By Greg Hunter’s USAWatchdog.com
Trader/analyst Rick Ackerman is feeling a little less nervous about the negative effects of Obama Care. Ackerman contends, “I think, at this point, we’re blessed with a package that is such a bloated abomination that it’s going to collapse under its own weight. It seems pretty obvious the program simply won’t fly.” Ackerman goes on to say, “It’s such a botched job they had to have done this on purpose.” Because anyone cannot be denied for pre-existing conditions, all insurance premiums are headed much higher. Ackerman says, “Premiums have gone through the roof, but the largest premium increases, according to the insurers, are coming this January. . . you ain’t seen nothing yet compared to what will happen in January.” As far as the current economy, it has already rolled over. Ackerman says, “It’s like the Wiley Coyote. He’s already gone off the cliff, and he just hasn’t looked down. I’m short the market here.” Join Greg Hunter as he goes One-on-One with Rick Ackerman of RickAckerman.com.