Econ/Invest Archive

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Young Healthy People Avoiding ObamaCare

Who woulda thunkit, older people are the majority of the people signing up.  Who would have thought when you promise to rig a market in favor of people who have higher health risks those people would sign up and the people who you need to fund it, i.e. people who are young and healthy and a much lower risk avoid it like an Obama voter avoids logic.

TOur owners can’t have this, if young healthy people don’t pay for the extremely high insurance costs of their elders then this ponzi scheme simply won’t work.  Couple this with doctors saying they won’t participate with the ACA and one has to wonder what the Feddies next coersive move will be.

obamacare suppositories

Young Avoid New Health Plans

Early Buyers of Coverage Are Older Than Expected, Raising Expense Concerns

The Wall Street JournalBy Christopher Weaver | The Wall Street Journal – 2 hours 36 minutes ago


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They Are Saying What???

Is this a sign?

say what now

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Insurance Companies Being Threatened

No surprises in this video, other than it is being reported by CNN.

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Mr. Obama, Your Shipment Has Arrived

Mike Adams lays it out pretty well.  Here is the meat and potatoes if you aren’t interested in reading the whole thing.

Problem #1) The disastrous Healthcare.gov website which still doesn’t work.

Problem #2) RATE SHOCK as Americans realize they are going to have to pay up to 539% more just to keep their current health insurance plans.

Problem #3) The massive, widespread cancellation of existing health insurance policies because of Obamacare. Millions of Americans are losing their health care coverage right now…

Problem #4) Critical failures communicating insurance status to doctors, hospitals and health service providers (this hasn’t even been tested, and once it is initiated, it will crash hard).

Problem #5) Massive hacker theft of personal data thanks to disastrous security engineered into Healthcare.gov. Expect to see widespread theft of personal data (social security numbers, bank account information and more) if the Healthcare.gov website ever starts to function. The only reason personal data hasn’t yet been stolen from the site is because the servers crash too quickly for hackers to get through.

Mr. Obama, you are accomplishing something all the rethuglican morons failed to do.  Convince the people that The Affordable Healthcare Act is a steaming shit-sandwich. 

Congratulations,

shipment of fail has been delivered

 

RATE SHOCK: Obamacare causing 539% increase in health insurance costs for Texans  (see proof)

Tuesday, October 29, 2013
by Mike Adams, the Health Ranger
Editor of NaturalNews.com (See all  articles…)
Tags: Obamacare, rate  shock, health insurance  costs

(NaturalNews) It is crucial for the White House that the Healthcare.gov website  continue to fail, because once the site actually starts functioning, Americans  are going to be hit with such devastating rate shock that the Obama  administration may never recover.
Obamacare is named the “Affordable Care  Act,” after all, and the President promised the rates would be “as low as a  phone bill.” But I just received a confirmed letter from a friend in Texas  showing a 539% rate increase on an existing policy that’s been in good  standing for years.
As the letter reveals (see below), the cost for this  couple’s policy under Humana is increasing from $212.10 per month to $1,356.60 per month. This is for a couple in good health whose combined  income is less than $70K — a middle-class family, in other  words.
That’s a 539% rate increase!
$1,356.60 per month is  not “affordable” health care. It’s monopolistic price gouging mandated by  the Obama administration and enforced essentially at gunpoint. This isn’t health  care; it’s highway robbery.
To clarify: this increased rate policy  is not “under” Healthcare.gov, but the 539% rate increase is being caused because of Obamacare’s new rules and requirements. If Obamacare hadn’t  become law, this couple could have continued spending $212 per month. Instead,  they’re now going to have to spend $1,356 per month or sign up for Obamacare and  hope to get a better rate there (if the website even functions long enough to  enroll).
Here’s a scan of the actual letter:

Millions are losing health care coverage thanks to Obamacare

All across  America, people are getting hit with letters like these. Some letters inform you  that you’ll have to pay double, triple or quadruple the current rates; other  letters tell you your coverage is being dropped completely. According to one  health policy expert, 16  million Americans will lose their health insurance due to  Obamacare.
This mass wipeout of health insurance coverage is already  under way. So far 1.5  million Americans have already lost their health insurance thanks to  Obamacare. That number is a large multiple of how many people have actually  enrolled in Obamacare. (Far more people are losing health insurance than gaining  it.)
Also, according to NBC News, Obama  knew well in advance that millions of Americans would lose their insurance.  This didn’t stop him from lying to the public, however, and claiming, “You can  keep your current insurance” if you like it.
Everything about Obamacare  has been a blatant lie, it seems: the Affordable Care Act is not affordable; you  can’t necessarily keep your doctor; and you can’t even shop for policies because  the Healthcare.gov website continues to crash worse than a low-budget carnival  ride.
It’s so bad that even Saturday Night Live, which practically  functions as the comedy mouthpiece for the Democratic party, tore into the  fiasco with a blistering comedy skit that paints HHS secretary Kathleen Sebelius  as a delusional, out-of-touch Obamacare apologist. Watch it at:
http://www.youtube.com/watch?v=hsT_q_MR7Xw
or
http://www.youtube.com/watch?v=Sx7Nwj5M1Kc
In the  parody video, Sebelius says:
“If our site keeps freezing, we’ve also  provided helpful links to other websites such as Kayak.com, where you can  purchase airline tickets to Canada, where you can buy cheaper prescription  drugs.”

