Category Archives: Poor
October 15, 2013 at 6:30 am by Amy Payne
Timing is everything. And just as Congress’s focus seems to be drifting from Obamacare’s ravages on the economy, Americans are learning the reason this law’s implementation was postponed until after the presidential election.
That reason is becoming clear as person after person opens the mail. Insurance costs are going up. For many, not just going up—skyrocketing.
Ross, a married father of three small boys in Florida, tells us his insurance will be going up $525 per month. “I feel completely helpless,” he says.
Kevin, who also has three small boys, just found out his wife’s individual health insurance premium will be jumping from $79 per month to $311.82 per month.
“For whom exactly is the Affordable Care Act making care affordable?” asked Kevin, who lives in Alabama.
But this isn’t all. While people are receiving notices that their premiums are going up or perhaps their health plans are being discontinued, there’s a secret in Obamacare’s exchanges, too.
One of the reasons the Obamacare website has been so slow and glitchy? It requires people to enter personal information before they’re able to see insurance plan options. Health and Human Services does this so that if you’re eligible for a subsidy, you won’t see the true cost of your health plan.
Obamacare is laden with mandates that are driving up the cost of health insurance. And it didn’t stop with the original law. Federal bureaucrats are continuing to write more Obamacare regulations. One estimate is that these paper pushers have added 30 words of regulations for every word in the original law.
No small tweak to Obamacare can fix this. No small tweak can give relief to these hard-working dads who are supporting their families and getting the wind knocked out of them by hundreds of dollars in insurance hikes.
If Congress does anything less than defund Obamacare, it is turning its back on all of these suffering Americans.
Read the Morning Bell and more en español every day at Heritage Libertad.
- How close is Congress to a shutdown-ending deal?
- Meet the new face of Google advertising: You.
- Another big technology company is banning working from home.
- “Black Friday” sales keep starting earlier and earlier… on Thanksgiving Day.
- This reporter has been trying for two weeks—unsuccessfully—to log on to the Obamacare website.
At the U.N., leaders hope for a return of American greatness.
By PEGGY NOONAN
The world misses the old America, the one before the crash—the crashes—of the past dozen years.
That is the takeaway from conversations the past week in New York, where world leaders gathered for the annual U.N. General Assembly session. Our friends, and we have many, speak almost poignantly of the dynamism, excellence, exuberance and leadership of the nation they had, for so many years, judged themselves against, been inspired by, attempted to emulate, resented.
As for those who are not America’s friends, some seem still confused, even concussed, by the new power shift. What is their exact place in it? Will it last? Will America come roaring back? Can she? Does she have the political will, the human capital, the old capability?
It is a world in a new kind of flux, one that doesn’t know what to make of America anymore. In part because of our president.
“We want American leadership,” said a member of a diplomatic delegation of a major U.S. ally. He said it softly, as if confiding he missed an old friend.
“In the past we have seen some America overreach,” said the prime minister of a Western democracy, in a conversation. “Now I think we are seeing America underreach.” He was referring not only to foreign policy but to economic policies, to the limits America has imposed on itself. He missed its old economic dynamism, its crazy, pioneering spirit toward wealth creation—the old belief that every American could invent something, get it to market, make a bundle, rise.
The prime minister spoke of a great anxiety and his particular hope. The anxiety: “The biggest risk is not political but social. Wealthy societies with people who think wealth is a given, a birthright—they do not understand that we are in the fight of our lives with countries and nations set on displacing us. Wealth is earned. It is far from being a given. It cannot be taken for granted. The recession reminded us how quickly circumstances can change.” His hope? That the things that made America a giant—”so much entrepreneurialism and vision”—will, in time, fully re-emerge and jolt the country from the doldrums.
The second takeaway of the week has to do with a continued decline in admiration for the American president. Barack Obama‘s reputation among his fellow international players has deflated, his stature almost collapsed. In diplomatic circles, attitudes toward his leadership have been declining for some time, but this week you could hear the disappointment, and something more dangerous: the sense that he is no longer, perhaps, all that relevant. Part of this is due, obviously, to his handling of the Syria crisis. If you draw a line and it is crossed and then you dodge, deflect, disappear and call it diplomacy, the world will notice, and not think better of you. Some of it is connected to the historical moment America is in.
