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Granny
14 years ago
And you have not even yet mentioned the fact that elders will be denied care en masse (unless they happen to be members of Congress, union workers or belong to some other “exempt” group) and forced to undergo counseling every couple of years to encourage them to die for the “common good.”
The article: Ben “Systemic Risk” Bernanke proves that Bernanke knowingly maintained a strict monetary policy long after he knew of the sub prime problem as he knew it would cause of the “Depression”.
It shows that he probably engineered it on purpose!
If you want to sleep tonight, Don’t Read It!
“In contradiction to the prevalent view of the time, that money and monetary policy played at most a purely passive role in the Depression, Friedman and Schwartz argued that “the [economic] contraction is in fact a tragic testimonial to the importance of monetary forces” (Friedman and Schwartz, 1963, p. 300).
…..
The slowdown in economic activity, together with high interest rates, was in all likelihood the most important source of the stock market crash that followed in October.
In other words, the market crash, rather than being the cause of the Depression, as popular legend has it, was in fact largely the result of an economic slowdown and the inappropriate monetary policies that preceded it.
Of course, the stock market crash only worsened the economic situation, hurting consumer and business confidence and contributing to a still deeper downturn in 1930.”
Governor Ben S. Bernanke Money, Gold, and the Great Depression.
At the H. Parker Willis Lecture in Economic Policy, Washington and Lee University,
Lexington, Virginia.
March 2nd, 2004
“That is mission impossible. Indeed, the international financial community has made numerous efforts in recent years to establish such oversight, but none prevented or ameliorated the crisis that began last summer.
Much as we might wish otherwise, policy makers cannot reliably anticipate financial or economic shocks or the consequences of economic imbalances.
Financial crises are characterised by discontinuous breaks in market pricing the timing of which by definition must be unanticipated – if people see them coming, then the markets arbitrage them away.
…
The clear evidence of underpricing of risk did not prod private sector risk management to tighten the reins.
In retrospect, it appears that the most market-savvy managers, although conscious that they were taking extraordinary risks, succumbed to the concern that unless they continued to “get up and dance”, as ex-Citigroup CEO Chuck Prince memorably put it, they would irretrievably lose market share.
Instead, they gambled that they could keep adding to their risky positions and still sell them out before the deluge. Most were wrong.“
Alan Greenspan The Age of Turbulence: Adventures in a New World [Economic Order?].
Where do you think “Mr. Backdoor Obama” hid FOCA? Never mind that he even lied to the pope!
Following the Alinsky playbook, Obama’s, i.e, “present”, is not going to have blood on HIS hands if he can help it. It was a no brainer that FOCA would be coming in through the backdoor.
As for the Catholic hospitals, I saw a newsfeed on Raymond Arroyo’s ‘World Over’ show that if passed as is, the 500 or so US Catholic hospitals would be forced to close (as was the case with FOCA).
No surpise. I wrote a while back on this blog that Obamacare would ration care, force abortions sterilizations, and euthanasia, for the “good of society.” What I didn’t forecast was that we would also be required to participate in human experiments.
My apologies if someone already posted this and I missed it. A few “highlights” from Obamcare.
Pg 22 of the HC Bill mandates the Government will audit books of all employers that self insure. Can you imagine what that will do to small businesses? Every one will abandon “self insurance” and go on Government insurance. So when Obama says that there will still be private health care, it’s simply a lie: this mandate will force employers to abandon their private plans.
Pg 30 Sec 123 of HC bill – a Government committee (good luck with that!) will decide what treatments/benefits a person may receive.
Pg 29 lines 4-16 in the HC bill – YOUR HEALTHCARE WILL BE RATIONED! (We all knew this, because health care is rationed in Canada and Britain, but Obama kept saying it would not be).
Pg 42 of HC Bill – The Health Choices Commissioner will choose your HC Benefits for you. You will have no choice!
