Starbuck wrote on Jul 17^th, 2009 at 11:18pm:


Those vids are crazy.  Who would have thunk that Hitler was into the badunkadunk?

Uh oh. As Oklahoma goes, so goes the nation . . . .

nankerphelge wrote on Jul 18^th, 2009 at 11:25am:



The worm is turning. Of that there can be no doubt. All rational sane people can see that Barry is exactly what all rational sane people always knew he was. Namely a hard socialist cum Marxist with an outright hatred of the history of the United States. The drones think that that is some kind of tin foil hat conspiracy thinking, but, of course, the drones never took into account all the socialist and Marxist friends that Barry has surrounded himself with since before his Harvard days. The associates and friends of Barry never had any influence on him! Yeah, right! Drone on morons! Your boy is a Marxist bastard! And by boy I am not implying any kind of racial slur. I know how much you libs love throw the race card out there.


Barack Obama is a failed president. He is already the worst president in the history of the USA. Deal with it Obamadrones!


Riffy

Quote:



Haha... not a bad assesment, since I don't think I know you personally.... I think i'm more raving lunatic, probably a steady 51% punk n' roll and my guilty pleasures are along the lines of unknown bands, however poppy or silly. adjust piss and vingar to suit your tastes... if you like thar sort of thing.
But... you should quantify the hate posting around here towards the people I was commenting on, and not so much me, you kinda missed that point in your response, but I'm used to it.

Prescription for Disaster
by Peter Schiff

The health care bill unveiled this week by the House of Representatives (with the full support of the Obama administration) is one of the worst pieces of legislation ever drafted. If passed, it will reduce the quality and increase the cost of health care in America. But more importantly, it will severely undermine our already weak economy. To burden a country currently in the throes of a violent recession with such a bureaucratic albatross clearly illustrates the scarcity of economic intelligence in Washington.

In the first place, specifically taxing the rich to pay for health care for the uninsured is the wrong way to think about tax policy and is an unconstitutional redistribution of wealth. While the government has the constitutional power to tax to “promote the general welfare,” it does not have the right to tax one group for the sole and specific benefit of another. If the government wishes to finance national health insurance, the burden of paying for it should fall on every American. If that were the case, perhaps Congress would think twice before passing such a monstrosity.

In the second place, the bill is just plain bad economics. For an administration that claims to want to create jobs, this bill is one of the biggest job-killers yet devised. By increasing the marginal income tax rate on high earners (an extra 5.4% on incomes above 1 million), it reduces the incentives for small business owners to expand their companies. When you combine this tax hike with the higher taxes that will kick in once the Bush tax-cuts expire, and add in the higher income taxes being imposed by several states, many business owners might simply choose not to put in the extra effort necessary to expand their businesses. Or, given the diminishing returns on their labor, they may choose to enjoy more leisure. More leisure for employers means fewer jobs for employees.


More directly, mandating insurance coverage for employees increases the cost of hiring workers. Under the terms of the bill, small businesses that do not provide insurance will be required to pay a tax as high as 8% of their payroll. Since most small businesses currently could not afford to grant 8% across-the-board pay hikes, they will have to offset these costs by reducing wages. However, for employees working at the minimum wage, the only way for employers to offset the costs would be through layoffs.

The uninsured self-employed, or those working as independent contractors, will be forced to buy insurance or pay a tax equal to 2.5% of annual income. Either choice will divert resources from more productive uses into an already out-of-control health care bureaucracy.

Sadly, the bill does nothing to restrain or alter the dynamics that have caused health care costs to spiral ever higher. In fact, the bill will intensify these pressures.


The simplest (but by no means fullest) explanation of why health care costs so much is that demand exceeds supply. Demand is a function of how much people are prepared to pay. Insuring more people will drive demand for health care services even higher. (To truly get a handle on out-of-control health care costs, we need more people paying for routine medical care out of pocket, and tort reform for medical malpractice. See my previous commentary.)

As costs continue to soar, expect additional tax hikes to fund the added expense. As these additional taxes further encumber a weak economy, the diminished tax base will yield lower total tax revenues – despite higher rates. As the politicians attempt to pass ever higher increases to make up for revenue shortfalls, a vicious cycle toward insolvency will ensue.

