Bailout Time For Baby

The Greatest Socialist Baby, ObamaCare, needs a bailout diaper change because it’s overwhelming success in creating “better” and “more” Health Care for everyone has got some ‘wastage’ (aka poop) 🙂

When Obamacare was rammed through Congress without a single Republican vote way back in 2010, conservatives warned that the massive government program would ultimately require bailing out health insurance companies that gladly signed on.

Fast forward five years and it’s that time. Today on Capitol Hill, lawmakers are being pressured by the White House to provide money, or a bailout, to insurance companies losing money due to running government Obamacare exchanges. From The Hill

Republicans and Democrats are close to agreeing on delaying two major taxes, the “Cadillac tax” on high-benefit plans and the medical device tax.

But those proposals have run into opposition from the White House, which wants language fixing ObamaCare’s so-called risk corridors — a program intended to help insurance companies that take a financial hit by participating in government-run health exchanges.

That program is nearly out of money because of a policy rider sponsored by Sen. Marco Rubio (R-Fla.) on a year-end spending bill in 2014 that bars the Department of Health and Human Services from tapping into other accounts to fund it.

Rubio’s role has injected presidential politics into the debate, making it all but impossible for GOP leaders to agree to the White House’s demands.  

The talks appeared to hit a wall Monday when Republicans ruled out fixing the risk corridors, which they panned as a “bailout for insurance companies.”

“This is not on the table. Risk corridors is fully off the table,” said a Senate Republican leadership aide.

Despite the disagreement, Republicans are feeling optimistic they can get the healthcare pieces worked out.

Repealing the Cadillac tax, which hits the health plans of union members especially hard, is a priority of Reid’s and many Democrats.

But that was the “soak the rich” component of ObamaCare because only “rich”, well to do, greedy, people had those plans they said.They kneww they were lying but they didn’t care. The Agenda Uber Alles. It was a funding mechanism they used to sell the CBO (and thus con everyone else) on the BS that is ObamaCare.

My Blog Nearly 6 years ago (January 8th, 2010):

Those who think they’ll be exempt from the tax because their health care insurance isn’t one that Obama would define as a “super, gold-plated Cadillac” plan are kidding themselves. Douglas Holtz-Eakin, director of the Congressional Budget Office under George W. Bush, says 95% of Americans who are covered by plans that fit into the Cadillac category make less than $250,000 a year.

Even groups on the left get it. As Jim Kessler, vice president for policy for the progressive Third Way think tank, puts it: “A lot of those folks that have Cadillac plans have Chevy wages.”

Also don’t believe the claim that the tax will be on the insurance companies only. Sure, insurers will write the checks to Washington. But they’ll forward their costs to the customers, adding to a tax burden that’s already too punitive — and going to get worse.

“Passing the tax on to workers would result in an effective tax rate that is even higher than the specified 40%,” Curtis S. Dubay wrote in October in a Heritage Foundation WebMemo. “When the insurance companies embed the cost of the excise tax in premiums, the prices of plans will rise. A higher price means the excise tax would be higher, too.”

This would happen when the tax on a $10,000 individual plan adds $600 (40% of the $1,500 beyond the $8,500 threshold) to the cost, leaving a new premium of $10,600. The new cost will then be subject to the tax, boosting the premium another $840 (40% of the $2,100 over the $8,500 threshold). By now, that $10,000 plan is costing $11,440 a year.

“This cascading effect,” explains Dubay, “could raise the effective rate for the excise tax to 67% according to one estimate — considerably higher than the 40% specified in the bill.”

The problems don’t stop there. The growing premiums will drive many private employers that provide coverage for their workers to downgrade to cheaper insurance plans, which defeats the effort to improve health care.

A Liberal Democrat “soak the rich” scheme that blows up in their face and does the exact opposite. Nah, that never happened before…

See Alternative Minimum Tax 🙂

history2

The good news is, it looks like the Obamacare Cadillac tax will be repealed and insurance companies will have to take the hit they signed up for when they agreed to Obamacare years ago.

I’ll leave you with this, which explains why Democrats and Republicans are on board with repealing the Cadillac Tax.

