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Posts Tagged ‘economy’


I have thought about the health care reform the Dems are trying to pass. It may have some good ideas, but the bottom line is more government spending. Representative Dennis Kucinich, one of the most liberal in Congress voted no on the first attempt and still opposes these bills. This should make people question why one of the Dems own is so adamantly against this bill. His reasoning was it does nothing to address the insurance premiums that keep going higher and higher. It doesn’t address any of the health care problems such as rampant prescription drugs, insurance premiums and all facets of health care. For the government to throw money at health care, which is basically what they are doing, will do nothing other than put our country closer to bankruptcy and four years down the road make it hard on the states after the government “help” for medicare runs out.
I have always thought that there are two major factors at the root of the health care problem. Welfare and Illegal Aliens. The welfare reform under President Clinton was a joke. Supposedly after three years of being on the welfare rolls you were to be “retrained” for a new job, you couldn’t get any extra money for having additional children, etc. Yeah, right. There are still career welfare recipients collecting, recipients having kids to get more money and people basically screwing the system by lying to and cheating the State and Federal governments. Another problem is medicaid for these welfare recipients. I don’t know of anyone who has an insurance plan that pays 100 percent with no co-pays, except medicaid. Even Medicare has co-pays without real prescription coverage as the majority don’t qualify for it.
So why is it that social security recipients on medicare have co-pays while welfare recipients do not. A lot of welfare recipients get more money monthly than some social security recipients but yet they have free health care and free prescription drugs and the majority abuse the system with their non emergency ambulance rides to the emergency rooms.

So, the first health care problem reverts to welfare/medicaid. There needs to be true welfare reform in this country instead of just throwing money at medicaid thereby expanding it and those that are on welfare should be working at government funded programs. It would not hurt these recipients to be a “gopher” for a highway construction crew or the flagman just to give you an idea.

The second problem would be illegal aliens. I say aliens and not immigrants because they are not immigrants. They are criminals who are in our country illegally. If there were 500 Arabs here in our country illegally, people would be raising hell. So why is it with the hundreds of thousands of illegals from Mexico in our country, they call it illegal immigration and offer them welfare and free health care to them and their families? Mexicans are no different than an Arab, Asian or European in our country illegally. They are criminals and should be deported and told to come back when they obtain a Visa and/or take the legal steps to come to our country legally. To allow them to remain here is a slap in the face of every immigrant that came to our country legally before them.

To figure out the problem the states will face with expanded medicaid and allowing illegals to remain and have welfare and health care for free, one only has to look at the financial mess in the state of California. The state could save billions if they would cut welfare/medicaid to illegals. They could save billions more by deporting all of the illegals in the state including the ones in the prison system. Of course you have those that argue the illegals do jobs that no one else will. How do we know this? If the job was available and somebody needed work, especially in this economy, I believe there are those that would jump at the chance to work.

Yes we need real health care reform but it needs to start with welfare, medicaid and immigration reform. Then the entire health care field needs to be looked at as far as ways to contain medical costs including but not limited to prescription medication costs, insurance premiums, hospital charges, medical clinics and medical equipment costs. Both parties need to work together and come up with a viable plan that benefits everyone and not just the lower income and poor. The taxpayers are overburdened already and it is just a matter of time before taxes will increase to payoff all of the bailouts under Presidents Bush and Obama.
It appears that nothing was learned from the great depression when the government threw money at the economy then with no change for over a decade in unemployment and jobs. The same is holding true now. The government has thrown all of this money at the economy while saying how many jobs it has save and how it avoided bank collapse. Well, Unemployment is at ten percent and banks are still closing every month. They tell us that spending was up for February and it shows the recession is over. I beg to differ. Spending was up in February because people received their tax refunds. Housing is still down and went down again last month. Gasoline is going back up which will stall any hope of a recovery because people do not have the money to spend after paying the higher prices. The government most likely manipulates the statistics so we hear what they want to tell us. One can only wonder what the true unemployment rate is, those that no longer receive benefits because they ran out, those who are underemployed, those who have given up and the list goes on. I am anxious to see what the statistics are for March that the government releases. So far there has not been any reform on Wall Street or in Banking like was promised. It is more of the same, meanwhile, speculators continue to drive up the cost of oil and gasoline because there sure isn’t any demand for it.

