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Thread: The Obamacare Writedowns

  1. -1
    SnakeoilSeller's Avatar
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    The Obamacare Writedowns

    This wholesale destruction of wealth and capital came with more than ample warning. Turning over every couch cushion to make their new entitlement look affordable under Beltway accounting rules, Democrats decided to raise taxes on companies that do the public service of offering prescription drug benefits to their retirees instead of dumping them into Medicare. We and others warned this would lead to AT&T-like results, but like so many other ObamaCare objections Democrats waved them off as self-serving or "political."
    http://online.wsj.com/article/SB1000...445136066.html
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    Rafiki's Avatar
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    Meanwhile, Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment "appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs."
    Where are these independent analysis figures that show that this reform will bring down costs? I've heard nothing of the sort.

    http://www.youtube.com/watch?v=uJNU2...eature=related
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    FinFan 13's Avatar
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    Good read. The problem with Washington, is they don't have a F'n clue how real business works. It's like some of the Engineers I deal with. They love how it looks on paper, but when it comes to real-world applications....not so much.
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    MDFINFAN's Avatar
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    Quote Originally Posted by Rafiki View Post
    Where are these independent analysis figures that show that this reform will bring down costs? I've heard nothing of the sort.
    From the independent: It might make too much sense for some, so they'll blow it off with some more silliness..

    It's lazy to blame the President for being the one brave enough to take on Big Hospital and fix the situation. The devastating collapse of our healthcare system has been a long time coming. It was already cut. Don't be mad at Obama for ripping the band-aid off and exposing the slow, festering wound for everyone to experience firsthand for as long as it takes to scar over, even if that happens to be forever.

    As we've seen for over a year now, it's so easy to just point the finger at the President in some bad situation and say that he's the one that got us here. Just look at the name, "ObamaCare". Why ObamaCare? Why not "BushCare"? After all, as everybody knows, George Bush is the one that really got us into this mess with the failed policies of the last eight years.

    But the tea partiers want you to forget that. So they call it "ObamaCare". Then everything that happens to the system after the bill becomes law suddenly becomes his fault. Even though he had nothing to do with what's wrong, and everything to do with what's right.

    You will hear people, in the coming years, as the system inevitably gets worse (before it gets better), that this is the fault of the Democrats for passing a completely one-sided bill. But it's not the Democrats that are responsible for what they've done. It's the Republicans that are responsible for what they have not done. That's why this entire thing is really the fault of the Republicans.

    Inevitably, you will hear complaints about "taxes" going up. Well, we were already all paying "taxes" to the selfish insurance companies in the form of skyrocketing premiums. I don't remember hearing anybody complaining about that. So now the "taxes" are going where they are supposed to go: to the government. You know, the government. The people that build the roads and do lots of other things that are just like building the roads?
    ObamaCare Inherited This Mess


    BTW, it's too bad you guys didn't like the public option..

    While a public plan would indeed likely raise the level of federal government health spending, it is just as likely to reduce total national health spending. Independent research evaluating proposals produced by EPI and other sources has consistently found that a public plan would save money and result in better health outcomes by providing all Americans regular access to health care.
    Obamacare: Cheaper than you think
    Last edited by MDFINFAN; 03-29-2010 at 11:41 PM.
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    FinFan 13's Avatar
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    Quote Originally Posted by MDFINFAN View Post
    From the independent: It might make too much sense for some, so they'll blow it off with some more silliness..



    ObamaCare Inherited This Mess


    BTW, it's too bad you guys didn't like the public option..


    Obamacare: Cheaper than you think

    Blame Bush...What an original concept.....
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    Quote Originally Posted by MDFINFAN View Post
    From the independent: It might make too much sense for some, so they'll blow it off with some more silliness..



    ObamaCare Inherited This Mess


    BTW, it's too bad you guys didn't like the public option..


