Archive for April 22nd, 2014

Red Herring Alert: Don’t focus on the 8 million number … here’s why.

April 22, 2014

I love David Copperfield.

For that matter, I like practically all illusionists.

One trick that illusionists use is to get the audience focused on a decoy … to redirect the audience away from where the “trick” is really happening.

On Wall Street, the decoy is sometimes called a “red herring” …  “something that misleads or distracts from the relevant or important issue.”

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Like a deft illusionist, President Obama now has the country focused on the 8 million folks who have signed-up on the ObamaCare Exchanges.

This decoy fell into Obama’s hands when the web site crashed and Republicans, started spotlighting the number – assuming that it would be a clear indicator to the country that ObamaCare failed.

Bingo: GOP gets everybody focused on the 7 million number ,,,, Obama hits the Ferns … sign-ups blow past 8 million … GOP loses its talking point … Obama takes a victory lap.

Not so fast.

Guess what?

The 8 million number is a red herring – plain & simple.

Here’s what we should all be focusing on …

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