I am ashamed of my representatives and their out of control spending. I want better for my children and grandchildren than a huge bill payable in full when they reach adulthood. The buck stops here. Everyone needs to contact their Congressional representatives and the White House and demand better. If you are like me, then you are tired of the shenanigans in Washington and tired of them living the high life with the lobbyists. We need to send a message to them that the party is over.

I am a registered Democrat but soon to switch to Independent.

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An interesting article about Health Care. The government berates the Insurance companies but what about the drug companies and their high cost for medication and the other health care companies. One of the most liberal representatives in Washington still votes NO on this health care that the democrats are trying to ram down our throats because it won’t do anything to reduce the rampant costs of premiums, medications and every other aspect of the health care industry.

Here is the article:

White House Confronts Insurers on Premiums
Obama Cites Rising Rates in Push for Health Overhaul, as Industry Executives Say Hospitals, Drug Makers Are to Blame

By JANET ADAMY and AVERY JOHNSON

WASHINGTON—The government’s top health official summoned health-insurance chief executives to the White House Thursday and told them they need to disclose more data justifying sharp premium increases.

The dressing-down, part of which was televised, was part of a campaign by the White House to build support for its health overhaul as President Barack Obama presses Congress to deliver final legislation to his desk in the next few weeks.

Mr. Obama met at the White House Thursday with more than a dozen House Democrats to begin his last round of lobbying. Some liberals who have expressed concern that the overhaul doesn’t include a public insurance plan to compete with private insurers said they felt better about the bill after hearing the president’s pitch.

However, Dennis Kucinich, one of the House’s most liberal members who voted no when the House passed its version of the overhaul last November, said he is still opposed. The latest version of the legislation would do nothing to “effectively control the pace of increased premiums and increased profits that go with it,” Mr. Kucinich said.

The White House says its bill will rein in private insurers and has been pointing to a series of premium increases as high as 39% in states like California to back its case for an overhaul.

Health and Human Services Secretary Kathleen Sebelius called five insurance company executives, including the heads of UnitedHealth Group Inc. and WellPoint Inc., to the Roosevelt Room to request explanation on the recent rate increases.

Mr. Obama dropped by and read them a letter from a 50-year-old cancer survivor from Ohio whose premiums rose 40% this year. He told the group that such rate increases are “unjustifiable,” White House Press Secretary Robert Gibbs said.

Insurers said the drug makers, medical-device makers, hospitals and other health-care companies are driving up the underlying cost of medical care. They said that trying to lower premiums without addressing those costs was destined to fail.

“The rate is really reflective of our other parts of the health-care delivery system,” Ron Williams, chief executive of Aetna Inc., told the group at the beginning of the meeting. In an interview after the meeting, Mr. Williams said the secretary should have included representatives from those industries.

The day started with gracious exchanges followed by sharper words afterwards

Ms. Sebelius asked the companies to begin posting information online for consumers to explain how much of their revenue goes toward administrative costs, marketing and actual care, along with other details of the rate increases. She called for “greatly increased transparency about what indeed is going on.”

Several executives at the meeting said they didn’t immediately commit to posting the information but were open to the idea. Much of that data is already detailed in filings to state insurance regulators, though they are difficult to access. Publicly traded companies report executive compensation and national cost trends, but keep some other measures under wraps as trade secrets. “There might be more transparency out there than you might realize,” said UnitedHealth Chief Executive Stephen Hemsley.

The two sides couldn’t agree whether insurers are highly profitable or just scraping by. Industry executives rolled out data showing their average profit margin was 2.2% last year, lower than other health industries. Ms. Sebelius cited figures showing that top insurers earned a collective $12 billion in profits last year, a 56% increase from the prior year, but that didn’t account for one-time gains.

The health overhaul, if passed, would require most Americans to carry health coverage or face a fine, meaning insurers would get more business.

However, insurers would be required to accept all applicants, including those who are sick. And they would see tougher restrictions on premium increases, particularly through the new state-based insurance exchanges.

The White House has also proposed a new federal body with power to review premium increases. But that may not end up in a final bill due to procedural regulations that might require it to be jettisoned. That would be a relief for insurance companies, who say the panel would duplicate the rate regulation they already get from individual states. “If you have the rules written in the states and the prices written in Washington, there might be a disconnect,” said Angela F. Braly, chief executive of WellPoint Inc.
—Laura Meckler and and Jonathan Weisman contributed to this article.

