And that is all.

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Saturday, November 8, 2008

3 Wood: Obamanable Reuter Shilling

Death on Two Legs
You suck my blood like a leech
You break the law and you breach
Screw my brain till it hurts
You've taken all my money
And you still want more

The election is over but Reuters is still shilling for Obama with everything they have:

Obama healthcare plan boon for hospitals: Moody's

"WASHINGTON (Reuters) - President-elect Barack Obama's plan to extend health care to uninsured Americans will provide a boon to hospitals, along with medical centers and hospital equipment makers, according to Moody's Investors Service.

"Moody's estimates that the annual cost of the plan could be on the order of $100 billion to $200 billion, inclusive of participant contributions, on top of current annual government spending of about $800 billion," the rating agency said in a report this week.

"The expected spending could positively affect the top-line growth of many health care providers," the rating agency added, noting that the agenda of Obama's Democratic party includes increasing research funding and providing $10 billion over five years to health care providers to build up electronic-information systems.

The agency added that for-profit and non-profit hospitals alike could benefit from the plan, which was a cornerstone of Obama's campaign. He was elected president on Tuesday and will be sworn in in January.

The plan will raise some revenue by taxing larger employers that do not offer health coverage, Moody's said.

Because the plan would increase the number of insured patients and the amount of reimbursements for care, hospitals could benefit directly and indirectly, Moody's also said.

"The improvement would be direct, through reimbursements, as well as indirect, if more people seek primary-care treatment in a more-appropriate setting such as a physician's office or a clinic, for example, rather than in an emergency room," Moody's said. "This would free capacity and reduce pressure at hospital (emergency rooms), many of which are operating well-above capacity."

So, raising taxes on employers in a recession is seen as a good thing by these people. For a historical refernce, go check out what happened int he early 1930" when then President Herbert Hoover raised income taxes and corporate taxes after the crash of 1929. A little thing called the Great Depression followed and we had to go through WWII to get past it.

Get used to the outright shilling and campaigning folks. As Chrissy Matthews said, they (the MSM) see their job as assisting Obama to succeed.

Next step, internment camps for dissenters.

I hope I get a cell near Babba.
~ 3 Wood

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