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Tuesday, August 4, 2009

OP/ED: Financial Mental Health/ Myths, taken as facts/ Facts taken as myth; within debate!/ J. Darroll Hall 08/04/2009

For Immediate Press Release:
#1 BEST SELLER* FINANCIAL MENTAL HEALTH AUTHOR: J. Darroll Hall weights in on the healthcare firestorm gripping Washington and the nation today.
Hall, who wrote the bestseller; Wealth Building 101, Book 1; “Double Down Bounce: How to make huge profits in a volatile stock market!” Which soared to the top of Warren Buffett’s own Intelligent Investor Club website in only 30 days** writes the following today!!
OP/ED: Financial Mental Health/ Myths, taken as facts/ Facts taken as myth; within debate!
The train wreck of health care; which has been unfolding endlessly on twenty-four news appears to be focused on the punches landed, and the ‘off the rails’ scattershot of policies within the various bills before a divisively split Congress; and not the real issues facing most Americans.
Not only is the GOP ‘party of no’ strategy; and tactic of ‘scaring the B’Jezis out of every constituent/ sector’, gaining ground. The caught-up, spin cycle Blue dogs, appear to be, just another weapon in the arsenal of republican tricks, which has POTUS’s want for effective reform not only weakened, but at the rate of disintegration the well funded health/insurance interest appear to be making out like bandits in new policies headed toward inclusion in a new legislative bill. This is happening while all the effective reforms are stripped away one after another.
POTUS may have won ‘boys night out’ at “Lager Fest 2009, the white house roundtable edition;” but the brutal pounding he is taking daily, which is stripping away approval points on every other opinion poll topic, seems a non-recoverable freefall, tarnishing his over all agenda of “Real change you can believe in!”
1. Less than one in ten, (1 in 10) Americans have a Cadillac plan which would cover all the cost associated with a catastrophic health crisis.

2. Less than two in ten, (2 in 10) Americans have an adequate plan which would cover 80% of the cost associated with a catastrophic health crisis.

3. Less than three in ten, (3 in 10) Americans have an adequate plan which would cover 70% of the cost associated with a catastrophic health crisis.

4. Medical bills are involved in more than 60 percent of U.S. personal bankruptcies, an increase of 50 percent in just six years, U.S. researchers reported Thursday.
5. More than 75 percent of these bankrupt families had health insurance but still were overwhelmed by their medical debts, the team at Harvard Law School, Harvard Medical School and Ohio University reported in the American Journal of Medicine.

6. Americans age 55 or older experienced the sharpest rise in bankruptcy filings during the 16-year period between 1991 and 2007, according to a report released by AARP, "Generations of Struggle." The rate of personal bankruptcy filings among those ages 65 or older grew by 125 percent, while the bankruptcy rate of seniors ages 75 to 84 jumped a stunning 433.3 percent.

7. Using a conservative definition, 62.1 percent of all bankruptcies in 2007 were medical; "Most medical debtors were well-educated, owned homes and had middle-class occupations, but found in the end they were ‘woefully inadequate’ in insurance coverage.”

8. 92 percent of these medical debtors had medical debts over $5,000, or 10 percent of pretax family income!

9. A whopping 87 percent of workers of those diagnosed with catastrophic illness, who changing jobs, are considered uninsurable by their new employer. The black-hole and dirty little secret of big insurance; ‘preexisting conditions.’