Write to Janet Adamy at janet.adamy@wsj.com and Avery Johnson at avery.johnson@WSJ.com

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It never ceases to amaze me how our government spends money hand over fist for illegal immigrants. It is a slap in the face to all taxpayers and legal immigrants who have taken the steps needed to stay and live here. Take a look:
===========================================================================================
Links to check out: Cost of Illegal Immigration , Immigration and Welfare and The high cost of cheap labor

A Real Eye Opener

WHY is the USA BANKRUPT?

Informative, and mind boggling!

You think the war in Iraq is costing us too much? Read this:

Boy, was I confused. I have been hammered with the propaganda that it is the Iraq war and the war on terror that is bankrupting us.

I now find that to be RIDICULOUS.

I hope the following 14 reasons are forwarded over and over again until they are read so many times that the reader gets sick of reading them. I also have included the URL’s for verification of all the following facts…

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.

Verify at: http://www.fairus.org/site/PageServer?pagename=iic_immigrationissuecenters7fd8

2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.

Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.

Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML

4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English!

Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt..0.HTML

5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.

Verify at http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.HTML

6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.

Verify at: http://transcripts.cnn.com/%20TRANSCRIPTS/0604/01/ldt.01.HTML

7. 30% percent of all Federal Prison inmates are illegal aliens.

Verify at: http://transcripts.CNN.com/TRANSCRIPTS/0604/01/ldt.01.HTML

8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.

Verify at: http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.HTML

9. $200 Billion dollars a year in suppressed American wages are caused by the illegal aliens.

Verify at: http://transcripts.cnn.com/TRANSC%20RI%20PTS/0604/01/ldt.01.HTML

10. The illegal aliens in the United States have a crime rate that’s two and a half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US .

Verify at: http://transcripts.cnn..com/TRANSCRIPTS/0606/12/ldt..01.HTML

11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries.. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the US from the Southern border.

Verify at: Homeland Security Report:

12. The National policy Institute, estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.’

Verify at: http://www.nationalpolicyinstitute…org/PDF/deportation..PDF

13. In 2006 illegal aliens sent home $45 BILLION in remittances to their countries of origin.

Verify at: http://www/..rense.com/general75/niht.htm

14.. ‘The Dark Side of Illegal Immigration: Nearly One million sex crimes Committed by Illegal Immigrants In The United States .’

Verify at: http: // http://www.drdsk.com/articleshtml http://ww/%20w.drdsk.com/articleshtml

The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR AND IF YOU’RE LIKE ME HAVING TROUBLE UNDERSTANDING THIS AMOUNT OF MONEY; IT IS $338,300,000,000.00 WHICH WOULD BE ENOUGH TO STIMULATE THE ECONOMY FOR THE CITIZENS OF THIS COUNTRY.

Are we THAT stupid? YES, FOR LETTING THOSE IN THE U.S.CONGRESS GET AWAY WITH LETTING THIS HAPPEN YEAR AFTER YEAR!!!!!

Uncle Sam wants you to Fire Congress !

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Had enough ?


What has our government done to our country? Do you trust the Repbulican and Democrat parties? People need to start looking at a third party choice otherwise our country will continue to go to hell quickly while the Dems and Repubs care only about dissing each other and winning. None of them give a shit about us. The things they do cost us billions and does little if anything. Here are some headlines (links included in the headline) just from recent events in our country regarding our illustrious do nothing but make money at our expense leaders. After the $912 billion price tag for the latest health reform bill, it is expected to only cover 2 percent of those without insurance and those on welfare will have expanded benefits, meaning more free rides by ambulance to the hospital at our expense. I am so sick of politics as usual in Washington. We need a change that both major parties cannot provide us. Please, consider voting for someone other than the status quo in the next election or we may not have a country left or maybe will have one with the flag of China flying over us. Save the stars and stripes before it’s too late.
Check our these headlines and give some serious thought to what is going on in our country today and over the last decade. I for one am tired of Washington greed.

