The Phaserl


Obamacare: Cash for Crony Capitalism

by Kurt Nimmo, Infowars:

Maryland, Massachusetts, Oregon and Nevada have gone through nearly a half billion dollars building inoperable Obamacare websites for vastly overpriced state exchanges. For government, though, nothing succeeds like failure, especially if it rewards selected partners in crime, so the feds will continue with little resistance to pour millions of dollars more down these rat holes. Vermont, Minnesota and Hawaii have also squandered millions on websites for exchanges that are either inoperable or fatally flawed. Remarkably, in Hawaii, the cost per enrollee is $23,899, double that of other exchanges.

“Taxpayers will have to pay whether their state-based exchange fails or not,” Josh Archambault, a senior fellow at the Foundation for Government Accountability, told The Fiscal Times.

The feds have spent near $5 billion to get state exchanges for Obamacare operational. A key tenet of crony capitalism is if project fails or does not work, the government will continue to shovel money into it.

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1 comment to Obamacare: Cash for Crony Capitalism

  • Shadow of Doubt

    Much like in the story- The Emperor’s New Clothes-when is the crowd going to listen to the truth teller(s)… after the politicians & crooks laugh all the way to the bank?

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