They knew this 6 years ago, but THE AGENDA IS THE AGENDA, after all. 🙂

Most Americans don’t know what their insurance plans are worth. They’re happy to let their employers pay the premiums for them and believe that the money isn’t coming out of their pockets.

Very true.

Very Very true.

I heard a woman say, “Well, I just got out of the hospital. It cost $150,000. And I paid nothing. It was wonderful”

She was complaining about a $42 State Mandated charge in her car insurance. Because “I’m poor you know”. “I’m on a fixed income” (aka I relied on Social Security to pay for my glorious retirement).

And now 6 years later with the economy in the crapper because of Liberals they do it EVEN MORE now than they use.

People may not know the value of ANY insurance, but politicians know the value of politics. 🙂

“These are plans,” says the St. Pete newspaper, “that generally have very low co-pays and lots of extras.”

Sound familiar? Then either be prepared to pay more, or be stuck with a brass-plated, Yugo plan that’s more affordable. And while learning to settle for less, don’t forget: This grand reform effort coming out of Washington is supposed to improve our health care.(IBD and my Blog- January 2010).

It’s Bailout time, and you get stuck with Government “improved” Health Care and The Check.

Congrats. It’s a Whopper (from your own Burger KING). 🙂

Political Cartoons by Henry Payne

Terror Speech, Rick McKee,The Augusta Chronicle,Obama, ISIS, terrorism, terror, San Bernardino

Political Cartoons by Glenn McCoy

 

 

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Death Spiral

Well, this was predictable. It’s just to what degree are the Liberal Media and Obama going to do to hide it…

Obamacare is exhibiting early signs of a “death spiral” as hundreds of insurance plans listed on the federally-run exchanges in 37 states and the District of Columbia request double-digit premium increases for 2016, says David Hogberg, a health care analyst and senior fellow at the National Center for Public Policy Research (NCPPR).

A “death spiral” – which is the insurance pool equivalent of a bankruptcy – occurs when rising premiums force younger, healthier people to drop their insurance coverage due to the increased cost. But their exodus leaves the remaining “risk pool” older, sicker and more expensive to insure than before, necessitating further rate hikes.

Thirteen percent of the people who signed up for Obamacare in 2015 have already been dropped from coverage because many of them failed to pay their share of the subsidized premiums, The New York Times reported. 

And that’s before the premiums on many policies are due to skyrocket next year.

In an Oct. 4, 2008 speech in Newport News, Va., then-Sen. Barack Obama promised that if elected president, he would reform the nation’s health care system, adding that “we’ll start by reducing premiums by as much as $2,500 per family.”

But in 2016, six years after President Obama signed the Affordable Care Act (ACA) into law, Obamacare premiums for hundreds of thousands of Americans will be going up, not down.  

Under the Affordable Care Act, state insurance regulators have until August to decide whether to approve or deny steep premium hikes for next year, which are inducing “sticker shock” even after the U.S. Supreme Court ruled that those enrolled in the federal exchanges were eligible for government subsidies.

“Unfortunately, those polices are on borrowed time,” Hogberg noted. “Eventually, older and sicker customers will purchase those policies, the rates will go up, and the young and healthy will flee the exchanges. At that point the death spiral will be in full gear. The insurance rate hikes for 2016 are just the beginning.”

“In the end, the exchanges are not sustainable, and free-market based reform of our health care system will be necessary,” Hogberg predicted.

According to HealthCare.gov, “the Affordable Care Act (ACA) requires that insurers planning to significantly increase plan premiums submit their rates to either the state or federal government for review. The threshold for this requirement is 10%.”

NCPPR found that 231 plans listed on Obamacare exchanges in 37 states and the District of Columbia have requested double-digit premium hikes of at least 10 percent for 2016, nearly double the number of plans (121) that did so for 2015.  

Another 126 plans want to raise their rates by 20 percent or more in 2016, compared to the 21 plans that made a similar request in 2015.

For example, eight plans listed on the District of Columbia exchange have requested 2016 premium hikes ranging from 10.13% for Group Hospitalization and Medical Services, Inc.’s (GHMSI) BluePreferred Multi-State Plan- Individual to 20.44% for the company’s BluePreferred Multi-State Plan- Small Group policies.

