought to be, Congress ought to say, “No bailout,” particularly because this isn’t a natural disaster, it’s a manmade disaster.

As Jonah Goldberg wrote in 2008’s Liberal Fascism, “There’s a reason liberal economists joke that General Motors is a health-care provider that makes cars as an industrial by-product,” foreshadowing GM’s bailout by the Obama administration the following year. If it does come to pass that the insurance industry is also similarly bailed out by the Obama administration, it would be a reminder of the stuck-on-stupid infinite causality loop the administration is trapped in; with the taxpayer once again footing the ever-spiraling bill, until there’s no more money left to bankroll yet another bailout.

See also: the Motor City, itself.

Related: “Oklahoma Republican Sen. Tom Coburn turned conventional Washington wisdom on its head Sunday, telling NBC’s David Gregory that ‘the reason we’re in trouble on deficits and debts is not because we didn’t agree, but because we did.'”

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