SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (109764)3/20/2010 12:33:50 PM
From: riversides3 Recommendations  Read Replies (1) | Respond to of 116555
 
Right-Wing Nervous Breakdown
Posted by Joe Klein

swampland.blogs.time.com

This is becoming a rather difficult week for the wingnuts. Glenn Greenwald details the insanity prevailing among the neocons on the question of Israeli settlements. But the froth-at-the-mouth-rabidity seems to be increasing across the board...and the reason for this is the probable passage of the health care reform legislation on Sunday in the House of Representatives.

We've been so caught up in the day-to-day shenanigans, on both sides, that the truly historic nature of the moment has been missed. A great American injustice is about to be addressed. More than 32 million people, who lack health insurance now and live in constant fear of chronic disease will be helped--not immediately, but gradually, as the provisions of the bill kick in. Countless millions of others will never have to worry about losing their insurance coverage because of a pre-existing condition or because chronic illness has caused them to exceed their lifetime "cap." A system of exchanges will allow individuals and small business seeking health insurance to enter the market with the same power as major corporations. This is a big deal.

And a big problem for Republicans who, yet again, have chosen not to participate in the extension of a basic human right to all Americans--the right to health care--a right that is common throughout the rest of the civilized world. There is talk of the GOP starting a "Repeal Health Care" campaign as soon as the bill is passed, but that's not a likely scenario. Indeed, Democrats are salivating over the notion of such a campaign. They'll be able to run for Congress next fall, saying: "We made sure no one can ever take away your health insurance...and the Republicans want to repeal that right."

To be sure, this bill is not perfect...and, in some ways, quite awful. But it is the first step in what will undoubtedly be a continuing process to rationalize the American health care system. Medical malparactice reform will have to be addressed sooner or later. The bill unnecessarily expands Medicaid, as Karen has reported extensively, a program that really should be abolished--Medicaid recipients should receive their health care through the exchanges (as should senior citizens for that matter, but that may come in time, too). Indeed, over time, I'd hope that we can move to a system that relieves employers of the financial burden of providing health insurance...and also to a system that pays doctors salaries, rather than a fee for every service they perform.

But, in political terms--and despite the smokescreen wafted by the Republican opposition--passage of this bill will be a triumph for Barack Obama and the Democratic Party. If it passes. And that looming triumph is at the heart of what's driving Republicans crazy this week.



To: mishedlo who wrote (109764)3/20/2010 12:37:52 PM
From: riversides  Respond to of 116555
 
Health reform and the specter of Alf Landon
By Dana Milbank

washingtonpost.com

"This is the largest tax bill in history," the Republican leader fumed. The reform "is unjust, unworkable, stupidly drafted and wastefully financed."

And that wasn't all. This "cruel hoax," he said, this "folly" of "bungling and waste," compared poorly to the "much less expensive" and "practical measures" favored by the Republicans.

"We must repeal," the GOP leader argued. "The Republican Party is pledged to do this."

That was Republican presidential nominee Alf Landon in a September 1936 campaign speech. He based his bid for the White House on repealing Social Security.

Bad call, Alf. Republicans lost that presidential election in a landslide. By the time they finally regained the White House -- 16 years later -- their nominee, Dwight Eisenhower, had abandoned the party's repeal platform.

Circumstances are different now, as Republicans, assuming the Democrats' health legislation clears the House this weekend, prepare to campaign this year and in 2012 on the repeal of health-care reform. But the ghost of Landon should spook them as they do so: The health-care legislation, if passed, won't be repealed, and the politics of repeal may not work out as well as Republicans expect. You wouldn't think that based on the headlong rush to demand a repeal even before the health bill becomes law.

More than 20 Republican Senate hopefuls have tied their candidacies to repeal. Mark Kirk of Illinois promises to "lead the effort," while Sen. John Cornyn (Texas), head of the Senate GOP campaign effort, calls 2010 a referendum on repeal. Sen. Lamar Alexander (Tenn.), the No. 3 Senate GOP leader, sees "an instant spontaneous campaign to repeal it all across the country."

In the House, Rep. Paul Ryan (R-Wis.) vows to make the repeal of "H.R.1 and S.1" the No. 1 goal if Republicans take over Congress. The National Review has published a treatise called "The Case for Repeal," and the Club for Growth is already a couple of months into its "Repeal It" campaign.

Other opponents are hoping that Chief Justice John Roberts's Supreme Court would do the repeal for them. Sen. John McCain (R-Ariz.), among others, foresees "a real constitutional challenge." The Republican National Committee issued a news release claiming that Nancy Pelosi herself once put her name on a legal brief pronouncing unconstitutional the very deem-and-pass procedure House Democrats plan to employ to enact health-care reform. (The RNC neglected to mention that the courts rejected Pelosi's argument, citing a 108-year-old Supreme Court precedent.)

Even the conservative majority on the Supreme Court would have to be wary of suddenly rejecting a legislative process that has been tolerated for years -- all for the purpose of taking health care away from 30 million Americans. That would make Bush v. Gore look relatively innocent.