GHMSI cites “projected increases in medical and pharmacy claims due to cost and utilization trend impacts as well as change in projected pool morbidity” as reasons for raising its premiums.

 
 

But some requested rate hikes are much higher.

On April 13, Aetna Life Insurance Co. submitted a request for a 59.71% premium hike for its Aetna Fee for Service-Small Group plan in Virginia, effective Jan. 1, 2016.  This plan is one of 38 that are seeking premium hikes of more than 40 percent for 2016 compared to the zero who made such requests in 2015, according to NCPPR.

“Medical costs are going up and we are changing our rates to reflect this increase,” the company said in its filing, adding that “several requirements related to the Affordable Care Act (ACA) also impact these rates.”

A 55.83% rate hike increase was also submitted by Blue Cross Blue Shield of Minnesota for its “non-grandfathered individual risk pool” affecting 171,000 policy holders.

“In 2014, the ratio of claims to revenue received (excluding potential federal risk corridor payments) exceeded 115% and resulted in an operating loss in excess of $135 million,” the company explained in its filing.

“High claims trends for the first quarter of 2015 reflect an acceleration in costs, suggesting an extremely low probability of lower claims for the balance of 2015. Our responsibility to set plan year 2016 rates at levels that cover all anticipated costs will result in significant price adjustments for all 2016 individual reformed products.”

Drew Altman, president and CEO of the Kaiser Family Foundation, noted in The Wall Street Journal that instead of decreasing health care spending, as Obama promised ACA would do, it is “picking up speed.”

He added that “greater use of health services as well as more people covered by the ACA appear to be responsible for most of the increase.” The double-digit premium requests for 2016 reflect insurers’ belief that this trend will continue next year.

In January 2014, CNSNews.com asked economist John Goodman, former president of the National Center for Policy Analysis, how Americans would know if Obamacare enters a “death spiral.”

“There won’t be any neon signs that say ‘Death Spiral Underway,’ but what you’ll see is premiums keep rising,” he replied. “And if premiums keep rising, then fewer healthy people will buy in and we may get to a point where you need government subsidies to prop the whole thing up.”

May?? 🙂

Political Cartoons by Glenn McCoy
Political Cartoons by Michael Ramirez
Political Cartoons by Glenn McCoy
Political Cartoons by Michael Ramirez

$50,000 Boondoggle-Surprise!

It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization’s new ten-year budget outlook. 

The best-case scenario described by the CBO would result in ‘between 24 million and 27 million’ fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.

The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children’s Health Insurance Program) costs.

Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.

That revenue includes quickly escalating penalties – or ‘taxes,’ as the U.S. Supreme Court described them – on people who resist Washington’s command to buy medical insurance.

It also includes income from a controversial medical device tax, which some Republicans predict will be eliminated in the next two years.

If they’re right, Obamacare’s per-person cost would be even higher.

President Barack Obama pledged to members of Congress in 2009, as his signature insurance overhaul law was being hotly debated, that ‘the plan I’m proposing will cost around $900 billion over 10 years.’

He lied. Gee, what a shock that is!!

It would be a significant discount if the White House could return to that number today.

In that same speech, Obama claimed that there were ‘more than 30 million American citizens who cannot get coverage.’

$900 billion spent on those people would equate to no more than $30,000 each – less than two-thirds of what the CBO now says the program will cost when the dust settles. 

The CBO and the Joint Committee on Taxation, a group of members from both houses of Congress, prepared Monday’s report on the overall direction of the federal budget.

They estimated that ‘the net costs of the coverage provisions of the ACA [Affordable Care Act] will rise sharply as the effects of the act phase in from 2015 through 2017.’

Those costs will ‘rise steadily through 2022′ before leveling off for three years, the groups’ economists determined. But even at that point, the Obamacare program will cost the governemnt ‘about $145 billion’ each year.

That number doesn’t include the insurance premiums and out-of-pocket health care costs paid by Americans – only the government’s role in implementing the law and paying for its guarantees.