But some of it, surely, is just five years of Mr. Obama. World leaders do not understand what his higher strategic aims are, have doubts about his seriousness and judgment, and read him as unsure and covering up his unsureness with ringing words.
A scorching assessment of the president as foreign-policy actor came from a former senior U.S. diplomat, a low-key and sophisticated man who spent the week at many U.N.-related functions. “World leaders are very negative about Obama,” he said. They are “disappointed, feeling he’s not really in charge. . . . The Western Europeans don’t pay that much attention to him anymore.”
The diplomat was one of more than a dozen U.S. foreign-policy hands who met this week with the new president of Iran, Hasan Rouhani. What did he think of the American president? “He didn’t mention Obama, not once,” said the former envoy, who added: “We have to accept the fact that the president is rather insignificant at the moment, and rely on our diplomats.” John Kerry, he said, is doing a good job.
Had he ever seen an American president treated as if he were so insignificant? “I really never have. It’s unusual.” What does he make of the president’s strategy: “He doesn’t know what to do so he stays out of it [and] hopes for the best.” The diplomat added: “Slim hope.”
This reminded me of a talk a few weeks ago, with another veteran diplomat who often confers with leaders with whom Mr. Obama meets. I had asked: When Obama enters a room with other leaders, is there a sense that America has entered the room? I mentioned de Gaulle—when he was there, France was there. When Reagan came into a room, people stood: America just walked in. Does Mr. Obama bring that kind of mystique?
“No,” he said. “It’s not like that.”
When the president spoke to the General Assembly, his speech was dignified and had, at certain points, a certain sternness of tone. But after a while, as he spoke, it took on the flavor of re-enactment. He had impressed these men and women once. In the cutaways on C-Span, some delegates in attendance seemed distracted, not alert, not sitting as if they were witnessing something important. One delegate seemed to be scrolling down on a BlackBerry, one rifled through notes. Two officials seated behind the president as he spoke seemed engaged in humorous banter. At the end, the applause was polite, appropriate and brief.
The president spoke of Iran and nuclear weapons—”we should be able to achieve a resolution” of the question. “We are encouraged” by signs of a more moderate course. “I am directing John Kerry to pursue this effort.”
But his spokesmen had suggested the possibility of a brief meeting or handshake between Messrs. Obama and Rouhani. When that didn’t happen there was a sense the American president had been snubbed. For all the world to see.
Which, if you are an American, is embarrassing.
While Mr. Rouhani could not meet with the American president, he did make time for journalists, diplomats and businessmen brought together by the Asia Society and the Council on Foreign Relations. Early Thursday evening in a hotel ballroom, Mr. Rouhani spoke about U.S.-Iranian relations.
He appears to be intelligent, smooth, and he said all the right things—”moderation and wisdom” will guide his government, “global challenges require collective responses.” He will likely prove a tough negotiator, perhaps a particularly wily one. He is eloquent when speaking of the “haunted” nature of some of his countrymen’s memories when they consider the past 60 years of U.S.-Iranian relations.
Well, we have that in common.
He seemed to use his eloquence to bring a certain freshness, and therefore force, to perceived grievances. That’s one negotiating tactic. He added that we must “rise above petty politics,” and focus on our nations’ common interests and concerns. He called it “counterproductive” to view Iran as a threat; this charge is whipped up by “alarmists.” He vowed again that Iran will not develop a nuclear bomb, saying this would be “contrary to Islamic norms.”
I wondered, as he spoke, how he sized up our president. In roughly 90 minutes of a speech followed by questions, he didn’t say, and nobody thought to ask him.