PG 50 Section 152 in HC bill – HC will be provided to ALL non US citizens, illegal or otherwise.
Pg 58 HC Bill – Government will have real-time access to individual’s finances and a National ID Healthcard will be issued!
Pg 59 HC Bill lines 21-24 Government will have direct access to your bank accts for election funds transfer
PG 65 Sec 164 is a payoff subsidized plan for retirees and their families in Unions & community organizations (read: ACORN).
Pg 72 Lines 8-14 Government will create an HC Exchange to bring private HC plans under Government control.
PG 84 Sec 203 HC bill – Government mandates ALL benefit packages for private HC plans in the Exchange.
PG 85 Line 7 HC Bill – Specifics of Benefit Levels for Plans = The Government will ration your Healthcare!
PG 91 Lines 4-7 HC Bill – Government mandates linguistic appropriate services. Example – Translation for illegal aliens.
Pg 95 HC Bill Lines 8-18 The Government will use groups, i.e. ACORN & Americorps, to sign up individuals for Government HC plan.
PG 85 Line 7 HC Bill – Specifics of Benefit Levels for Plans. AARP members – your Health care WILL be rationed.
pdill
14 years ago
Caught in spam (#3).
Scott Malensek
14 years ago
Ironic that the “PROCHOICE” position doesn’t allow the American people to choose whether or not to pay.
@KingShamus: I agree. And I hope we can put to rest once and for all the charge that both parties are just as bad and that there is no difference between Republicans and Democrats. That attitude only serves to enable the Dems. If people on our side don’t start getting out their checkbooks NOW and writing a modest check to GOP candidates for 2010 then they can get the checkbook out later and write a huge check later to pay for Obama Care.
bill-tb
14 years ago
Abort the unborn, euthanize the old, give the money saved to your Democrat supporters.
There is a bad place America is headed to.
SouthernRoots
14 years ago
“essential benefit” means that, by including this in the law, the democrats will gain an essential benefit of a core block of voters.
I am not against a person being allowed to chose euthanasia having seen my father get eaten by cancer and his quality of live degrade. I am sure he would have chosen to go on HIS terms rather than doped up on morphine and going on the diseases terms.
I AM FIRMLY AGAINST it when the government is the one choosing WHO and WHEN.
I am also firmly against this bill seeing as I have one special needs child and I don’t like the idea of the government suddenly saying “Well, you’ve hit your allotment for this year. No care for you CP child!” Or worse, just denying everything from that point forward and trying to force my hand to euthanize the child to “save tax dollars.”
People think they want this until they start denying your medical because you eat too much fast food, you drink, you smoke, your A1C is too high too long, you eat too much X, Y or Z.
And if they think they won’t do that … then vote for Obama AGAIN.
And you have not even yet mentioned the fact that elders will be denied care en masse (unless they happen to be members of Congress, union workers or belong to some other “exempt” group) and forced to undergo counseling every couple of years to encourage them to die for the “common good.”
The article: Ben “Systemic Risk” Bernanke proves that Bernanke knowingly maintained a strict monetary policy long after he knew of the sub prime problem as he knew it would cause of the “Depression”.
It shows that he probably engineered it on purpose!
If you want to sleep tonight, Don’t Read It!
“In contradiction to the prevalent view of the time, that money and monetary policy played at most a purely passive role in the Depression, Friedman and Schwartz argued that “the [economic] contraction is in fact a tragic testimonial to the importance of monetary forces” (Friedman and Schwartz, 1963, p. 300).
…..
The slowdown in economic activity, together with high interest rates, was in all likelihood the most important source of the stock market crash that followed in October.
In other words, the market crash, rather than being the cause of the Depression, as popular legend has it, was in fact largely the result of an economic slowdown and the inappropriate monetary policies that preceded it.
Of course, the stock market crash only worsened the economic situation, hurting consumer and business confidence and contributing to a still deeper downturn in 1930.”
Governor Ben S. Bernanke
Money, Gold, and the Great Depression.