And the law will still leave ‘between 29 million and 31 million’ nonelderly Americans without medical insurance, says the CBO.

See, the scam worked. They got socialized medicine and it do anyone any good but it made THEM feel good and they got to control your life! What could be better? 🙂

(Mission Impossible TV Theme): “Good morning Mr. Gruber.  Your mission, should you decide/choose to accept it is to lie your ass off about ObamaCare’s costs and to make sure the CBO gives us a favorable rating no matter what… As always, should you or any of your team be caught or have their lies revealed; the Ministry of Truth will disavow any knowledge of your actions. This tape will self destruct in 5/10 seconds. Good luck Jonathan.”

Political Cartoons by Glenn McCoy

Political Cartoons by Bob Gorrell

 Political Cartoons by Gary Varvel


Dead lines

Political Cartoons by Gary Varvel

“I was really shocked that 64 percent [of uninsured adults] said they haven’t decided if they will purchase insurance by the Jan. 1 deadline,” Adams said. “I was definitely surprised by the high number of people who really have no clue what they’re going to do next year.” 

“We don’t want these consumers to miss this key deadline,” she said, adding that new heath-care exchanges under Obamacare will begin accepting applications for insurance in less than four months. “They’re going to potentially go without health care for the entire year.

Supporters of President Obama’s overhaul of American medicine are touting the early evidence from California’s Obamacare exchange (still under construction) as good news for their side.  But as the Los Angeles Times notes, the Golden State’s version of Obamacare will mean higher insurance premiums and a lower quality of care, as those who use its exchanges to buy federally mandated insurance will encounter not only higher prices but also diminished access to hospitals and doctors. 

 

The Times observes that “one downside for many consumers will be far fewer doctors and hospitals to choose from.”  The Times writes:

“People who want UCLA Medical Center and its doctors in their health plan network next year, for instance, may have only one choice in California’s exchange: Anthem Blue Cross. Another major insurer in the state-run market, Blue Shield of California, said its exchange customers will be restricted to 36% of its regular physician network statewide.

 “And Cedars-Sinai Medical Center, one of Southern California’s most prestigious and expensive hospitals, said it’s not included in any exchange plans at the moment.”

Insurers are also raising their prices in anticipation of additional costs that will come with the arrival of Obamacare, which was supposed to have been the corrective for this sort of thing. The price of health care coverage will surely continue to rise as companies are compelled to accept anyone regardless of risk. It is, after all, the measure of risk that determines the real price of insurance. Not, unfortunately, the intuition of regulators or the wishes of legislators.

As I have said repeatedly for years, mess with Adverse Selection and Health Care is doomed to go up even faster.

Under ObamaCare, the 30-hour workweek may take a cue from the clumsy Dodo bird and disappear — due to clumsy regulation.

If that sounds extreme, just consider: For a worker making $16 an hour for 29 hours per week, the 30th hour of work each week could cost an employer $112.15.

In other words, ObamaCare could cost an employer as much as $96.15 extra an hour — or six times the going hourly wage in this example.

Here’s how: Employers who offer health coverage that is deemed either too pricey or too skimpy will owe $3,000 for each full-time, 30-hour-per-week, worker who taps ObamaCare subsidies.

Because the $3,000 fine is nondeductible, it’s equal to $5,000 in deductible wages for a profit-making firm facing a 40% combined federal and state tax rate.

Simply dividing that $5,000 by 52 weeks yields an ObamaCare cost of $96.15 per hour.

The 31-hour, 32-hour, 33-hour and 34-hour workweeks also may become relatively rare.

For example, ObamaCare could tack on as much as $48 per hour for a worker clocking 31 hours, or two hours beyond ObamaCare’s care-free threshold of 29 hours per week.

Yet, even for those clocking 40 hours, the incremental cost of ObamaCare of $8.74 per hour beyond the 29th hour of work could effectively add 55% to a $16/hour wage.

When it comes to modest-skilled, modest-wage workers in highly competitive industries with low profit margins, employers will be hard-pressed to ignore such cost increases.

