Only Obama Believes the Debate Is Over

Like George Bush before him, Barack Obama unfurled a “Mission Accomplished!” banner last week that can only come back to haunt him. To assert, as Obama did, that the Obamacare debate is settled is to flout hard truths that are negatively impacting the lives of virtually every American each and every day, hitting them literally where they live. Although the overweening arrogance of the man has undoubtedly blinded him to the risks of such hubris, Democrats running for their political lives in November can smell the impending disaster like a dead skunk a mile down the road. Not that Obamacare isn’t a disaster already  – only that the looming catastrophe will make the ‘Affordable’ Care Act snafus to date seem mild in comparison.

Coming Soon to Your Home

For  starters, although millions of Americans who had individual insurance have lost their coverage, that figure will grow to tens of millions once Obamacare has laid waste not just to health care plans offered by the largest employers, but to the insurers themselves.  More immediately,  however, and despite the almost weekly watering down of Obamacare mandates, an unprecedented spiral in health insurance premiums has begun that can only accelerate between now and the fall elections.  In this regard, there was bad news for Democrats last week when a quarterly survey of 148 health brokers was released by Morgan Stanley. Focusing on policy renewals, it showed the biggest surge in rates for individuals and small groups since the survey began three years ago.  Rate hikes over the three-month period amounted to about 12 percent, but some states are experiencing surges 10 to 50 times that.  They are hitting New Hampshire hardest of all, since all but a handful of health care providers exited the state after its Democratic governor became the first to embrace the Obamacare model wholeheartedly.

In covering the story, the press has shown itself to be almost as stupid and lazy as Obama is arrogant and dishonest. They still view the Obamacare fiasco as a political issue with a political solution. It is not. The mainstream media undoubtedly believe that with a little debate here, a policy tweak there and some more give-and-take on Capitol Hill, the Affordable Care Act can be rejiggered into usability.  That’s like trying to reform the banking system by adding a thousand pages of new regulations.  And just as nothing short of abolishing the Federal Reserve will restore sanity and moderation to the financial system, only scrapping Obamacare in toto and completely privatizing health care will allow the system to regenerate itself. Meanwhile, Obama and the mainstream media are dead wrong to assume that news of seven million people enrolling in Obamacare will squelch the debate. In the first place, and as everyone other than MSNBC viewers knows, that number is a fraud. More important, especially in relation to the upcoming election, is that Obamacare’s staggering costs are being felt each day by every working American. The pain cuts across political lines, and that is why the colossal problems brought on by Obamacare are more than merely “political.”

Republicans are skittish about running solely on a promise to repeal the Affordable Care Act. It’s my guess that by November, that may be the only promise voters want to hear.

  • mava April 21, 2014, 6:37 am

    VLAD,

    Well, thank you. Somehow you have it exactly right.

    Back when I was younger, and believed that we have capitalism here in America, I used to explain the difference between “the human system (capitalism)” and “the inhuman system (Socialism, communism, fascism)” to my friends this exact way.

    Among humans (Americans), I feel free, because they do let me be a commie, if this is what I wanted. I am free to set up a commune (actually, a family is already a commune), and share the profits and the losses together. Yet, I don’t have to. I can be an individual.

    Among non-humans (Russians), I am not allowed to be an individual if I so prefer. They are hell-bent on forcing others into their delusions. Communism cannot allow anything better than itself, because that would become an infectious example for all.

    Why would it necessarily become such an example?
    Why communism cannot ever allow anything?

    The answer to both questions is the same: because the communism is the worst of all possible systems, anything is better than communism.

    He who forces others, testifies by his own action to his own weakness.

    • VILE VLAD April 22, 2014, 7:39 am

      mav,
      never ceases to amaze me that, despite your age and wisdom, just how innocent you are.
      for you have no idea at all, that you are already living inside forceful communism, in ussa.

  • VILE VLAD April 21, 2014, 6:20 am

    “we are ready to take back our country” rich says.
    rich, either you are a much bigger liar that obama,
    or you are the most naive amerikan, that ever lived.

    because trust me. amerika is gone. 100%. no chance of comeback. all over. fat lady sang.
    only question is how long. month. year. 10 years. whatever. amerika is gone. wooush.
    and only choice left is, to get out of dodge, or stay there, to the end. and if so, die indentured.
    but we all die. and maybe dying for what you believe in, no matter what, is best cause of all.

  • Rich April 20, 2014, 5:10 pm

    Great subject Rick.

    Americans will not regain control of our country until we get rid of Obamacare:

    http://legalinsurrection.com/2013/09/still-swallowing-chief-justice-roberts-bitter-obamacare-pill/

    BLM Bundy Ranch indicated we are ready to take back our country in November elections by electing Independents.

    Re the market, inclined to agree with your lofty Dow target.

    BRK.B and RPMGF have gone up nicely and may continue to do so.

    Regards to all.

  • redwilldanaher April 19, 2014, 6:23 pm

    Where is your response El Garo? What happened to the clawbacks? The prosecutions? What of Obamao’s hundreds of lies exposed? He attacked puppet Bush and has superseded puppet Bush on the fronts of which he attacked him. Why not rail against these?

    Put together one of your long posts and focus on those topics otherwise you remain a one note buffoon in search of even just the slightest hint of credibility…

    You predicted many corrections that never came to pass. Yet you accuse others of predicting crashes that they never in fact predicted.

    Own up to it.

    I know you won’t because you like most fear the truth more so than anything else…

    • gary leibowitz April 20, 2014, 5:12 am

      Every single graph , chart, data point will absolutely show that before Obama was even a political figure this countries path has not deviated.

      I suppose the mortgage debacle was his baby, his big conspiracy to get himself elected. yeah that sounds like a good premise.

      Look it up for yourself and stop this stupid conspiracy notion. We don’t need conspiracies for human nature to gravitate toward power and greed. The generational shift to destroy safeguards, allow corporations to dictate policy, and placate the masses with government subsidies happened a long time ago.

      Psst. It’s called capitalism. Haven’t yet figured a way to prevent these huge swings. No other system has proven better. The 1890’s, 1920’s, and on we go. We are now living on the cusp of another huge reversal. No conspiracy, just a long buildup to get us here. Guess what? It will happen again. Guess what? You will not care because its not in your lifetime, just as the prior ones weren’t. But I am sure you will keep putting a face to the problem. Makes you feel better. The lynching of the black man in NYC, during the Civil War, once again comes to mind. So if you need to feel better, blame away.

      In the end though I can guarantee we will follow the long path of progress, no matter how many setbacks. Not one single event in our past has prevented human progress. Not massive wars, genocide, greed, natural disasters, or even Obama. Whine away since we now have that luxury. In prior generations we were too busy trying to survive and finish our daily chores. Put some perspective on it! Average life span is what!!!!!

      • Rick Ackerman April 20, 2014, 7:46 pm

        You have written exactly 3901 words on my 543-word essay, Gary. So sad. Don’t you have better things to do?

  • Redwilldanaher April 19, 2014, 3:46 am
    • gary leibowitz April 20, 2014, 4:50 am

      There you go again using extreme biased post to get a point across. zero hedge? do ya think they have an agenda?

