Last updated on: 8/30/2010 | Author: ProCon.org

Investor's Business Daily (IBD) Biography

Position:
Con to the question "Is the Patient Protection and Affordable Care Act (Obamacare) Good for America?"
Reasoning:

“What have the congressional Democrats who rammed through their health care overhaul been watching over the years as both hard and soft socialist governments have either collapsed, continued to bring misery or become unsustainable? Despite ample evidence that a welfare state cannot thrive, these lawmakers have forced on the country a “reform” that will load Americans with a burden they will not long be able to bear…

Given our lawmakers’ inability to learn from the health care policy blunders committed in Britain and Canada — which is reassessing its model because of ruinous costs — no one should be surprised when rationing by bureaucracy becomes a feature of the U.S. public health care system.

There should be no shock when waiting lists for treatment are simply rosters of Americans suffering — and in some cases dying — from a lack of care. No astonishment when those who do get treatment get substandard care, no dismay as a two-tiered system develops in which the more important among us get top-flight medicine while the rest get what the public clinics have to offer…

If we surrender ourselves to the soft tyranny of elected officials gone too far, we will be leaving an America that future generations won’t want.”

“The Doctor Will See You Later,” www.investors.com, June 7, 2010

Description:

“Investor’s Business Daily is a leading financial news and research organization recognized for proprietary stock screens, comparative performance ratings and a record of identifying stock leaders as they emerge. IBD’s companion website, Investors.com, offers stock tools and research for investors of every level. These include the IBD University learning center, IBD TV market videos and audio interviews, intraday reports on market action and the IBD Stock Checkup®. IBD hosts popular investment workshops and provides Home Study programs based on top-performing growth strategy, the CAN SLIM® Investing System. The newspaper was founded April 9, 1984 by William J. O’Neil, who originated the investing system that has outperformed major market indexes* for decades. The system is outlined in his bestselling book, How to Make Money in Stocks.”

“Consumer Confidence Declines in July; Second Month in a Row,” www.investors.com, May 11, 2010

Mission:

“To help individual and professional investors make better decisions in less time.”

“About IBD: Our Company,” www.investors.com (accessed Aug. 30, 2010)

Other:
None found
Quoted in:
  1. Will the quality of care from public health programs such as Medicare and Medicaid improve?