Not surprisingly, there’s evidence that employers are already taking steps to dodge ObamaCare’s penalties. Retailers have been cutting hours for nonsupervisory workers at the sharpest rate in more than three decades, Labor Department data show.

Still, there is much uncertainty about just how dramatic the shift to sub-30 hours per week will be. Employers will likely perceive a cost to worker productivity and satisfaction if they depend too heavily on part-timers. However, the pressure to keep prices low or risk losing business may limit flexibility.

A big unknown is the extent to which workers who are eligible for ObamaCare subsidies will opt to sign up. Doing so will require those earning 200% to 300% of the poverty level to fork over 4% to 7% of income for a bronze plan.

Some employers are betting young, low-income workers won’t. As an enticement to keep ObamaCare participation low, some firms are preparing to offer their workers “skinny” coverage for basic expenses like doctors visits and generic drugs as an alternative to paying a tax penalty.

Still, it will be harder for employers to escape ObamaCare costs for older workers, who would take on bigger risks by going without insurance. The result may be that older workers will be the most likely to see their hours reduced below 30.

The lowest earners also will be extremely likely to see their hours cut. For example, a worker earning $8 per hour would have to pay just $79 a year to get ObamaCare’s subsidized bronze-level plan, according to Kaiser Family Foundation’s health subsidy calculator. That’s less than the potential tax penalty.

Even spreading the cost of ObamaCare’s wage-equivalent penalty of $5,000 over a 40-hour workweek would effectively raise the minimum full-time wage by $2.40 an hour.

Yet this is among the worst approaches for raising a low-earner’s take-home pay because it is one that employers can avoid — but only if they punish the worker by limiting hours of work. (Andrew Malcolm)

So you’ll have expensive health insurance, but you’ll have a smaller paycheck!

Such a Deal!!

Political Cartoons by Steve Kelley

 Political Cartoons by Nate Beeler

The Cost of Liberalism

The Obama administration’s new plan to grant temporary work permits to many young, illegal immigrants who otherwise could be deported may cost more than $585 million and require hiring hundreds of new federal employees to process more than 1 million anticipated requests, according to internal documents obtained by The Associated Press.

The Homeland Security Department plans, marked “not for distribution,” describe steps that immigrants will need to take — including a $465 paperwork fee designed to offset the program’s cost — and how the government will manage it. Illegal immigrants can request permission to stay in the country under the plan by filing a document, “Request for Deferred Action for Childhood Arrivals,” and simultaneously apply for a work permit starting Aug. 15.

The plans estimated that the Homeland Security Department could need to hire more than 1,400 full-time employees, as well as contractors, to process the applications. (KFYI)

I guess that’s one way to create jobs. But they are GOVERNMENT public sector jobs paid for by taxpayers (the few we have left).

A spokesman for the Homeland Security Department, Peter Boogaard, said the plans were “preliminary documents” and the process is still being worked out. Mr. Boogaard said processing immigrant applications under the program “will not use taxpayer dollars” because of the fees that will be collected.

“We anticipate that this will be a fee-driven process,” Homeland Security Secretary Napolitano said.

REALLY! The Liberals are going to collect Fees from illegals! Who’s kidding who here. They are going to collect them from “poor” hispanics. That I want to see. 🙂

Fee waivers could dramatically affect the government’s share of the cost. The plans said that, depending on how many applicants don’t pay, the government could lose between $19 million and $121 million. Republican critics pounced on that.

“By lowering the fee or waiving it altogether for illegal immigrants, those who play by the rules will face delays and large backlogs as attention is diverted to illegal immigrants,” said House Judiciary Committee Chairman Lamar Smith, Texas Republican. “American taxpayers should not be forced to bail out illegal immigrants and President Obama’s fiscally irresponsible policies.”

Business owners will pay $4 billion more in taxes under President Obama’s Affordable Care Act (ACA) than the Congressional Budget Office had previously expected.

In short, CBO revised the Obamacare tax burden upward by $4 billion for businesses and $1 billion to $1.5 billion for individual workers.

The report dubs the individual mandate a “penalty tax” — that is, “a penalty paid to the Treasury by taxpayers when they file their tax returns and enforced by the Internal Revenue Service.”