    Obamacare: Cheaper than you think

    What does it matter what we wanted this bill has nothing to do with the voters or the GOP. This bill for better or worse belongs to Obama, and the democrats that voted for it. When this fails they own it and everyone knows it no matter how hard they try to spin it. What is sad is that they already practicing damage control by floating excuses out there about how somehow the GOP magicaly obstructed the bill from being written exactly as they wanted it to be written. You cant blame bnush for this one allthough i did get a good laugh in the other thread where you do exactly that with the tride and true "mess Obama inherited" excuse. Obama did not inherit the solution he passed into law that belongs to him. If it was not right he should not of signed the bill.


    "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."
    Frederic Bastiat
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    SnakeoilSeller's Avatar
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    What a sad and tired of a defense. Those who want to blame Bush for "the past 8 years" seem to be forgetting two minor points. Nancy Pelosi & Harry Reid have been in control of the House & Senate respectively since Jan 2007, and President Obama has been in for over a year. For over the last 3 years, the Dems have had majority control. And the presidency for 14 months ( A year and a half if you want to include his fictitious "Office of the President Elect" time period.) It does not surprise me that MD would post something blaming Bush, he is the original One Trick Pony and that's always his argument (his only argument). But how sad is it that Over 14 months into Obama's Presidency, the best idea out of hope and change, the best thing that the Dems can come up with is blaming George Bush.
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    Rafiki's Avatar
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    Quote Originally Posted by MDFINFAN View Post
    From the independent: It might make too much sense for some, so they'll blow it off with some more silliness..



    ObamaCare Inherited This Mess


    BTW, it's too bad you guys didn't like the public option..


    Obamacare: Cheaper than you think
    I am still having trouble finding the figures that show that this bill in specific will bring costs down. Could you post a quote from those links?

    And blaming Bush for the health care crisis is partisan and ignorant. Even Obama said that politicians have been trying for decades and decades. Surely the author doesn't suggest that Bush has been running the country since childhood.
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    Quote Originally Posted by SnakeoilSeller View Post
    What a sad and tired of a defense. Those who want to blame Bush for "the past 8 years" seem to be forgetting two minor points. Nancy Pelosi & Harry Reid have been in control of the House & Senate respectively since Jan 2007, and President Obama has been in for over a year. For over the last 3 years, the Dems have had majority control. And the presidency for 14 months ( A year and a half if you want to include his fictitious "Office of the President Elect" time period.) It does not surprise me that MD would post something blaming Bush, he is the original One Trick Pony and that's always his argument (his only argument). But how sad is it that Over 14 months into Obama's Presidency, the best idea out of hope and change, the best thing that the Dems can come up with is blaming George Bush.

    The blame Bush day's are long since played out. To your greater point, it is sad that the best defense of this POS bill, is to say it's a GOP idea. How stupid do they think people are? This is Obama's & Dems bill. For the life of me, if they needed this so much, if it is going to help so much, why the hell are they already trying to pawn it off on the GOP??...."scratches head"..... Damage contro; is one thing, but they rammed this disaster through, ignoring the majority of people's belief it was a bad idea, and now that they got there way, they want to say it wasn't really their idea, REALLY????? What a terribly unfunny joke Obama and the leaders of Congress have become.
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    SnakeoilSeller's Avatar
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    Quote Originally Posted by FinFan 13 View Post
    The blame Bush day's are long since played out. To your greater point, it is sad that the best defense of this POS bill, is to say it's a GOP idea. How stupid do they think people are? This is Obama's & Dems bill. For the life of me, if they needed this so much, if it is going to help so much, why the hell are they already trying to pawn it off on the GOP??...."scratches head"..... Damage contro; is one thing, but they rammed this disaster through, ignoring the majority of people's belief it was a bad idea, and now that they got there way, they want to say it wasn't really their idea, REALLY????? What a terribly unfunny joke Obama and the leaders of Congress have become.
    So true, brother. Think about this, it has to be killing them. HC is the Libs Holy Grail and they now have to come out and say this was a republican idea. It really shows how sad they have become.
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