I'd love to hear what he has to say about that. Of course, unless it gets programmed onto his teleprompter, we'll never hear an explanation.
As for Obamacare, the facts stand for themselves: It's already costing the Government more to implement Obamacare than Obama represented when he was pushing to have it passed; premiums for everyone who have to reach into their own pocket are going to go up 50-100%, depending your State; speaking of people who have to reach into their pocket to pay for healthcare, businesses are already shifting a higher portion of their workforce into part-time status, as evidenced by the latest non-farm payroll reports - in other words full-time employment is down significantly and it's been replaced with part-time workers in order for businesses to avoid paying for employee healthcare. You can read more the details of what a horror show Obamacare is turning out to be here: Thanks Barack
Here's a couple other factoids: 1) The U.S. has the most expensive healthcare in the world and Obamacare is guaranteed to exacerbate this. 2) According to the World Health Organization, the U.S. is ranked 37th in healthcare, behind such economic powerhouses as Costa Rica, Domenica and Chile: LINK. 3) The U.S. is the most obese country in the world. 4) Americans pop more prescription pills per capita than any other country in the world.
For this you can all thank your President. I don't understand why anyone can get upset by the fact that the House Republicans refuse to pass a budget Bill that doesn't defer and/or de-fund Obamacare. But then again, I'm sure Congress will ultimately pass some kind of "stop-gap" that will enable the Government to continue operating and funding Congressional paychecks. After all, the Obama Government has not operated with an official, Congressionally passed budget Bill in 3 years.
Anyone who voted for Obama and still supports that failure of a human being is a complete idiot.
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Congress still gets paid during the shutdown. Like with Omama care, they are exempt from the shutdown.
ReplyDeleteFace it , we Americans who were born on the US of A soil or not , given a social security number , put into the system , have become a responsible citizen , have been had.
ReplyDeleteThomas Jefferson warned us , but did we listen ? By the way that things are today and keep playing out the answer is a clear NO.
We have only ourselves to blame. There should be and should have been actions taken by all citizens on the local , county , state and federal levels in the form of instant disapproval , insistent changes , and holding of feet to the fire for a number of illegal and downright wrong actions committed by dishonest people throughout the years.
That would be too hard though so the vast population would rather be lulled to sleep by the media who 's pockets are lined by the government in order to keep business going ahead as usual.
The word lemmings seem to fit and the cliff's edge is not far away.
Dave, you say anyone who voted for obama is an idiot ? Anyone who paticapates in this sham called a political process is an idiot. There is no left or right, it is one party with two wings. Anyone with an IQ above room temperature knows where we are heading. This current system is unsustainable. Our future wealth will be measured in how healthy we are and our contributions to the betterment society. Change is gradual but not impossible.
ReplyDeleteAgree and I havent' voted since 1992 because the system is such a joke. But try explaining that to everyone who has been pre-programmed since grade school that voting is a privilege and your vote makes difference blah blah blah.
DeleteOne of the big problems with our system is that the education system doesn't teach kids to think for themselves. Everyone's head is neatly stuffed with the propaganda that the Government wants kids to learn and memorize.
The biggest problem with Obama supporters is that they either feel that it's "incorrect" to go against the will of a black man because you're anti-black if you do that or any Democrat is better than any alternative. They don't realize, like you said, that party affiliation is irrelevant.
If Obama supporters knew how to look at, understand and analyze the facts they would realize that Obama is the biggest sell-out in the history of the United States.
Dave, off the topic. You mentioned that the purpose of QE was to keep banks solvent. I have two questions.
ReplyDelete1. What kind of collateral is acceptable in the OTC market? Only cash or treasuries and agency bonds are also OK?
2. The OTC derivatives monster is not new. But why did collateral become a problem only after 2008? There was not margin requirement for OTC transactions before 2008?
The value of the underlying collateral - junk mortgages and other subprime debt was basically zero, which means the banks who are the sellers of credit protection have to put up more collateral to show that then can back-stop the credit guarantees.
DeleteSame thing happened when Cyprus blew up and when Greece and Italy almost went tits up. Then the interest rate spike occurred. Banks need capital to use a collateral for their derivatives exposure.
Shaft, Give Me Back My Wallet Mother F@!%*
ReplyDeletePublished on Sep 30, 2013
The Bullshit of the phony "government shutdown" psychodrama looms large as the physical world is all but forgotten. As the people are mesmerized, every level of government is in a desperate last-ditch effort to tax people into oblivion. In other words people are going to get the SHAFT to such an extent that by late 2015 folks will be very angry.
http://youtu.be/1UaYAqMsqco
US employers slashing worker hours to avoid Obamacare insurance mandate
ReplyDeleteTrend sparks fears among low-paid workers that they will be hit twice: by having earnings cut and paying more for healthcare
Avita Samuels has worked at the Mall of America in Minneapolis for the last four years, juggling a sales job with her studies in political science and law at the University of Minnesota. The 24-year-old has been the top sales associate for the last three years and works between 29 and 35 hours a week. But over the past few months, she said, she has watched as friends working in stores around her have their hours and benefits slashed – and she's worried that she will be next.