Posted in Drone, Eco-socialism, Economic collapse, Economic interventionism, Economic planning, Economic policy, Energy, Energy Economic Zone, Fiat Currency, Fiscal Cliff, Foreign Policy, Fossil Fuels, Fraud & Corruption, GEOPOLITICS, Graphic of the Day, Indefinite Surveillance, Martial Law, Medicare, Modern Monetary Theory, Money Game, National Security, NDAA, NSA, Obamanomics, One and Done, Pay to play, Political economy, Poor, Pork, Progressive "nudge", Progressive Agenda, Robin Hood Tax, Shadow Government, Side Effects, Social Security, Special Reports, Targeting, Tax Payer's Dime, Terrorism, Tyranny, UnAmerican, United States, War's
OBAMA WANTS TO DESTROY AMERICA! Watch this video and forward the link to your friends who still believe in America. Video content by Free Market America.
- Krauthammer: Obama’s Not Trying to Fix Our Fiscal Problems, He’s Trying to Destroy Republicans (Video) (thegatewaypundit.com)
- Gingrich Attacks House Republicans For Negotiating With President Obama (alan.com)
- Pravda: Illiterate society reelected Obama (dprogram.net)
- Obama’s Objective is Transforming an Unjust America, Not Economic Growth or Averting a Recession (rushlimbaugh.com)
- Warning: Barack Obama may be intentionally destroying our economy (conservativeread.com)
Posted in Agenda 21, AMERICAS, Drone, Eco-socialism, Economic collapse, Economic interventionism, Economic planning, Economic policy, Energy, Energy Economic Zone, Fiscal Cliff, Foreign Policy, Fossil Fuels, Fraud & Corruption, Martial Law, Medicare, NDAA, North America, Obamanomics, Poor, Progressive "nudge", Progressive Agenda, Shadow banking, Shadow Government, Social Security, UnAmerican, United States
Tags: Barack Obama, Democratic Party, Department of the Interior, energy, gulf of mexico, Harry Reid, Interior secretary ken Salazar, Nancy Pelosi, News, Obama, Obama administration, Offshore drilling, President, President Obama, Senator Harry Reid, United States
November 7, 2012
By: David Light
The far left, socialists and communists have attacked the USA from within for years and, with this election, have succeeded in changing our once great Republic, into a Socialist state. The tipping point has been reached.
Many factors contributed to our demise, the indoctrination of our youth being just one of them. Radicals of the sixties became entrenched in our colleges and universities and left leaning unions corrupted our K-12 school teachers (not all, but enough). Curriculums were changed, substituting social welfare subjects for history, thus eliminating any reference our children may have had of the greatness of our Country’s past and the meaning of our Constitution, our Republic and our capitalist society.
The conscious willingness by our leaders to refuse to protect our borders has destroyed the fundamental of assimilation that was the hallmark of our formal immigration policy. We have now become a come one, come all squatter society that is creating a drain on our once great economy. By failing to restrict voting to citizens only, the far left has created just another block to pander to.
The administration has spent millions advertising their mortgage bailouts, free phones, food stamp, disability and welfare programs in order to create an ever increasing entitlement society, the basis of a Socialist state.
This election has also been a tipping point for the left leaning media. Not even pretending to perform investigative reporting on Fast and Furious, and the Benghazi attack, and actually hiding damaging information from the public, they have become just another arm of the far left establishment. A candidate fighting and beating an incumbent is extremely difficult, but at the same time, by having your campaign being sabotaged by the MSM, it becomes nearly a hopeless task.
We now have entrenched in our national political structure, far left ideologues who are students of Cloward-Piven, and Saul Alinsky, proponents of the theory of doing whatever it takes to achieve a goal. For months the President’s campaign bombarded the airways in the swing states with character assassination ads and the President lied repeatedly in the debates with no rebuke from the media. No one will ever know the effects of the Romney votes that mysteriously came up Obama on a number of touch screens across the country or other shenanigans perpetrated by the myriad of voter registration organizations formerly known as ACORN.
And, although the House of Representatives is still in the hands of the opposition party, it has been weakened by the seemingly unlawful acts of Harry Reid in the Senate who has blocked every attempt by the House to get a budget passed, a legal requirement that would negate the necessity for continuing resolutions raising the debt ceiling in order to keep the government running. This tactic is being used to demonize those heartless Republicans when they fight to keep our taxes and spending down. Additionally, the President has taken it upon himself to create legislation through Executive orders and EPA and other agency regulations, thus circumventing Congress, a tactic many believe is unconstitutional.
