Appreciate the cogent note. My point is that now the expansion of Medicare will include a new entitlement (new entitlements had been anathema to the Republican platform until the Dems put them in the hotbox). Though there seems to be a means test attached, still ALL seniors will get a subsidy from the workong young (even multi millionaires) wrong from my standpoint...though I am one of the relatively wealthy retirees who would gain from the sweat of my childrens brows. The less fortunate can be helped now, by the plans already in place by the pharmaceutical companies. I used these successfully for my patients for years, and no request for free medications was ever refused. (cf www.themedicineprogram.com or www.phrma.org), or the government aid could be channelled through other agencies, such as Medicaid, and thus avoid the inevitable bloated growth that invariably follows new Medicare programs. Don't really get the statement on mandated car insurance. The last time I checked, the state wasn't subsidizing premiums for anyone. (directly anyway)
great advice!! I'm only up 500% on LLY in 8 years. Ya, I bought some of those wonderful .com wonders--one is off 60%, the other MSFT is off 30%. 60-70% of nasdaq stocks are 20-30% off this year so GOOD LUCK BUDDY--BUY YOUR QQQ--yep, that 80-100 PE is WELL worth it.
It doesn't matter which puppet wins--1) there will be a drug bill 2) Bush will never have price controls 3) Alwhore is NO Billyblob (perhaps in lying ability but not with the rhetoric or interns) 4) The pharma companies learned from the 92 debacle and are loaded for bear--they've donated big to both sides in Congress (which is who writes and passes the laws) so they WILL WIN.
If Al wins, I'm buying on the big dips (LLY and others) and just like the last 8 years, I WILL BE REWARDED.
Agree. My experience also, with 400%+ gains (plus a tidbit of dividend yield that most NASDAQ listings don't have). Bush's capitulation to a drug/Medicare "entitlement" is irritating (cf his speech Sept 5th), and may presage price controls down the pike, but hopefully, when in office, he can conveniently forget some campaign promises, as did Messrs Gore and Clinton in 92 and 96.