But don’t worry, it’s not a tax. And that money won’t be passed down to the consumers.
🙂
Then there are the four deadliest words in the Obama Language… “Let Me Be Clear”. Bend over you’re about to get a telephone pole rammed up your ass!
2010: “Let me be clear: If you like your doctor or healthcare provider, you an keep them. If you like your health care plan, you can keep that too.”

About one in 10 employers plan to drop health coverage when key provisions of the new health care law kick in less than two years from now,

While small business don’t face fines for failing to offer coverage, companies with 50 or more full time employees face a penalty starting at $2,000 per worker.

Deloitte Consulting conducted the study between February and April — before the Supreme Court upheld most of the law — and surveyed corporate and human-resources executives from 560 companies currently offering benefits.

In contrast, the Congressional Budget Office has estimated that around seven percent of workers could lose coverage under the law by 2019.

And what of the cost of those 1700+ waivers to Obama’s apparatchiks? Hmm…

When President Obama was selling health reform, he often talked about providing universal coverage. But a Congressional Budget Office report out this week finds that goal getting more elusive.

The report found that despite ObamaCare’s $1.2 trillion price tag, it would only cut the ranks of the uninsured in half, leaving 30 million without coverage. That’s seven million more uninsured than the CBO first projected in March 2010.

The latest downgrade comes in the wake of the Supreme Court ruling, which gave states the freedom to reject ObamaCare’s massive expansion of Medicaid. Since then, governors in more than 25 states have said they will refuse to expand Medicaid or are leaning in that direction, despite the generous federal contributions.

But the uninsured problem under ObamaCare could be much worse than the CBO projects.

What the report doesn’t cover is the fact that the other legs of the ObamaCare stool designed to expand insurance coverage — the individual mandate, the employer mandate and the state insurance exchanges — are also buckling.

As a result, ObamaCare will likely cover far fewer uninsured than advertized. There’s even a chance that, if all goes wrong, it could actually make the uninsured problem worse.

The individual mandate, for example, is a cornerstone of ObamaCare’s effort to expand coverage. But tax experts who’ve studied how the IRS will enforce the mandate conclude that it’s likely to be ineffective, because the law makes it virtually impossible for the IRS to collect the tax penalty from those who don’t pay it.

Under normal circumstances, the IRS has broad powers to collect taxes from those who don’t pay what they owe. It can charge civil and criminal penalties, impose liens, and seize assets and bank accounts.

But ObamaCare specifically blocks the IRS from using these enforcement tools when it comes to collecting any unpaid ObamaCare tax penalties.

These restrictions “make it unlikely the IRS can effectively enforce the individual mandate,” according to a detailed analysis of the tax penalty by Jordan Barry and Bryan Camp, law professors at the University of San Diego and Texas Tech University, respectively.

“The individual mandate,” they conclude, “may not actually be mandatory after all.”

The problem is that if the mandate doesn’t work, ObamaCare could make the uninsured problem worse, at least in the individual insurance market.

That’s because ObamaCare’s insurance market reforms — called “guaranteed issue” and “community rating” — force insurers to cover anyone, regardless of their health status, while forbidding them from charging the sick more than the healthy. (IBD)

WNEW News reports that  (James “The Joker”) Holmes was awarded a prestigious grant from the National Institutes of Health in Bethesda, Md. NIH is part of the U.S. Department of Health and Human Services.

It gave the graduate student a $26,000 stipend and paid his tuition for the highly competitive neuroscience program at the University of Colorado in Denver. Holmes was one of six neuroscience students at the school to get the grant money.

List Of Failed Green Energy Jobs & Companies – By Obama

Update: 7/19/12: The Amonix Solar: FAIL – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.

  • Solar Trust of America: FAIL – Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
  • Bright Source: FAIL – Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Can you say, “This isnt working?”
  • Solyndra: FAIL – Obama gave Solyndra $500,000,000 in taxpayer money and Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses due to failure to make a solar product that works!
  • President Obama rubbed elbows Monday night with two men at the center of the Solyndra loan scandal at an exclusive fundraiser in California.