Can any of this be reversed? No one knows, but the tipping point has been reached.
Suggested by the author:
- The MSM, Barack Obama, Saul Alinsky, and the price of denial
- Election 2012: President Barack Obama wins re-election
- Newark Mayor Booker softens criticism of Obama campaign tactic
- Democrat Nazi tactics asking Americans to spy and dig up dirt on Republicans
- The tipping point has been reached (republicmainstreet.wordpress.com)
- Who Is Barack Hussein Obama? And What Is He Really Up To? (americanthinker.com)
- Obama’s Banker’s Policy Strategy Is To Put All Of America Into Jail: Barry Taught “Destroy Middle Class”! (politicalvelcraft.org)
- Rep. Allen West Ascribes Saul Alinsky Conspiracy Theory to Lower Unemployment Rate (redalertpolitics.com)
- Welcome To The New United Socialist Paradise States Of America (buzzfeed.com)
- Obama Taught “Destroy Middle Class” (righttruth.typepad.com)
Posted in AMERICAS, Cartoon of the Day, Cultural Revolution "FORWARD", Drone, Drug Cartel's, Eco-socialism, Economic collapse, Economic planning, Economic policy, Fiscal Cliff, Foreign Policy, Fossil Fuels, Fraud & Corruption, Graphic of the Day, Medicare, National Security, NDAA, North America, ObamaCare, Obamanomics, Political economy, Poor, Pork, Progressive "nudge", Progressive Agenda, Social Security, Tax Payer's Dime, Tax Policy, Terrorism, UnAmerican, United States, United States Constitution
By Jim Mullen
Barack Obama is the most anti-traditional, anti-business, and anti-capitalist President in American history. His every speech and press release begin by stridently repeating every loser’s refrain, “It’s not my fault,” quickly followed by incessant rants of class warfare. It’s evident to even the most disinterested observer that Barack Obama does not like this country and its Constitution.
He derides Republicans about what he calls their trickle-down economics. Truth is he has the only trickle-down economic plan. He seizes money from job-creators, the successful, and the producers in America, and then filters the money through a monstrous federal government. The little remaining money subsequently filters down, and Obama redistributes it to his handpicked voting blocs of Democrats and “Obama-crony Capitalists.” While he preaches against the fat cats of Wall Street, Obama set records for accepting campaign money from those on Wall Street willing to play by his Marxist rules.
This President’s economic policies led the nation into a financial quagmire that stunted national growth beyond anything seen since the Great Depression. Over 23 million people are looking for work with over a million fewer people working today than when Obama took office. Welfare and disability rolls soared to record levels in the last four years, and government is increasingly institutionalizing the once proud American populace. One thing he is accomplishing with great proficiency – gaining Marxist control over industry and the American people.
Entrepreneurs who were dreamers of the possible built this nation, not dreamers of more government control, higher taxes, and massive regulations. They knew that self-sacrifice, hard work, determination, and the free American spirit were the constitutionally guaranteed keys to unlock the door of success.
The free-enterprise system so hated by Barack Obama, fed more of the world’s people, provided greater opportunities for all Americans, and helped them achieve their dreams of prosperity more than any other system on earth. Obama is tearing down everything that built this country because he knows that economic and personal freedoms are the antithesis to Marxism. Amazingly, we have a President of the United States who believes the entire system is evil, and that he is ordained to oversee its destruction.
Gasoline prices under Obama have more than doubled, placing an incredible extra financial burden on low and middleclass Americans; not to mention stifled job creation. The increase is, in large part, the result of his fanatical refusal to issue new drilling permits and by rejecting the Canadian pipeline.
Obama’s entire energy policy consists of killing carbon-based energy and sticking taxpayers with a multi-billion dollar solar energy swindle. This radical’s idea is to increase the cost of oil, coal, and gas to a point where his almost comical solar energy con job is competitive. Another four years of his war on coal, and his refusal to allow new oil exploration will in his words, make energy prices “skyrocket” even more.
