Monday, December 13, 2010

The truth of the cause of the Financial Crisis

The political football called the financial crisis has been thrown around now for many months. Fortunately, a congressional commission on the financial crisis has studied this. A member of this commission is Peter Wallison. He gave an interview with the WSJ. That interview is embedded in this blog.

One thing he leaves out is the fact that when the sale of lower priced housing is facilitated by Government intervention, it creates a ripple effect up the value chain. When you have a buyer for your house, you can sell and buy a larger and more expensive house for yourself. This false demand creates a false market which eventually will crash.

Friday, March 12, 2010

obama's Health Care, the BAD and the UGLY!

Health care for the uninformed:

The health care bill in congress now is about to be passed into law, if the Democrats have there way. They WANT IT BAD! Why? Why would they jeopardize their jobs to get this thing passed. First of all 80% of the folks think that the government will screw it all up; increasing costs and decreasing the quality of healthcare in this country.

Why? This is why! The leaders of the Democrat party DO NOT CARE that they may loose control of both Houses of Congress in 2010. Because they know, if they pass this monstrosity, it will never go away. It will always be with us in some form or another. Even with control of the House and the Senate, the Republicans will not be able to repeal the bill because obama will veto any repeal. So, the Health Care Bill will be in effect for 3 years. By then there will be enough people sold on the idea that it will be next to impossible to repeal. Once an entitlement is enacted it is almost impossible to turn it around.

But here is the catch.

The benefits will not be in effect until 4 years after people start paying the taxes used to pay for the bill. Taxes will go up and the people will not have the obama-promise! What taxes, you say? Well, how about FICA on dividends, savings, and annuity accounts. Yes, I know, this is only for the very rich and is only a small percentage. But, when do you think the bar defining the rich will be lowered so that it reached the middle class? I predict, not too long!

Here are some other items to think about.

1) A recent CNN poll puts voters' backing of the obama administration's health bill at just 25 percent. So why does obama want to force this on Americans. Well, once an entitlement is enacted it is almost impossible to reverse it and the power will eventually morph to the Democrats. If you are dependent on the Government for your healthcare, would you vote for a Republican who wants to repeal your gravy-train? No, of course!

2) Several sections of the bill mandate racial and ethnic quotas for medical schools and other federal contractors.

3) On Page 425 of Obama's health care bill, the Federal Government will require EVERYONE who is on Social Security to undergo a counseling session every 5 years with the objective being that they will explain to them just how to end their own life earlier.

4) Employers will pay a fine if they do not insure part time employees.

5) Whether you want insurance or not, you will have to get insurance. If not, you will pay a fine of $5,000 per individual.

6) The bills in both houses require that Americans purchase insurance through "qualified" plans offered by health-care "exchanges" that would be set up in each state. The rub is that the plans can't really compete based on what they offer. The reason: The federal government will impose a minimum list of benefits that each plan is required to offer.

7) Along with the above, there is what is called Community Rating in the bill. In its purest form, community rating requires that all patients pay the same rates for their level of coverage regardless of their age or medical condition.

8) Some of us have started HSA's (Health Savings Accounts). By requiring minimum packages, obama care would prevent patients from choosing stripped-down plans that cover only major medical expenses. The government could set extremely low deductibles that would eliminate HSAs.

9) If, God forbid, they get their way, the obama people will force independent insurance companies out of business by providing Government Insurance. Of course, the Government does not have to make a profit and they can print money! Once the Government is in the insurance business, they will eventually force out private insurance companies because of their competitive advantage. Once they are in control (monopoly), they will control all of our health care.

10) Why would a business pay for an employee's health care insurance if the fine for not doing so is only $5,000? Businesses will just let the Government pay for their employees insurance. When they drop this, will they raise your salary? I don't think so!

11) On PG 50 Section 152 in HC bill – obama health care will be provided to ALL non US citizens, illegal or otherwise.

12) Government will have real-time access to individual’s finances and a National ID Healthcard will be issued!

13) Pg 59 HC Bill lines 21-24 Government will have direct access to your bank accts for election funds transfer.

