November 7, 2013
Otequay of the Ayday
PPACA Edition - (I regret to admit that I misnamed the "Horror Story of the Day" category for Obamacare. I left out the P P.)
This difference in reactions to failure dramatically highlights the primary reason for repealing Obamacare and replacing it with market-based reform. As the Edsel flop demonstrates, businesses in the free market are quite capable of making colossal mistakes. However, when they do so and the customer rejects their products, they make the necessary adjustments. And, despite the widely believed myth that the market fails to work for health care, any private enterprise that had produced an unpopular mess like Obamacare would by now have shut it down. But the President won’t even consider delaying it. Why? Because his customers are required by law to avail themselves of his third-rate services.
From 'Obamacare and the Edsel: A Tale of Two Lemons' in American SpectatorACA Horror Story of the Day Economics and Markets Government Quote of the Day Posted by JohnGalt at November 7, 2013 3:19 PM