Showing posts with label Obamanomics. Show all posts
Showing posts with label Obamanomics. Show all posts

Saturday, November 15, 2014

How to become a millionaire selling Obamacare

Jonathan Gruber raked in a tidy sum "selling" Obamacare to adoring Democrat audiences who heard about the "stupidity" of American voters who would swallow the poison only with a teaspoon of lies. In the bill there was money to promote it; it went to states in the form of grants, and he was hired by 8-10 states (known at this time) at $300-$400,000 a pop. And Nancy Pelosi who claimed she didn't know him, is in the archives lauding his wisdom and position. The O Team is a piece of work.

http://www.vox.com/2014/11/13/7211279/obamacare-jon-gruber-controversy

http://www.foxnews.com/politics/2014/11/14/despite-dem-claims-trash-talking-gruber-was-well-paid-adviser-for-obamacare-and/

http://mainenewsonline.com/content/14111660-jonathan-gruber-was-paid-well-advising-obamacare-programme

http://www.thedailybeast.com/articles/2014/11/14/vermont-still-loves-jonathan-gruber.html

Saturday, March 30, 2013

Government take over of health care is increasing costs for all

Health and Human Services head Kathleen Sebelius (I'm embarrassed she an Ohioan—our former governor’s daughter) now admits the government take over of health care will raise costs for everyone. She underestimates, in my opinion; apparently she doesn't see those "subsidies" as costs to us, only as “rich benefits” to the formerly uninsured. Regulation is affecting every facet of the economy and raising costs even more. Insurance costs are soaring, and the big kick in hasn't even started yet. California increase 60%. Washington 51.9%. The young voters who supported Obama will really be kicked in the teeth. What a mess. http://www.humanevents.com/2013/03/27/hhs-secretary-finally-admits-obamacare-is-raising-insurance-costs/

Saturday, April 14, 2012

Adjusting to the poor house

The Obamas’ adjusted gross income was their lowest income since 2004 when he wrote his best-selling memoir, “Dreams From My Father: A Story of Race and Inheritance.” This was the first year since 2006 that the Obama family income dipped below $1 million. In 2010, his adjusted gross income was $1.7 million; in 2009, it was $5.5 million.

I wonder how much the fabulous vacations they’ve had since January 2009 would rack up in any other family’s budget, the incredible state dinners, the gifts of clothing from designers, the servants to attend to every need, the limo service and celebrity entertainment?  I’m sure it’s a stressful job, but for the wife and kids, it’s pretty nice—especially considering how that life style is condemned almost weekly in his speeches. If we elect Mitt Romney, I’m guessing he’ll pay his own way for many of the perks Michelle has come to demand.

Tuesday, April 10, 2012

What a shocker—Obamacare will cost much more than estimated!

Charles Blahous of Mercatus Center at George Washington University has some news about Obamacare that Republicans already knew and Democrats will deny, and the White House will find a way to blame on Republicans. Realistically, have you ever known a government program that didn't cost way more than estimated or confirmed, whether it be a war or a welfare program? Right now, the WH is hiring thousands of IRS agents which are part of Obamacare. How will that help your health? It's the Full Employment for Government Workers Act.


Let's cut to p. 45 of the report--the conclusion: ". . . despite the fondest hopes of its supporters, the passage of the ACA unambiguously darkens a dim fiscal picture. . . expected to increase federal spending obligations by more than $1.15 trillion. . ."

People—listen up.  This was never, ever ever about saving money on health, or providing better health care, or covering people who currently don’t have health insurance.  It was always about the government taking over a huge segment of the economy.  Period.

http://mercatus.org/sites/default/files/publication/The-Fiscal-Consequences-of-the-Affordable-Care-Act_1.pdf


Cost of the IRS agents: Half a billion dollars, paid for off-the-books by taxpayers through a massive $1 billion Health and Human Services slush fund that got tucked into the bill. Investors.com

Thursday, September 09, 2010

Where’s Next: November May Determine Regional Winners

Democrats love to paint the lie that it is the Republicans who are the "fat cats." Gosh, how many times have we heard that phrase from the president's blue lips? Washington DC with hardly a blip of unemployment has seen its economy roaring. Never better for federal jobs--federal employment, excluding the postal service, remains roughly 200,000 larger than in 2008. New York City and Silicon Valley, bastions of liberal greed, are bloating on government grants courtesy of Obamanomics,is another. This article even says Ohio--specifically Columbus--will be one of the regional beneficiaries, although not the outlying areas. I wondered why he had so many return trips here--preaching to the union choir in campaign singy songy happy clappy praise choruses.
    "Other regional winners from the Obama economy generally can be found in state capitals and University towns, particularly those with the Ivy or elite college pedigrees that resonate with this most academic Administration. One illustration can be seen in the relatively strong recovery of Massachusetts – home to many prestigious Universities and hospitals – which has seen jobs grow by 2.2 percent since the Obama ascension. Similar, albeit less dramatic recoveries can be found in Columbus, Madison and Minneapolis-St.Paul, with their large university communities and regional federal employment centers. Yet the political benefits of this growth may be limited. Many other parts of these same states, including the outer boroughs of New York are not doing well; aside from Columbus, Ohio has continued to skid as its industrial and corporate base dwindles, often moving to more business friendly states.
Wall Street CEOs love the Democrats--more regulation means less competition from the little guy and up and coming competitor.

