Rotsa Ruck Taming This Corporation

August 6, 2010

Good luck taming this corporation
Michael Medved
USA TODAY

What's the most powerful, arrogant and dangerous corporation in the world?

BP, the much reviled energy company, isn't even close: With just 80,000 employees, it boasts a mere fraction of the more than 4 million workers and contractors that the biggest, baddest corporation commands. The investment bankers at Goldman Sachs enjoy enormous influence and prodigious profits, but their gross revenue in 2009 of $51.6 billion was dwarfed by a far more formidable operation that took in more than $2.1 trillion. Full Story

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Obamacare Only Looks Worse Upon Further Review
Kevin Hassett

One of the more illuminating remarks during the health-care debate in Congress came when House Speaker Nancy Pelosi told an audience that Democrats would "pass the bill so you can find out what's in it, away from the fog of controversy."

That remark captured the truth that, while many Americans have a vague sense that something bad is happening to their health care, few if any understand exactly what the law does.

To fill this vacuum, Representative Kevin Brady of Texas, the top House Republican on the Joint Economic Committee, asked his staff to prepare a study of the law, including a flow chart that illustrates how the major provisions will work.

The result, made public July 28, provides citizens with a preview of the impact the health-care overhaul will have on their lives. It's a terrifying road map that shows Democrats have launched America on the most reckless policy experiment in its history, the economic equivalent of the Bay of Pigs invasion.

Before discussing what the law means for you, we have to look at what it does to government. That's where the chart comes in handy. It includes the new fees, bureaucracies and programs and connects them into an organizational chart that accounts for the existing structure. It's so carefully documented that a line connecting two structures cites the legislative language that created the link.

Ornate System

This clearly is a candidate for most disorganized organizational chart ever. It shows that the health system is complex, yes, but also ornate. The new law creates 68 grant programs, 47 bureaucratic entities, 29 demonstration or pilot programs, six regulatory systems, six compliance standards and two entitlements. Full Story