The reality that the corporate community is now progressive/socialist is, at least on the surface, perplexing. But this past week, three big players in this mold broke ranks with the herd, even though few recognized it.
Amazon, Berkshire Hathaway and JPMorgan Chase announced a partnership this week to bring down health care costs for their employees. It is not clear how they plan to do this. But let's consider their respective histories.
Amazon is led by Jeff Bezos who has contributed to left-wing media bias through his ownership of the Washington Post. He has supported lax, lenient immigration policies because they provide him with low-wage workers to enhance Amazon's profitability at the expense of American college graduates.
Warren Buffett owns our own local democratic socialist rag, the Greensboro News and Record. His Berkshire Hathaway is one of the three corporations involved in this health care cut-cutting effort. He famously in the past feigned unhappiness over the fact that his secretary paid taxes at a higher rate than he did.
Jamie Dimon of JP Morgan Chase used to be openly cozy with Barack Obama.
These three men have been solidly within the democratic socialist camp. The fact that they felt the need to launch this new initiative means they are acknowledging that Obamacare has failed to contain health care costs.
And, in fact, it has.
The great Obama's promise was that American families were going to save $2500 per year on insurance premiums. Instead, premiums on the Obamacare exchanges have exploded for those who do not receive subsidies. This was perhaps the single greatest fraud ever visited upon the American people by an American president. Of course, health care expenses have also increased significantly since passage.
The Affordable Care Act, of course, was a crony socialist piece of legislation designed to pay off certain industries-- the pharmaceutical industry, hospitals, Big Data and health insurers especially. Some insurers have had buyer's remorse during recent years, understanding that they had miscalculated.
Obamacare was passed based upon a set of promises that relied upon the economic illiteracy of the general public. The promises made could never be kept under Obamacare; and the American people were openly and repeatedly deceived by the socialists. The laws of economics simply could not be suspended just because there was a putatively well-intentioned effort to socialize the health care system.
Now, Bezos, Buffett and Dimon are proclaiming vociferously through their actions that Obamacare did not work. They are admitting that they were completely, utterly wrong about Obamacare. They feel they must devise a new system for their own employees... if Big Brother in Washington will allow them to do so.
Recent events have revealed that the Republicans, who now control D.C., are just as enamored with Obamacare as the democratic socialists used to be. They don't think highly enough of creating a true free market in health care to prompt them to actually do it.
Indeed, during the recent government shutdown confrontation, they actually used the renewal of the Children's Health Insurance Program (CHIPs) as a rhetorical weapon against the socialists.
"We, the Republicans, support socialized medicine for the kiddies, and the socialists don't!" That is essentially what they were telling the American people during the recent shutdown.
Bezos, Buffett and Dimon are obviously very astute businessmen, but their politics absolutely stink. And they will never openly admit how wrong they were about health care.