Obamacare Will Create Even More Donut Flight

By John Galt

July 24, 2009

The ongoing blubbering about America’s need for universal health care and a government program to gain control of our lives has Canadians and other nations smiling from ear to ear. The proverbial ‘flight of the donuts’ will not only insure that institutions of powdered sugar flee our nation in fear of the almighty Health Gestapo to be formed to insure you don’t have that Boston Creme instead of a Tofu Tootie, the flight will just be an acceleration of something these pages have been warning about and shall accelerate. To highlight this point, let us review this story from the Vancouver Sun on June 30, 2009, as our Canadian brethren to the north gloat quite rightfully I might add:

Hortons move signals Canada’s gaining tax appeal

OTTAWA — In a clear indication that Canada is starting to be considered a low-tax place to do business, Tim Hortons Inc. announced Monday plans to shift its base of operations from Delaware to Canada for tax purposes.

The flight of capital from America has begun and the morons in charge have yet to even get their Cap and Trade bill nor the Obamacare plans voted into law. The reality I warned about after the outright theft which occurred in the Chrysler and General Motors’ bankruptcy cases that robbed securitized bond holders blind was the warning shot. The $235 billion in Treasuries to be auctioned next week is a screaming siren but the Bubblevisionistas shall continue to ignore it. The CIT warnings about bankruptcy have Dunkin Donuts franchisees trying to warn Washington to get its house in order.

Yet all the screaming, all of the capital trying to leave our shores does not appear to be sending the message.

Thus I think at some point, some sort of health care plan will pass our hallowed halls in the District of Columbia along with the necessary tax increases to support the broader bureaucratic socialist structures planned by our fearless leaders. The sad, dirty secret is that businesses are already gearing up for the hidden tax of inflation to be inflicted as rumors swirl of an obvious dollar devaluation appears to be underway soon to help restart our export markets and give what is left of American industry some sort of a competitive advantage.

Thus the flight of the donuts will continue, starting with Tim Hortons, which are pretty darned good if you’ve never eaten there, and soon to be followed by Krispy Kreme and Dunkin Donuts if our government is not brought under control. This outrage can not be allowed to continue! Stop taxation and over regulation without representation now!

Oh the ignominy of it all if we allow this to happen unchallenged.