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AQR's Cliff Asness On The Republican (and Tea Party) Way Forward
Zero Hedge ^ | March 25, 2010 | Cliff Asness

Posted on 03/26/2010 5:04:36 AM PDT by shoptalk

Well, we certainly lost a big one. Despite hopes I share that this November’s polls will help mitigate the damage, this giant leap towards socialized medicine is a big loss for the Republican Party, and for the American people. And I say “leap towards” socialized medicine as this bill is not nearly the Left’s end game. It’s not meant to work, it’s meant to destroy the private health insurance industry, an industry that realized this only too late. It’s meant to help bring on, through socialized medicine, further breaking of the budget, and further conditioning of the American people to dependency and an expectation that government will provide for all their needs, the full European style welfare state. While it is obvious we must fight this, it’s not as obvious how. This note offers a few thoughts on the matter. ~ Cliff Asness of AQR (Quant Hedge Fund)


TOPICS: Business/Economy; Constitution/Conservatism; Extended News; Government
KEYWORDS: asness; cliffasness; obamacare; republicans; socializedmedicine
Another must-read from Cliff Asness.
1 posted on 03/26/2010 5:04:36 AM PDT by shoptalk
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To: shoptalk

Q: What do the Catholic Bisops and the American Health Industry have in common?

A1: They both woke up too late to stop this Bill.

A2: They thought they could ‘make nice’ with the evil-doers.


2 posted on 03/26/2010 5:08:31 AM PDT by afraidfortherepublic
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To: afraidfortherepublic

Yes.

Yes, indeed.


3 posted on 03/26/2010 5:09:53 AM PDT by shoptalk (Defend principles, not personalities. Personalities will always break your heart.)
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