Obamacare has five critical, show-stopper problems, each of which could  independently bring down the whole system

Problem #1) The disastrous  Healthcare.gov website which still doesn’t work.
Problem #2) RATE SHOCK  as Americans realize they are going to have to pay up to 539% more just  to keep their current health insurance  plans.
Problem #3) The massive, widespread cancellation of existing  health insurance policies because of Obamacare. Millions of Americans are  losing their health care coverage right now…
Problem #4) Critical  failures communicating insurance status to  doctors, hospitals and health service providers (this hasn’t even been tested,  and once it is initiated, it will crash hard).
Problem #5) Massive hacker  theft of personal data thanks to disastrous security engineered into  Healthcare.gov. Expect to see widespread theft of personal data (social security  numbers, bank account information and more) if the Healthcare.gov website ever  starts to function. The only reason personal data hasn’t yet been stolen from  the site is because the servers crash too quickly for hackers to get  through.

Bottom line: Obamacare is an economic apocalypse for America

Beyond the  lies and campaign promises, the real ramifications of Obamacare are:
• Widespread job losses as employers cut hours and fire workers they can no longer  afford to keep on the payroll thanks to Obamacare.
• Millions of  Americans losing their existing health insurance coverage.
• Insane rate  increases under a monopoly system that forces Americans to pay exorbitant fees  to a cabal of insurance companies and drug companies.
• The widespread medical bankruptcy of American workers, families and  employers.
This is all by design, and it was all made possible by the  people who got suckered into voting for a President who deliberately seeks to  utterly destroy America.
Learn more:  http://www.naturalnews.com/042703_Obamacare_rate_shock_health_insurance_costs.html#ixzz2j89hY0Wz

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Now It Makes Sense

Hat-tip to JQ over at The Burning Platform for posting this story and providing his own commentary regarding it (see below).  It makes sense that Mitch McConnell worked to get the resolution through and started back up the government and raised the debt ceiling.  He got his favor, his pet project.  Outside of a handful of representatives (the ones similar to former congressman Ron Paul in ideology), they are not actually opposed to Obamacare.  They dont’ care, they are exempt; this crisis was nothing more than an opportunity to negotiate earmarks for what they wanted and look tough for some constituents.  Can’t let a crisis go to waste is the motto of both the Dipshitocrats as well as the Rethuglicans.  What we have today isn’t a 2 party system; there is only 1 party: the Political Party and it is just as blue as it is red.

They pay themselves with money stolen from us so that they can do a job that is entails telling us how they are going to spend the remainder of the stolen goods they forcibly took from us while dictating how we are allowed to live our lives and how much they plan to steal from us in the future.  And seemingly intelligent people still think they work for us and we need them? (sigh)  If this is what order and justice entails, how much worse would anarchy really be; it would be good to think about it because the way things are going with these crooks in charge it likely isn’t that far down the road.
Simply put; better work on your zombie plan because we are doomed.

doom

$2 BILLION BRIBE PAID TO MITCH McCONNELL TO PASS OBAMA BILL

Posted on 17th October 2013 by Administrator

These slimy weasels are bought and sold like cheap whores. And that is an insult to all my cheap whore readers. Mitch McConnell is everything that is wrong with this country rolled into one disgusting package of shit. Kicking the can and bending over for Harry Reid and the Obamanistas are his specialty. When he was the Senate Leader the Republicans cut nothing. He added trillions to the national debt when he was in control. We are a deadbeat nation led by corrupt brain dead old men. This turtle faced douchebag needs to be crushed by a truck while crossing the road.

McConnell-Reid Deal Includes $3 Billion Earmark for Kentucky Project

    

Credit File photo
U.S. Sen. Mitch McConnell, R-Ky.,

A proposal to end the government shutdown and avoid default orchestrated by Republican Leader Mitch McConnell and Democratic Leader Harry Reid includes a nearly $3 billion earmark for a Kentucky project.

Language in a draft of the McConnell-Reid deal (see page 13, section 123) provided to WFPL News shows a provision that increases funding for the massive Olmsted Dam Lock in Paducah, Ky., from $775 million to nearly $2.9 billion.

The dam is considered an important project for the state and region in regards to water traffic along the Ohio River.

As The Courier-Journal’s James Bruggers reported in 2011, the U.S. Army Corps of Engineers said they needed about $2.1 billion for the locks due to “stop and go funding.”

