Claims for jobless benefits UNEXPECTEDLY (yeah, as if!) climbed by 6,000
to 386,000 in the week ended June 9 from a revised 380,000 the
prior week that was more than first estimated, Labor Department
figures showed today in Washington. Economists projected claims
would fall to 375,000, according to the median estimate in a
Bloomberg News survey. Image Credit: Jessica Rinaldi/Reuters
Pres. Obama's Reality Land Happens On Thursdays
With yet another revised release of information on Thursday ... the Thursday AFTER the Friday release of economic indicators found in employment and additional Government assistance, the news is always worse than reported. It is good during this 44th Presidency to never focus on the Friday numbers but to focus always on these Thursday numbers because they are almost always at least 15% more realistic.
Everyone fudges in politics but the Obama Administration has brought this process to an art of habit. Unemployment or other economic information is initially released and then this information is almost always revised by at least 15% or more in an additional negative direction ... in other words the information is WORSE than originally reported.
This excerpted and edited from Fox News -
US unemployment aid applications rise to 386K Published June 14, 2012 - Associated Press
More Americans sought unemployment aid last week, suggesting hiring remains sluggish.
The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000, an increase from an upwardly revised 380,000 the previous week.
The four-week average, a less volatile measure, rose for the third straight week to 382,000. That's the highest in six weeks.
Weekly applications are a measure of the pace of layoffs. When they drop below 375,000, it typically suggests hiring is strong enough to reduce the unemployment rate.
"The trend in jobless claims suggests ... that the underlying pace of employment growth has softened," said Bricklin Dwyer, an economist at BNP Paribas.
Applications fell steadily during the fall and winter but have since leveled off.
At the same time, hiring has slowed, raising concerns about the pace of the recovery. Employers added an average of only 96,000 jobs per month in the past three months. That's down from an average of 252,000 in the previous three months.
Weaker hiring also pushed up the unemployment rate in May to 8.2 percent, its first rise in nearly a year. ---- The total benefit rolls fell to 5.8 million in the week ending May 26, the latest data available. That's a drop of 146,000 from the previous week. ---- For now, the economy appears to be sputtering. It expanded 1.9 percent in the first quarter, down from 3 percent in the October-December quarter. Growth isn't expected to improve much in the current April-June quarter.
Consumers remain cautious. Retail sales fell 0.2 percent in May, the Commerce Department said Wednesday, matching April's decline. It was the first back-to-back drop in two years. ---- The economy is still struggling three years after the recession officially ended in June 2009. Wages haven't kept up with inflation. State and local governments have continued to shed jobs.
The United States has regained less than 3.8 million [not the 4.4 million claimed by Pres. Obama in a press conference last week], or 43 percent, of the 8.8 million jobs lost during and immediately after the recession.
[Reference Here]
When the information has to do with monthly reporting figures, the true reporting of the figures happens about one-month later ... the same thing happens with quarterly economic indicators. Why can not the Federal Government report more truthful information at the original time the report is due? An adjustment within say, 5% or so can be understood and dismissed but a consistent miss-statement of information that is off by 15% or more is not understandable or should never be dismissed.
In a President Obama world, known here as Carter's Second Term, any report that has the possibility of a regressive or negative trend should never be taken as first reported. In fact, the trust in this 44th Presidency to be honest with the American people has eroded to the point that everything this executive branch and its bureaucracies report can never be relied upon as based in reality ... this only happens in revision.
President Obama addresses the need to reduce the nation’s deficit while creating jobs across the country and wishes Americans a happy Fourth of July. Image Credit: whitehouse.gov
Today, the government's reporting of the June 2011 unemployment numbers came out. As always, the mainstream media, who blatantly support our current political leadership, reports these numbers out as ... unexpected, well below economists' expectations, a continuing "soft patch", and a disappointing downturn.
The fact of the matter is that this jobs report of only 18,000 new jobs created in an economy where just to keep up with population increases needs to add 150,000 per month and to start to recover back to the levels of unemployment set to before this economic downturn (and get it back within five years) of 350,000 jobs in the private sector per month. Of course the government constantly under reports these numbers so it could be less than the 18,000. The growth of 54,000 jobs previously reported for May 2011 was revised down today to just 25,000. Using this habit of softening the ugly blow of FAILURE through under-reporting, the numbers released today may be revised even more downward to about 8,500 or so.