At the H. Parker Willis Lecture in Economic Policy, Washington and Lee University,
Lexington, Virginia.
March 2nd, 2004
You can read also: Preparing for the Crash, The Age of Turbulence Update: 27/07/09., which tries to accomplish Greenspan Mission Impossible:
“That is mission impossible. Indeed, the international financial community has made numerous efforts in recent years to establish such oversight, but none prevented or ameliorated the crisis that began last summer.
Much as we might wish otherwise, policy makers cannot reliably anticipate financial or economic shocks or the consequences of economic imbalances.
Financial crises are characterised by discontinuous breaks in market pricing the timing of which by definition must be unanticipated – if people see them coming, then the markets arbitrage them away.
…
The clear evidence of underpricing of risk did not prod private sector risk management to tighten the reins.
In retrospect, it appears that the most market-savvy managers, although conscious that they were taking extraordinary risks, succumbed to the concern that unless they continued to “get up and dance”, as ex-Citigroup CEO Chuck Prince memorably put it, they would irretrievably lose market share.
Instead, they gambled that they could keep adding to their risky positions and still sell them out before the deluge. Most were wrong.“
Alan Greenspan
The Age of Turbulence: Adventures in a New World [Economic Order?].
The Age of Turbulence: Plea for a New World Economic Order. explains the nature and causes of economic depressions and proposes a plausible alternative solution.
Where do you think “Mr. Backdoor Obama” hid FOCA? Never mind that he even lied to the pope!
Following the Alinsky playbook, Obama’s, i.e, “present”, is not going to have blood on HIS hands if he can help it. It was a no brainer that FOCA would be coming in through the backdoor.
As for the Catholic hospitals, I saw a newsfeed on Raymond Arroyo’s ‘World Over’ show that if passed as is, the 500 or so US Catholic hospitals would be forced to close (as was the case with FOCA).
No surpise. I wrote a while back on this blog that Obamacare would ration care, force abortions sterilizations, and euthanasia, for the “good of society.” What I didn’t forecast was that we would also be required to participate in human experiments.
My apologies if someone already posted this and I missed it. A few “highlights” from Obamcare.
Caught in spam (#3).
Ironic that the “PROCHOICE” position doesn’t allow the American people to choose whether or not to pay.
I didn’t think John Boehner had it in him to lead the charge against Obambi-Socialism. He’s done better than I expected.
@KingShamus: I agree. And I hope we can put to rest once and for all the charge that both parties are just as bad and that there is no difference between Republicans and Democrats. That attitude only serves to enable the Dems. If people on our side don’t start getting out their checkbooks NOW and writing a modest check to GOP candidates for 2010 then they can get the checkbook out later and write a huge check later to pay for Obama Care.
Abort the unborn, euthanize the old, give the money saved to your Democrat supporters.
There is a bad place America is headed to.
“essential benefit” means that, by including this in the law, the democrats will gain an essential benefit of a core block of voters.
I am not against a person being allowed to chose euthanasia having seen my father get eaten by cancer and his quality of live degrade. I am sure he would have chosen to go on HIS terms rather than doped up on morphine and going on the diseases terms.
I AM FIRMLY AGAINST it when the government is the one choosing WHO and WHEN.
I am also firmly against this bill seeing as I have one special needs child and I don’t like the idea of the government suddenly saying “Well, you’ve hit your allotment for this year. No care for you CP child!” Or worse, just denying everything from that point forward and trying to force my hand to euthanize the child to “save tax dollars.”
People think they want this until they start denying your medical because you eat too much fast food, you drink, you smoke, your A1C is too high too long, you eat too much X, Y or Z.
And if they think they won’t do that … then vote for Obama AGAIN.
It _might_ look like this:
http://www.bookwormroom.com/2009/07/28/dear-citizen-by-guestblogger-danny-lemieux/
@suek: That’s a good find! I doubt that is too far off the mark.