Tuesday, February 23, 2010

Presidential Plan Panned

President Obama has just announced his new health care plan based on new price controls on the insurance industry, and it has apparently landed with a "thud".

AP News reports, "Outlook no brighter for Obama's new health plan".

Grace-Marie Turner notes that is just more, "Tax. Spend. Regulate. Mandate."

In other words, he is attempting to address the problems created by prior government controls on insurance with yet more government controls. That's as likely to work as the proverbial "putting out fire with gasoline".

Let's hope the rest of the country sees through this folly.