    Steve Westly, a financier whose money-raising prowess helped to snag him a post on the administration’s energy advisory board, and Matt Rogers, a former Energy Department senior adviser who helped to approve the Solyndra loan, were spotted by reporters at the $35,800-per-person fundraiser for the president’s re-election campaign.

  • LSP Energy: FAIL – LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
  • Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
  • Abound Solar: FAIL – Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
  • SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling…
  • Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
  • Ecotality: FAIL – ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
  • A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
  • UniSolar: FAIL – Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business
  • Azure Dynamics: FAIL – Azure Dynamics files for bankruptcy in June ter millions in Obama “Stimulus”
  • Evergreen Solar: FAIL – Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy
  • Ener1: FAIL received more than $100 million in government funding from the Obama administration filed for bankruptcy January 2012

Update:  In May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas Wednesday to declare he’s doubling down on failed federal efforts to boost the solar industry which has NEVER proven to produce a single working product. Like Socialism, no evidence ot works, but they just keep doubling down on the failed ideals!.

Because they have “good” intentions and if they just try hard enough and spend enough money it will work…eventually… 🙂

So what if the record is 0 for $6 Trillion in taxpayer debt in less than 4 years. So what if less people are working now than 4 years ago. So what if more people more people than ever are dependent on the government dole (that is paid by less and less taxpayers).

They have the moral high ground, in their own minds, so they are just better than you grubby little capitalist bastards.

Obama Fails on Energy

On March 22 Obama announced an offer of up to $35 million over three years to support research and development in advanced biofuels, bioenergy, and high-value biobased products. These types of fuels are 20 plus years away from practical use.  On that same day the White House announced a $14.2 million DOE effort to accelerate the development and deployment of stronger and lighter materials for advanced vehicles which will not be available for 20+ years.The initiatives, which are doomed to failure,  are aimed at reducing U.S. dependence on foreign oil and limit carbon pollution.  But carbon pollution data is based on false data and the United States has more oil than Saudi Arabia and would make America energy independent for 200 years. But Democrats and Obama could care less about these facts.

Because it “feels” good. They have “good” intentions. So you’re just angry, mean old troll who’s in the pocket of evil rich oil people who want to rape and destroy the planet if you disagree.

Lip Reading: “all this for a flag?”

Perhaps Mrs. Obama thinks that all the pomp and circumstance she experiences in her daily life has something to do with her, rather than the unofficial office she holds.

Well, I guess it’s off on another $100,000 jaunt to an exotic location for her. And another round of golf and a fundraiser (AT $40,000 a plate) for Michelle “Marie Antoinette” Obama and her Husband The Emperor King.

NOVEMBER IS COMING

Political Cartoons by Michael Ramirez

Political Cartoons by Chip Bok

The Liberal Goebbels Constitution

Political Cartoon

The hysterical Left has hit a new low of silliness. And you thought that was impossible. 🙂

ObamaCare is now not only a “Civil Right” it is also “Unconstitutional” and will kill people if we repeal it!

OH NO!! THE SKY IS FALLING! THE SKY IS FALLING!!

Yes, really!

Sheila Jackson Lee (D-TX): Arguing that the Commerce Clause provides the constitutional basis for ObamaCare, Jackson Lee said repealing the law by passing Republicans’ H.R. 2 violates both the Fifth Amendment’s right to due process and the Fourteenth Amendment’s equal protection clause.

“The Fifth Amendment speaks specifically to denying someone their life and liberty without due process,” she said in a speech on the House floor moments ago. “That is what H.R. 2 does and I rise in opposition to it. And I rise in opposition because it is important that we preserve lives and we recognize that 40 million-plus are uninsured.”

“Can you tell me what’s more unconstitutional than taking away from the people of America their Fifth Amendment rights, their Fourteenth Amendment rights, and the right to equal protection under the law?”

House Majority Whip James E. Clyburn called health-care reform “the Civil Rights Act of the 21st century”

So it’s a Civil Right now!! And we all know what taking away civil rights means?

YOU’RE A RACIST!! 🙂

You are guaranteed the right to have the government Mandate you must  buy Health Insurance or you will be fined by the IRS!!

Congratulations!

