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CNN "hearts" HealthCare Trojan Horse

It is becoming clear that the Public Option in ObamaCare has met with significant resistance from the American Public. Supporters of Govt run HealthCare are now preparing a Trojan Horse called Govt sponsored HealthCare cooperatives.
 
CNN has dutifully jumped on board! Today, on their State of the Union program, CNN's John King was busy interviewing diary farmers and others who pool their resources in the form of cooperatives to buy materials such as fertilizer or feed. Clearly, cooperatives of this kind are successful for the farmers and they do play an important competitive role.
 
By extrapolating on the warm, fuzzy kum-bah-yah connotations of the word 'cooperative', it is quite possible that ObamaCare supporters will be able to evade the all-important qualifier "Government sponsored".
 
A private cooperative that is formed by free individuals for the purposes of pooling their purchasing power (or their sales/marketing channel) is considerably different from one that is funded by the Government.
 
* the taxpayer is not on the hook, should a private cooperative fail.
* private cooperatives can be easily dissolved - they can never be deemed 'too big to fail'
* private cooperatives can negotiate with (but can't coerce) providers - who remain free to set their own terms
 
Private cooperatives, formed by voluntary action of free individuals, often serve a legitimate purpose.
 
However, a Government sponsored cooperative is a contradiction in terms. Why should money - extorted from all tax payers - be used to subsidize the health insurance costs of some citizens? Why should tax payer funds be used to coerce providers (who are also tax payers) to provide their services at a lower cost? This proposal fails both the fairness test AND the pragmatism test.
 
If support for Govt sponsored HealthCare cooperatives is passed - as a bipartisan compromise - this fall, it will morph into a Public Option very quickly. Conservatives, who have successfully stopped the Public Option (for now) must recognize this as a Trojan Horse and rally to defeat it.
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"Stocks sputter after rally", not "Stocks tumble on Obama's proposals"

If it had been a GWB speech last night, CNN would've led with "Stocks tumble on Bush's proposals". MSNBC would've probably said "NYSE to GWB: Drop Dead!".
 
But, CNN led with "Stocks sputter after rally". The msg is - this ain't a big deal, folks, the market is not rendering its verdict on the policy proposals mentioned in BO's speech. The market just happened to give up some of its gains from the previous day. The 1st part of the story is an analysis of the gains of the previous day [carefully ignoring the big drop that preceeded those gains]. BO's speech is mentioned in part2, stressing only the lofty rhetoric, and not suggesting any linkage between the speech and the response. This is sharply in contrast with last year, when every dip in the stock market was blamed on the dastardly GWB and those Wascally Wepublicans.
 
The reality is that GWB's mistakes did cause gyrations in the market -- but so do BO's. Markets do react negatively when there is a perception that their leaders are making ill conceived (although well intentioned) decisions. But, news organizations should report honestly no matter who is in charge.
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