The United States people just gave JPMorgan $25 Billion dollars, so they could stay alive. So why should they care, or have a say, about extending Healthcare to more us?
We've been hearing a lot of talk lately about how it's easy to beat-up on the banks and the people who run them into the ground. The late-night personalities love to poke fun, and we've all heard comments amongst our friend and family about how much bailout money they received. Everyone loves to hate them.
But after giving them Billions of tax dollars, you'd think they would try to keep a low profile. You know, stay out of the limelight for a while. Keep clear of controversial issues--like HCR and a public option--that might bring even more negativity to their ilk.
You'd think that. But not JPMorgan. For some reason, they think it's necessary to jump into the healthcare debate, and let us all know where they stand. Where do they stand, you ask? Against any sort of public option.
The Business Roundtable, comprised of chief executives at Verizon Communications, JPMorgan, General Electric, Wal-Mart and other companies that together employ more than 12 million people, said the federal government is inefficient and would underpay providers. "A public plan would neither manage cost nor encourage innovation...."
Granted, this death to inovation public option won't even go into action for 5 years, and individual states will probably be able to opt-out if they want. But there's JPMorgan's executives voicing their non-relevant disapproval.
Please. If it wasn't for the US taxpayer, JPMorgan probably wouldn't be around anymore. Save the editorializing for your backroom cocktail parties, and let the American public do the hard work of fixing a broken healthcare system.
Why again didn't we just nationalize the big banks? We paid enough to buy them, but we let them keep the keys. And now we have them lobbying against the ethical thing to do. Amazing.