Over at National Surrender, Jim Geraghty has a post up about the next phase of ObumblesCare. The math never worked and now that reality is about to become manifest. He writes:
Is it possible that most Congressional Democrats don’t know about the death spiral? Or that they don’t really understand the death spiral? Or that they somehow don’t believe in it? Are they convinced you can add a lot of sick, elderly people requiring expensive care to existing insurance plans, and the insurance companies won’t suddenly need a lot more money? The insurance companies will raise premiums on their healthy customers, who will in some cases drop coverage, which will exacerbate the financial pressure… and the cycle continues until way too few healthy people are paying for the care of way too many sick people, and the insurance company goes under.
Not only is it possible, it is likely they do think insurance is a magic fountain of money. All of my moonbat friends have said something along the lines that “everyone deserves health insurance.” You see it the comments in the new stories. Every moonbat talks about insurance like it is a natural resource to be shared amongst the people. They don’t have the first clue as to how insurance works. What we are about to see in this narrow area will replay itself throughout the economy. The gimme guys and gimme gals will find out that you can sheer a sheep many times, but you can only skin him once.
What we are seeing in the West is what we saw in an accelerated pace in post-colonial Africa. The white colonists had established a degree of civilization, but it could not be maintained by the indigenous population alone. When the colonial governments fell and were replaced by indigenous rulers, they first tried to keep things the same, fearing the economic consequences if the whites fled.The blacks simply lacked the ability to run courts, administrative offices and the economy. But, pressure to “redistribute” the wealth lead to the whites fleeing and the economies collapsing. The wealth of a nation, it turns out, is its people. The Brits tried to remedy this by bringing the best Africans from their colonies to train in Britain. They built roads, schools, utilities and setup governments. The post-colonial collapse went slower, but it happened nonetheless. Rhodesia, for example, went from highly productive agricultural country to the second poorest on the planet.
Obama is turning out to be the Robert Mugabe of American politics. He came on the scene pitched as the ideal liberal candidate. He was foreign, exotic, black and highly educated. In his rise to power, the white’s in Rhodesia were told he was not a threat, despite the rhetoric. Once in power, he slowly chipped away at the agreements he made with Ian Smith. Eventually it was open warfare on the white minority, who eventually fled the country. Like Mugabe, Obama has always bought into the black liberation stuff and the socialist economics that go along with it. Also like Mugabe, Obama is a megalomaniac incapable of allowing others to share the stage. The result is the same brand of incompetent leadership. The difference is Obama does not have an army of drugged up teenagers with AK-47’s willing to kill his enemies. The economic results, however, are following the same path.