      More importantly you just haven’t listened to my words all these years.

      Lets recap my position and tell me what I do and don’t agree with:
      1 – Since the early 80’s middle class was taking the brunt of the losses. Just when credit cards became popular.
      2 – Corp. profits are exactly because of low wages. Low wages are exactly why inflation hasn’t bitten our ass. “Sweet Spot” for earnings. Get it!

      Your charts mean nothing. Not a new event. To see a more dramatic slide after the mortgage crash is expected. That’s why we need social subsidies for the struggling classes. But there you will never agree. You see corp. profits on backs of workers, top 5 percent individuals gaining total control of this country, yet you still insist its the lazy worker that’s to blame. really?

  • Andy Gutterman April 18, 2014, 9:53 pm

    So my brother got his premium notice last week. He gets his insurance through his employer. The insurance company added in dental coverage for his stepdaughter.

    Nice! The cost?

    Premium decreased by $1.07/mo

    You read that right. A decrease.

    So just how did Obamacare cost him a huge premium increase?

    Andy

    &&&&&&

    This story of yours is so surreal that Jay Carney himself couldn’t have invented it.
    RA

  • gary leibowitz April 18, 2014, 5:51 pm

    (Most) bloggers can’t understand or empathize with the notion that good hard working families can fall into a black hole, no fault of their own. I suppose the motivational speaking points here are a take from Tony Robbins. Sorry but the notion that charities should take up the slack when this nation is totally controlled by the top 5 percent says something about each of you. yes
    “each of you”. I can imagine how much the suffering would have been compounded had we kept the government hands off approach to social programs right after the 29 crash. that is exactly what you are suggesting. The millions that lost their jobs and money should take out a tape of Tony Robbins, and rely on the goodness of the church to sustain your physical and moral posture.

    According to every single bloggers response to my argument we can neatly categorize the problem and solution. 1 – Lazy dependence should be weaned off this system. 2- Mental fortitude 3- scammers that leach off this system should be punished 4- every person can better themselves without the help of government 5- its not the job of this government to force hard working individuals to pay into charities.

    Got it! if anyone wants to add to this list feel free. Mind boggling that not one person that opposes this system has ever needed government assistance? Not one person has ever fallen from grace? Not one person sees any scenario that could justify these social programs. In the Mississippi example where a family of 3 earning 17,000, you dismiss the role of government to help ease that struggle. You assume each and every person has self empowerment to better themselves. Each are given the same mental and social environment conducive to self help. Most importantly your own plight could never result in a dependence for government help.

    I assume any church goers dismiss the Franciscan notion of following in Jesus’s footsteps. In feeding the less fortunate, in compassion and empathy. I get it. It’s up to each of us to decide for ourselves whether to be generous or not. Darwinian doctrine should trump all notions of government intervention. Survival and propagation of a superior genetic trait.

    I go back to my old repetitive theme of meanness. You are the people that have a life where thru hard work or inheritance have a life style that requires no government intervention, or so you believe. You can see no reason to force society to share the burden for all. You can’t imagine ever needing or requesting help of any kind. You would rather die than receive unfair government assistance. Most people think they are in the middle-class, think they don’t receive government assistance today, and believe self reliance and hard work is all that is needed. Self examine that please. Every aspect of our life relies on government assistance. School programs and free lunches. Tax breaks for making under a certain amount. Tax breaks for having a large family. (Now why in the world would a person that has no children subsidize a family that likes to screw around a lot). Start up businesses get tax breaks. Social Security, a forced savings for retirement. (since most don’t save on their own we would today have quadruple the number of poverty stricken individuals without it). Medicare for elderly. (without it a majority of elderly would be financially destitute and rely on family members to supplement their life). And dozens of other hand-outs that I can’t recall off the top of my head. Are you really self-sufficient without the intrusive nature of governments?

    • VILE VLAD April 19, 2014, 4:13 am

      gary, there is something you don’t understand.
      and now I will attempt to get you to understand.
      so you hush forever herein, socialist dissertation.

      gary, let’s suppose that everything you say is true and correct. let’s suppose that.
      like we were ants in an antfarm. and we all each had a duty, to provide for the whole.

      but, let me add thorn to your argument, even supposing 99% of human-ants agreed.

      what if 1% of human-ants, did not agree. what if, these stubborn 1% said, no way,
      we will each do it our own way, alone, no matter what, and screw you 99% ants.

      so, supposing you were the leader of this ant-farm, what would you do?
      would you set that 1% of ants free, to let each of them go their own way?
      or, would you force them each, to pay an exit tax? or, would you kill each one,
      to set an example, so the other 99% that follow your ‘benign’ edicts, to obey?

      because you don’t seem to get, that whether you are right or wrong, even 100% right,
      let’s say you made every market call perfect, and your god obama is a saint that never lies,
      blah blah blah,

      let’s just say, that there is a certain kind of human, that will not agree, no matter what,
      because each loves going at it alone, alone, alone (did I say that enough) no matter what.

      so, what do you do with that 1%? do you kill them? or torture them, until they comply?

      but I’ll throw you a curveball here. so what if it was not 1%, but it was 50% of the ants?
      (too many to kill all, or torture all, so what do you do? try to brainwash them daily?)

      case closed.

      as such, I dub you the knight of the lies, the forever obsfucator, of rikki-tikk’s picks.
      ergo, you are wasting your time here, for no one here gives a damn, about any commie!
      haha. but drone droooone droooone on… maybe I should have used a bee-hive analogy.

  • mava April 18, 2014, 6:14 am

    “Yes I am just a naïve individual that believes we should do unto others as we would like it done onto us.”

    Gary. Are you saying you would want me to forcibly sign you up into my own delusion? Cause, this is exactly what you doing to me.

    • gary leibowitz April 18, 2014, 6:40 am

      Protect the weak. Hope you never fall into a hole you can’t get out of. Keep assuming you would never desperately need these social programs. Odds favor you will sometime in your lifetime.

      Yes force us to be civil. You can of course go to the red states in the south where you can enjoy all the freedoms you wish for.

  • mava April 18, 2014, 6:11 am

    “8 million signed up. 35 percent of people under the age of 35. It is workable. In fact it is doing better than anyone expected.”

    Yeah? Did they have any other chance, since this is a “mandate”?

    You are making me roll on the floor, Gary. You know, my dad was a communist, and so was my mom. And every one else I knew. They all signed up. Know why? Cause they’d rot in a work camp otherwise!

    Was it “workable”?

    I have already signed up for Obama Care! Why? What would you have me do? Don’t sign up yet pay for all the lazy bums who did through a penalty?

    I got a 100% turnout elections for you in some countries. They all do it!

  • gary leibowitz April 18, 2014, 5:05 am

    8 million signed up. 35 percent of people under the age of 35. It is workable. In fact it is doing better than anyone expected.

    A family of 3 in California making 17,000 will get free health care, while that same family will get zero in Mississippi. Now you can equate that to handouts, and creating a dependency, but the facts just keep getting in the way of common sense. To declare all families as lazy or morally inadequate because they happen to need this law is wrong.

