The Health Care Bill and The Happy Meal

There are several pages in the 1500's that give HHS the power to require labelling of all manner of food.
Here follows an especially entertaining nugget.


Page 1514:

‘‘(v) MENU VARIABILITY AND COMBINATION MEALS.—The Secretary shall establish by regulation standards for determining and disclosing the nutrient content for standard menu items that come in different flavors, varieties, or combinations, but which are listed as a single menu item, such as soft  drinks, ice cream, pizza, doughnuts, or children’s combination meals, through means determined by the Secretary, including ranges, averages, or other methods.


Call your Member of Congress...

Health Care Bill: Secretary of HHS, Doctors and Pharmaceutical Companies

Page 128 (Italics mine)

SEC. 239. PROTECTION OF PHYSICIAN PRESCRIBER INFORMATION

(a) STUDY.—The Secretary of Health and Human Services shall conduct a study on the use of physician prescriber information in sales and marketing practices of pharmaceutical manufacturers.

(b) REPORT.—Based on the study conducted under subsection (a), the Secretary shall submit to Congress a report on actions needed to be taken by the Congress or the Secretary to protect providers from biased marketing and sales practices.




So, what constitutes 'biased marketing and sales practices'?

By this language, anything the Secretary of Health and Human Services decides...

Of Course We Won't Ration Care!

From page 25 going into 26.

Look at the final clause. Italics mine. Miss Nancy surely doesn't want this noticed...

Looks like rationing to me!

(2) INSUFFICIENTFUNDS.—If the Secretary estimates for any fiscal year that the aggregate amounts available for payment of expenses of the high-risk pool will be less than the amount of the expenses, the Secretary shall make such adjustments as are necessary to eliminate such deficit, including reducing benefits, increasing premiums, or establishing waiting lists. 

Dramatic Reading 1: House Health Care Bill

From page 25 of the House Health Care bill:

(7) TREATMENT AS CREDITABLE COVERAGE.— 

Coverage under the program shall be treated, for 2
purposes of applying the definition of ‘‘creditable 3
coverage’’ under the provisions of title XXVII of the 4
Public Health Service Act, part 6 of subtitle B of 5
title I of Employee Retirement Income Security Act 6
of 1974, and chapter 100 of the Internal Revenue 7
Code of 1986 (and any other provision of law that 8
references such provisions) in the same manner as 9
if it were coverage under a State health benefits risk 10
pool described in section 2701(c)(1)(G) of the Public 11
Health Service Act. 12

That's one paragraph from 1190 pages.

Call your Member of Congress.

Feeding At The Trough

The feeding frenzy is now underway in earnest...expect language to be inserted that will allow illegal immigrants to belly up to the bar for Obama's Free Lunch.

The Hispanic Caucus met with the Prez to remind him of his promises to open the coffers to illegals, including, of course, free health care.

Well, not exactly free.  The citizens get to pay for it.

"I think that he got our message," Rep. Nydia Velazquez, D-N.Y., head of the Hispanic Caucus, said afterward.  House leaders said that, in keeping with the Hispanic Caucus' demands, there was not likely to be any prohibition added to the House bill against illegal immigrants shopping in the exchange.

Here's the AP story.  


I called my Congressman's office(Tanner, TN-8), and the staffer claimed she didn't know how he planned to vote. I was incredulous, she was indignant, claiming he hadn't decided.


Right.


He's a slimeball, and will vote for it, 'cuz Miss Nancy tells him so.  He voted for the TARP, for the stimulus, for whatever Miss Nancy wants.



Call your Member of Congress.  Freedom is at stake.

Goldman Knew The Crash Was Coming...And Helped Drive The World Over The Cliff

The insiders at Goldman knew the crash was coming. 


And saw it as an opportunity to make money hand-over-fist, and leave the taxpayer to bear the brunt of the losses, even as many of them were also losing their homes and jobs.


In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.

Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk. 

(Those are just the opening paragraphs--the really bad stuff is buried down the article.)

All in a day's work. Crack dealer, investment banker, both selling poisonous products with high profit margins, and insulating themselves from having to see what their stuff does to the customer.


Problem is, this sort of behavior totally erodes any sense of trust in a culture.

It's difficult to have a culture once trust is eroded. Much less an economy.

But, then again, if they cared about the culture, they wouldn't have been selling this stuff in the first place, would they?

Culture shapes economy.

Frank Rich and The G.O.P. Stalinists Invading Upstate New York

Ah, the YewNork Times!  Ya' just GOTTA love 'em.

Frank Rich, one time drama critic and current Obama Kool-Aid sipper goes to great lengths to tell America to be very afraid of Mr. Hoffman and those who support him.  Further, he thinks that Hoffman's victory will be wonderful for the Democrats next year.

Methinks the folks-in-charge of both parties might be sweating a bit, 'cuz the spin has already begun, before the election even takes place!

Remember, those of us who just don't idly by and take what is shoveled in our direction are just ignorant bubbas, racists...

Stalinists!

How come they get to call names, and it's journalism?

We point out the facts on the public record, speak up, and we're Stalinists.

I think we've got them on the run, personally...

Op-Ed Columnist - The G.O.P. Stalinists Invade Upstate New York - NYTimes.com

The Problem With Mathematics...

...is that it is impervious to ideology, in the main.

Math just is!

Paul Krugman is someone I respect and read, and do not often agree with.

But, he does know how to do math.  In the short post below, he provides with a graph that tells us we need about 2% growth in GDP to create a 1% growth in the employment numbers.

It's just numbers, just math, which just is.  And that's what is most damning about the current set of clowns in charge.  They think math doesn't matter, that it's like language, something to be fabricated for the day's usage. But the simple math tells the terrible story.

