Health Care Rights

In response to this Forbes article, I sent the following to Senator Hatch and will also send a similar letter to each of my other representatives, and hope you will do the same.

 

http://finance.yahoo.com/insurance/article/107408/5-freedoms-you-would-lose-in-health-care-reform.html?mod=insurance-health

 

 

To The Honorable Senator Orrin Hatch,

 

Firstly, thank you for taking time to read this letter.  I believe it to be one of the most important aspects of the American life to be able to be represented and give our trust to those we elect to make the proper decisions in our behalf.  However, at times I believe it is also important that the representatives ensure that when their constituents cry out loudly for or against something, even if they believe differently, that they vote in a way to represent the majority of their constituents.

 

Senator, you have served our great State respectively, and I am proud of the freedoms we enjoy in Utah.  As a 25 year old working class citizen who is also attending schooling at the University of Utah and working a full time job as a software developer, I am very concerned about the health care issue.

I strongly believe and advocate that health care issues such as those being debated in Washington should really be left up to the individual States to be decided, and should not be mandated federally.  If a State decides that they want a Universal Health Care program, such as Massachusetts did, they should be able to decide within their State whether that is right for their population.  But other States should have the option of electing to keep things as they are if they like.  No one population is the same, and trying to govern in such ways when it comes to health care I believe is highly inefficient, and will prove to be dysfunctional.  As always, the larger populations will win out against the smaller ones, and we will be forced to follow policies which for example may be necessary for larger, highly urbanized populations, but are not necessary for us.

 

And as you know, the Senate was instituted for that reason.  To protect the interests of the smaller States and give them an equal voice to the larger States in a governing entity. 

 

Utahns are self-reliant.  We understand the need for employment, good health care, participating in the system of government, and being good citizens.  We have different healthcare needs than Californians, New Yorkers, and others.  We should be able to set our own policies within our State on how we want Health Care to operate.  For instance, we have a higher rate of birth here, and a younger population.  Therefore our Health Care policies should be reflective of that and our Insurers should be able to work their policies around those facts.  I fear that a nationalized, or Universal and federally mandated system like the one being proposed at the least would be either too general or too specific in how it goes about making laws regarding even just those two aspects of the Health Care system for Utah.

 

Please vote against  the health care plans being proposed in Congress, and tell them, as well as the President, that this is a State issue and that this debate should be sent to the 50 State legislatures to decide upon for their own populations.

 

Respectfully,

 

Tijs G. Limburg

 

 

 

TIJS LIMBURG
tijs.limburg@3-form.com
Associate Software Developer
3-FORM.COM
2300 South 2300 West
Salt Lake City, Utah 84119
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3form Technical Support 877.649.2670

I Just Scared Myself

 

You are now my nominee for Federal Reserve Board Chairman!  And you know a hell of a lot more than Barney Frank who proclaimed one year ago that Freddie and Fannie were in good shape.

 

I was just googleing myself to see if there are links to my Facebook artist page and found this review I had written a year ago on my Updown stock account.

Stock Pick by Tijs Limburg

FNM: Analyst Consensus: Sell (Short) Stock

Posted 366 days ago on 7/14/08

Market call:FNM will go DOWN
Target: $6.00 on 8/14/08
Current: $0.61 (-93.87% from time of market call)

 

Goldman Sachs analyst Daniel Zimmerman just announced this morning he expects the stock of Fannie Mae to drop about another 35%, and I highly disagree with all of those who are saying that a Fed "Financial Stimulus" will fix the stock. The only way the stock can benefit short term from the Fed in my mind is if the Fed were to buy out the company's shares. We have at least a few weeks before the Fed would take such action if necessary. Right now, the only thing that they can do is flood the company with cheap money at the discount window and help them raise capital through bonds. But we must remember that while that may help the company balance sheet, stocks are somewhat disconnected from the companies they represent. Right now, sentiment is very much against this stock -especially in the powerful and large investment firms- meaning that, short term, no one is going to start heavily buying this stock, meaning the short sellers are going to prevail. There is so much more money going into shorts right now that it would take large sums of money to get the stock to move against the pressure. Take for example Jim Rogers, who says he is keeping his short position open on this stock, and will sell more stock short with any run up in price. As the chairman of Rogers Holdings, I will take his word for it that he will put a lot of money behind that short position, especially with analysts saying the stock could see another 35% taken off. Any aid given to this company will take a while to get the money flowing again. An over-the-weekend bypass to the insolvent company will not immediately solve the problems. But don't get too greedy here, once you have a large gain, take it, especially if you start seeing declining short interest.

 

 

And after I had gotten bombarded with messages about how negative my analysis was, I posted this response on 7/14/2008.  Looking at this statement a year later with everything in perspective is kinda scary:

 

We're in a bear market, so get over it. It's only negative to the buyers because they're on the other side, buying the stocks everyone else is selling short. These financial companies, especially Fannie and Freddie, have been mismanaged for years and are finally getting what they deserve. The confidence in the financial sector has turned to the sellers. We are confident that the market will get worse for financial stocks. It's only July. Just wait till September and October roll around. People are already shifting their money to stronger banks, and dispursing money across multiple FDIC ensured accounts. That means there is actual fear (not media generated), and fear is what drives bear markets. We've already seen one bank fail...

 

I made a 93% gain to date on that call, but I wonder what Jim Rogers made…

 

Tijs Limburg