Writer fails to mention that well more than half of bankruptcies in the United States are a result of Health Care costs (I think the exact number is 68%). His analysis that Health Care has nothing to do with the crisis is simply wrong. Health Care costs have tripled over the past 10 years. It is hurting large corporations who provide these benefits to their employees (like GM) as well as individuals as is evidenced by the high number of bankruptcies due to health care costs. The increase in bankrupcies surely contributes to the banking crisis as those individuals default on their loans.

__________________


my experience on X5world when I spend too much
time posting in political threads in the lounge...