The national debt and the deficit exploded during his abysmal days in the Oval Office. Just paying the interest on the debt will be an insurmountable burden on the nation’s youth. When interest rates rise, as they assuredly will, the burden will double or triple. Paying interest on the debt will very soon be the single largest item in the federal budget.
Obama in his first term ignored Congress and created his own laws by executive decree. He steadfastly refused to enforce the laws of the land but had no compunction about instituting lawsuits against American states and their people for simply defending themselves by enforcing the law.
Barren of any solutions to real problems facing this country, and primed for attacking his critics, Obama’s tactics always involve using Saul Alinsky’s rules for radicals. His favorite is Rule 5: “Ridicule is man’s most potent weapon.” Stinging from the first presidential debate humiliation, Obama struck back like all cowards by attacking the conqueror with his brave mouth. Now, when addressing his left-wing supporters, mocking and ridiculing Mitt Romney are his ideas of bravery, policy, and debating skill. Since he had no other defense for his record, in the next two debates he simply saved time by sneering, deriding, and ridiculing Romney in front of the world. The President’s desperate, self-indulgent displays are typical Obama arrogance, this time on display for the world to see.
In every debate, left without his Teleprompter, brazen attacks and lying are his only defense of the extreme, leftist policies that left America in this state of devastation. The more that Obama and liberal Democrats stray from reality and facts, the greater the need for lies, propaganda and derision.
One must believe the country is fed up with the childlike antics and unimaginable, spontaneously-combustible rants of Joe Biden. The longer he’s in office the more he becomes unhinged. The cartoonish vice President represents the other half of a presidency that is so predictably unstable as to threaten the personal liberty and fortunes of the American people at home and abroad. In the end, this economically anemic duo of Obama and Biden jeopardize the existence of the United States as a free and independent Republic.
Americans have heard enough excuses, blame, class warfare, and race baiting. They’ve seen enough welfare, unemployment, food stamps, social justice, and income redistribution. They’ve seen all they care to of catering to the slugs of society using taxpayers’ money to buy votes.
On the domestic front, Obama will continue his victimization of the American people and our country’s condition will deteriorate further with four more years of leftist rule. Liberal judge appointments to all federal courts and the Supreme Court will help transform this country into something unrecognizable by the Founders. Obama will consider a win in November as justification to implement more of his radical agenda and create additional presidential laws like legitimizing the remaining tens-of-millions of illegal aliens.
In international policies, Obama’s plans are to place the United States under the autonomy of NATO and the American-hating United Nations, by using the banner of national security. Both organizations exist only because of the billions of dollars forcefully extracted from American taxpayers, and the sacrifices of our young people in the military. A military compelled to serve under another flag, not the American flag under which they agreed to serve. All of this while he guts defense spending, leaving the country open to attacks by bullies around the globe.
The saintly aura fashioned by the media around Barack Obama is gone. The only glow emanating from this White House is the reek of ugly, Chicago-style, corrupt politics and failed Marxist-socialist policies. Americans discover that after his first presidential stint, they’re left with a bitter, hate-filled President who dictates with lies, cover-ups, misinformation, and disinformation after promises of the most transparent administration in history.
- No, Obama does not have a jobs plan (mb50.wordpress.com)
- Are the media protecting Obama, pre-election, from the full impact of the Benghazi story? (althouse.blogspot.com)
- Snark, interruptions, ‘derisive sneering’ (wnd.com)
- Conservative bloggers unite to defeat Obama (conservativesonfire.wordpress.com)
Posted in AMERICAS, Benghazi Cover up, Cartoon of the Day, Crony Capitalism, Cultural Revolution "FORWARD", Drone, Eco-socialism, Economic collapse, Economic interventionism, Economic planning, Economic policy, Energy, Fossil Fuels, Fraud & Corruption, Medicare, NDAA, North America, ObamaCare, Obamanomics, One and Done, Pay to play, Political economy, Poor, Progressive "nudge", Progressive Agenda, Social Security, Tax Payer's Dime, Tax Policy, UnAmerican, United States
Tags: anti-business, anti-capitalist, anti-traditional, Barack Obama, derision, Joe Biden, lies, need, News by topic, Obama, Obama administration, Oval Office, President Obama, propaganda, Saul Alinsky, United State, Wall Street
September 14, 2012
The ECB is now backed by the 500 billion euro European Stability Mechanism facility, which has been ratified by the German parliament. This is a game-changer for Europe, as now it is finally moving toward a federalist system, similar to the one in the United States. This measure has been successful in bringing down the bond yields for Spain, Italy and Ireland to a very manageable level. And it is likely that those central banks might not even need to tap the ESM.