Forever 21, the clothing store, told staff last month in a memo leaked to the press that it planned to cut hours and reclassify some full-time workers as part- time. The move, which the company denied had anything to do with President Barack Obama's health reforms, the Affordable Care Act (ACA), will nevertheless help it avoid a mandate under the legislation requiring companies with 50 or more employees to offer those working 30 hours a week or more health insurance. Earlier this month, Seaworld, which operates 11 entertainment parks across the US, capped hours for part time workers at 28, down from 32, according to the Orlando Sentinel.
Other retailers, such as Trader Joe's and Home Depot have said they will no longer provide medical coverage for part-time employees, and will shift them instead to the public healthcare exchanges which open Tuesday, 1 October. Some employers have said their health costs will rise as a result of various provisions of the ACA, which takes full effect in 2015, when larger companies have to provide health benefits to full time workers or pay a $2,000 per-person fine.
http://www.theguardian.com/world/2013/sep/30/us-employers-slash-hours-avoid-obamacare
Government shutdown and gold and silver tank. Yea, that makes sense. This whole market is an absolute joke. Nothing will change until a huge crisis with the dollar, and that is years away.
ReplyDeleteYears away? Everone is moving away from the petrodollar. The house of cards can imploded much quicker than expected. When we get that far, it will happen as an earthquake, fast and with extreme damage. Hang on to your hats!
DeleteI worked in the private sector in transportation for 13 years and couldn't take much medical time off as they demanded that you be at work all the time. If you called in sick, you were given a very bad time on the phone. Threats, intimidation, and assholes - American Work Ethics.
ReplyDeleteThen I worked in the public sector for 12 years at the University of Nevada reno and it was the same way. My boss was an health nut addict and claim that her health diet would cure every disease on the planet. After calling in sick once, you got the third-degree afterwards. I left with 800 hours sick time (and only got paid for 150 of it). If you needed surgery, you had to made sure that the Family Medical Leave Act form was filled out perfectly or you came back to no job.
I could care about health care. The company you work for has more power over you than ever before because of a dead-body economy. Many are hiring part-time then forcing full-time/overtime on them. KMart did this in the late '90s where there workers here were working over 40 hours but were hired as part-time. No one is going to complain or file one because they need the money.
as unemployed, I am except from Obamacare as I am below the $9750 threshold. At least, there's one bright spot for me.
I can't believe that Gold and Silver tanked. This is pure manipulation and another ign of an unsound fiscal market. Hopefully the government will stay shut down and that there won't be any debt ceiling agreement. It just might waken up this country up - depending on what's on TV and Cable tonight.
Uhh - is it just me or do we have a Pinocchi-Ears thing going on here? So many lies, so little time.
ReplyDeleteObamacare Is Another Private Sector Rip-Off Of Americans
ReplyDeleteThe private sector allied with government is a second IRS
Paul Craig Roberts
The government of the “world’s only superpower,” the “exceptional,” the “indispensable” country, claims to know what is best for Syria, Iraq, Afghanistan, Libya, Yemen, Pakistan, Somalia, Mali, Russia, Venezuela, Bolivia, Ecuador, Brazil, China, indeed for the entire world. However, the “indispensable” country cannot even govern itself, much less the world over which the “superpower” desires hegemony. The government of the “world’s only superpower” has shut itself down.
The government has shut itself down, because it cannot deal with the budget deficit and mounting public debt caused by twelve years of wars, by financial deregulation that allows “banks too big to fail” to loot the taxpayers, and by the loss of jobs, GDP, and tax base that jobs offshoring forced by Wall Street caused.
The Republicans are using the fight over the limit on new public debt to block Obamacare. The Republicans are right to oppose Obamacare, but they are opposing Obamacare largely for ideological reasons when there are very good sound reasons to oppose Obamacare.
Last February 3, I posted on this website a column, “Obamacare: A Deception,” written by an expert on the subject. http://www.paulcraigroberts.org/2013/02/03/obamacare-a-primer/
When Republicans for ideological reasons blocked a single-payer health system like the rest of the developed world has and, indeed, even some developing countries have, the Obama regime, needing a victory, went to the insurance companies and told them to come up with a health care plan that the insurance lobby could get passed by Congress. Obamacare was written by the private insurance industry with the goal of raising its profits with 50 million mandated new customers.
Obamacare works for the insurance companies, but not for the uninsured.
Obamacare benefits only two classes of people. It benefits employers who drop their employees working hours below the hours specified for Obamacare coverage, and it benefits the insurance companies or the IRS who collect the premiums and penalties.
Many of the people who pay the premiums won’t be able to use the policies because of co-pays and deductions.
http://www.paulcraigroberts.org/2013/10/01/obamacare-another-private-sector-rip-americans/
It is best of congressmen would sit down and discuss their sides on the issue of Obamacare calmly to prevent another government shut down.
ReplyDelete