03 October 2009

Political theater bullshit.

Marginal Revolution: Sentences to ponder: "Sentences to ponder

Democrats on the Senate Finance Committee voted Thursday to encourage limits on the compensation of insurance executives, responding to charges that expanding health insurance coverage would enrich insurance companies.
So the plan is to funnel more resources to certain companies, while simultaneously limiting the ability of those companies to employ the most talented managers they can. Genius! It's much too much work to correct the semi-unintended consequences of your actions, but it's way easier to just enact punitive measures against people sort of related to any beneficiaries who happen to be unpopular. Plus there's the added bonus of getting to stick your fingers into even more pies! Hooray!

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