Asked about the additional funding in the proposal, McConnell spokesman Robert Steurer directed all questions to lawmakers who worked on the bill directly.

“Senators (Diane) Feinstein and (Lamar) Alexander, the chair and ranking member of the energy and water subcommittee, worked on the issue and can help you,” he says.

Since 2009, McConnell has been an outspoken supporter of the project, and has been working on getting its funding for some time.

Watch:

Still, conservative critics of the proposal argue it is nothing more than a “kickback” for McConnell in an age where Tea Parties have eschewed earmarks.

The Olmsted Dam sees nearly 90 billion tons of materials such as coal, petroleum and other goods move through that stretch of the Ohio River annually.

UPDATE 7:30 p.m.:

A statement from Sen. Alexander’s office to BuzzFeed says the language was added to prevent funding from being canceled.

“According to the Army Corps of Engineers, 160 million taxpayer dollars will be wasted because of canceled contracts if this language is not included. Sen. [Diane] Feinstein and I, as chairman and ranking member of the Energy and Water Appropriations Subcommittee, requested this provision. It has already been approved this year by the House and Senate.”

UPDATE 9:35 p.m.:

The Senate passed the McConnell-Reid deal by a 81-18 vote and it now heads to the House.

Among those who voted against the bill were Sen. Rand Paul of Kentucky, who derided the legislation for overlooking the nation’s debt.

“Tonight, a deal was struck to re-open the government and avoid the debt ceiling deadline. That is a good thing,” Paul said in a statement. “However, our country faces a problem bigger than any deadline: a $17 trillion debt. I am disappointed that Democrats would not compromise to avoid the looming debt debacle.”

Paul’s office has not responded to our request for commenting regarding the provision for the Olmsted project.

In a follow-up e-mail, McConnell’s office told the radio station the GOP leader did not request Alexander put wording to raise the authorization for funding in the bill despite McConnell’s support for earmark funding in the past.

Original HERE.

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Will We Get Fooled Again?

Meet Janet Yellen; Bernanke’s replacement. 

janet yellen

Other than lacking a prominent beard, what’s really going to be different the new boss?

will we get fooled again

I think we will…

New Fed Boss Same as the Old Boss

By

October 14, 2013

The news that Janet Yellen was nominated to become the next Chairman of the Board of Governors of the Federal Reserve System was greeted with joy by financial markets and the financial press. Wall Street saw Yellen’s nomination as a harbinger of continued easy money. Contrast this with the hand-wringing that took place when Larry Summers’ name was still in the running. Pundits worried that Summers would be too cautious, too hawkish on inflation, or too close to big banks.

The reality is that there wouldn’t have been a dime’s worth of difference between Yellen’s and Summers’ monetary policy. No matter who is at the top, the conduct of monetary policy will be largely unchanged: large-scale money printing to bail out big banks. There may be some fiddling around the edges, but any monetary policy changes will be in style only, not in substance.

Yellen, like Bernanke, Summers, and everyone else within the Fed’s orbit, believes in Keynesian economics. To economists of Yellen’s persuasion, the solution to recession is to stimulate spending by creating more money. Wall Street need not worry about tapering of the Fed’s massive program of quantitative easing under Yellen’s reign. If anything, the Fed’s trillion dollars of yearly money creation may even increase.

What is obvious to most people not captured by the system is that the Fed’s loose monetary policy was the root cause of the current financial crisis. Just like the Great Depression, the stagflation of the 1970s, and every other recession of the past century, the current crisis resulted from the creation of money and credit by the Federal Reserve, which led to unsustainable economic booms.

Rather than allowing the malinvestments and bad debts caused by its money creation to liquidate, the Fed continually tries to prop them up. It pumps more and more money into the system, piling debt on top of debt on top of debt. Yellen will continue along those lines, and she might even end up being Ben Bernanke on steroids.

To Yellen, the booms and bust of the business cycle are random, unforeseen events that take place just because. The possibility that the Fed itself could be responsible for the booms and busts of the business cycle would never enter her head. Nor would such thoughts cross the minds of the hundreds of economists employed by the Fed. They will continue to think the same way they have for decades, interpreting economic data and market performance through the same distorted Keynesian lens, and advocating for the same flawed policies over and over.

As a result, the American people will continue to suffer decreases in the purchasing power of the dollar and a diminished standard of living. The phony recovery we find ourselves in is only due to the Fed’s easy money policies. But the Fed cannot continue to purchase trillions of dollars of assets forever. Quantitative easing must end sometime, and at that point the economy will face the prospect of rising interest rates, mountains of bad debt and malinvested resources, and a Federal Reserve which holds several trillion dollars of worthless bonds.

