Climate War, Private War
Research for Online Investors

by John Dalt

7/8/09

The World’s number one world improver is at it again.  Yesterday at Oxford, Al Gore accused governments of “exploiting ignorance about the dangers of climate warming.”  He went on to compare the “threat from climate change was as urgent as that from Hitler.”  Wow, how do you engage a raving lunatic?  Sorry Al, you cannot refer to climate warming anymore, reports are the climate has cooled the last two years.  Stick with “climate change.”

Gore evoked Winston Churchill’s memorable rallying of the British public to resist and fight the Nazis.  He should remember that Britain voted Churchill out of office within two months of the Victory in Europe.  Winston was trotted out as a War Hero until his death.  Can we declare victory (since the climate is cooling), retire Gore to a quite mountain home, and trot him out once every few years as a “climate hero?”

The London Times has the story on Al Gore lecturing the unclean at Oxford on climate change.  They even have video if you can stay awake.

More comes out on the decision by Walmart to endorse the administration’s plan for employer mandates for health insurance.  Media reports indicate that Wal-Mart made this decision so they would “have a seat at the table.”  Wal-Mart believes they will be able to influence the final version of any legislation to suit their interests.  They will be used or abused, nothing more or less.

Sitting down to eat with a vicious animal (government bureaucrat) is not my idea of a congenial dinner party.  Both parties are at the table, but with different agendas!  Ayn Rand saw this perfectly in Atlas Shrugged, I encourage you to read it if you have not.

Come sit down and negotiate, then we will eat.

I submitted to publish, “Walmart, Did they drop the Soap” to a popular stock market web site, they changed the title to, “Walmart Finally Succumbs to Government Pressure on Employer Mandated Health Coverage.”  I laugh every time I read it.  I like my title better.

Walmart will have their John Galt moment, when they look in the mirror and realize they have sown the seeds of their own destruction.  I am always amazed at the Chamber of Commerce or other “business groups” that bite at the tiny morsels given to them while the feast is taken away in large chunks.

I talked to subscriber Greg L. in Atlanta; he told me the administration is pressuring Bank of America to unionize their staff.  Wal-Mart will enjoy their “seat at the table.”

The American Hospital Association succumbed to pressure from the administration today.   The AHA does not represent all hospitals.  Many hospitals are very upset.  The AHA agreed to $155 billion of cuts in future government payments, in exchange for no cuts in future Medicare and Medicaid payments.  These payments are already 30% below insurance company reimbursements.  The government is cost shifting almost one third of the cost of these two programs to private health payers.

House Republican Leader John Boehner accused, “The administration and congressional Democrats are literally bullying health care groups and cutting back room deals to fund a government takeover of health care.”  Standard Operating Procedure.

George K. sends in a comment on yesterday’s article on the mortgage crisis.
“Barney Frank is taking Ted Kennedy’s place as the socialist Democrat..We’ll cross that bridge when we come to it, fame.”

The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions.  It may contain errors and you should not make investment decisions based solely on what you believe you have read here.  Do your own research, it is your money.  If you lose it, it is your responsibility, not ours or your grandmothers!  The editor may or may not have a position in any securities discussed.  The editor may have held a position in a security earlier, or in the future.

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