In the first ever Twitter Town Hall at the White House, President Obama answers your questions (of 140 characters or less) on jobs and the economy and asks for your feedback on reducing the deficit. Image Credit: whitehouse.gov
This excerpted and edited from The Los Angeles Times -
Dismal jobs report shows unemployment rising to 9.2% July 8, 2011 | 6:19 am
The U.S. employment picture went from bad to ugly last month as employers added almost no new net jobs and the unemployment rate edged up for the third straight month, to 9.2%.
The report Friday from the Labor Department is sure to be a huge disappointment and will raise fresh questions about the sustainability of the recovery, now technically starting its third year.
Analysts had raised their job-growth forecasts for June to 100,000 or more in recent days, hopeful of a rebound after surprisingly few job gains in May, which many attributed to temporary factors such as Japan's earthquake and the spike in oil prices. ---- The unemployment rate, meanwhile, ticked up to 9.2 from 9.1% in the previous month and this year’s low of 8.8% in March. Many thousands of people in June dropped out of the labor force, some presumably because of the discouraging outlook.
Friday’s jobs report was remarkable in that there was nothing positive in it. ---- Even for those with jobs in June, there was bad news. The average weekly work hours declined by 0.1 to 34.3. And the average hourly earnings for all private-sector employees dropped by one cent to $22.99.
"It's just an across-the-board retreat," said Heidi Shierholz, a labor economist at the Economic Policy Institute. So bad was the report, she found it hard to describe it and its portent for the future. "This is two months of really scary reports." [Reference Here]
Of course, Obama adviser David Plouffe said that two days before the June jobs report was released that economists anticipate 100,000 or 125,000 jobs to be added that month. After hearing the 18,000 number, Plouffe claimed (as quoted by Bloomberg), "The average American does not view the economy through the prism of GDP or unemployment rates or even month jobs numbers."
"People won't vote based on the unemployment rate, they're going to vote based on: 'How do I feel about my own situation? Do I believe the president makes decisions based on me and my family'," Plouffe continued.
Austan Goolsbee, chairman of the White House Council of Economic Advisers, said in a recent interview on Bloomberg TV, “We want to be for any policies that are going to help incentivize and stand up the private sector to drive the recovery.”
I have a suggestion to Masters Goolsbee, Obama, and Plouffe, why don't we get the weight of the Government to "Stand Down" so that the private sector can "Stand Up" and begin to create the recovery from the overbearing socialist agenda this 44th Presidency has implemented since taking office Jan. 20, 2009.
Barack Obama, David Plouffe, and Austin Goolsbee are just the beginning in the naming of the economic masters of disaster in this era of United States economic failure here in Carter's Second Term.
Barack Obama views America through very critical and radical eyes. In a recent interview given to the NBC Spanish language broadcast arm, Univision, on the mid-term campaign trail, Barack Obama speaks about the view of illegal immigrants who (from his point-of-view) are potentially sitting on the sidelines, sheathing for a way for America to act on their behalf.
What is interesting about this interview is the way Barack Obama uses the voice of the Latin American illegal immigrant to pull forward his divisive point of view of what American Values ought to be.
This Excerpted and edited from LA Time Blog reprint of the Univision interview transcript - Transcript of President Barack Obama with Univision October 25, 2010 | 1:14 pm
President Barack Obama was interviewed by Eddie "Piolin" Sotelo last week in Los Angeles for a Univision radio program that aired Monday.
Sotelo asked the president to focus on immigration. When the Spanish-language radio giant suggested that the Obama administration was more dedicated to fixing issues like healthcare than immigration, the president disagreed.
“My cabinet has been working very hard on trying to get it done, but ultimately, I think somebody said the other day, I am president, I am not king. I can't do these things just by myself. We have a system of government that requires the Congress to work with the executive branch to make it happen. I'm committed to making it happen, but I've gotta have some partners to do it,” Obama said. ---- POTUS: Well, here's what we're gonna do. We're gonna see how well we do in this election and I think a lot of it is gonna depend on whether we still have some support not only from Democrats, but also Republicans, but they're gonna be paying attention to this election.
And if Latinos sit out the election instead of saying, we're gonna punish our enemies and we're gonna reward our friends who stand with us on issues that are important to us, if they don't see that kind of upsurge in voting in this election, then I think it's gonna be harder and that's why I think it's so important that people focus on voting on November 2. Reference Here>>
So, the President of the United States engages in a divide and conqurer - American against American - by speaking a voice that suggests a war within ... he further stated that "And that's why this election coming up is so important because we essentially have to say that those who are politicizing the issue, who are supportive of the Arizona law, who talk only about border security but aren't willing to talk about the other aspects of this, who don't support the Dream Act, who are out there engaging in rhetoric that is divisive and damaging that -- those aren't the kinds of folks who represent our core American values."