Beyond that, it's doubtful that opposition to the measure will ever again be as high as it is now. Fox News polling found that 45 percent of voters would favor repeal, while 47 percent say leave the reforms alone or add to them. With the big insurance subsidies years away, the initial changes stemming from the legislation would be relatively modest -- and that should come as a surprise to an American public told by Republican foes of the legislation to expect a socialist takeover of the United States.

What Americans would see -- or at least what Democratic ad makers say they'd put on Americans' TV screens -- are the benefits that would take effect this year: tax credits that encourage small businesses to offer health coverage; a $250 rebate to Medicare beneficiaries who hit the prescription-drug "donut hole" (the checks would start going out June 15); allowing young people up to age 26 to stay on their parents' health policies; and, above all, a ban on refusing coverage to children with preexisting conditions.

There will certainly be ads this fall saying Republican Congressman X voted against tax breaks for small business and voted to deny Junior his life-saving treatments. These modest changes to the health system probably wouldn't be widespread and noticeable enough to limit Democratic losses at a time of 10 percent unemployment. But, at the very least, voters would see nothing to justify the Republicans' apocalyptic predictions.

Yet repeal still holds appeal, even to the likes of Mitt Romney, who as governor of Massachusetts created what the New Republic's Jonathan Chait calls "the closest thing to Obamacare in the United States." A poll by the Boston Globe and Harvard last fall found that only one in 10 Massachusetts residents favors a repeal of that program.

"The American people will not stand for this bill becoming law," Romney said this week. "The American people will be with us and they will throw those guys out."

That's what Alf Landon thought, too.



To: mishedlo who wrote (109764)3/20/2010 12:43:12 PM
From: maxncompany2 Recommendations  Respond to of 116555
 
I expect it will make it to the Supreme Court. I further expect them to issue a ruling favoring the FED. They'll come up with whatever reasoning they like. As seen recently with the pretense of "free speech" to further entrench the buying of Washington.



To: mishedlo who wrote (109764)3/20/2010 12:56:18 PM
From: Sr K  Read Replies (1) | Respond to of 116555
 
You wrote:

Bernanke's actions prove what a lair he is.



To: mishedlo who wrote (109764)3/20/2010 7:13:30 PM
From: NOW  Respond to of 116555
 
wont go anywhere



To: mishedlo who wrote (109764)3/20/2010 10:39:06 PM
From: roguedolphin  Respond to of 116555
 
ObamaCare: The Slaughter House Three

by Dr. David Janda
Mar 20th 2010 at 9:29 am

In Kurt Vonnegut’s 1969 novel, Slaughterhouse Five, the main character, Billy Pilgrim, is an American POW who hides in a meat cellar as Dresden is being fire bombed.

In 2010, the Slaughterhouse Three, Obama, Pelosi and Reid, shove every American in a meat cellar as they fire bomb America with their rationing-based health care plan. ObamaCare is a plan designed to strip Freedom and Liberty from every American.

Obama, Pelosi and Reid now have decided to avoid an up/down House vote on the Senate Bill and to enforce the “Slaughter House Rule”. In other words, when you do not have the votes, just change the rules, pass the changes to the bill and pretend you passed the “real” bill. Previously, the public was outraged that members of Congress did not read the bill prior to voting. This is even worse. With this latest charade, Obama, Pelosi and Reid are forcing House members to pass the bill without voting on the bill. …So much for a democratic republic and The Constitution.

The latest version of ObamaCare is troubling on many fronts. ObamaCare takes control of every American’s health care life. This plan would not improve the current system, and is fatally flawed because it:

* Rations and denies access to healthcare. Denying access to healthcare is the most inhumane and unethical means of cutting costs;
* Costs $1 TRILLION ( $100 Billion more than The Senate Bill) ;
* Creates over 110 Federal Agencies, commissions and boards;
* Creates The Health Insurance Rate Authority….a direct violation of States’ Rights;
* Establishes a “ Comprehensive Database” on Americans;

* Establishes Individual and Employer Mandates (Mr. Obama’s own Chair of Council of Economic Advisors has stated that this alone would cost 5.5 Million jobs….more unemployment.);
* Institutes $748 Billion in new taxes;
* Cuts Medicare by $500 Billion, over a period when 30% MORE Americans will be added to Medicare rolls, (You do the math…);
* Imposes $136 Billion in tax hikes on working families making LESS THAN $250,000 (Americans for Tax Reform Analysis);
* Ends Medicare Advantage Program for Seniors and forces them to a more expensive plan with less benefits;
* Applies Medicare Tax to unearned income;
* Increases Medicare Payroll Tax from 2.95 to 3.8%; and
* Increases unfunded mandates on every State.
* Increases Capital Gains tax rate as of 2014 to 23.8%
* Creates 16,000 jobs for the IRS to implement penalties for those not buying insurance

The Slaughterhouse Three, Obama, Pelosi and Reid, have authored the legislation that will make every American a POW, strip them of their Freedoms and Liberty and shove them in a meat cellar for cold storage. So how is that Hope and Change working for you now?

biggovernment.com