Herb Kay's S.O.S. System
  October 10, 2009
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
Pursuing Worthwile Goals
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
Healthcare and the President
 

Like millions of other Americans, I watched the President deliver his speech on healthcare before Congress, shouting and all. As neither a Democrat nor Republican, I am unfettered by the need to promote some party line or talking points. But I do have an opinion.

So here are my impressions:

  • The President does not either accept or understand how markets work. I have seen this in pretty much all of his utterances on business and markets in general. I am not sure if he is a socialist at his core or just doesn't accept free market principles, but regardless he doesn't get it.
  • The President freely uses stories without foundation to support his arguments. No, I am not calling out "You lie!" However, I am calling him a pretty typical politician. For example, he cited in his speech a couple of examples of insurance companies dropping coverage on sick people. He just conveniently left out the part about how both of his examples lied on their insurance applications about their health histories and how one of them got covered for a major treatment anyway! Oh, and he left out the part about how health insurance is not like car insurance in that it is illegal for any health insurer to drop anyone for any reason other than they lied when they filled out the application. If you tell the truth on your application, get accepted, and then get sick later, you have absolutely nothing to worry about. If you lie, you do. Which is only right and logical, no?
  • President Obama keeps talking about saving half of the cost of the new health reform with savings in Medicare by reducing "waste". Okay, trivia question, has there ever been a successful government run program where waste has been eliminated? No, not one. Since government programs are run by bureaucracies as opposed to private companies, profit and loss are not concerns to be considered. Why would anyone expect waste to be eliminated without consequence? This is why seniors hear "savings" and think "rationing". They are correct as the ONLY way for a bureaucracy to save real money is to ration benefits, period.
  • Look gang, the thing is that we need to discern the difference between a problem and a crisis. Health care and its cost are a problem, sure; it is not a crisis. We can do a couple of common sense things like malpractice reform and opening up insurance to interstate competition (like practically every other kind of insurance) and leave it at that for now. After all, in case anyone hasn't noticed, we are in the middle of a deep recession and this is no time to monkey around with a sixth of the whole economy, especially in a rush.
  • Which leads me to my last question: Since it is a given that most, if not all of the politicians voting on this thing have not actually read the bills (there are several and each is over 1000 pages), why the rush giving everyone a chance to study? Could it be that the more you know, the less you may like it?