So basically, Americans who believe in sovereignty are to be viewed as enemies and do not represent core American values. Thanks!
These are the thoughts of a man who ran for the office of President of the United States on the premise that there are no Red States, or Blue States but there is only the United States of America.
Talk about whipping up the "BASE" ... I do not know about you, but the hateful thoughts and attitudes expressed above are nothing more than the real thoughts and attitudes of the 44th President of the United States, Barack Obama!
Runaway Train of Thought by Tzod Earf. Image Credit: toonpool
Obama's economic train on a one-way, dead-end track
We are nearing the second quarter of 2010, ending 17 months of a disastrous economic policy that has not delivered jobs and has increased government debt to one-trillion dollars, four times larger than at anytime in our history as a country.
The $787 Billion dollar (revised upward to $865 Billion dollars), stimulus spending package has not delivered on its promise to hold unemployment down to only 8% (currently hovering around 10%) and the "shovel ready" projects that local and state governments had in the wings and were often cited as to where the money would be spent only amounted to about 10% of the spending. Most of the spending has been absorbed by the extensive network of bureaucracies that paid for studies performed by people who were already employed in education and research organizations ... organizations that do not add to the Gross Domestic Product of goods and services that grow an economy and build an economy.
The recognition of the one-way government spending track that dead-ends when the money runs out - because printing money without the goods & services to back up the amount of dollars flowing in the economy, devalues the economy and leads to inflation - even has liberal observers at Mainstream Media outlets (MSM) up in arms in frustration.
This excerpted and edited from the New York Times -
Wrong Track Distress By BOB HERBERT, Op-Ed Columnist, New York Times - Published: June 28, 2010
It’s getting harder and harder for most Americans, looking honestly at the state of the nation, to see the glass as half full. And that’s why the public opinion polls contain nothing but bad news for Barack Obama and the Democrats. ---- Mr. Obama and the Democrats have wasted the once-in-a-lifetime opportunity handed to them in the 2008 election. They did not focus on jobs, jobs, jobs as their primary mission, and they did not call on Americans to join in a bold national effort (which would have required a great deal of shared sacrifice) to solve a wide range of very serious problems, from our over-reliance on fossil fuels to the sorry state of public education to the need to rebuild the nation’s rotting infrastructure. ---- Mr. Obama had campaigned on the mantra of change, and that would have been the kind of change that working people could have gotten behind. But it never happened. Job creation was the trump card in the hand held by Mr. Obama and the Democrats, but they never played it. And now we’re paying a fearful price.
Fifteen million Americans are unemployed, according to the official count, which wildly understates the reality. Assuming no future economic setbacks and job creation at a rate of 200,000 or so a month, it would take more than a decade to get us back to where we were when the Great Recession began in December 2007. But we’re nowhere near that kind of sustained job growth. Last month, a measly 41,000 private-sector jobs were created.
We are in deep, deep gumbo.
The Obama administration feels it should get a great deal of credit for its economic stimulus efforts, its health care initiative, its financial reform legislation, its vastly increased aid to education and so forth. And maybe if we were grading papers, there would be a fair number of decent marks to be handed out. ---- There is a widespread feeling that only the rich and well-placed can count on Washington’s help, and that toxic sentiment is spreading like the oil stain in the gulf, with ominous implications for President Obama and his party. It’s in this atmosphere that support for the president and his agenda is sinking like a stone.
Employment is the No. 1 issue for most ordinary Americans. Their anxiety on this front only grows as they watch teachers, firefighters and police officers lining up to walk the unemployment plank as state and local governments wrestle with horrendous budget deficits. ---- By nearly 2 to 1, respondents to the most recent New York Times/CBS News poll believed the United States is on the wrong track. Despite the yelping and destructive machinations of the deficit hawks, employment and the economy are by far the public’s biggest concern. Mr. Obama is paying dearly for his tin ear on this topic. Fifty-four percent of respondents believed he does not have a clear plan for creating jobs. Only 45 percent approved of his overall handling of the economy, compared with 48 percent who disapproved.
It’s not too late for the president to turn things around, but there is no indication that he has any plan or strategy for doing it. And the political environment right now, with confidence in the administration waning and budgetary fears unnecessarily heightened by the deficit hawks, is not good.
It would take an extraordinary exercise in leadership to rally the country behind a full-bore jobs-creation campaign — nothing short of large-scale nation-building on the home front. Maybe that’s impossible in the current environment. But that’s what the country needs. Reference Here>>
These words above were written by an op-ed opinion columnist for the New York Times who has always been a champion of progressive politics and liberal causes and happens to be African-American ... a tough, but honest assessment.