But not so fast. Some regions are sticking to basics, sound planning, lower costs. And when this passes, those regions may siphon off some of that blue region growth.
    " . . . the fastest growth in science, engineering and technical jobs has been in low-cost states such as North Dakota, Virginia, New Mexico, Utah and Texas. Just recently, several major Silicon Valley powerhouses – Adobe, Twitter, Electronic Arts and eBay – announced major new expansions in Utah, a state that is among a brood seeking to move prized businesses, including even entertainment, from the Golden State."
We'll see. November will be a contest of ideologies and the private sector against the public for economic growth.
Where’s Next: November May Determine Regional Winners | Newgeography.com

Sunday, December 13, 2009

Creating jobs and wealth

Congressman John Campbell (R-CA) at Townhall wrote about how Obamanomics (saving and/or creating non-existent jobs) could work in real life using the Obamath. He gave an example of “saving” calories he could have eaten but didn't, and how he could gain weight. He asked his constituents for examples and thought this one the best.
    Dear John:

    Using Obamamath, I've just saved, nay, created a great deal of money. How? I had wanted to buy a new Lamborghini Gallardo roadster so that I could drive to the White House to personally thank our beloved President for all that he is doing to save us from financial ruin. The trip, via New Orleans in order to view the results of former President Bush's failure to forestall Hurricane Katrina, would have been an approximately 6,000-mile roundtrip.

    I didn't buy the Lamborghini, as it wasn't manufactured by Government Motors. I not only saved (created) some $243,000 (including tax) by not making this purchase, but I saved (created) an additional $1,500 by not purchasing fuel for the trip.

    Since both the Gallardo and its fuel would have been imported, I'm sure that the Governmental Accountability Office would classify these as "green" savings.
    Thus by not buying a Lamborghini Gallardo, and not driving it to visit our President, I will have created a total of $244,500 in Green Savings. Not bad for an amateur!

    But think for a moment: If each of the approximately 4 million families who live in Barack Obama's Illinois and Joe Biden's Delaware were to NOT buy a new Lamborghini, and NOT drive to the White House (via New Orleans), we would create an additional $1 trillion in new Green Wealth. Now that's Obamawealth with a vengeance!

Wednesday, November 18, 2009

Dirty little secrets in the House Bill reveal Obama’s claims for health reform are lies

"You lie." And this time it's the non-partisan and independent Centers for Medicare and Medicaid Services saying it, not a "Southern racist congressman" as the media tried to portray Joe Wilson.

" A report released Friday by the non-partisan and independent Centers for Medicare and Medicaid Services, the agency in charge of running Medicare and Medicaid, blows the lid off of every one of Obama’s claims. All of the following quotes are from the report itself [this summary is from The Morning Bell webpage]:

Health Care Costs Increase: “In aggregate, we estimate that for calendar years 2010 through 2019 [national health expenditures (NHE)] would increase by $289 billion, or 0.8 percent, over the updates baseline projection that was released on June 29, 2009.” In other words, Obamacare bends the cost curve up, not down.

Millions Lose Existing Private Coverage: “However, a number of workers who currently have employer coverage would likely become enrolled in the expanded Medicaid program or receive subsidized coverage through the Exchange. For example, some smaller employers would be inclined to terminate their existing coverage, and companies with low average salaries might find it to their - and their employees’ - advantage to end their plans … We estimate that such actions would collectively reduce the number of people with employer-sponsored health coverage by about 12 million.” In other words, Obamacare will cause millions of Americans to lose their existing private coverage. . .

Seniors Access to Care Jeopardized: “H.R. 3962 would introduce permanent annual productivity adjustments to price updates for institutional providers… Over time, a sustained reduction in payment updates, based on productivity expectations that are difficult to attain, would cause Medicare payment rates to grow more slowly than and in a way that was unrelated to, the providers’ costs of furnishing services to beneficiaries. Thus, providers for whom Medicare constitutes a substantive portion of their business could find it difficult to remain profitable and might end their participation in the program (possibly jeopardizing access to care for beneficiaries).” In other words, the Medicare cuts in the House bill are so out of touch with reality that hospitals currently serving Medicare patients might be forced to stop doing so. Thus making it much more difficult for seniors to get health care."

