After seven-plus years of a full frontal executive and legislative assault on our economy, healthcare system, and education system, it's easy for conservatives and libertarians to be pessimistic about the country's future. But this country is far bigger than either President Obama or the feckless leadership on Capitol Hill, and there is hope.
Now, here's the good news. We will fix this, and even in this sea of negativity and poor leadership, there are some buoys of hope within our reach.
On the Economy
With the election of a principled conservative as the next president, we have the stored economic potential energy to generate a kinetic explosion of growth. Due in large part to the regulatory uncertainty imposed on American businesses through the Obama administration's ever-expanding bureaucracy and red tape, combined with unpredictable tax penalties for repatriation of overseas corporate revenues,
American businesses are holding on to boatloads of cash. A long overdue cut to our world-leading corporate tax rate and simplification of the corporate tax code, combined with a conservative president's commitment to leveling piles of regulations from the CFPB, EPA, FCC, DOJ, IRS and more, has the potential to unleash our stored economic potential.
On Healthcare
A conservative president, in light of the devastating failures of Obamacare, has the chance to institute some revolutionary healthcare reforms which could transform the system. Ironically, Obamacare's failures to control the costs of both healthcare insurance premiums and the out-of-pocket costs to consumers have created an opening for the next president to make the case for more free-market influence in our current government-centric system.
Obamacare's untenable mandates to participating healthcare insurance companies, which required them to provide coverage for healthcare services many Americans neither wanted nor could afford, assisted in pushing the costs for participating insurance companies into the stratosphere. To stay solvent, many of these insurance companies were forced to either lose money and threaten their viability, exit the Obamacare exchanges, or charge sky-high deductibles to recoup some of these costs.
Combine this with an unexpectedly sicker risk-pool of new Obamacare customers and even a liberal economist could see the cost-explosion writing on the wall.
Read the third piece of the formula here
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