But the track analogy does not end there ...
This excerpted and edited from the Los Angeles Times - With federal stimulus funds running out, economic worries grow Much of the $787-billion stimulus [adjusted up to $865-billion] has been spent, creating jobs and extending jobless benefits. But with lawmakers reluctant to approve more funding, concerns are rising about staving off another recession. By Alana Semuels, Los Angeles Times - June 30, 2010
With home sales sliding, employers reluctant to hire and world stock markets gyrating wildly, the U.S. economy is in danger of stalling. Now one of its only reliable sources of fuel is running out: federal stimulus spending. ---- Jitters about a global slowdown pounded world markets Tuesday after an index forecasting Chinese economic activity was revised downward and Greek workers walked off the job to protest government budget cuts. In the U.S., the Dow Jones industrial average plunged 268 points on news from the Conference Board that consumer confidence fell in June after three straight months of gains.
Economists worry that the weak labor market will spook U.S. consumers, whose spending fuels the economy. Dwindling federal stimulus funds are only heightening those fears. ---- The American Recovery and Reinvestment Act has been contentious since Congress approved it in February 2009 to aid an economy mired in a deep recession. Republicans have been particularly critical of the program and its price tag. ---- But seventeen months later, those stimulus jobs, along with temporary government positions created for the 2010 census, are among the few bright spots in a dismal employment market. The nation's unemployment rate is 9.7% and companies have shown little willingness to hire. Private-sector employers added just 41,000 jobs in May, out of a total of 431,000 jobs created.
The government has few levers left to pull to produce quick growth. Interest rates are already at rock-bottom levels. Concerns about swelling U.S. deficits have many on Capitol Hill opposed to the idea of another stimulus. That has some economists worried.
"There's an uncomfortably high probability that we slip back into recession," said Mark Zandi, chief economist of Moody's Analytics. "If we slip back, there's no policy response. We won't have the resources to respond."
To be sure, there are still thousands of ongoing stimulus projects and billions of dollars to be spent. The Obama administration is calling this "Recovery Summer" and will spotlight dozens of stimulus projects in the coming weeks. But many important programs are losing funding. ---- Efforts to extend those provisions are stalled in Congress. The National Employment Law Project estimates that 1.63 million workers will exhaust their benefits by the end of this week, and at least 140,000 workers will lose COBRA coverage.
In California, which has the nation's third-highest unemployment rate at 12.4%, the Employment Development Department estimates that 205,000 unemployed workers will not receive further benefits without congressional action. About 2 million Californians are unemployed; nearly half of them have been out of work for 27 weeks or more.
"There's nothing out there," said Jennifer Tilt, a 52-year-old resident of Bloomington, a town in San Bernardino County, whose unemployment benefits will expire soon. Tilt, who has a bachelor's degree, said she's applied for jobs at fast-food restaurants to no avail. She's dependent on her two grown children and her mother's Social Security check to pay the bills. ---- "The human impact of requiring us to find another $1.8 billion in spending cuts to replace federal funding that was designed to help states avoid deep cuts … is both cruel and counterproductive," Gov. Arnold Schwarzenegger wrote to the state congressional delegation earlier this month.
Republicans say extending benefits and other provisions of the stimulus bill will add to the country's trillion-dollar deficit. "Here's another idea Democrats should consider, one that Americans have been proposing loudly and clearly: Stop spending money you don't have," Republican leader Mitch McConnell of Kentucky said last week on the Senate floor.
But Democrats — and some economists — say that spending money now to create jobs and fund unemployment benefits is the only way to stave off another recession.
"What worries me the most is this idea that austerity is going to be helpful," said Michael Reich, a professor of economics at UC Berkeley, who said that ending unemployment benefits could drive more people to file for disability and hamper long-term growth. "When you make an economy shrink, it makes it harder to pay back debt in the future."
The nation's construction industry provides a window into the tough choices facing lawmakers. Federal tax credits have helped drive home sales while stimulus spending on infrastructure has put laborers back to work. Such subsidies are unsustainable in the long run. But when to pull the plug?
New-home sales dropped 33% in May as home-buyer tax credits ended. Construction employment declined in 25 states that same month, according to the Associated General Contractors of America. Reference Here>>
Stop Spending, Stop Spending, Stop Spending money that does not exist.