The big surprise this week, however, came from the Federal Reserve.
The Fed has decided to go all-out in fueling the next massive asset bubbles through its QE3 bazooka. The Fed announced plans to buy $40 billion worth of mortgage securities per month on an open-ended basis, while continuing to reinvest its income from the securities purchased during QE1 and QE2.
The following statement from the Fed shows its clear intent to support its mandate of full employment. But I fail to see how it will manage to do that “in the context of price stability” while creating asset price inflation through unabashed QE programs.
If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.
This new move by the Fed is unleashing massive amounts of money into the risk assets. Markets will now believe that, between the ECB and the Fed, all tail risks to the markets have gone.
In other words, this could mean that all the money that was hiding in the safety of U.S. Treasuries will now leave the Treasury markets and flow into equities and commodities.
If so, I would not be surprised to see a parabolic move into year-end in both gold and equities that could take the S&P 500 to 1,650 and gold to $2,000 per troy ounce by year-end.
Now here is the dangerous side to this equation. This rally will also lead oil and grains to new highs, which will results in higher gas prices at the pump and food prices at the grocery store. While employment and wages are still low, this will hurt the working class.
This massive and irresponsible Fed stimulus package by Ben Bernanke & Co. will make the rich richer by fueling their asset portfolios and bringing loads of misery to the poor, who will find it harder to make ends meet.
Besides the poor, this latest move also declares war on the retirees or those who subsist on fixed income returns from bonds. With the Fed’s monetary policy stuck at zero for another three years at least and more Federal money creating artificial demand for fixed income assets, yields will not rise for quite a while. This means that the coupons on newly issued government and agency bonds will be stuck at below inflation rates.
Another debilitating aspect of the latest round of QE is that by removing coupon generating bonds from the monetary system, it reduces the amount of money in the economy, thus reducing aggregate demand.
In summary, QE will reduce net savings of U.S. dollar holders and increase paper wealth in terms of higher equity market valuations.
While the initial reaction of the markets has been to sell the U.S. dollar, fewer U.S. dollars as a result of QE will result in the dollar eventually rallying hard, especially against the EUR. My target will be around 1.3500 before EUR/USD starts heading back down towards parity.
- In A Sudden Twist, A New Group Of Economists Are Blaming Bernanke For The Great Depression (businessinsider.com)
- The Unintended Consequences Of QE Infinity (businessinsider.com)
- The Fed Declares War (on the poor, retirees, and the middle class) (conservativeread.com)
- The Fed’s Best Rationale for QE3 (bloomberg.com)
- UNLIMITED QE?! – Here’s The Controversial New Move The Fed Could Pull Today (businessinsider.com)
- Volcker Appears to Dislike QE 3 (dailycapitalist.com)
- (QE 1)+(QE 2) +(QE 3) = ??? Do Three Negatives Make A Positive? (conservativesonfire.wordpress.com)
Posted in AMERICAS, Dark inventory, Economic collapse, Economic planning, Economic policy, Fiscal Cliff, HyperInflation, Medicare, Modern Monetary Theory, North America, Obamanomics, Poor, Shadow banking, Shadow Government, Social Security, Tax Payer's Dime, United States
Tags: Ben Bernanke, Commodities, dangerous side, equation, European Central Bank, European Stability Mechanism, Fed, Fed stimulus, Federal Reserve, Federal Reserve System, Food, food riot, irresponsible, Massive, poor, QE, QE3, quantitative easing, risk assets, United States, United States Treasury security