There is much more--go here to read the news about the lies we’ve been told or bring up the report and read it. Few, including your congressional representative, read the bill--so you might as well read the analysis.

Here in central Ohio radio land we are being annoyed by syrupy radio ads for Mary Jo Kilroy extolling her part in this mess (I think the ad campaign is sponsored by a union). Over half of government workers (local, state, federal) are now unionized, up from 17.3% in the early 1970s. Guess who your representative is really representing? Guess who wants to unload onto the taxpayer their health care responsibilities and pie-in-the-sky promises after taking workers' dues all those years?

Sunday, November 01, 2009

ObamaCare and your insurance premiums. There’s no free lunch.

Despite indignant Democratic denials, the near-certainty is that their plan will cause costs to rise across the board. The latest data on this score come from a series of state-level studies from the insurance company WellPoint Inc. Using their own data it modeled ObamaCare in 14 states. Democrats who can‘t read their own bills or return calls and e-mails of worried voters, were lightning fast on trashing WellPoints data:
    In all of the 14 states WellPoint scrutinized, ObamaCare would drive up premiums for the small businesses and individuals who are most of WellPoint's customers. (Other big insurers, like Aetna, focus on the market among large businesses.) Young and healthy consumers will see the largest increases—their premiums would more than triple in some states—though average middle-class buyers will pay more too.

    Not even two hours after Wellpoint had presented its materials on the Hill, Democrats were already trashing it—which, considering that it runs to some 238 pages and took weeks to prepare, must have required remarkable powers of digestion and analysis. Link
HT Pauli

Tuesday, October 27, 2009

A generation that applauds for death panels

Last night Glenn Beck looked into the camera (wearing glasses) and reminded us there is a generational divide in support of the take over of America's health system, of the generation that is supporting the President's health plan. They applauded Robert Reich in 2007 when he spoke at Berkeley about how elders were not going to be treated because it is too expensive. Beck read to us a letter from a reader of Time magazine about their cover story on him. It truly was chilling.
    "I had to wait through eight years of an administration that brought this country to the brink. Frankowski should sit down quietly while the rest of us get to the task of cleaning up Bush's mess. Besides, this health-care debate isn't about those over 30; it's about the millions of uninsured, recently graduated young people saddled with loans we can't imagine paying off, who are sick and tired of living in an abyss created by our elders' stupidity. Obama would be smart to focus on college towns. Step aside, grandma. We want health care and we want it now."
Today I came across a blog, SanityRanch.com no longer active, where the last item written Aug. 22, 2008, was this:
    I just received my eldest daughter’s senior year yearbook from Pomona High School, Arvada CO. I am at the moment shaking as I write this post. The yearbook, cover to cover, bears a font which would be perfect on a slasher-flick poster. It’s a Halloween font, with every single letter dripping black blood. Every page, every header, and to cap it off every single child’s name in the baby picture section. MY child’s name, right there above her angelic smiling toddler face, dripping black blood.

    This is the result of a generation of children raised with time-outs. This is the result of a teenaged yearbook staff allowed to run the entire process without adult supervision. This is the result of a generation of kids being raised in what has been described as a culture of death. Names above baby pictures, dripping blood.

    The kind of thing people like Michael Schiavo, and nearly the entire nation of Denmark and the state of Oregon, might just approve of.

    Traumatized, shocked, appalled. And thinking quite seriously if litigation.

    My daughter’s senior memories, dripping black blood.
Long before Glenn Beck was even at Fox, she certainly knew about this generational divide.

Thursday, October 23, 2008

Headline gets it wrong

"Markets fall as fears of slump span world"
No, it's fears of Obamanomics--higher taxes, more trade restrictions, more powerful unions and more environmental regulations. If you are wealthy, better to sleep on your cash in the "mattress" and sit this one out until your well-paid accountantants and lawyers can find the loopholes. Investors and money managers aren't stupid. A president like FDR who took a struggling market in 1932 and artificially inflated it with more government programs but no real job growth, extending the Depression another decade, is not building confidence. Even if Obama and the American voter haven't read history, chances are there are some out there in Japan and Germany who have.

Ode to a very bad plan
by Norma Bruce

Capitalists and Socialists alike
around the world
invested in our bad mortgages
bundled by our biggest banks
backed by our GSEs
promoted by our Congresses
protected by our Democrats
on the banking and finance committees
handing out with a wink big grants
to community organizers threatening
the writers of the mortgages
to fund the dream that
every Joe the Plumber
and each Maria the Barista
should have a PMI
they couldn't possibly afford
when the bubble burst
as all bubbles do.