It is time to implement what worked after the disastrous economy handed to us by the 39th presidency of Jimmy Carter. It is time to kill off the experiment of social engineering that caused this recession in the first place with the creation of sub-prime junk mortgages instigated through the quasi governmental organizations of Fannie Mae and Freddie Mac, cut taxed and regulation requirements imposed by the government which restrict businesses ability to invest and grow the goods and services they produce to meet the needs of our consumer-based economy. It is time to re-embrace American Exceptional-ism!
It is time to visualize becoming a winning team once again, here in Carter's Second Term.
At Halias technologies, we develop advanced computer systems that meet our clients' specific requirements. Our team has an extensive experience in scientific computing for industry as well as in software engineering. We have experience in Oil and Gas, Energy and Micro-electronics. Caption & Image Credit: Halias Technologies
Taxpayers and the Obama nuclear agenda
The Obama administration, yesterday, pledged $8.3 billion, taxpayer backed loan guarantee to support the construction of two nuclear reactors in Georgia. This would represent activity on the first new U.S. nuclear plants in more than three decades at a time we do not have any money to loan.
The monies are being loaned with a condition - the amount of credit subsidy that nuclear developers must pay to the government to cover the risk that a project is not completed and the government has to repay the project's lenders. Industry officials have said an upfront credit subsidy payment of 1 to 2 percent of the loan amount would be manageable, but a significantly higher number would kill the proposed new reactor projects.
Simply stated this, condition to be worked out, removes the free-market investor from the risk side of the equation and transfers it to the taxpayer if the nuclear projects were to default.
How a nuclear power plant works? - why nuclear?, what is nuclear energy, nuclear and the environment, top 10 facts, learn more, nuclear glossary, the pressurized water reactor(PWR): containment structure, pressurizer, steam generator, control rods, reactor vessel, turbine, condenser, generator., boiling water reactor(BWR). Caption & Image Credit: Download Electrical and Electronics Books
This excerpted and edited from The New York Times -
DOE Delivers Its First, Long-Awaited Nuclear Loan Guarantee By PETER BEHR of ClimateWire - Published: February 17, 2010
Administration climate adviser Carol Browner said yesterday that the Energy Department's preliminary commitment to Southern Co. and its partners in the $14 billion Plant Vogtle development was hopefully "the first of many new nuclear projects." ---- Yesterday's anticipated announcement produced the political anomaly of a Democratic president being cheered by the nuclear power industry for supporting nuclear's long hoped-for revival, while being condemned by nuclear power opponents on the left for putting billions of taxpayer money at risk. The program stalled during the Bush administration, and Southern Co. CEO David Ratcliffe said yesterday that there were times he lost hope for it. ---- The guarantee "is a dirty and dangerous distraction from the clean-energy future the president promised America," said Jim Riccio, nuclear policy analyst at Greenpeace.
The administration's unreserved backing of a group of advanced design reactor projects reflects the conviction of President Obama and key aides that the nation cannot reach its goals for reducing carbon emissions from power plants without a bigger contribution from nuclear power, officials say. ---- Southern and its partners, Oglethorpe Power Corp., the Municipal Electric Authority of Georgia, and Dalton Utilities, have 90 days to conclude the agreement announced yesterday. The guarantees would not take effect until the NRC approves operating licenses for the reactors. ---- Doug Koplow of Earth Track Inc., in a paper published last year by the Nonproliferation Policy Education Center, said loan guarantees could reduce nuclear plant financing costs by $500 million a year. "These savings are not 'free' money, as the industry likes to portray them," he said. "Quite the contrary: the savings to a specific industrial facility arise because their business risk is being moved from the investors who will profit from the new reactor to ... taxpayers. It is clearly a good deal for the nuclear industry; far less clear is how the taxpayer is benefiting."
Nuclear power critics assert that there is a substantial risk that the new projects will default, citing a Congressional Budget Office study that estimated a 50 percent likely failure rate. The CBO study, however, was made in 2003, before the loan guarantee program was created. The failure rate calculation assumes that nuclear power from new plants could not complete economically against generating plants fired by coal or natural gas. It did not consider whether future climate policies would make coal or natural gas generation more expensive, or whether environmental regulations would force the closure of coal plants. Reference Here>>
The biggest risk for the investor and the taxpayer is not if a nuclear power plant goes into default ... however large this may become. The biggest risk comes as to where does one would put the nuclear waste now that the Obama Administration has shut down the only site where the nuclear waste could be deposited - Yucca Mountain, Nevada.
So, the Obama Administration fronts our money to promote nuclear development and prime the pump but PLUGS the valve on the waste this completed development would create thereby insuring a default of process!