10. Retired seniors earning less then $800 total S. S. benefits as their only mean of support, spend 40% on health care co-pays, and fees as a ‘subsidy’ (payoff) to health care and big insurance as a whole.
“The real truth of Obama’s push; is what has happened to productive middle class jobs in America, and the entire collapse of the manufacturing sector as a percentage of GDP. The over burden of healthcare cost for employers who can no longer compete on a level playing field with manufacturing giants like; Germany, Great Briton, and Japan ahead already; even France and Italy are on target to outpace us overtime, if these crushing cost continue to rise at such a rapid percent of cast that healthcare inflation is creating.”
“Patient outcomes, dollar for dollar, in medical care has under-preformed the industrial nations as well. Leaving U S citizens paying more and getting less in real medical outcomes; and leaving us as “third world status” in far too many of health’s related statistical database numbers, i.e. infant mortality rate etc…”
“What the POTUS is missing, is the opportunity just laid in his lap by the GOP pushback itself. That effective tactic has placed the economy on the front burner again and on the highest heat setting in the American psyche. “It’s the economy again… stupid!””
“Thirty five (35%) say it, (the economy) is the most critical issue and problem in American’s lives, followed by ending the War in Iraq, (21%, a major champagne issue and promise) and health care coming in at a dismal eight percent (8%). The POTUS must change strategy and tactics; bringing in the “big economic guns” before the American people in an economic summit environment. To finally address the true crisis and lack of economic growth that the over burden of health/insurance sector, inflation and growth are doing in exploding American jobs, lifestyles, saving, bankruptcy rates, while vaporizing the middle class.”
“Until the public overall; can understand this crushing burden to real growth, we are all just hopping onto each newly inflating balloon of wall streets making and waiting for the next needle, (downturn) to prick it’s over inflated shell of a skin.”
“My book; “DOUBLE DOWN BOUNCE 1 (How to make huge profits in a volatile stock market”) (Kindle Edition), lays out strategies to overcome these balloon deflations, and hold investment saving and gains in hard tough time, like we experience today. Even realizing gains: that quote; ‘J Darroll Hall - Investment - The world's greatest investor Warren Buffett says “that he (Hall’s book) can earn you 50% profits per year”) I will add to that, the health care cost over-burden is increasing so rapidly in a compounded way, that no rate of return can keep pace in the long run.”
“If we don’t address this health care crisis once and for all, my opinion is; “The sky will fall,” like those over-inflated bubbles on Wall Street, with it’s skin covering us, and smothering us in unproductive burden’s, which cannot be overcome or sustained under any circumstances whatsoever over the long run.” The US government is the only entity large enough, and who can correct this massive uncompetitive disadvantage the American people suffer from today!”
“Job’s, productivity, industrial output, trade positive exports, technical innovation and superiority, and a productive middle class, which can purchase good and services with disposable income, and steering us back to prosperity and out of the economic ditch we’re in can never overcome this default in our overall strategy as a nation.”
“The ‘small business engine’ has received a six trillion dollar hole blown out of the engine block, by the loss of home equity loans to open new small business’s and hire new productive worker. If this gapping hole in our ability to have real horse power behind any true recovery is not corrected and plugged now, then no changes around the edges of big healthcare, insurance, and Pharma, will help at all in this.”
“Wall Street and AIG’s reckless actions have left no compression or power in small business engines to speak of, and without a new way for creative, and inspired entrepreneurs to leverage assets, (home equity) and open up new ideas, product launches, etc… we are lost as the ‘number one innovator in the world’, for at least this new generation, if not for many more to come.”
Author J. Darroll Hall, of the “Wealth Building 101” series on Amazon kindle! Number one #1 bestseller concludes:
“This crisis is far bigger than one’s faced by Kennedy, Nixon, Carter, Reagan, (my hero) and even Bush with the 9-11 tragedy. Yet, it is being treated as ‘too many broken parts’ in the blown ‘economic engine of small business’, to be addressed right away. Where is the “call to crisis mode,” from all these ‘Brightling’s’ (Tsar’s) in the new Whitehouse? Where is the group of economic mechanics, gathered at; Tsarsfest 2009’s; let’s fix the entire ‘blown engine’ party now roundtable summit?”
“We need to wake up; and dismantle the small business engine and reassemble a newer, leaner, and lighter, high-horsepower, healthcare included optioned; 440 V8 with two holly double pumpers (FED and Treasury) blowing gas (cash) full speed into every economic cylinder of that new engine. Throw in some nitro fuel, (0% interest loans directly to entrepreneurs on just a signature) for anyone who will risk it all on a new idea, opening a new business and hiring people.
“Throw in a jet “afterburner’, (no taxes of any kind for twenty-four months on all new hires…) The unemployment rate would go to zero in months… not years. The upsurge in wages and consumer spending would flood the market for new goods and services for all these new green shoot companies, creating an upward cascade effect. And yes, maybe some inflation, causing the fed to raise some interest rates to tamp it down, (no need to over-rev a new, more powerful engine!)
“Were in a G.D. crisis folks, look at the auto as a whole (that is America), new tires, (roads) , new alternator (wind farms and energy), new battery, (wall street bailouts) and more new hang-on engine accessory’s etc… out the ‘stink hole’ (rotting, and decaying economic outlook of average Americans). Fix the damn motor (economic engine) first, ‘nothing will move along without the horsepower to drive it.’ The other nice new parts can be put on the stalled car once it is on the move… WAKE UP TSAR’S, EARN YOUR KEEP, LEAD, FOLLOW, OR GET THE HELL OUT OF THE WAY AND RESIGN!!!!”
My thanks to you for giving me new book Idea: “How 100 Tsar’s, can’t screw one new light bulb in without a socket!
Author J. Darroll Hall, of the “Wealth Building 101” series on Amazon kindle; and Number one (#1) bestseller on; Warren Buffett’s Intelligent Investors Club website for investment mental health related recommended read’s:
Reproductions and use are authorized by the Author of this written work product for valid news organizations only. All other copyright implications remain in full force ©2009 J. Darroll Hall,, (website and blog) and Fantasy Island Book Publishing respectively.
©2009 All rights reserved. No part of this writings, or work manuscript may be used or reproduced in any manner whatsoever without written permission as expressed above, except in the case of brief quotations embodied in critical articles or review. For information contact the author at:

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