It's all about politics and power, with these people.
-- Political Pistachio Conservative News and Commentary
Content
In 2006, Senator Obama argued and voted against raising the debt ceiling. In 2007 and 2008, he didn't even bother to vote.
It's all about politics and power, with these people.
-- Political Pistachio Conservative News and Commentary
Stock Market Plunges - All 2011 Gains Lost
By Douglas V. GibbsThe Dow Jones nosedived more than 500 points today - erasing all of the gains in 2011.
This is the single worst day the stock market has experienced since the 2008 drop that some consider signaled the beginning of the financial crisis.
In fact, the Dow's 512 points drop is its ninth deepest point drop ever.
Investors are realizing that the stimulus was a failure, and with this latest budget boondoggle, the spending will continue to rise and rise and rise. Coupled with the high unemployment numbers, the uncertainty caused by the failure of the Democrat Party's policies has worried investors.
We are being told that we are now borrowing 100% of our GDP. We have joined the ranks of the European nations that are collapsing economically, and have been forced into implementing austerity measures, yet the Democrats want to spend more!
And that is the crux of our problem - the damn spending!
We are at $17 trillion.
This is nuts. How is this moral? How is it reasonable to spend and spend and spend, and then toss the crappy economy and the total bill on the laps of our kids and grandkids?
If we were following the Constitution to the tee, our spending would be at about 5% of GDP.
The Constitution does not authorize this kind of spending. . . for a reason!
If we don't stop spending, the economy will collapse.
So, why the plunge of the stock market? Why are people selling in a frantic manner?
This is a repudiation by the investment community that the budget bill failed to reduce spending.
Yes, yes, I was told there is two trillion in spending cuts. . . read the bill carefully. There is no reduction in spending, only a promise to spend 2 trillion less than promised over the next ten years - and the bill can't hold future Congress' to that.
This is what Obama wants. Crisis, as Rahm said, gives the Democrats more opportunity to do things they couldn't do normally - and it gives them the chance to start pointing fingers.
-- Political Pistachio Conservative News and Commentary
US borrowing tops 100% of GDP: Treasury - AFP, Yahoo News
US Stocks Tumble,Sending S&P 500 Briefly Into Correction Territory - Wall Street Journal
U.S. eats up most of debt limit in one day - Washington Times
Communist Party Endorses Obama. . . Again
It may be early in the campaign season, but the Communist Party USA already has seen fit to endorse Barack Obama for the 2012 election.
While noting he is disappointed with "some aspects" of the Obama administration's domestic and foreign policy, Sam Webb, chairman of the Communist Party USA, threw his support behind Obama's re-election bid.
Read more: Yikes! Look who just endorsed Obama for 4 more years
-- Political Pistachio Conservative News and Commentary
Read more »
While noting he is disappointed with "some aspects" of the Obama administration's domestic and foreign policy, Sam Webb, chairman of the Communist Party USA, threw his support behind Obama's re-election bid.
Read more: Yikes! Look who just endorsed Obama for 4 more years
-- Political Pistachio Conservative News and Commentary
Constitution Speaker Radio with Douglas V. Gibbs - A New Kind of Radio Talk Show
Constitution Or Bust!
Douglas V. Gibbs - Constitution Speaker Radio
KCAA 1050 AM
Your Weekend Dose of Truth!
Catch the Constitution Speaker radio show every Saturday and Sunday at 2pm Pacific Time on your AM Dial - 1050 KCAA. Or, catch us on the Internet with a chatroom and webcam at www.kcaaradio.com.
And Here's A List of the Current Sponsors (with four more vying for position)
Today at the Temecula Constitution Class
We complete our discussions on Articles V, VI, and VII tonight.
Join us at 6pm at 27498 Enterprise Circle West #2, Temecula, CA 92590.
-- Political Pistachio
Read more »
Join us at 6pm at 27498 Enterprise Circle West #2, Temecula, CA 92590.
-- Political Pistachio
Obama's healthcare approach will cost in lives, doctors, and dollars
By Kevin Price
Obamacare: the mere idea of a bill that would move1/6th of the economy under government control has brought fear among businesses around the nation. Since Barack Obama's ascendancy and his jamming of his healthcare proposal through Congress, the US has experienced the longest period of near double digit unemployment since the Great Depression. In fact, his job record makes Jimmy Carter look like a president of accomplishment. The reason for the drop of jobs being linked to government healthcare is simple. This bill is already putting a financial drain on businesses in new taxes and in a dramatic increase in the cost of their health insurance programs. Furthermore, the uncertainties that come from the bill makes companies reluctant to hire employees because of the potential reach in regulations and further taxes that the bill might have on the economy.
The National Center for Policy Analysis, citing research from the Wall Street Journal, notes that "Recently, the President's National Commission on Fiscal Responsibility and Reform proposed cutting Medicare funding to train doctors by $60 billion through 2020. If this cut is enacted, the current doctor shortage would get far worse, says Herbert Pardes, president and CEO of New York-Presbyterian Hospital." This is all part of the paradox of the President's approach to healthcare. On the one hand, he wants to insure the tens of millions who are believed to be without healthcare, but also wants to dramatically cut the dollars necessary to take care of those people.