And as the last sentence of the article reference states --- "It [the taxpayer loan commitment] did not consider whether future climate policies [of Carol Browner and the Obama Administration's EPA] would make coal or natural gas generation more expensive, or whether environmental regulations would force the closure of coal plants.
This nuclear agenda all adds up to a chaos being created in our country's energy sector by the Obama Administration to pair up with the chaos they have already created in our economic sector. Even Carter could not envision this kind of subversive control and command of chaos on behalf of the progressive/liberal political agenda!
Barack Obama - President Obama asks supporters to declare their support for his three core principles for health care reform, and to share their personal stories to help build support for the reforms that are so desperately needed. [ctrl-click to launch video] Learn more at http://my.barackobama.com/healthcare "Madoffing America" - The Marketing Of ObamaCare
The atmosphere here in America is laden heavy with the feel of Caveat Emptor ... let the buyer beware.
We are being told almost daily, that the Government needs to get what the Obama Administration wants to get done in terms of (name program here) legislation immediately, otherwise (name imperative here) will befall all of us and people are suffering.
Further, the Obama Administration is responding to the information that is leaking out about some programs they are fighting for with plastered over non-truths in order to be able to give the patina of cover for the Congress as they go back to their districts during the summer recess.
Linda Douglass - In this video, Linda Douglass, the communications director for the White Houses Health Reform Office, addresses a story that makes it look like the President intends to eliminate private coverage, when the reality couldn't be further from the truth. http://www.youtube.com/watch?v=U0XCl6OHgiM
The Obama healthcare agenda, ObamaCare, is rife with misrepresentations and lies that are designed to have people believe that what this Administration is proposing is not a single payer, a one-size fits all healhcare system, that will push out and eliminate free market solutions that exist today.
Just like Bernie Madoff, who induced investors to give his company money with promises of unbelievable returns, the Obama Administration, with the help of the Democrat Political Party leadership in Congress, are promising something they can not, and do not intend to deliver.
The principles, as outlined on the wbsite - http://my.barackobama.com/healthcare - claims the following so that we citizens can feel comfortable about the proposed Government take-over of one-sixth of our economy - the healthcare system.
Example:
The Principles
President Obama has announced three bedrock requirements for real health insurance reform:
* Reduce Costs — Rising health care costs are crushing the budgets of governments, businesses, individuals and families and they must be brought under control
* Guarantee Choice — Every American must have the freedom to choose their plan and doctor – including the choice of a public insurance option
* Ensure Quality Care for All — All Americans must have quality and affordable health care
All of the above principles are not only untrue ... they are impossible promises to deliver given the text of H.R 3200, America’s Affordable Health Choices Act of 2009 (currently 1,018 pages) passed through the House Energy and Commerce Committee on a 31-28 vote last Friday.
Obama to Jane Sturm: Hey, take a pill - Jane asks the President if her 100 year old mother (now 105) would have gotten a pacemaker under his plan. Well now that's a tough one ... that costs a lot and maybe we will have to say, just take a pill. Priceless. http://www.youtube.com/watch?v=U-dQfb8WQvo
This excerpted and edited from the Charlotte Conservative Examiner and About.com -
Obamacare: death and taxes Hailey Wilson - Charlotte Conservative Examiner - August 4, 12:13 AM
House Democrats have narrowly pushed Obama’s Healthcare bill - H.R 3200, America’s Affordable Health Choices Act of 2009 - through a key congressional committee this past Friday. ---- The official vote [by all of Congress] should be sometime in September, leaving little time for representatives and Americans to learn what the bill is really about.
Here is a start:
This new healthcare plan will take the independence you have in deciding where and how you get your healthcare and put those decisions into bureaucratic hands.
Think about it this way: going to your doctor will be like going to your DMV—long waiting lines, substandard service and inefficient care.
There is one very important difference, however: you or your loved one will be sick, hurt or dying. The inevitable delays in government-funded healthcare mean death, pain or a worsened condition. And what is worse, the government will decide what quality of healthcare is acceptable.
Here are some of the provisions in Obama’s Healthcare bill:
Page 29: Health care will be rationed.
Page 30: A government committee will decide what treatments and benefits you get (and, unlike an insurer, there will be no appeals process)
Page 42: The "Health Choices Commissioner" will decide health benefits for you. You will have no choice. None.
