- The new health insurance reform law creates a patient's bill of rights that increases your liberty when you go to the doctor. Taking effect this fall, those rights include the right to keep your health insurance when you get sick, choose your own doctor, and get emergency care without insurance companies restricting payment to only their chosen network of facilities. Of course, South Dakota's GOP House candidate, Kristi Noem, wants to take those rights away from you.
- The Troubled Asset Relief Program is a moneymaker. So far, we're $10 billion in the black, with the 61 banks that have fully repaid our Depression-stopping loans giving us a 10% return on investment (10%—and how's your portfolio doing?). One big reason banks have hustled so hard to pay back our loans: executive salary caps! The sooner the banks pay their loans, the sooner their executives can get back to making millions more than the $500K cap we imposed as a condition of taxpayer largesse. I guess socialism can be an effective motivator.
- President Obama also appears to be helming an economic recovery... or so says Warren Buffett, a fellow not known for economic wishful thinking. Buffett disputes Nobel-winning economist Paul Krugman's contention that we are slipping into a Third Depression. Buffett says the stimulus was the right thing to do, has worked, and will keep working, producing a better economy over the next few years. He does agree that we need to check the debt as the crisis passes and confidence rises, but he also thinks making cuts on the backs of the unemployed is a bad idea.
In other words, keep on truckin', Mr. President!