14) PG 85 Line 7 HC Bill – Specifics of Benefit Levels for Plans = The Government will ration your Healthcare!

15) pg 127 Lines 1-16 HC Bill – Doctors/ AMA – The Government will tell YOU what you can earn.

You know, I am tired of quoting the research of desertconservative.com. (http://www.desertconservative.com/2009/07/23/healthcare-bill-facts-obama-does-not-want-you-to-know/) . Just go there and get some education for yourself!

I HATE INSURANCE COMPANIES!. Yes, I do think there needs to be health insurance reform, but I think obama has the wrong plan!

Here is what I would do to make health insurance work.

First of all, I do not think health insurance is a right! Particularly, Government Health Insurance! Why, for Gods sake do people think other people (ie tax payers) should pick up the cost of health care for all?

1) First, I would allow insurance companies to compete across State lines. Why, for Gods sake, has this not been the law until now? How may Progressive or Geico commercials have you seen in the last month? I just talked to my insurance broker today and he is working on better rates for me on my auto insurance. I got a quote from Wells Fargo, who has a relationship with several insurance companies. I then went to my broker and asked him to compete. HE DID, and my premiums are going to drop by $900 per year!

WHY can't Health Care be the same. Why can't Health Care Companies compete across state lines? Well, that is because the Government will not allow Insurance companies to do this!!!!

2) Tort Reform!!! Not one mention of Tort Reform int his bill! My wife was a nurse for her whole career, so I know of what I speak! Doctors pay HUGE mal-practice insurance premiums! And, we are talking about, in the $100,000's of dollars! My doctor called me the other day and wanted me to get a procedure and I got mad at his nurse. I knew that it was just "Cover my ass" medicine! WHY do we have this ... Well, it is because of the tort lawyers!

3) Let the FDA approve meds without such restrictions. Let patients receive drugs ( with waivers, of course) for experimental drugs. In addition, let people buy drugs across state and international lines.

I am tired and hungry. I must end this RANT and go live my life.

People, please educate yourselves on this issue, your life and your children's life will depend on it.

Monday, March 01, 2010

The Government health care debate is all about class envy!

The left is screaming for Government health care which the right wants no part of.

The left should ask themselves; Why is health care a right? Why do you want someone else to pay for your health care? Because that is just exactly what Government health care is all about. Where does Government get its money except from taxes to pay for all this?

Why do you want Government involved except to pay a little or, for most lefties, all of your doctor bills.

Think about this; What if everyone in the country had the same amount of money? Yes, the same amount. The same type of house; the same net worth; the same income? Would you want the Government to run your health care? I don’t think so. Just think of the entity that runs the Post Office, the DMV, Social Security, Medicare, education, and the IRS, telling you which doctor to go to and how much money you have available to pay for the doctor’s services.

They, meaning the left, say that 40,000,000 folks are uninsured implying that they have no health care. And that if only they had it, they would be saved from sickness, short lifespans, and whatever. Then when the obvious result of adding that many people into the system is predicted to bring shortages, and lines at the doctor’s office, they scream that it isn’t true. Well, how in the world are you going to bring that many people into the system without adding about 200,000 doctors. Let alone all the nurses and offices and all that goes along with seeing patients?

In addition, do you really think the Government is going to allow end of life health care to bankrupt the system. Like, when your 85 yr old grand-dad is treated for cancer at $120,000/month. No, they will just say that it is his obligation to just die, baby die!

Sound like a system you want? I do not think so. So I submit that it is just a matter of money. If everyone had the same amount of money everything would be just fine and your health care would be just as good, what ever that means, as your neighbor’s, or those “Fat Cat” Wall Street banking CEO’s or those Hollywood actors, or those sports superstars.

You don’t really want Government health care. What you really want is a redistribution of the country’s wealth. What you really want is a Marxist, Socialistic society. And your vehicle for getting this through the Government process is by using class envy.

Thursday, February 11, 2010

Michelle obama is a hypocrite!


This last week Michael obama is coming out and telling young folks to stop eating ... YOU say what?