The worst part of the whole fiasco is trying to imagine the bureaucracy necessary to administer this plan. My guess is that the government provider will mis-price its policies on the low side, pushing employers to dump private sector insurance for the taxpayer-subsidized alternative. Such a system will further distort health care pricing and, ultimately, make a bad situation intolerable.

The enormity, complexity, and expense of this bill could well pull the rug out from what many of my cheerleading colleagues believe to be the beginning of an economic recovery. The way I see it, the economy is walking dead anyway, and this measure is the equivalent of a stake through the heart. But even if we manage to escape the grave this time, Congress is working on a few other ideas that will surely keep us buried.

July 18, 2009

Peter Schiff is president of Euro Pacific Capital and author of The Little Book of Bull Moves in Bear Markets and Crash Proof: How to Profit from the Coming Economic Collapse.

Copyright © 2009 Euro Pacific Capital

Ten Thousand Motels wrote on Jul 18^th, 2009 at 4:22pm:


My health care plan is much cheaper.  It will only cost you your soul.  Or a baseball.  We really need a baseball down here.

I do not understand black culture....

http://www.youtube.com/watch?v=IKW3jjlYj10

fuman wrote on Jul 18^th, 2009 at 9:30pm:


is he like Rush, all fucking high buying dope from his cleaning lady and just saying crazy shit for the sake of saying crazy shit...? Man, I totally get black people now!!!

Pdog wrote on Jul 19^th, 2009 at 7:07am:



I meant that HE is an idiot, that's all.

Imagine watching a white supremest speech and then asking "what's up with white culture, I don't get it".

Funman I know this is hard for you to grasp, but the fact is that the reason that are refusing orders is because they think that Barry is an illegitmate president. Thus far Barry is the only president in US history who has refused to release his birth certificate. Why won't he release it? His father claimed for years that his son (Barry) was born in Kenya. If this is true than he is direct violation of US Constitutional law, and is not, in fact, leagally eligible to be president. The tin-foil hat theory is gaining quite a bit of momentum.


He's the worst president ever! Period!


Riffy

fuman wrote on Jul 19^th, 2009 at 11:05am:



Goddamned son you're thick! His birth certificate HAS NOT been provided!!!! A short form certificate has been provided, and the hospital in Hawaii that issued it will neither confirm nor deny the allegations! Barrty has refused to allow the release of the "legal" long form bc! Why? Again, he's the only president in history that has not release his long form birth certificate!!! You woldn't know that though because you refuse to read anything that might burst your little liberal bubble of belief in this clown! His own father is on record as saying that Barry was born in Kenya! He stated that on more than four occassions! Who the hell are you calling moron, moron?

The guy is easily the worst president ever! Oh, and another thing, if you think that Kathrine Harris handed the presidency to Bush then you have just proven that you know absolutely nothing about the facts of that election!! Even the NYT has admitted that Bush was the legitimate winner of the 2000 election! Why don't you actually take the time to fucking read a little! Bush did NOT steal the election! However, there can zero doubt that Gore sure as hell tried to steal it!



You're a waste of time! You won't look at anything other than the facts that you cherry pick! I read it all big boy! You read only what you think will support your idiotic arguments. Typical of liberals actually. You are no different from all the other drones. The good news for the USA is that more drones are beginning to figure out that they were duped. You? You'll never get it because you don't want to see the truth. Have fun in your little liberal world of make believe.



Riffy

fuman wrote on Jul 19^th, 2009 at 11:47am:




My communication skills are just fine thank you very much. In fact it's what I do for a living! I just find it absurd trying to communicate with a drone who refuses to acknowledge fact.


For example your take on the SC ruling concerning the Florida recount is ridiculous and wrong! Flat wrong in fact. The US SC stopped the recount why exactly? Because the Gore camp was trying to only recount counties in Fla. that were weighted heavily Democrat. The Bush team insisted that all counties be recounted. The Gore campaign tried to quash that from happening! Not only that but Gore was trying to disallow thousands of overseas military votes from being counted as well. That's right big boy. Gore was trying to disenfranchise military votes! You're just flat wrong on this issue, and you'd be wise to drop it.


You're a drone, and anyone with half a brain can see that clearly.



Riffy

LOL! Weak.



Riffy