Laissez Faire Links: Myths Agaisnt Capitalism, Obamacare, Budget Talks, and the Index of Economic Freedom

Myths against capitalism, Doctors under Obamacare, budget cuts in lieu of growing government (how can that be?), and a decline in economic freedom for Americans are up for discussion today.

  • Check out Don Watkins’ new article over at the American on the common equation of successful businessmen with “greedy capitalists”.  The comparison often made between crooks like Bernie Madoff and successful businessmen such as Bill Gates or Steve Jobs are erroneous at best.  On the contrary, the two are polar opposites.
  • Ari Armstrong points out the new problem posed by Obamacare in Under ObamaCare, “The Doctor Can’t See You Now”
  • The Republicans are just as guilty as the Democrats regarding our growing welfare state.  Michael A. Laferrara discusses the supposed “cuts” from SNAP proposed by Republicans.  The important point to note, however, is that no entity in Washington questions the morality of federal assistance and its growing role in the daily lives of Americans.
  • Indeed, federal assistance has become its own institution in Washington, often dominating political issues as fundamental and basic as the fiscal budget.  The current shutdown is a result not of politics in itself, but a fundamental disagreement between left and right on the scope of government involvement, symbolized most prominently by Obamacare.  The Senate rejection of House budget proposals along with current polls of Obamacare indicate that Washington listens little to the people when making decisions that affect them on a daily basis.

In every poll conducted by eight major national pollsters this year, opposition to the Affordable Care Act outweighs support. In the September 2013 CBS News/New York Times poll, for example, 39 percent of respondents approve of the law and 51 percent disapprove. In the mid-September Kaiser Family Foundation poll, 39 percent have a favorable view of it and 43 percent an unfavorable one. The late September CNN/Opinion Research Corporation poll found 38 percent in favor and 57 percent opposed.

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