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OBAMA DOESN'T UNDERSTAND ECONOMICS

The other day, President Obama said a government run health care option was needed to keep the private sector honest.  This is exactly what you would expect from a committed leftist.  Competition among private sector firms is what keeps the private sector honest, not competition from the government.  The government has no bottom line.  It can lose money year after year and still remain in business.  Private sector firms cannot operate that way.  Either Obama doesn't understand economics or he is deliberately trying to destroy private sector health care.
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