Delusional Liberal Congressman Says Obamacare Launch is a Success, Would Skyrocket if it were an IPO

posted October 14, 2013 / 4 Comments


Rep. George Miller, Democrat from California, may just rival Nancy Pelosi for the most delusional member of congress. In the most dangerous and bizarre case of wishful thinking in recent times, this brain-trust actually argues that “ongoing computer failures in Obamacare’s exchange health insurance markets are actually signs of a huge success” and “The various websites’ failures, he said, were the result of enormous demand. In fact, he added, if this had been a company on Wall Street, the high demand crashing its website would have sent its stock to “700 dollars a share.”
From Conservative Intel:

Rep. George Miller, D-Calif., one of the most liberal members of Congress, told C-Span’s Washington Journal this morning that the ongoing computer failures in Obamacare’s exchange health insurance markets are actually signs of a huge success.

The various websites’ failures, he said, were the result of enormous demand. In fact, he added, if this had been a company on Wall Street, the high demand crashing its website would have sent its stock to “700 dollars a share.”

Of course, you can’t tell what a stock is worth just by its share price, and most private retail businesses lose lots of money when their sites crash upon launch.

You also can’t tell what kind of demand there is for Obamacare from national and state websites that crash under even modest amounts of traffic.

Video at the Page Link:


- See more at Conservative Intel:

This type of naivete and complete lack of understanding of how business and economy work, here in the United States, is a direct result of Rep. George Miller never holding a real job or participating in the workforce and is a clear example of the dangers caused by career politicians.
http://www.thecalreport.com/2013/10/...t-were-an-ipo/