    Now we have states that are opting out for no reason other than spite and to keep a united political stand. To deny your own constituents free health care on those grounds is shameful. All political leaders have a duty to its citizens to get as much benefits as they can. These same states are the worse abusers of receiving pork projects as reward for voting on specific bills.

    If my math is correct 35 percent of the population in this health care pool is more than enough to offset any assumed cost overruns. The young subsidizing the old. What a novel idea.

    You pick a fight, watch before your eyes results that contradict your assumptions, yet you keep pretending some moral victory. Has anyone noticed that all your fights are against the benefits for the poor and middle-class? Can’t afford it? But the trillions lost each and every year on corporate loopholes are dismissed without a thought. The billionaires that pay less than an average blue collar worker pays is just plain wrong. Not One Single Article In My Memory went after the top 5 percent and large corporations. I would love to hear back on this. Perhaps I am too harsh. Perhaps I missed something on these absurdly skewed up inequalities.

    My prediction is that Republicans refusing to back off on this issue during elections, will get ads attacking their failed promise to help their constituents. Imagine running for office on a promise that you stand on principle even if it means no medical coverage for families. Hard working families at that. But perhaps I misread the southern mentality. Perhaps the thousands of unregulated safety issues in Texas will never find a person to victimize. The fertilizer plant that recently blew up had zero safety rules and regulations. Absolutely nothing was done to change that. There are some 10,000 schools within 1 mile of such a plant. I guess we wait for another explosion that actually shows children’s deaths before anything is done. The same goes for fracking. The byproduct of fracking is radioactive material. Most mid-west and southern states have no rules or requirement on how to dispose of that material.

    I am so tied of this group whaling about lost freedoms and unnecessary restrictions, when in actuality TODAY we live in perhaps the most lax times in the last 50 years. Governors of states are flaunting laws on the books and pretending there are ambiguous scientific data to support such rules. Shameful. I think its a crime to reap rewards today knowing the irreparable harm it does to our future generations. Yes this last part is off topic. Yes I do get carried away. Yes I am just a naïve individual that believes we should do unto others as we would like it done onto us. A very outdated notion. Not of the times. An old testament individual that likes to quote the new, but even that is outdated.

    Lets have more articles on the massive abuse of food stamps, Medicaid, Medicare, social security, unions, without any real understanding of the facts. Dehumanize a situation to make it an easy target. I am not even talking about developing empathy. Just get the facts straight without bias before you attack. Use real unbiased sources that have credentials that match the subject and sift thru them for some consensus. To have a fixated position, and sift thru the garbage out there that has in print what you seek, is not real reporting.

    • Redwilldanaher April 18, 2014, 5:15 am

      You’re a slave to Amerika’s Pravda, NBC, and you’re lecturing us?

      Is Sheryl Attkisson delusional too?

      Even Charles Barkley has figured it out. 50 years of Democrat voting and African Amerikans are worse off than ever.

      How do you not see the rethugs and democrips as opposing sides of 1 corrupt coin?

  • NYET VLAD April 18, 2014, 3:27 am

    ha. just when I thought you had no brains, you borrowed my idea, but no matter–

    “Ukraine Shmookraine, Says Wall Street
    April 17, 2014 2:49 am GMT ·
    Let me repeat this: The crisis in Ukraine isn’t even a blip on Wall Street’s radar. What does Morgan Stanley’s trading desk care if Putin annexes all of Ukraine? The crisis is just an annoyance, as far as U.S. hedge funds and portfolio managers are concerned, and most Americans — i.e., Jerry Springer idiots who can’t even name America’s first three Presidents or locate Tennessee on a map — simply don’t care. Even if there were something the U.S. or Europe could do about it, does anyone actually think Obama — or Merkel — would try? For his part, Putin probably thinks, and not without good reason, that he could annex Germany at this point without a shot being fired. Gold bugs seem to be hoping that civil war in Ukraine will drive bullion quotes higher. Get real! The last time the sociopaths, paper-shufflers and bunko men of the investment world even pretended to care about geopolitical news was in 1968, when Russia invaded Czechoslovakia. These days, Wall Street is bound to shrug off any crisis short of nuclear war, then return to its sordid business-as-usual as soon as the story drops off the front page.”

    $$$$$$$$$$$$$$$$

    I LOVED THIS LINE, MADE ME ROAR WITH LAUGHTER—
    “Putin probably thinks, and not without good reason, that he could annex Germany at this point”
    HAHAHA. STILL ROAR WITH LAUGHTER ABOUT IT. FOR YOU ARE DAMN RIGHT.

    $$$$$$$$$$$$$$$

    chuckwagon dude, if you ask me real nice, I will provide you with evidence, putin ain’t done,
    and my (and pentagon’s) ruskie/chink consortium deal, is very real, and soon forthcoming.

    • Chuck April 18, 2014, 8:00 pm

      pretty please with sugar on it!

      I fear you are 100% correct.

      • VILE VLAD April 19, 2014, 4:30 am

        chuck, I’ll provide putin post, but next week, for host only wants obamascare stuff now.
        and host modderfah has got me on a shortleash, practically erases near all I write;
        but putin is affecting him, and my words about him too, despite the wall-street ignore.

        so, I think ackerman will write about putin’s serious-arse kicking of europe, next week.
        then, I will be unleashed. (as long as I don’t insult anybody, hard for me to do. ha.)

        &&&&&&

        Putin, not so much. I was actually thinking about writing about Coca-Cola’s decline. RA

      • VILE VLAD April 20, 2014, 4:41 am

        coca-cola’s decline, is just fine.
        why?
        because tell me, ackermain, what is more amerikain, than sound of a ‘coke’ opening?

        thus, you serve my purpose, in study of final decline, of the amerikain, frame of mind.
        worldwide.
        for whole world is reeeeaally tired of the ussa, having all the subliminal power say.
        and though ruskies and chinks are worse scoundrels, at least they say it, to your face.

        yet, what about the worldwide addiction, to amerikain consumer products?
        (and not because they are better, but because they represent that ‘magical’ ussa ‘life’?

        hey, coca-cola worldwide, believe it or not, sells for double or triple price, than in ussa.
        why? locals feel they buy a piece of ‘amerikain life’, when they drink it. really weird.
        (myself, I buy local cola ‘coke’ knock-offs, which are near a triple less expensive).

        fyi, I once read about 20 years ago, that producing a 2-liter bottle of ‘coke,’ cost a penny.
        and bottling of it was more expensive, a few more pennies. so, their biggest expense,
        was their perennial worldwide ubiquitous advertising–hence, brainwashing since birth.

        and this is how the entire world works–brainwashing since birth. ergo, perfect analogy.

        (also, saw test of a ‘coke’ poured daily over a piece of metal. like battery-acid, after 1 year).

        (also read decades ago, that the original coca-cola, truly had a sprinkle of cocaine in it;
        but for medicinal purposes, of course, and to cure nasty turn-of-the-century headaches.
        and it’s radio ad’s hired-host back then, was a dude named freud, as he was hooked on it).