It’s a Civil Right for the Government to decide who lives and who dies! And whether your life is of sufficient “benefit” to society!

HURRAY!

It’s Unconstitutional for you to be responsible for your own life. The Democrats have to run it for you!!

To paraphrase our new favorite whacko Leftist, Rep. Cohen and his friend Josef Goebbels tell a lie often enough and people will start to believe it:
Hmmmmmmm..you mean like;
“Global Warming is caused by man”? Or maybe ” Obamacare will lower insurance costs”?  or “reduce the deficit” Or how about, ” We will have the most Transparent Congress ever”? and Let’s Not forget “If you like your doctor , you can keep your doctor”

And the all-time champ, the Health Care Mandate is “not a tax” but it is always defended by the Commerce Clause which means it’s a TAX! 🙂

“I guess they don’t advance civility per se, but I believe telling lies is uncivil. I think somebody needs to stand up to the lies that are being told.”– Rep Cohen.

And speaking of our favourite Whacko in Congress, he just can’t stop himself. Like most of the extreme Left who just can’t control their urges, The Nazi references come first, so what’s next in line: THE KKK.

Also in the interview Cohen stood by equally uncivil remarks he made last April when he compared the Tea Party to the KKK. (“The tea party people are kind of without robes and hoods. They have really shown a very hardcore angry side of America that is against any type of diversity. We saw opposition to African-Americans, hostility towards gays, hostility towards anyone who, you know, just wasn’t a clone of George Wallace’s fan club.”) He said the two movements arose from similar circumstances because both wanted “their power back.”

Rep. Cohen on Anderson Cooper 360 (CNN): “There were people who were out of power and they wanted their power back. The Klan after the Civil War was upset that the African Americans had been given the right to vote and many of them were in office and they didn’t like it. And they wanted to form to get back their own government. They wanted to take back their government. And the Tea Party feels like they are out of power with President Obama, that’s where they started, and they want to take back their government. Now without robes and hoods they’re not out doing things like the Klan did, but they got formed the same kind of way. They were people who had been disposed from being the power group and wanted to take it back.”

The Democrats from 1996 to 2008 when they were “out of power” are exempted of course!! 🙂

Cooper rebutted, “You can compare them to any populist movement, comparing them to the KKK seems incendiary. It seems deeply offense to hundreds of thousands of people who are in the Tea Party”

Like Rep. Cohen cares! He wants to repeat his lies often enough so you’ll believe them!

And don’t tell him that the Republican Party was born as an anti-slavery party and that the KKK was mostly Southern DEMOCRATS.

Oh no! Facts are holy water to Liberal vampires who just want to perpetuate their uncivil hatred of those who oppose their greatness.

“I won’t say it again, but I was right,” he said. -Rep Cohen

You just can’t make this stuff up.

Rep.  John Lewis (D-GA): “Well, when you start off with the Preamble of the Constitution, you talk about the pursuit of happiness,” said Lewis. “You go to the 14th Amendment–it’s equal protection under the law and we have not repealed the 14th Amendment. People have a right to have health care. It’s not a privilege but a right.”

The Preamble of the Constitution states, “We the People of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.”

IT IS NOT IN THE CONSTITUTION YOU LOON! (anyone seeing the 14th Amendment talking point yet, BTW?)

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

It is the preamble to THE DECLARATION OF INDEPENDENCE!

But I’m sure we have “misquoted” him. 🙂

Then he trotted out the thouroughly ridiculous “well you are required to have auto insurance” canard too!

That was thoroughly discredited by me over a year ago in 1 sentence!

If you don’t have a car, you don’t need or are required by law to have auto insurance!

Q.E.D.

For More: https://indyfromaz.wordpress.com/2009/10/01/the-bad-analogy/

But truth,facts, and lies never stop the LEFT from trying to perpetuate itself and insinuate itself in every aspect of your life and tell you they can do it better than you and if you don’t believe them, well, they’ll just force it on you for your own good.

So just keep repeating it to yourself until you believe it.

Now don’t you feel better! 🙂

Political Cartoon

Political Cartoon

Political Cartoon

Political Cartoon

Political Cartoon