Growth and jobs - Paul Krugman Blog - NYTimes.com

So, does Krugman of the New York Times now go on the White House Enemies List, because he dares publish a graph displaying the mathematical results of the past sixty years of the US economy?

Mish also knows how to do math.

He calculates the cost per 'job', using the numbers published by the Federal Government and the White House. 

He takes the White House numbers at face value, and then simply says(hang on to your calculators, you won't like what you see!):

Let's do the math.



Math To Date
Funds paid out so far = $83.8 billion + $52.1 billion + $71.4 billion = $207.3 billion
$207,300,000,000 / 640,329 = $323,739.83 per job created

Plan Goals Math
Now let's assume this stimulus package will eventually create (or save) 3.5 million jobs and all the money (but no more) will be spent.

Here's the math again.
$787,000,000,000 / 3,500,000 = $224,857.14 per job created
  
Math just is.

Until we elect a Congress and White House that understand this, and know how to do math, very little will improve.

 

Scary Thought for Halloween: The White House Might Actually Believe Their Own Fantasies!

Be afraid.  Be very afraid.

The White House is trumpeting to the world just how successful 'The Stimulus' has been--millions of jobs 'saved', hundreds of thousands 'created', and we can all sleep well tonight, knowing that the goblins of economic malaise dare not mess with The One, The 2009 Nobel Peace Prize Winner, The Prez!  And, they actually seem to believe it themselves.

He's got it all under control.  Let's just not talk about 115 bank closures to date(nine yesterday!), or the $100 billion dollars we borrowed from the world last week. Or the true unemployment figure that approaches 20%. Or GMAC coming back for more love from the TARP. Or Fannie and Freddie on life support.
Or the FDIC. Or...

He's got it all hammered out. He's The One.  Just ask Oprah. She knows about these things.

However, even CBS News is finally beginning to locate its spine, and in the embed below, tells us that the numbers being released bear no relation to reality.  This is CBS, not Glenn Beck, finally admitting that they cannot pass on this information as if it were true.

Which leads us to the next scary thing to ponder:  If CBS begins to report the truth(finally), will they also be considered not a news organization by the Obama White House? 

Old English Prayer:

From ghosties and ghoulies, long-leggedy beasties, and things that go 'bump' in the night, good Lord, deliver us!


Watch CBS News Videos Online

The Choice, aka The Testimony The House Democrats Refused to Hear or Publish

It isn't just what happens that we should notice.

It's what doesn't happen.

It's the voices of dissent, however reasoned, that are suppressed, the testimony deliberately never entered into the record or published, that also must be noticed.

Robert Johnson, whose credentials are noted below, was called at the last minute to testify before the House Banking Services Committee this week. He warned starkly of the dangers of the bill proposed.

Five minutes into his testimony, he was cut off by the acting chair. He submitted his testimony, which was subsequently never published.

The account can be found here.

The full testimony can be found here.

Johnson is no tin-hat Tea Party type.  He is an experienced executive in the financial world, and is employed by the Franklin and Eleanor Roosevelt Institute!  If his voice is to be suppressed, what then?

Here is the summary of his testimony, which runs twenty-sen pages.  Little wonder the Committee did not wish it entered in the record!

THE CHOICE: REFORM OR ENDORSEMENT OF A MAN MADE FAULTLINE

Wall Street's leaders cannot control their urge to seek protection despite the fact that it is demeaning to their reputations. Yet the members of this Committee and your counterparts in the Senate are responsible for resisting their demands for the good of society. I do believe that this is no minor matter. The financial security and strength of our nation is in the balance. Confidence in the U.S. dollar as the world's foremost reserve currency depends upon the integrity of our financial system. As I stated at the outset, I believe that the intersection between the OTC derivatives market and the large financial institutions is the financial equivalent of the San Andreas fault. Yet there is one difference. The San Andreas fault is a natural occurrence that we must all cope with to mitigate the consequences of an earthquake. It is beyond our power as people to eliminate. The current state of OTC derivatives regulation and its relation to the guarantees of large financial institutions are a man made fault that is the product of past human errors financial legislation and regulation. It has been revealed by catastrophic events to have devastating consequences. It has produced an avoidable earthquake.  That earthquake and its consequences need not be repeated. One can only imagine the consequences for the reputation of those public officials who would choose to act to codify into law this fault line and expose our society to a repetition of the financial crisis that has devastated the world in recent months.

To avoid reform would be harmful enough. We know the fault lines of past human error regarding the regulation of OTC derivatives continue to threaten us. But to affirm the status quo with new legislation that codifies these structural flaws and deems them to be healthy would be far worse. This is not about just leaving a few crumbs on the table for big financial institutions and asking the rest of us to pay a little more. This is about the representative government of our society choosing to affirm a dangerous financial structure that could explosively harm us all again just after we experienced a severe and unnecessary crisis that resulted from these very failures of design. It would be both dangerous and demoralizing for America and the world if our legislators choose to take that path forward in deference to the parochial desires of a few firms in the financial sector. 


Robert Johnson is the director of the Economic Policy Initiative at the Franklin and Eleanor Roosevelt Institute and is a regular contributor to NewDeal 2.0. He serves on the United Nations Commission of Experts on Finance and International Monetary Reform. Previously, Dr. Johnson was a managing director at Soros Fund Management, where he managed a global currency, bond and equity portfolio specializing in emerging markets. He was also a managing director at the Bankers Trust Company. Dr. Johnson has served as chief economist of the U.S. Senate Banking Committee under the leadership of Chairman William Proxmire and was senior economist of the U.S. Senate Budget Committee under the leadership of Chairman Pete Domenici.