Page 50: All non-US citizens, illegal or not, will be provided with free healthcare services. ---- About.com: Page 57, under section 163, there is something that would give the government power to reach into benefits recipients' bank accounts. It is called "Administrative Simplification," and Subsection 1173A of this measure, "Standardize Electronic Transactions" has a provision (a)(2)(B) that ensures that this new governmental power:
"be authoritative, permitting no additions or constraints for electronic transactions ..." (C) "be comprehensive, efficient and robust, requiring minimal augmentation by paper transactions or clarification by further communications;" and, finally, (D) enable the real-time (or near real-time) determination of an individual’s financial responsibility at the point of service and, to the extent possible, prior to service, including whether the individual is eligible for a specific service with a specific physician at a specific facility, which may include utilization of a machine-readable health plan beneficiary identification card;" ... (E) "enable, where feasible, near real-time adjudication of claims ..." (Emphasis added) ---- Page 58: Every person will be issued a National ID Healthcard.
Page 72: All private healthcare plans must conform to government rules to participate in a Healthcare Exchange.
Page 84: All private healthcare plans must participate in the Healthcare Exchange (i.e., total government control of private plans)
Page 95: The Government will pay ACORN and Americorps to sign up individuals for Government-run Health Care plan.
Page 102: Those eligible for Medicaid will be automatically enrolled: you have no choice in the matter.
Page 124: No company can sue the government for price-fixing. No "judicial review" is permitted against the government monopoly. Put simply, private insurers will be crushed.
Page 127: The AMA sold doctors out: the government will set wages.
Page 145: An employer MUST auto-enroll employees into the government-run public plan. No alternatives.
Page 126: Employers MUST pay healthcare bills for part-time employees AND their families.
Page 167: Any individual who doesn’t have acceptable healthcare (according to the government) will be taxed 2.5% of income.
Page 170: Any NON-RESIDENT alien is exempt from individual taxes (Americans will pay for them).
Page 195: Officers and employees of Government Healthcare Bureaucracy will have access to ALL American financial and personal records.
Page 239: Bill will reduce physician services for Medicaid. Seniors and the poor most affected."
Page 241: Doctors: no matter what speciality you have, you'll all be paid the same (thanks, AMA!)
Page 253: Government sets value of doctors' time, their professional judgment, etc.
Page 265: Government mandates and controls productivity for private healthcare industries.
Page 272: Cancer patients: welcome to the wonderful world of rationing!
Page 280: Hospitals will be penalized for what the government deems preventable re-admissions.
Page 298: Doctors: if you treat a patient during an initial admission that results in a readmission, you will be penalized by the government.
Page 317: Doctors: you are now prohibited for owning and investing in healthcare companies!
Page 318: Prohibition on hospital expansion. Hospitals cannot expand without government approval.
Page 335: Government mandates establishment of outcome-based measures: i.e., rationing.
Page 341: Government has authority to disqualify Medicare Advantage Plans, HMOs, etc.
Page 354: Government will restrict enrollment of SPECIAL NEEDS individuals.
Page 425: More bureaucracy: Advance Care Planning Consult: Senior Citizens, assisted suicide, euthanasia.
Page 425: Government will instruct and consult regarding living wills, durable powers of attorney, etc. Mandatory. Appears to lock in estate taxes ahead of time. Reference Here and Here>>
There is more ... a lot more (and will be updated here from time to time) and it is not pretty.
Single Payer as articulated by now President Barack Obama at an AFL-CIO union meeting.
People are up in arms, showing up in record numbers at politician summer recess community meetings and having their voices heard. Last weekend, 10,000 people showed up at one of these gatherings in Ohio and the press reported that only 200 citizens were in attendance.
The Democrat Political Party leadership have drafted up some talking points to confront this display by condemning it as a manufactured response organized by "Big Insurance" companies, yet AARP, one of the biggest insurance marketers, is on record in supporting the Obama Administration's efforts - no matter what.
We are reminded of an anthem song produced by Bob Marley and the Wailers - "Get Up, Stand Up ... Stand Up For Your Right! [ctrl-click to launch music video] - don't give up the fight!" The time is now to not be duped by the efforts of our one-party leadership scheme and its efforts to nationalize healthcare, no matter how minimal their intrusion. Medicare and Medicaid are government programs that have failed, and all the Democrat leadership wants to do is give all of us this type of program as our only option.
Be very aware of the efforts of the one-party leadership represented by the Obama Administration and the Democrat Political Party led Congress during this Carter's Second Term to convince us to invest in their healthcare (big, bigger, biggest government control) ponzi scheme ... their Madoffing of America.