Geithner says banking system now ‘more stable’

Geithner: Deficit too high, but avoids tax talk

As jobs vanish, factory towns slow to see stimulus

After all the fuss, public health plan covers few

Republicans aim for rival health plan in House

Third party challenges in NJ, NY are warning sign

CIT files for Chapter 11 bankruptcy protection

Flex spending accounts face hit in health overhaul

Republicans eye Obama revenge in off-year elections

Future of GOP and moderate Republicans uncertain

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burning money = federal stimulus bill

burning money = federal stimulus bill


It appears that Obama will create 273,000 new federal jobs giving us even bigger government instead of scaling it back and inevitably at taxpayer expense. If our country doesn’t go bankrupt first, then it’s only a matter of time before he raises everyones taxes including the tax burdened middle class.
Where are the private sector jobs? Why hasn’t the stimulus money being spent on projects other than upgrading government buildings with stronger exteriors and bulletproof glass and telling everyone it is a “green” project? They were wanting to pass the stimulus bill so quickly that the majority of congress didn’t even read it so it is hard to tell what surprises they have included in it for us all. I don’t know of many projects that are using stimulus monies.
As for Obama’s health care, It needs to be across the board and should not penalize anyone that doesn’t want it like the current bill that is being considered does. This administration needs to actually find a real way to pay for the health care instead of using estimates from cuts to other programs. It never works that way and always comes back to taxpayers. I worry about the current administration starting new government programs which possibly could take away our freedoms such as his brainchild of a national security force. Hitler started the same thing called the
I also read where the market is up because they think the retailers report for August was good news. If you think about it, it isn’t. Most retailer sales in August were from school sales due to families getting ready for the new school year to start. I expect that sales for September will drop. We are not out of the woods yet as far as this recession and it may still get worse. Banks took more money from the Federal Reserve emergency program and Obama seems more concerned about the federal reserve and banks giving them more power and more money, etc. than showing concern and working for the people. Thus far, Obama has been no different than Bush and actually worse in some instances such as another record deficit. It is only a matter of time before we see the TAX part of the tax and spend that Washington loves so well. A scary outlook in my opinion.

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I read this article and thought it interesting and most of it right on regarding Obama including his “shovel-ready” stimulus/pork project. I wanted to share it. I only wish that there was another recognized party in my state that I could join other than democrat or republican. I’m sick and tired of both.

Obama’s other growing deficit
By Ralph R. Reiland Monday, August 24, 2009

What we’re seeing with President Obama’s plummeting poll numbers is a quick case of buyer’s remorse.

More broadly, Gallup reports that conservatives now outnumber liberals in all 50 states, with more Americans self-identifying themselves as conservative than at any time in the past four years.

Gallup surveys from January 2009 — the month of Obama’s inauguration — through June 2009 show that 40 percent of respondents described themselves as conservative: 31 percent “conservative” and 9 percent “very conservative.”

Only 21 percent of respondents described themselves as liberal: 16 percent “liberal” and 5 percent “very liberal.”

That 2-to-1 margin is big news even if The New York Times doesn’t see it as newsworthy. Or to rephrase an old question, if liberalism crashes to the ground and The Times doesn’t report it, does that mean it didn’t happen?

“You know this is important polling news because the establishment media is pretending it doesn’t exist,” wrote Tom Blumer in The Wall Street Journal. “You can’t find a relevant reference to it in searches on ‘Gallup’ at The New York Times, AP.org, The Washington Post or the LA Times.”

What went wrong for Obama is everything.

It started with the almost $800 billion nonstimulating stimulus bill, overstuffed with pork by congressional Democrats. The idea was to give a fast “jolt” to the economy, speedily create millions of jobs, and quickly end the hardships of the unemployed. So important was the speed that legislators didn’t even take time to read the bill.

Now, half a year after the rushed enactment of the Democrats’ idea of “shovel-ready” stimulation, 90 percent of the money is still stuck in the political pipeline, waiting for politicians to decide which pothole to fix or which nephew to hire, and 3 million more jobs have been lost.

In the latest USA Today/Gallup survey, the majority of respondents say the stimulus package is having no impact on the economy or making it worse.

What would have worked better and faster at getting people back to work is a cut in personal income taxes — personal consumption expenditures account for most of the spending and job creation in the U.S. economy — and tax cuts for small business, the sector that has produced 60 percent to 80 percent of the new jobs per year in the American economy over the past decade.

