Ah…the Obama economy. Smells like, well, crap:
- Today, there are now 2.6 million more people living below poverty.
- Food stamp rolls under President Barack Obama have risen to more than 47 million people in America.
- Over 8,803,335 Americans are on disability up from 7,469,240 in February 2009.
- The median household income has dropped $4,520, or about one month’s average wages, since President Obama took office.
- US incomes fell more during the so-called recovery than the recession.
- Gas prices have doubled.
- Taxes have ballooned.
- This year alone working Americans making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784.
- Obamacare will punish working Americans with more taxes.
Given all that you can see why he was re-elected right? I mean how can a man screw up the economy more? I don’t think it’s possible.
Look at ObamaCare. This narcissist saw a way to be FDR and cement his legacy in history by passing a socialist law, damn the consequences. Hell, even some Democrats are beginning to realize, this thing is unworkable.
Even the far left is coming around.
When we saw the headline “Four Ways ObamaCare Could Still Fail,” our reaction was that it sounded like an unrealistically low estimate. But we were intrigued enough to read the article because of the source: TalkingPointsMemo.com…
…Kapur’s argument amounts to the following: Democrats passed a law that had and still has insufficient public support (points 1 and 4), that cannot achieve its goals without unconstitutional means (point 2), that did not allocate the necessary resources to accomplish its objectives (point 3), and that lacks and still lacks even minimal support across the political aisle (all four points).
That sounds very much like the conservative critique of ObamaCare. At this point it’s fair to say that ObamaCare opponents have won the argument. Of course, since supporters won the political battle three years ago (and Obama won re-election), this monstrosity is now the law of the land, ensuring that both sides’ victories will have been Pyrrhic.
Meanwhile, as us conservatives observed years ago, the youth in this country will be completely screwed:
The federal health care law could nearly triple premiums for some young and healthy men, according to a forthcoming survey of insurers that singles out a group that might become a major public opinion battleground in the Obamacare wars.
The survey, fielded by the conservative American Action Forum and made available to POLITICO, found that if the law’s insurance rules were in force, the premium for a relatively bare-bones policy for a 27-year-old male nonsmoker on the individual market would be nearly 190 percent higher.
…The findings highlight the sticker shock in health care premiums that awaits the relatively young and healthy in both the small group and individual markets as the ACA is fully implemented. The survey finds cost of premiums for this group will increase by an average of 169 percent. Conversely, the survey found that the premiums of older and sicker individuals in these markets will be relatively subsidized by the ACA, with that group seeing an average decrease in premium costs of just under 25 percent.
But the kids love themselves some Obama don’t they?
Everyone with two brain cells saw this coming….you know what else they saw coming? The end to private insurance, the goal of ObamaCare in the first place:
I am deeply into studying the impact of Obamacare on employers, and I have been communicating with highly sophisticated ERISA lawyers who are advising employers, from Fortune 50 companies to small firms under 50 employees, on whether to keep or drop or modify their employer group health plans.
It has become very clear to everyone involved who is analytical and not ideological that the rational strategy, for both large and small firms, is to cease providing health care insurance to employees.
No company wants to admit that they are considering eliminating health insurance as an option, or be the first one to drop their health insurance plan, but once a competitor does so, the preference cascade will begin. The clear sentiment is “We will not be the first one to drop our health insurance plan, but we would be a close second.”
The coming preference cascade for employer group health plans is what the Democrats fear the most, because Obamacare was sold to the masses as “if you like your health insurance plan, you can keep it.”
The people who really know the law, and who have been following the avalanche of regulations, have already figured this out. It will take a while for this specialized knowledge to seep downward, because right now only $800+ an hour ERISA attorneys and the most sophisticated HR people understand how Obamacare really works.
So what we have after four years of Obama lovin’ is a country on a path to becoming Greece. Just as Greece lead the way to Democracy thousands of years ago they now lead a parade of nations into default.
How can they not see it’s all unsustainable?
It’s characteristic of the time that we’re living in that there simply is no sense of consequence. And that’s exactly what you get when you have a Federal Reserve that’s out of control and a public that is filled with technological narcissistic visions of Santa Claus delivering rescue remedies on demand. And so there’s no general sense that when you do things, bad things can happen.
…History is very peculiar in the sense that sometimes cultures and societies go through very strange periods of their history, and we’re in one of those now. And I characterize this as the “great period of America lying to itself.” And the way that it’s really carried out as a practical matter is that accounting fraud is now the basic mechanism for running most of the important things in American life. Accounting fraud is now the basis for banking and finance, and it’s certainly the basis for government, and certainly for its fiscal role.
So I think what you’re seeing is a kind of deformity of the consensus. And of course, the most striking feature of our current times is this inability of the country to construct a coherent story about what’s happening to us, and therefore the inability to construct a story about what we might do about it.
The TEA party and conservatives saw this coming long ago. Hell, even Obama supposedly saw this long ago:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. Increasing America’s debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
But of course, that was when Bush was in office. Nowadays not being able to pay our bills, raising the debt limit, and a souring deficit is a sign of REAL leadership.
Funny how that happens eh?