Friday, May 03, 2013

Obamacare In Rough Seas

... looks like this.

That's the supertanker Panamax, a behemoth longer than three football fields, taking on heavy seas and plowing right on through.

It's also an allegory for a 2,200-page piece of legislation. Once Obamacare is in place and semi-operating, the bureaucracy and legal structures created by it will gain ginormous momentum.

When the economy falters, you might think that a crushing regulatory burden could be stopped by wave after wave of fiscal losses, but take a look at Europe. They're running from one printed money rescue to the next and they still won't let go of their monstrous, economy-deadening regulations.

The only way to stop the Panamax is to sink it. And that's no easy task, either.

No comments: