Tuesday, November 10, 2015

Fourth Republican presidential debate

A little liveblogging.

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John Kasich, managing director of Lehman Brothers when it collapsed, is explaining what the federal government should do when a company like, well, Lehman Brothers becomes insolvent. This guy is a caricature of everything that is wrong with the contemporary Republican party.

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Carly Fiorina says we need more troops in Germany. I guess 38,000 isn't enough.

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Donald Trump says we shouldn't fight the rest of the world's battles for them. He suggests we should learn from our past mistakes. Jeb Bush wants more Iraqs, Afghanistans, and Vietnams. If nothing else, Trump deserves a medal for destroying Bush's campaign.

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Someone get Kasich a tissue. He's like a door-to-door salesman who won't let you go back to dinner.

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Rubio's phrase "committed isolationist" translates to "not being devoted to trying to police the world, install liberal democracies at the point of a gun in tribalistic societies that don't want them, and possibly start World War III in the process".

The neoconservative movement is alive and well in Marco Rubio.

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Jeb Bush: "[blah blah blah] and the government would get the revenue to make things better."

Good grief.

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Imagine if car insurance was like health insurance. Your insurance would pay for you to fill your tank, get your car washed, have your windows detailed, and change your oil. But when your motor or transmission went out, they'd max out coverage at $100 and you'd have to pay the rest.

 Insurance should protect against catastrophe while allowing market pressures to keep costs down for the routine stuff. The American health care system works in the exact opposite way, and consequently costs are absolutely out of whack.

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Trump/Cruz 2016. It's enough to get a guy to vote Republican again.

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Donald Trump points out that the US should do what Israel does. It works for them, it'll work for us.

Then he refers to Eisenhower's Operation Wetback. The US did it 60 years ago. We can do it now.

Donald Trump crushes, crushes, crushes political correctness. He is the only candidate who understands the National Question at all.

Why is John Kasich still allowed to waste everyone's time? What a joker.

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Benghazi is a bigger scandal than Watergate, and Watergate brought down the Nixon administration. Props to Carson for calling Hillary Clinton out on presiding over it.

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Rand Paul finally talks about the federal reserve and insinuates that inflation--despite what the Keynesians and the monetarists argue--is actually a bad thing. The power to create fiat money that is not tied to anything of concrete value is the power to perpetually tax the entire population, and to do so furtively. If the real value of a dollar stayed constant, or even decreased, there would be no need to increase the minimum wage for people to enjoy a higher standard of living.

Why did it take this guy four debates to pick up where his dad left off?

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Supply and demand operate in the labor market. Cut out the tens of millions of illegal immigrants who increase the pool of unskilled labor at a time when that unskilled labor is becoming less and less useful and wages will rise.

2 comments:

JayMan said...

"Insurance should protect against catastrophe while allowing market pressures to keep costs down for the routine stuff. The American health care system works in the exact opposite way, and consequently costs are absolutely out of whack."

There is some evidence that that doesn't work.

Audacious Epigone said...

Professionally, I've seen outrageous examples of prices having absolutely no bearing on cost realities (not just economic costs, but opportunity, etc), like a glass of milk being billed at $50 during an ER stay. If auto insurance covered oil changes, no one would be using SAE generic oil, that's for sure.

Do you think recreational health care is an issue (people going for medical care that they don't need and that likely has little to no influence on actual health outcomes)? I suspect you would given the emphasis you put on heredity.