Later, while sitting alongside Mr Brown in the Oval Office, Mr Obama said Britain's friendship to the US in Iraq and Afghanistan would not be forgotten. He added: "Great Britain is one of our closest and strongest allies and there is a link and bond there that will not break." The president was speaking after around an hour of talks which were dominated by the economy, with both men agreeing that improvements were needed to the regulation of the global banking system. Image & Video Credit: The Telegraph [click photo to launch]
Obama's Empty Suit Advice To Investing In Stocks
Would you buy a used car from this man?
This was a question asked during the Richard M. Nixon Presidency after it was found out that members of his administration were involved with the break in of the Democrat Party offices at the Watergate office complex in Washington DC. The incident caused Richard M. Nixon to step down in disgrace from the highest office in the land.
Largely on the liberal policies talked about and then implemented by the Barack Obama Administration, personal wealth has shrunk by nearly $3 Trillion dollars, and the stock market has dropped 3,000 points since he was elected on November 3, 2008. The stock market has dropped by 25% alone since Barack Obama assumed power, passed $787 Billion dollar Government expansion and spending bill, and introduced his budget proposal that called for increases in government intrusion into our every day lives totaling about $3 Trillion dollars.
Simply stated, President Barack Obama has passed or proposed spending that surpasses all government spending (when one adds it all up) from the time the first president took office 233 years ago until President Obama was sworn in.
Yesterday, Barack Obama met with the executive leader of England, Gordon Brown. During this meeting, Obama and Brown were in front of reporters and President Barack Obama was asked about the sudden and deep declines in the stock market.
After talking down the economy all during the time he has been waiting to assume the power of the office, then in six short weeks while in office, helps to ramrod through a spending bill and introduce a budget that expands Federal Government spending while penalizing free enterprize and promotes unemployment, Barack Obama decided to dispense some stock investing advice as the markets continued to TANK!
This excerpted and edited from a transcript at the Rush Limbaugh radio show -
Obama to Stock Market: Drop Dead TRANSCRIPT, Rush Limbaugh Show - March 3, 2009
RUSH: I said yesterday there was a CNN commentator out there who said over the weekend that he knows somebody that said Obama's speeches, they're like sex. They're better than sex. I can see how that's true. When Obama speaks, the American people get screwed. This morning in the Oval Office, Obama talking with Gordon Brown. Here is a portion of the conversation.
OBAMA: What I'm looking at is not the day-to-day gyrations of the stock market but the long-term, uh, ability for the United States and the entire world economy, uh, to regain its footing. Uh, and, y-y-you know, the stock market is sort of like a tracking poll in politics. It bobs up and down day to day, uh, and if you spend all your time worrying about that, you're probably going to get long-term strategy wrong.
[NOTE: a tracking poll does not directly relate to the money in one's retirement account or house value]
RUSH: Did you hear that? He said it's a tracking poll! It's like a tracking poll in politics. It's going to bubble up and down; you can't pay attention to tracking polls.
If it's a tracking poll, if that's what it is, you're in the tank, Mr. President. He's not concerned! Three trillion dollars of wealth has vanished since he was elected. The Dow Jones Industrial Average down around 3,000 points. He doesn't care!
He just said we're not looking at it. Day-to-day gyrations? How-about-month-to-month declines. There are no day-to-day gyrations to speak of here. There is just a steady decline. Besides he's gotta worry about the long-term ability, the US and the world economy to regain its footing.
The stock market happens to be where people who have skin in the game are located, and they're getting out. Here's another exchange Obama had with Gordon Brown.
OBAMA: What you're now seeing is profit and -- and earning ratios are -- are starting to to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it.
Uhhh, I think that consumer confidence, as they see the American, uh, Recovery and Reinvestment Act taking root, uh, businesses are starting to see opportunities for investment, uh, and potential hiring.
RUSH: Really?
OBAMA: It's not going to happen overnight.
RUSH: No.
OBAMA: And my main message to the American people --
RUSH: Yes?
OBAMA: -- is to just recognize that, um, we dug a very deep hole for ourselves. There were a lot of bad decisions that were made. We are cleaning up that mess. Uh, It's going to be, sort of, uh, full of fits and starts in terms of getting the mess cleaned up, but it's going to get cleaned up.
RUSH: This is Obama distancing himself from his own economy, distancing himself from the failure of his own recovery plan, and dumping it on the Bush administration. We inherited everything! He's going to get away with this for a while, with a lot of Americans. Reference Here>>
The truth is that many of Barack Obama's economic remedy plans (TARP) are a continuation of what President George W. Bush initiated. The people that President Barack Obama has appointed to fill his administration to carry through with his vision of how we dig ourselves out of the credit crisis are many of the same people Bush relied upon to manage what plans he put into play.
