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Posts Tagged ‘timeo danaos et dona ferentes’

Obamacare Trojan Horse: Is White House Muzzling Insurance Companies?

Posted by Larry Doyle on October 31st, 2013 9:30 AM |

Classics scholars are familiar with Virgil’s legendary warning, “Timeo Danaos et dona ferentes,” i.e. “Beware of Greeks bearing gifts.

Just as the Greeks on the mainland would have been well served to be leery of what the Trojans were hiding in their “gift,” the American public may also want to be very careful as to what lies deeply within the administration’s newly released horse, aka Obamacare.

If transparency is indeed the great disinfectant, then there is seemingly a lot that might smell in the Obamacare stable. Put on the heavy boots and let’s navigate. (more…)

Greek ‘Drama’ Only in First Act, or ‘Beware of Greeks Bearing Gifts’

Posted by Larry Doyle on April 6th, 2010 1:42 PM |

Prior reports that Greece’s financial problems are now in the rear view mirror are exceedingly premature.

As we navigate ‘across the pond,’ we learn that the Financial Times’ Wolfgang Munchau believes Greece Is Going to Default but Not This Year:

Greece will not only have to make an extremely large public sector deficit reduction effort but it will also have to do this under a condition of disinflation, and possibly deflation, which would push its nominal growth rate to negative levels during the adjustment period. That, in turn, would jeopardise the debt reduction programme of both the public and private sectors. Under those circumstances, there is no way that Greece could ever stabilise its debt-to-gross domestic product ratio, no matter how hard the government of George Papandreou tries.

To get out of this mess, one of five things will have to happen. (more…)






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