  • ter April 16, 2014, 10:34 pm

    Dale–Admirable summary of lies our president told us. As for me, I LIKE Rick.

  • paul April 16, 2014, 8:59 pm

    “I mean getting the government out of health care completely. The reason the cost of medicine is so high in the first place is that government made it a tax-free benefit to employees. ”

    Excellent point RA, often forgotten in the gargantuan mess we now call our government and an excellent essay on healthcare!
    The vicious circle of legally stealing AKA tax and spend, starts with voting ones self benefits.

  • mava April 16, 2014, 4:34 pm

    Been thinking about it. No matter which way I think about it, in the end, I disagree with you, RA.

    The main goal of enacting Obama Care, to me, was obviously, to obtain yet another tax mechanism, and had absolutely nothing to do with the stated intent of providing the healthcare.

    It is a ratchet, a lever that has been put in place, and now has been bolted in. It can be surely “fine tuned”. Meaning, that as its actual purpose is, it can be used to apply a great pressure to those who have any wealth left. The lever can be employed. The ratchet can be worked to apply maximum pain. The Obama Care will be changed many times, to demand more and more from a working man in supposed favor of a lazy man. According to the main principle of socialism, the perpetuity principle, the stupidity and the greed of the poor can be welded together and turned into power. The more the government will steal from the rich using this system, the less the poor will actually receive, the more the poor will support further application of pressure to the rich.

    But the lever itself, the Obama Care, this pressure applying device, can never ever be removed, once bolted in. The debate over its presence is over. The debate about how much pain should be delivered to which group, by use of Obama Care, is only starting.

    &&&&&&

    This is not a tax like all others before it, Mava; rather, it is financial burden so colossal that it is crushing the life from the economy even before the full brunt of it kicks in. Moreover, it is not a ‘hidden’ tax, but one that smacks the broad middle class in the face each and every time we open the latest bad-news letter from a health insurer.

    Was raising taxes, rather than broadening the availability of healthcare, the true goal of Obamacare? I am slowly coming around to your point of view, although I don’t recall any op-ed writers, even George Will, guessing early on what — as you would argue — seems obvious now. But if you’re right, Obama and the Democrats probably didn’t foresee just how ‘redistributionist’ Obamacare would be. If so, succeeding beyond their wildest dreams is going to be their undoing. Obamacare, with its vast costs, must collapse simply because, to borrow Thatcher’s phrase, the government is about to run out of other people’s money. RA

    • Oregon April 16, 2014, 5:51 pm

      Mava, 2 of Gary’s quotes from above really got me thinking, but I didn’t have time to respond, and Vlad did such a good job. But you reminded me…
      Gary’s quotes… “The facts can’t be covered over. If the majority of people feel they want to repeal this program they will vote accordingly. Simple solution in a democratically elected government.”
      and…
      “Mississippi would be subsidized by the wealthier, healthier states. Why in the world wouldn’t they want to take advantage of it?”

      Gary reminded me of a quote I read a long time ago that I am sure you can identify with…

      “A Democracy cannot exist as a permanent form of Government. It can only exist until the voters discover they can vote themselves largess of the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from the public treasury with the result that Democracy always collapses over a loose fiscal policy…” Professor Alexander Fraser Tyler writing when the states were still colonies of Great Britain, explaining why democracies always fail.

      And in looking for that quote I found some others, some familiar some new to me…

      “You cannot bring about prosperity by discouraging thrift. You cannot strengthen the weak by weakening the strong. You cannot help the wage earner by pulling down the wage payer. You cannot further the brotherhood of man by encouraging class hatred. You cannot help the poor by destroying the rich. You cannot keep out of trouble by spending more than you earn. You cannot build character and courage by taking away man’s initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves.” Abraham Lincoln

      “The war against illegal plunder has been fought since the beginning of the world. But how is legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish this law without delay…If such a law is not abolished immediately, it will spread: multiply and develop into a system.” Frederic Bastiat, French Economist (1801-1850)

      “I predict future happiness for Americans if the can prevent the government from wasting the labors of the people under the pretense of taking care of them.” Thomas Jefferson

      Very powerful quotes, in some cases disparate from the perceived character of the author. And this is one of the aspects of society that I find fascinating; that intentions or objectives often have an opposite affect, sometimes purposefully, and it can be difficult for the average citizen to notice the difference before it is too late.

      • Gary leibowitz April 16, 2014, 11:37 pm

        And yet the disparity between economic class structure is the largest in recorded history. So, where is the theft? The so called handouts have been going on for 50 or more years. In all that time the rich have gained total control of this government. These are facts that can’t be denied. Yet everyone is complaining how the lazy good for nothing poor is milking the rich. What a joke. Give me that problem, please.

        Now imagine if there was no handouts these last. 50 years. Where would we be? Am I the only person that sees government spending as a means to help the poor and lower middle.class? Am I the only one that understands political expedience? Give away the country to the elite few and placate the masses with gov spending to supplement the loss. Now you want to keep the power structure and disband the handouts? How totally absurd. Getting rid of Robber Barron’s will absolutely solve the problems of the rest. You don’t attack the middle class support structure without getting rid of the stranglehold by the elite. What you are suggesting to solve our problem is to create a true caste system. Sorry but lynching blacks because the civil war allowed people of means to sit out the war is ludicrous.

      • mava April 17, 2014, 6:32 am

        Oregon,

        I loved reading Bastiat since I was a kid. I haven’t read anyone else who would have as much common sense. Although, I have now found Menken, (and OMG, is he truly brilliant or what?), who said of representative democracy: ” it is ….a system in which inferior men dominated their superiors…”.

        Gary,

        The poor need not any help.

        Some day you will be old enough to understand this. On that day, you will know that for every day that you were poor, this was not for the lack of money or connections, but for not thinking right.

        Helping poor is like helping the brain dead by giving them money.

        To allow them to keep their dignity? Yes, that is human, I can understand that, but that can be and has always been solved by the charity.

        What you think is going on, what you believe the government spending, or the wealth redistribution is solving, however, is that that we are helping the brain dead with money to become self-sufficient, which, obviously, is madness.

        You can’t buy rich, you must grow to understand it. How rich you are, depends on how clearly you think. Your poverty is not reflecting how much money you have in the bank, but rather it is vividly shows the fact that you think so poorly as not being able to obtain what you need without a significant booster money. Besides primitive workaholics, sport and media stars and inheritants (which are not true rich, but only try-hards), most of the time, one develops too slow to “get it” during his own lifetime.

        With this said, you’d make much, much bigger dent if you instead spend time helping the poorly thinking people by showing them how to think better.

      • Jason S April 17, 2014, 6:52 pm

        Gary, you are right that the wealth disparity is large but John Mauldin did a great job proving that income mobility is the same as it always has been.

