Obamacare in Flames

The roll out of Obamacare has been an unmitigated disaster.  From myriad technical failures, to minuscule registrations; from "You can keep your plan," to "no, you can't," to "your old plan was bad," we've been shown time and again that this administration hasn't the faintest idea of what it is doing.

They see their panacea.  The only trouble is that they're so inept that they cannot find a way to execute so that the bloated pig that is the federal government can take over 1/6 of the US economy once and for all.

And now, finally faced with push back from a formerly-fawning media, Obama just flat out says the law he asked to have pass just won't be honored.  And those policies that were cancelled?  Well, we didn't really mean that in the law.  Those companies can offer those policies up again, OK?

The biggest problem in all of this is the reputation of the Obama administration.  What they've done to their enemies via the IRS (and what they've likely done to their enemies via the NSA, just ask David Petraeus, but just don't ask him electronically - Hi NSA!), this group has zero credibility.  The guy once said "You can keep your plan.  Period," but then we found he lied.  Now he's saying just ignore the law?  

Yeah, right.

Two things are going to happen.  1) Those cancelled policies come back on line, leaving those opting in for Obamacare to be the sick and the old, which will then, in turn, have rates skyrocket.  2) A jaundiced public and insurance industry just flat out ain't gonna trust Obama to keep his word, and the USS Obamacare keeps on the same course and continues to sink from its own bloated weight.

Either way, the law as it is currently configured, is doomed.

And since it deals with a massive amount of our economy, so, too, may be our economic prospects.