Obama railed against the healthcare industry and yet he is making them some of the richest people in the world with all of the new people that now have to buy insurance.
I just can't wrap this stuff around my head.
If I owned a company that I knew was going to be out of business in 5-8 years, like most conservatives say, why would any investor take a chance and buy stock?
Any thoughts?
Recall how the banks and credit card companies jacked up their rates and generally implemented more ways to screw their customers as soon as the law passed that said they had to stop doing that after a year.
Insurance companies will jack up their rates HARD asap in preparation for not being able to in the future. That’s good for the bottom line now, which is the only thing that matters to Wall Street.
Obama just gave them 30 million new customers, and a great deal of Wall Street money no longer comes from traditional sources investment companies but from hedge funds, investment banking firms, and from government itself. It’s all about the short money, not long-term growth.