        I don’t believe that the poor are using government to sock it to the rich. But what I (and I venture many on this blog) don’t like is that the politicians are fostering more and more dependent people because they are a means to their end. Those dependent on government largess are easy to manipulate and control to the end that those in political power benefit at their expense. Since large business has bought the political structure (crony capitalism) and the dependent are growing to such large numbers, those of us who don’t fall into those two classes fear for our future because the writing is on the wall that we (including our progeny) will fall into the dependent class.

        What I don’t like about your convictions is that you espouse the Government’s quest to foster and grow the dependent class. You don’t see it as malign but somehow are clouded to think that they are doing what they do because they are caring and empathetic. Please be aware that if you were on fire, the government in all its forms, would not pee on you to put it out unless it benefitted them in some way.

      • Gary leibowitz April 17, 2014, 9:22 pm

        Jason, you call it dependence while I call it forced reliance. When you lower the burden of fair contribution to the government the choices are very limited. You either expand on a one sided elitest power and control, or you tap into the unlimited spending power of government to help readjust the imbalance. Do the math. Where would we be today if governments stopped the spending spree on social subsidies?

        If the wealthy just gave their fair share and governments stopped the disproportional favoritism we would not need these subsidies.

        Getting angry at the users of these subsidies is unfair. Take away the elites money structure with one of fairness is all I am after. No attack on the rich. I attack the greed and political control they gained. A fair capitals system cab result in steady economic growth for all without having governments go broke. Has to start at the top where the disproportion is.

      • Oregon April 18, 2014, 3:30 am

        Gary, we can easily solve this debate. I have mentioned this in the past, but you probably disregarded it… Next week, on your lunch break, hit the street and find 3 homeless men and invite them to live with you. Let them live with you rent free, pay for their meals, buy them new clothes and offer to help them find gainful employment, or pay for their college education. I beg you to perform this little experiment and report back.

      • mava April 18, 2014, 6:05 am

        LoL Oregon.
        But he won’t do it. He’ll “do his part” though.
        Meaning: He’d dive in his delusion head first, only after violently forcing everyone else into it, just in case it’s fake.

        See, the fact that you or I think differently, doesn’t matter. He knows what’s fair. My “fair” is not a true fair. How does he know? Simple. More people are on his side. If it comes to it, we will be forced to do what they want. That’s “fairness”. If we do the same to them, though, that would be “unfair”.

        Head he wins, tails you lose.

      • Oregon April 18, 2014, 7:39 pm

        Mava,
        Your “poor need not any help” discourse is as good as anything I have ever read. Thank you for that.

        This argument over redistribution is ridiculous because it all depends on which side one is on, where the line is drawn, and who is drawing the line. The federal poverty threshold is $48,000 for a family of 4, I think; so million and billionaires should give up, what? How much Gary? Should they give up half of their assets, or more, to help those making less than $48,000?

        But what about a guy who is homeless and has $5.00 in assets? To him, you Gary, are a very rich man. So this is where I invite you to practice what you preach; give half of your wealth to those that have nothing. You have done very well, and he has not. It is only fair.

    • Chuck April 18, 2014, 5:02 am

      who was it who said that if you were to evenly distribute every dollar equally amongst the masses, the former rich would get rich again and the former poor….poor. It is the knowledge of how to take care of oneself that is missing.

  • mava April 16, 2014, 1:26 am

    And “we can’t afford” would be a tongue in cheek truth.

  • mava April 16, 2014, 1:25 am

    Because it is all a lot of fraud, but Obama would say that fraud or not, the system is working to help the people. Should it ever get examined, it would be so vividly exposed, that it would necessarily be closed. He would say that closing it without having an equally fraudulent replacement in place is not a choice that we can afford to make.

  • Jason S April 15, 2014, 11:00 pm

    Here is a little taste of the healthcare problem, even under Obama Care. My daughter has a vagal nerve stimulator (think pace maker for the brain to help with seizures) and it needed to have the battery replaced. The cost of the battery was $45,000. Why? Because they had to bring in a whole new device and unseal it to have on stand-by should the device need to be replaced in its entirety. Lots of waste out there. And I still remember Obama saying that he would not allow Medicare fraud to be dealt with unless Obama Care was passed. (How did he get a pass regarding that blackmail?) I wonder how that fraud investigation and elimination is going?

    What a joke!

  • Dale April 15, 2014, 8:47 am

    “To assert, as Obama did, that the Obamacare debate is settled is to flout hard truths…” -RA

    Yes, everytime Obama opens his mouth he is flouting the truth. Matt Walsh has an excellent post on his blog “Mr. Obama, maybe folks are mad because you’re a liar” that explains what is really happening with Obamacare. He also answers a question Obama posed in his Mission Accomplished speech, “Why are they so mad…?” He says “Maybe, Mr. Obama, we’re all just tired of the lies.”

    Excerpt (1): “I would label you pathological — as deception seems to drip like putrid sewage from every single word and phrase that escapes your lips — but I know your lies are calculated, not compulsive. You can’t be a pathological liar for the same reason that an effective diamond thief can’t be a kleptomaniac. Your lie, like his heist, requires careful planning and plotting. You’re very aware of the truth, which is what makes you so adept at avoiding it.”

    Excerpt (2): “…you used the IRS against your political opponents, and lied about it. And you spied on everyone’s phone records (after specifically condemning that sort of practice), and lied about it. And you sent your Justice Department after journalists and whistleblowers, and lied about it. And you funneled weapons to drug cartels and terrorists, and lied about it. And you assassinated American citizens and drone bombed hundreds of innocent civilians, and lied about it. And you filled your administration with lobbyists, and lied about it. And you armed a terrorist insurrection in Libya, then orchestrated a cover-up once the terrorists murdered our ambassador, and lied about it. And, in general — whether it’s wiretapping, or Guantanamo, or deficit spending, or Obamacare, or whatever else – we’ve seen you do everything you said you wouldn’t, and little of what you said you would.”

    http://themattwalshblog.com/2014/04/02/mr-obama-maybe-folks-are-mad-because-youre-a-liar/

    • redwilldanaher April 16, 2014, 3:31 am

      The most cynical, shameless liar I’ve ever seen and I’ve seen plenty…

  • gary leibowitz April 15, 2014, 7:47 am

    Looks like this correction is just about over. No later than Friday, by my estimate. We should soon see new highs. My guess it should start the next leg anywhere between now and early next week. In fact I think this will be a sharp but short move. Earnings and fundamentals are going to surprise on the upside with the very depressed winter months now playing catch up. More so with fundamentals.

    Valuations might even spread wider than it is today before a decent 5 month bear emerges. It still does not look like we are near the finish line for “the” top.

    • gary leibowitz April 16, 2014, 6:08 pm

      Wish I could time all my calls this good. We should now be on track for one more new high before we see the 20 percent correction everyone here is hoping and cheering for. I believe you only have to wait another month to month and a half. Oh the joy will sprout on these very pages. I can imagine each blogger trying to out due the other describing the end of the world scenario.

      I find it peculiar that during the whole 5 year experience no one actually looks at all the economic data before concluding a total collapse. Like an active volcano, you don’t pack up and leave just because you are 100 percent confident it will some day blow. Everyone here packed up 5 years ago. Me, I am starting to get ready, but not quite ready to sell my home. The events so far lead me to believe we have 2 more years before the earth underneath me splits apart.