The future of the US economy with Chairman Yellen at the helm is grim indeed, which provides all the more reason to end our system of central economic planning by getting rid of the Federal Reserve entirely. Ripping off the bandage may hurt some in the short run, but in the long term everyone will be better off. Anyway, most of this pain will be borne by the politicians, big banks, and other special interests who profit from the current system. Ending this current system of crony capitalism and moving to sound money and free markets is the only way to return to economic prosperity and a vibrant middle class.

Original HERE.

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The Kids Aren’t Alright

closed my ass

I saw a lot of pics this weekend.  The unwashed masses are not sitting as idly by as our owners would hope.  The Fuhrer increased resources at parks, zoos and monuments so as to cause pain and inconvenience by closing them is backfiring.  This may fizzle like the OWS movement but I can’t help but think that things are getting more and more tense and those tense moments are increasing in frequency.  Vets are storming the gates and knocking down the Barry-cades, people are going into the open-air parks regardless of what the drones and BS govt signs are telling them and congregations were formed around Dipsh!t Barry’s Pearly Fortress. 

FYI: Keep checking back in for more pics regarding this guv-thug nonsense as they become available.

fu buddy

He might be preachy about hope and change but he thinks he needs snipers on his roof while crowds form outside.  He is just trying to make sure a guillotine or gallow isn’t being erected in his honor.

barry cades 5
Looks like “freedom” is rolling in…

barry cades 6

shutdown parks

barry cades 2

barry cades 1

barry cades 3

snipers on WH

barry cades 7

fat riot cops
He sure looks like he eats his gvumint cheese

riot police to protect against ww2 vets vets visiting their memorial

it'sgood to be the king until its not

The parental Guvmint have been abusive and indignant, it seems the kids aren’t alright with it and we aren’t listening anymore.

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No Drop

responsibility

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Another Governmental Failure

No surprise here that it is failing, stopping people from putting what they want in their body is like expecting a politician to be moral.

war on drugs

End the war on (certain) drugs not just because it is failing but also because it is an immoral anti-freedom endeavor that feeds a truly criminal apparatus, the nation-state.

end the war on drugs

‘War’ on illegal drugs is failing: study

A police officer presents a bundle of cash sized with cocaine, heroin and cannabis on September 17, 2013 in Nice, France
A police officer presents a bundle of cash sized with cocaine, heroin and cannabis on September 17, 2013 in Nice, France (AFP Photo/Jean-Christophe Magnenet)
23 hours ago
Paris (AFP) – The global war on heroin, cocaine and cannabis is failing to stem supply, as prices of these drugs have tumbled while seizures of them have risen, according to a new study.Researchers analysed data from seven government-funded programmes that tracked the illegal drug market over more than a decade.Three of the programmes monitored international drugs trafficking; three focused on the United States; and one tracked the drugs business in Australia.The prices of heroin, cocaine and cannabis tumbled by 81 percent, 80 percent and 86 percent respectively between 1990 and 2007 in the United States when adjusted for inflation, the researchers found.

Over the same period, the average purity of these drugs rose by 60 percent, 11 percent and 161 percent respectively.

In 18 European countries, the street price of cocaine and heroin fell by 51 and 74 percent between 2000 and 2009.

Neither the purity of drugs seized in Europe nor the price of cannabis on the continent was given in the study.

In Australia, meanwhile, the inflation-adjusted price of cocaine fell by 14 percent between 2000 and 2010, and that of heroin and cannabis by 49 percent.

“During this time, seizures of these drugs in major domestic markets generally increased,” said the study’s authors, led by Evan Wood of the Urban Health Research Initiative in Vancouver, Canada.

“With few exceptions… illegal drug prices have generally decreased while drug purity has generally increased since 1990,” they added.

The global supply of illicit drugs had likely not been reduced in the last two decades, the study said, and the availability of cannabis and opiates like heroin may even have increased.

“These findings suggest that expanding efforts at controlling the global illegal drug market though law enforcement are failing,” said the paper published in the open-access journal BMJ Open.

The findings coincide with debate in several countries about whether to loosen laws on certain drugs.

Uruguay in August took a step towards becoming the world’s first nation to produce and distribute marijuana after its lower house of parliament approved a bill putting control of the drug in government hands.

In a 2011 report, the UN Office on Drugs and Crime (UNODC) estimated the global illegal drug trade to be worth at least $350 billion (259 billion euros) annually.

Original HERE.

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No One Should Care What He Thinks

mc-insane

McCain declares “We can’t win.”  Read about it HERE.  What courage and fortitutude. 

From the article “I only know what pollsters say,” he (McCain) said.  Big surprise there, tell us all something we don’t know.

I will reiterate my position once again, America would be better off if that he would have bit it in that POW camp.  He is a grandiose ball-less, spineless turd nugget in a sea of ball-less, spineless turd nuggets.

Chaffetz gives some sound advise, we shouldn’t care what this scumbag thinks.

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