Wednesday, June 30, 2010

It's about jobs, dude!

Over the last 15 years, when those black-hearted, evil, Neanderthal Republicans had control of the Congress (10 years), 22.9 million jobs were created, or an average of 2.29 million per year. When the progressive and empathetic Democrats had control or control was split, 8.7 million jobs were lost, or an average of 1.7 million per year.

And our current leadership is really working hard for you. According to Vice-President Biden: "We'll never regain those 8 million jobs lost."

Changes in number of jobs:
  • In last six months (Nov. 2009 to May 2010): +873,000 (which includes 390,000 census workers)
  • In Bush's eight years (Jan. 2001 to Jan. 2009): +1,080,000
  • In Obama's 17 months: -2,979,000
  • When Republicans controlled House and Senate, Jan. 95 to Jan. 2001: +16,107,000
  • When Congress/Senate were split, Jan. 01 to Jan. 03: -2,203,000
  • When Republicans controlled House and Senate, Jan. 03 to Jan. 07: +6,801,000 
  • When Democrats controlled House and Senate, Jan. 07 to present (May): -6,497,000
  • Since December 2007 (peak): -7,381,000
Kind of hard to ignore the raw data, isn't it?

Please don't vote for Democrats.

Tuesday, June 29, 2010

A trip down memory lane

In light of my last post about financial reform, let's review what happened in 2004.

I wonder what financial reform is reforming?

What does the new financial "reform" bill reform? I've been wondering this, and so have a lot of other people. The 2,000-page bill is another monstrosity of the Democrat-controlled Congress, like the 2,000-page health care "reform" bill. You remember? The one that had to be passed so we could find out what was in it, as Pelosi famously stated.

Investor's Business Daily, which ought to have a handle on this, admits it doesn't yet.

We've just scratched the surface here. We'll have more to say in coming weeks as we plow through this monster of a bill that appears to reform little but harm a lot.
In this article, IBD is concerned that the real reform -- to prevent another financial disaster -- is not implemented in the bill.

David Pauly from Bloomberg, in an article for Business Week, confirms this view.
U.S. lawmakers and their Wall Street supporters may have guaranteed another financial disaster like the one we’re still recovering from.
Congress last week thought it was protecting the banks -- especially the six dominate players -- when it gutted the financial reform bill.

Ignoring evidence that investors were defrauded by subprime mortgage instruments that even bank bosses didn’t understand, lawmakers are refusing to rein in the culprits.
The bill was sponsored by Barney Franks and Chris Dodd. These are the two idiots who had such a vibrant role in the last disaster. So the same people who were involved in the last crisis are trying to fix the next one.

Pauly concludes:
Congress never considered real bank reform: Breaking up the Wall Street behemoths by separating commercial banking from riskier investment banking. Then if investors want to bet on Morgan Stanley making bets on credit default swaps, they can. The punters will always be with us.


It’s unfortunate that the now publicly held investment banks can’t revert to partnerships, with the partners at risk instead of the shareholders.
Don't you feel better already?

Thursday, June 24, 2010

If you're old or military, you're screwed

(Update for June 25: The House on Thursday approved a six-month plan to prevent a steep cut in doctors’ fees paid by Medicare, agreeing to a short-term solution that Speaker Nancy Pelosi called “totally inadequate” but said the House had decided to adopt after concluding that the Senate was hopelessly gridlocked and could do no better. Full story in the New York Times.)

It's enough to make you sick, but you can't afford to get sick anymore -- especially if you're a senior citizen or a military family member or military retiree -- because of our increasingly inept, incompetent and corrupt government.

Let's talk Medicare and the so-called "doc-fix." This B.S. has been going on for more than a decade. A provision of Medicare ties reimbursement rates to the growth in the GDP. Whoever thought that up should be taken out and shot, but the point now is that every so often Congress votes to put off the adjustment, while actually adding a few percentage points to reimbursement rates.

Medicare has recently reduced the reimbursement rate 21 percent, since Congress can't seem to get its act together. This not only affects seniors, but also military families and retirees, because Tricare is now tied to Medicare. It was tough enough before to find a Tricare doctor -- it will be even harder now. If the 21 percent reduction remains in place, the result is pretty much that seniors and military people won't be able to find health care, let alone afford it.

The Senate, on Friday, June 18, 2010, voted to extend the provision once again, adding about a 2 percent increase. But Queen Pelosi won't support it because the Senate bill doesn't include some $100 billion worth of other unrelated pet projects of hers and her cronies. They're supposed to create jobs, but y'all know how effective that is.

So if she gets her way, most doctors won't take Medicare patients or Tricare patients, because they can't afford to. Would you work for someone if you have to pay them to work? How many businesses would stay open if they operated at a loss?

From Dr. Michael A. Newman says in the Cap Times (a liberal site): Health reform at risk without Medicare fix
The reform legislation passed in March will greatly increase demand for physicians’ services. But each year, more doctors are declining to participate in Medicare. Physicians, especially those providing primary care, are reimbursed by Medicare at rates 25 to 35 percent below those of other insurance programs. And the Senate action Friday came too late to prevent the rates from being cut 21 percent. A definitive solution is needed, soon, to keep physicians on board for reform.

An American Medical Association online survey last month of more than 9,000 physicians found that 31 percent of primary care physicians -- defined as family practice, general practice, internal medicine and obstetrics/gynecology -- restrict the number of Medicare patients in their practice, mostly because they consider reimbursement rates too low. The AMA found that 60 percent of all physicians are considering opting out of Medicare. And older physicians who have more Medicare patients in their practices have been retiring earlier than expected.
Even the pro-Democrat New York Times reported more than a year ago on this problem of finding health-care under the government-run Medicare system. It may get even worse now.

We need to get these elitist, pompous, narcissistic bums out of Washington. They don't think they work for us anymore. They believe they are there to run us, tell us what's right for us, how to live our lives. I thought this was America, the land of the free individual.

As Dennis Prager so aptly puts it: The larger the government, the smaller the individual.

Monday, June 21, 2010

In case you missed it

Where are the promised border troops?
Remember Obama promised 1,200 National Guard re-enforcements for border security? Where are they? No one seems to know.

U.S.-born al-Qaida operative rips Obama
You have to consider the source, but the statement reveals that even the olive-branch-toting Obama is not popular with our enemies.

Obama: No security without amnesty
In a stunning revelation at an Arizona town hall meeting this past Friday, Republican Senator Jon Kyl told his constituents that President Obama privately insisted that he will not secure the border until amnesty for illegal aliens passes first.

UPDATE: The Obama Administration denies that Obama said this. But only two people were in the room at the time: Obama and Kyl. So this looks like a he-said, he-said type of thing. Who do you believe? (Well, who has told the most lies in the last 18 months?)

Timeline of Gulf Oil Spill
Just how on-top of the disaster is our government? A time-line of events from Fox News.

Senate fails to spare doctors from Medicare cuts
This will not only affect seniors, but military families and retiress, as Tricare is tied to medicare rates now.