      &&&&&&

      Whenever you use the phrase ‘everyone in here’, or ‘no one in this forum’, we know a Gary-ism is coming — i.e., a made-up generalization that is not only unsupported by the facts, but which is usually flat-out wrong. However, if it somehow sustains you, then by all means keep believing that your market predictions have been right right right while all the rest of us have been wrong wrong wrong, and that it was always thus. RA

      • Oregon April 18, 2014, 3:23 am

        Hear, hear! RA, I couldn’t have said it any better.

        Gary, there are so many times I can agree with you, and have even defended your views in the past, but when we get right down to it, you are a dildo, only less useful.

      • Redwilldanaher April 18, 2014, 4:54 am

        El Garo has called 12 of the last 3 mini-corrections. He thinks we forgot about all of the misfires. Sorry Garo, although I lean towards agreeing with your future forecast at the moment.

        Glad Rick whack-a-moled you as he’s forced to periodically.

      • Redwilldanaher April 18, 2014, 5:05 am

        It never seems to occur to El Garo that his defense of the corrupt power structure helps to sustain the perceived injustices that he rails against. Isn’t he supposed to be a software engineer?

        Seems like he’d be better equipped to spot an infinite loop than the average modern Amerikan puppet.

        6 years of Obamao, Garo, where are the clawbacks and prosecutions?

      • gary leibowitz April 18, 2014, 5:27 am

        Market predictions? I make no such claim. In fact just keep a record of what I say and when. It’s easy to do since I don’t often give specific immediate trends.

        As for my macro assumptions, we all know my stand and just how well it went these past years. I stated that earnings would be in a “sweet spot” due to low wages and low costs. I also concluded that rates might rise due to real expanding GDP growth, and when that does happen it will spell the end of this run. As for my current immediate mention on the market it is just a counter to your repetitious argument that every time the market has a technical drop, you always, I mean always, assume the bottom will fall out. You do prefix that with a caution that “Da Boyz” will most likely step in to prevent it. It’s always “fixed” when it doesn’t go straight down as you have expected for a very long time. I can prove you wrong just by looking at the earnings picture for 5 years. no pie-in-the-sky valuations. I must conclude the market is more correct than you give it credit for. In hindsight these last 5 years proves to me it is NOT fixed. To get the earnings picture right but still expect it to have crashed is absurd. Fixated. Do you not see this after so many years? Me, I am in a position to play it both ways since my “fixation” is for a rally until it tops out, and then a vicious crash to boot. I actually look for clues, which you say are not there. I use fundamentals, technical, and some version of Fibonacci wave theories. I could in the end be as wrong as anyone else. I just don’t state a position is absolute and when reality goes counter to my position blame it on conspiracies.

        &&&&&&

        My Dow forecast, first broached here in mid-December, calls for a potentially important top at 17622. How bearish is that? Not exactly “straight down,” in any event. I watch the swoons closely nonetheless, since it’s impossible to know for sure whether one’s predictions will be borne out precisely.

        Your “sweet spot” is a transparent fraud, but I’ll let others explain why, since, for me at least, the task would be like trying to explain measles to a celery stalk. RA

      • gary leibowitz April 19, 2014, 12:49 am

        Your technical chart calls for something you have no faith in, a big rally from here. You therefore “look” for reasons to prove it wrong. On your daily comments, whenever there is a remote technical possibility of a crash you tend to give it unequal weight. Your wish for a crash has biased your expectations. I am only reading from your own words.

        As for my “sweet spot” earnings are at record highs with record gross margins. The rules were changed and everyone knows this. If a tax rule changes to favor the auto industry, and bet against them, and lose, do you claim its faked? The Fed made sure rates would be very low for a long time. Does that in itself not lower costs for doing business? The Fed pumped trillions into bond purchases to stabilize banks and the like. An unbiased financial analyst determines future benefits or liabilities from these acts. Your obsession came from viewing the 2009 event as confirmation that your understanding of debt will be vindicated. Perhaps it is and we will sink into a black hole. Your understanding of human nature, and its ability to survive at all costs seems to allude you. The world markets are a slow behemoth that is slow to respond and build momentum. Most crashes happen because that momentum gets too strong, or external events cause a major disruption.

        Did you really expect the 2009 crash to keep going into oblivion, forever? Is every action you see one sided and negative? Are there ever government interventions that help some or all? Does the world work as if there is an on or off switch?

        Dismiss my macro views, or diminish its accuracy. I am only human and know all is a guess and game. Some have better observational skills than others. Some are luckier than others. Some are streak players. Me, I use intuiting as a starting point for my premise and see if collective data conform or destroy this view. Not scientific, but neither is the emotional state of markets. With markets you have a great chance of viewing that emotional state well before a terminal event happens. This big lumbering market is at a great disadvantage to the individual who knows how to read that emotional state. You use technical movement to determine a breakout or breakdown. To me that’s the same thing as deciphering market emotions. Yours is on a short time scale that can morph into something big. I look for the macro trend changes which, granted, is harder and slower to see. I try to force myself to ignore my own emotional bias when interpreting. Not always successful. Never claimed I was. It’s the unemotional person that has the best chance of winning. Buffett was in a wad of cash for years before the crash occurred. he was dismissed as an old timer that lost his ability to analyze stocks and trends. he stuck to his analysis in a very unemotional way. he is a great numbers cruncher and has set rules he never deviates from.

        I can not get thru on these points since you view the rule changes as obscene and therefore the world should have responded the way you have. Obviously it didn’t, and for good reason. the market these last 5 years were vindicated in their upward trajectory solely based on “making money”. That is after all the number ONE reason to invest. If the market crashes again, as I expect it will, that negates your fraud theory. If the stream runs into a fast current that runs into a waterfall that doesn’t preclude making money on that long and winding stream before it hits that waterfall. For all I know there might not be a waterfall. I, like you, expect one but will not get emotional if I am wrong.

  • mario cavolo April 15, 2014, 2:54 am

    Morning from Shanghai, your S&P price action at that “p” was a wee hours of the morning 15 point bounce to 1825…

  • LIAR VLAD April 15, 2014, 2:03 am

    …and that’s why you fear to post me.