This joins another disturbing trend, according to the article which is the fact that "30 percent of hospitals lose money, according to the American Hospital Association, and even more barely break even. Health care reform will add an estimated 32 million people to the ranks of the insured, driving them to seek medical attention that in the past they may have avoided due to expense."
Another important element that is adding to this perfect healthcare storm is the retiring Baby Boom. The article notes that "The aging population will also create much greater demand: The number of seniors who need more medical care is expected to soar to 72 million by 2020 -- nearly double today's number.
But doctors are aging, too: Almost a third of doctors in the country -- about 250,000 -- are over the age of 55." Furthermore, surveys through out the medical profession are suggesting that doctors are about to take flight due to the costs and consequences of Obama's healthcare bill. Surveys are showing that approximately 1/3rd of all doctors are planning on leaving the medical field, with the President's bill being a primary factor. When you consider the incredibly challenging regulations, huge amount of liability, and now, government driven price controls, medical doctors have many reasons to reconsider their future.
The future does not bode well for either doctors or the people who treat them. The Journal notes that "According to a 2010 report by the Association of American Medical Colleges, the increased demand means that our nation will need an additional 130,000 doctors, both general practice physicians and specialists, 15 years from now. That's about 20 percent more doctors than we have currently. Right now we train roughly 16,000 doctors a year. To keep pace with demand, this nation will need to train an additional 6,000 to 8,000 each year for the next 20 years, but without Medicare reimbursements, many hospitals will not be able to afford to maintain critical training programs, says Pardes."
There has been a rise in physician assistants and nurse practitioners, but they cannot do all the functions of medical doctors and even their increase in numbers cannot keep pace with the demand. The only "answer" to this problem will be the rationing of health care through long lines and waiting lists. This approach in other places around the world has had a negative impact on mortality rates. Under Canada's socialized medicine system, many say, "one does not always get access to healthcare, but just a waiting list." This is not the type of change that people have hoped for.
Read more »
Obamacare: the mere idea of a bill that would move1/6th of the economy under government control has brought fear among businesses around the nation. Since Barack Obama's ascendancy and his jamming of his healthcare proposal through Congress, the US has experienced the longest period of near double digit unemployment since the Great Depression. In fact, his job record makes Jimmy Carter look like a president of accomplishment. The reason for the drop of jobs being linked to government healthcare is simple. This bill is already putting a financial drain on businesses in new taxes and in a dramatic increase in the cost of their health insurance programs. Furthermore, the uncertainties that come from the bill makes companies reluctant to hire employees because of the potential reach in regulations and further taxes that the bill might have on the economy.
The National Center for Policy Analysis, citing research from the Wall Street Journal, notes that "Recently, the President's National Commission on Fiscal Responsibility and Reform proposed cutting Medicare funding to train doctors by $60 billion through 2020. If this cut is enacted, the current doctor shortage would get far worse, says Herbert Pardes, president and CEO of New York-Presbyterian Hospital." This is all part of the paradox of the President's approach to healthcare. On the one hand, he wants to insure the tens of millions who are believed to be without healthcare, but also wants to dramatically cut the dollars necessary to take care of those people.
This joins another disturbing trend, according to the article which is the fact that "30 percent of hospitals lose money, according to the American Hospital Association, and even more barely break even. Health care reform will add an estimated 32 million people to the ranks of the insured, driving them to seek medical attention that in the past they may have avoided due to expense."
Another important element that is adding to this perfect healthcare storm is the retiring Baby Boom. The article notes that "The aging population will also create much greater demand: The number of seniors who need more medical care is expected to soar to 72 million by 2020 -- nearly double today's number.
But doctors are aging, too: Almost a third of doctors in the country -- about 250,000 -- are over the age of 55." Furthermore, surveys through out the medical profession are suggesting that doctors are about to take flight due to the costs and consequences of Obama's healthcare bill. Surveys are showing that approximately 1/3rd of all doctors are planning on leaving the medical field, with the President's bill being a primary factor. When you consider the incredibly challenging regulations, huge amount of liability, and now, government driven price controls, medical doctors have many reasons to reconsider their future.
The future does not bode well for either doctors or the people who treat them. The Journal notes that "According to a 2010 report by the Association of American Medical Colleges, the increased demand means that our nation will need an additional 130,000 doctors, both general practice physicians and specialists, 15 years from now. That's about 20 percent more doctors than we have currently. Right now we train roughly 16,000 doctors a year. To keep pace with demand, this nation will need to train an additional 6,000 to 8,000 each year for the next 20 years, but without Medicare reimbursements, many hospitals will not be able to afford to maintain critical training programs, says Pardes."
There has been a rise in physician assistants and nurse practitioners, but they cannot do all the functions of medical doctors and even their increase in numbers cannot keep pace with the demand. The only "answer" to this problem will be the rationing of health care through long lines and waiting lists. This approach in other places around the world has had a negative impact on mortality rates. Under Canada's socialized medicine system, many say, "one does not always get access to healthcare, but just a waiting list." This is not the type of change that people have hoped for.
--
Kevin Price
Host
Price of Business on KNTH 1070, PriceofBusiness.com
Home of Bloomberg Radio
282.827.6882
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