In recent remarks to business leaders, President Obama declared himself an “ardent believer in the free market.” So, there is at least one person who is an ardent believer in that sentence.
Just this week, I had lunch with a very prominent, sane, and successful Wall Street executive who was CEO of a big-name firm. He left more than a decade ago, during an era when those folks did so with pride rather than with investigations and grand jury subpoenas.
While we ate, we worried aloud about what’s going on in Washington – the new financial capital of the world. My guest cautioned about “becoming too negative as we age.” I tend not to think of myself as aging, though I did note that last year’s inauguration marked the first time a U.S. president was younger than me. And I hardly think our lunch conversation qualifies us as “Grumpy Old Men.”
But if it does, the prospect of Medicare in a few years is looking better and better, particularly in comparison to the vagaries of the private health-insurance market. If the President truly wants us to see him as an “ardent believer” rather than a Socialist, he should be thankful that few have digested his latest healthcare proposal.