    &&&&&&

    Fear? You’ve got to be kidding. Stick to the topic, stop psychoanalyzing others in here, stop calling everyone stupid and/or dishonest, and just maybe I will publish your post. And if you want a dialogue with me personally, as is implied by the very personal innuendo of everything you post that mentions me, and by your digressions into movies, the arts, culture and such, then get over your paranoia about providing a valid email address. RA

  • ter April 14, 2014, 8:21 pm

    Last I read–some years ago– Mississippi paid less than 20% of the cost of its MediCAID program, with the Fed (us) paying more than 80%. If their senators got them a total exemption from cost-sharing, I’m impressed. For most states, with minor variations, it’s a 50-50 cost-sharing arrangement. Throughout the 1980’s and into the ’90’s ( and beyond?) Rep. Henry Waxman(D-CA) kept adding mandated care benefits to the Medicaid program, all costly. It’s another failed Great Society program, riddled with fraud, in which most ethical, capable physicians decline to participate. Florida has opted out of offering the expanded Medicaid benefits to a much larger number of eligibles as required by Unaffordable Care Act. Similarly, Florida won’t set up a statewide health care ” clearing house”.
    Anticipating historic gains in November, Poobahs like Rove and the knaves and rogues who run the RNC, have decided to court Hispanics ( you know how) and go to war with the Tea Party. Brilliant strategy for limiting additions in house and senate. If Republicans do take control of the senate, they’ll find excuses for not acting to repeal BO’s handiwork. Best one will be ” He’ll just veto it”. Republicans accomplish little when empowered. They’d rather have an ISSUE than a solution for a problem. They instill false hopes in their supporters, delivering only tax cuts for the well-to-do and, since the Bushes, wars to enrich the merchants of death.

  • gary leibowitz April 14, 2014, 4:42 pm

    The same argument was made with Medicare and Social Security. Both were work in progress that had to be “fixed”. The facts can’t be covered over. If the majority of people feel they want to repeal this program they will vote accordingly. Simple solution in a democratically elected government. Why worry or fret over something that can actually get changed based on opinion.

    Most Americans were happy with their own medical plan as long as their wasn’t catastrophic issues. The more affluent will certainly pay more. In the next 2 elections lets see if the Republicans sweep. According to most here it is a done deal.

    • Chuck April 14, 2014, 5:10 pm

      prudent states like Mississippi have done away with their state’s side of Medicare LONG AGO. We cannot continue this social welfare stuff – NO MONEY TO PAY FOR IT!.

      If you need ‘help’ get it from your church or temple…..

      • gary leibowitz April 14, 2014, 5:24 pm

        Mississippi ranks last in health care. Why would they ever want help? Amazing how the poorest most uneducated states want less social subsidies. It sure hasn’t worked with their formula. I guess the state believes in leaving money in the pockets of the well to do. No distribution of wealth there.

      • Chuck April 14, 2014, 8:51 pm

        I think they saw the writing on the wall…..not enough money coming in to justify the expenditures for everyone with their hands out. Sort of like the incredible amount of people filing for SSDI…..where do you draw the line? Nope, sorry….we are out of cash…..we wish you all the best of luck with your problems though. Maybe a charity can help….but we are getting out of the business of HAND OUTS.

      • gary leibowitz April 15, 2014, 7:39 am

        Mississippi would be subsidized by the wealthier, healthier states. Why in the world wouldn’t they want to take advantage of it? The outlays for this program would be small in comparison to other states. Why would politicians on the local level not want to take money from the federal government to pay for the extra costs? I don’t get it? Most southern states still have a pre-civil war mentality when it comes to economic class distinctions.

      • LIAR VLAD April 15, 2014, 8:04 am

        gary,
        passingly read debate between you and chuck,
        and something struck me, about all your points.

        FOR YOU SAY–
        “Mississippi would be subsidized by the wealthier, healthier states. Why in the world wouldn’t they want to take advantage of it? Why would politicians on the local level not want to take money from the federal government to pay for the extra costs? I don’t get it?”

        AND HERE IS MY ARGUMENT–
        1. why would anyone with SELF-RESPECT want to be subsidized by anyone?
        2. why would anyone with SELF-RESPECT want to take advantage of the rich?
        3. why would SELF-RESPECT state politicians accept money from federal crooks?

        gary, have you ever considered, that you are totally corrupt? and see that as normal?
        gary, I worry about you. you are strangest person on this individualistic capitalistic site.
        are you paid to be here? be honest. are you an obama communista organizer?

      • Oregon April 15, 2014, 6:08 pm

        Vlad,
        I am golf clapping your reply to Gary’s ‘incredulous’ post. Nice, succinct rebuttal.

        Well played.

      • Jason S April 15, 2014, 11:12 pm

        Well done, Vlad. I will add self respect to my endangered virtue list, right up there with common sense and accountability.

      • redwilldanaher April 16, 2014, 3:36 am

        Good Ole Ward of the State El Garo. In a better time and place Despicable V wouldn’t have had to chide you……………YET AGAIN.

      • gary leibowitz April 16, 2014, 5:30 pm

        Self respect is your response? And a multitude of bloggers agree to this?

        Have you considered that the politicians in THOSE states that refuse the money, knowing their citizens need it the most, are disingenuous? Have you considered these same politicians are more concerned for the welfare of the few. I suppose we should treat all calamities, like we did right after the 29 crash, with speeches like yours. Self respect?

        “Taking advantage of the rich” Now there’s a quote for you. BTW, how disadvantaged are the rich during these hard times? Please show me a FOX NEWS report that dispels the rumor that they are alive and thriving.

        With the types of response I get here it is no wonder you can ignore 5 years of a bull market. BTW did you look at industrial production, earnings, and a whole slew of reports indicating the winter months DID indeed cause a slowdown that was temporary. Never mind, just stick to the conspiracy theory and you will do just fine. 5 years later and I have to defend the reality of the situation? Sure looks like the broke destitute America has managed to help push this market to new highs just on corporate cost cutting and slave labor wages. I wonder how they managed to pull it off for 5 whole years? Could you actually be wrong about the state of this economy? Could the trillions spent to prop up this huge economy have any beneficial affect? Nah. never mind. I am just blowing smoke.

        Imagine everyone agrees we are living in hard times, where most agree it will get much worse, and I get a response that dismisses the need for hand outs. Those hand outs will come from the people that have thrived during such times. I can sure see the logic and compassion in that. With people like you running the country, the Robber Barons of yesteryear would still be running this country with even more control. I guess you will not have to wait long for that to happen anyway since it appears we are destined to repeat our mistakes.

      • Jason S April 17, 2014, 5:54 pm

        Dude, there were several things that ended the days of the robber barons and Government intervention via trust busting, etc. is way down on that list. The corrective measures like unions and Government regulation were and are like chemo therapy. A poison that should be used only until the cancer is in remission (and that is the best we will ever get as humans is remission of that level of greed.) Those who propose to have the poison be a forever treatment sorely lack the wisdom to administer it.

      • dk April 18, 2014, 8:16 am

        Typical Lib response. What, disregarding #’s 2&3, what about number 1, how convenient you stroll right past that. That one is not just about self respect, its about personal accountability and honor – 2 areas where you completely missed the bus. Sorry, there is no recompense for that.

        5 years of bull market in stocks and corporations cutting expenses, big deal. Ship em’ over there, automate this, and soon to be… 3-D print that.

        Let’s talk organic growth. Oops, no better not – not a whole helluva lot to talk about there.

        ANYWAY…. interesting read 😉
        http://armstrongeconomics.com/2014/04/14/american-civil-unrest-is-starting-on-schedule/

      • dk April 18, 2014, 8:20 am

        Oh… and Jason, I’m recognizing your metaphor, but let’s be serious…
        Chemo is NEVER, I repeat, NEVER the answer to ANYTHING.

        disclosure… I lost, at the time, the most important person in my life to cancer. Chemo is a BLATANT fraud, to which I am witness to.
        Sorry for the aside.