Instead we got billions in slow-moving pork, more bailouts for bloated state governments and calls from Obama for higher taxes and more federal mandates on businesses that are already struggling to maintain their current levels of employment. Plus Obama’s push for card check: i.e., unionism without elections so a grievance chairman and victimology adviser could be assigned to watch over any entrepreneurial type who still has a semblance of self-reliance and independence in his soul.

Then came Obama’s record-smashing federal budget with a deficit now projected at $1.85 trillion — four times larger than George W. Bush’s largest deficit. Plus another trillion or so in projected costs for Obama’s cap-and-trade scheme in order to slow down the “crisis” of global warming, disregarding the fact that things have been cooling down for a decade.

Add the trillions we’re on the hook for in the Troubled Asset Relief Program and the Congressional Budget Office’s estimated price of $1 trillion-plus for Obama’s health reform plan over the next decade. It looks like we’re going to be floating on a massive flood of red ink into a full state of peonage.

Or as Investor’s Business Daily recently put it: “Eventually, the total take by government at all levels will be well over 50 percent of GDP — enough to sink the U.S. economy into a state of semi-permanent stagnation, a socialist stupor.”

And what about the kids and Grandma in this collectivist utopia? There won’t be as many.

Obama’s new science czar, John Holdren, has written that “compulsory population-control laws, even including laws requiring compulsory abortion, could be sustained under the existing Constitution.” Just put people like Sonia Sotomayor on the Supreme Court, the historic figure who couldn’t see anything wrong with throwing out employment tests when too many white guys score at the top.

As for Grandma, Obama health adviser Ezekiel Emanuel, Harvard-produced bioethicist and brother of White House Chief of Staff Rahm Emanuel, explained the “shovel-ready” final solution: No medical treatments for anyone falling short in their role as “participating citizens.”

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I’ve heard many people saying that the government should bail out GM because it will save people’s jobs.
I have a hard time swallowing that pill. First off, why is GM different than other companies that have filed bankruptcy in the past? Why didn’t the government bail them out? Second, why should taxpayers pay for GM’s mismanagement. They saw this coming years ago when they failed to turn a profit during the boom years of the mid 90s. If Ford can renegotiate contracts with the union to actually save some jobs, then why can’t GM.
Another question that really bothers me is why AIG is so special that millions of dollars are used to bail them out? They should have made changes long ago but didn’t. Even with the bail out monies they haven’t differed in their line of thinking.
They still hold their meetings and training at the most exclusive resorts. The CEO should have told the top level administrators that there would be no bonuses and if they didn’t like it, find another job. Instead, they paid bonuses to “keep the brightest and the best”. Apparently they aren’t the brightest and the best seeing as they were close to failing and needed government money to stay afloat and then more money. They also lied to Congress about the amount of bonuses paid out. They finally fessed up on the third time.
With all of the money given to banks, it hasn’t helped either. First, they aren’t lending it, they are using it to buy other banks, which does nothing for the economy. Second, 36 banks have already failed in 2009 so how big of an impact is the money making?
In the past I don’t recall the government bailing out companies. The companies would file for bankruptcy and either close or come out stronger on the other side. Are these bailouts part of our march to a socialist government where the government has ownership in everything and tells people what they can and can’t do, what to think and how to live?
Government is too big as it is, we don’t need them meddling in running big corporations. It’s pretty much a given that anything government touches turns to crap.
If government wants to do something helpful, stop the oil and gasoline speculators as they are back at it again driving up the prices. That, I believe, is the real reason we entered a recession, everything else like the banks, housing, etc, are secondary. Consumer spending is 2/3 of the economy. When an average family spends $250 per month on gasoline when it’s $2 per gallon, when it reaches $4 a gallon, your gasoline bill doubles to $500 per month. So now you have $250 less to spend per month than before. That’s quite a bit. People think that a .10 or .20 increase here and there doesn’t matter but if you look at the long term monthly amounts, those increases are quite a bit.
It appears that the government may take a large part of GM shares and Obama and gang are already telling them they have to close up to 14 plants and then open a small car plant. They are already telling us that we should have small cars and get rid of SUV’s. They want the suv plants closed. More government meddling.
Obama promised change but it’s politics as usual in Washington, DC. We need to hold all of the Washington elite accountable. Vote every single one of them out. Just say no to incumbents.

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