The random political thoughts thread (Part Deux)

Alex · 12-09-2009, 01:14 PM

Oh, doctors and nurses certainly pay a lot for malpractice insurance. But that doesn't mean it is a major component of total cost or inflation.

It's kind of like most CEO's caught up in the outrage over bank failures. Sure they may be paid too much and that may be a moral outrage. But paying Dick Kevocovich $15 million to be chairman of Wells Fargo is not a significant drain on the bottom line.

Or the impact of earmarks on the federal budget. Most are outrageous but they don't do serious damage to the bottom line and eliminating them won't help at the macro level.

12-09-2009, 01:14 PM	#11
Alex . Join Date: Feb 2005 Posts: 13,354	Oh, doctors and nurses certainly pay a lot for malpractice insurance. But that doesn't mean it is a major component of total cost or inflation. It's kind of like most CEO's caught up in the outrage over bank failures. Sure they may be paid too much and that may be a moral outrage. But paying Dick Kevocovich $15 million to be chairman of Wells Fargo is not a significant drain on the bottom line. Or the impact of earmarks on the federal budget. Most are outrageous but they don't do serious damage to the bottom line and eliminating them won't help at the macro level.
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