      • Stephen G April 21, 2014, 12:24 am

        Chuck – I doubt very much that most Americans, even most Republicans, share your Dickensian vision for the United States. Mississippi is a bunghole and hardly a model for anything. It is held up by progressive “socialist” states that actually contribute to the country’s GDP. Basically the United States has become a conduit for the transfer of money from productive blue states to layabout red states.

        Let me guess – born wealthy, were you?

  • Neil April 14, 2014, 9:22 am

    “only scrapping Obamacare in toto and completely privatizing health care will allow the system to regenerate itself.”

    Yes, Obamacare needs to be scrapped, but I’m not sure what you mean by completely privatizing health care. Does “health care” mean health care providers only, or does it also include health insurers?

    • Rick Ackerman April 14, 2014, 4:25 pm

      I mean getting the government out of health care completely. The reason the cost of medicine is so high in the first place is that government made it a tax-free benefit to employees. Health care’s crushing costs have come to be borne by the privately insured, since their premiums subsidize gross underpayment for services provided under Medicare and Medicaid.

      • John Jay April 14, 2014, 9:24 pm

        And don’t forget a Medical System that cures very little, but instead, declares every contrived condition “Chronic” and immediately puts the victim on a regimen of prescription drugs.

        Prescription drugs with terrible side effects, sold at a huge markup to Medicare, that does not negotiate prices at all.
        I read somewhere that the VA pays one cent for an aspirin that Medicare pays $1 for.
        Medicare………..designed to enable maximum looting!

      • Jason S April 15, 2014, 11:02 pm

        JJ, that is western medicine in a nutshell.

    • mario cavolo April 15, 2014, 12:40 am

      JJ, that aspect of U.S. healthcare is shocking to a person who hasn’t been exposed to it. When I come for my annual family visit to the states, watching TV blows my mind:

      Do you suffer the pain of “CED” ? While many people often move their elbows on a daily basis, you may be diagnosed with CED syndrome (crooked elbow disease) and that’s where CEDGONE can help. Side effects include nausea, inability to ejaculate, increased cardiac risk, shortness of breath, see your doctor or pharmacist today.”

      It is insane. All they want to do is put everyone on a regimen of daily prescription drugs billed through the system, including your kids on ritalin, the whole thing comes across to an outsider as a medical industry ponzi scheme fousted upon the entire citizenry, absolutely nutso society.

      Cheers, Mario

      • Jason S April 15, 2014, 11:04 pm

        Mario,

        “Side effects include nausea, inability to ejaculate, increased cardiac risk, shortness of breath”

        We have meds for those side effects too. Its no wonder we are all getting fat based on the caloric intake of pills we pop.

  • mava April 14, 2014, 7:53 am

    ” It’s my guess that by November, that may be the only promise voters want to hear.”

    That may be so, Rick. However, I would side with Redwilldanaher in saying that Obama Care will not be repealed.

    Why not? Because, if I am right, then Obama didn’t just start “loving” the American people all of a sudden, and decided to make their lives better. No way. I think the Obama Care, is exactly like the Bank Bailout, only a cover to provide finance to the Federal Government. How much Obama secretly gifts to Afghanistan every month? 80 bln dollars or something like that? And then the “official” cost is 15 bln a month… and… all this adds up. Hiss Arab friends all live very large lives, they can’t be asked to be even remotely prudent. Official costs: http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War

    Say we are talking about “just” 100 bln dollars a month (reality is way worse). For 300 mil of Americans, that tab comes just at $ 333 a month. Average price of health care insurance? You decide.

    I think it is fairly obvious that Obama Care doesn’t have Health Care as its goal. The more the citizen spending for Obama Care becomes contrasted with an inability of those citizens to get any actual care, the bigger of a burden will be required from “the rich”.

    All this is making some people very rich, indeed. May-be we should get the boots on the ground in Ukraine. I mean, while the Nobel Peace prize laureate can still sign it.

    • Rick Ackerman April 14, 2014, 4:34 pm

      I’ll grant you that Obamacare is effectively the largest new tax ever imposed on the American middle class, but it’s a stretch to say that that was the program’s main purpose. I accept at face value that Obama’s goal was to put health care under socialism. But the costs of doing so will bring the program down. It must collapse because there is not nearly enough income to support it. I tried to make this clear by placing the emphasis of my commentary on the huge premium increases that are occurring even before the true costs of Obamacare have kicked in

      • mava April 14, 2014, 11:27 pm

        I am not so certain on any of this. May-be you’ll be proven correct.

        If I try to imagine what you are saying, however, then Obama must be stupid 9because there is no need for a significant brainpower to understand that the socialism is not only impossible, but also unwelcome). Is he? How can someone of supposedly low intelligence as to believe in socialism out of principle, get as high as a president of the US?

        I think he is a smart man. This leaves only one possibility, – he is doing it for profit. May-be the profit I suggested isn’t the one he is doing it for, but it is either profit or his IQ is the same as room temperature.

        I do agree with you that it absolutely has to collapse, just like the social security. But it doesn’t mean that it will be closed down. You just get used to receiving no care and paying huge taxes, while the majority of free riders will get some care for free, and approve the system. Simple theft, highway robbery as always. Like Gary puts it “distribution of wealth”.

    • Stephen G April 21, 2014, 12:17 am

      Takes a lot of chutzpah to blame Obama for the Iraq War. You’ve outdone yourself.

  • John Jay April 14, 2014, 4:16 am

    Well, the Oligarchs have taken complete control of the Political Process in the USA and have their hired hands in Congress rubber stamp legislation they themselves write.

    It is almost embarrassing to watch Senators and Congressmen in the media talking about “Climate Change”, “Immigration Reform”, and, my favorite, the never ending Tax Cuts for their Oligarch Friends.
    All of it just another tome in the long line of “Cook Books” entitled “To Serve Americans”.
    Right out of the Twilight Zone episode about the Kanamits .

    Hyperinflation in a few key areas, like Obamacare, taxes, and gasoline prices will leave Joe and Jane Average in penury.
    I read somewhere, perhaps it was Zerohedge, about a guy in Texas whose property taxes on his 665k house are now up to 3%!
    So, if he paid cash for his house, he still owes $1,665 a month just for property taxes!
    The Trend Line of Government abuses has gone parabolic.
    What hath LBJ wrought?

  • Bed Rock April 14, 2014, 4:02 am

    Nothing needs to be added or taken away from your missive this week, Rick. This administrations sad state of affairs just keeps getting worse. And I bet it will even worsen.

    &&&&&&

    I added the word ‘dishonest’ to describe Obama, since ‘arrogant’ alone fell short of describing those things we have come to despise in the man. RA

  • Redwilldanaher April 14, 2014, 4:00 am

    I think what will be most interesting will be how the rethuglicans goof and shockingly and frustratingly find it impossible to repeal the ACA. Prepare now to hear “we realize now that the cure will be worse than the disease”…

    Why? Because that’s how the manipulation cartel rolls.