Feb
22
2010

That 70's Show

From today's Washington Post:

President Obama will call for new government power to regulate insurance-rate increases as part of comprehensive changes to the health-care system that the White House will unveil on its Web site Monday, senior officials said.
So the guy who promised to bring the nation (at long last) into the 21st century is revitalizing one of the worst ideas of the previous century: price controls.

Maybe there are enough idjit legislators who (a) don't remember the Nixon/Ford/Carter era's experiences; (b) who can't predict the Econ-101 consequences; or (c) don't care about either of those things, because they hope they can bamboozle the electorate into thinking they're "doing something" about health care costs.

I hope not. Obama deserves to crash and burn, but I hope he doesn't take the country down with him.