konane's Blog

"Levin's Landmark Legal Foundation to File Immediate Constitutional Challenge If House Dems Try to P

"Levin's Landmark Legal Foundation to File Immediate Constitutional Challenge If House Dems Try to Pass Health-Care Without Actually Voting on It
  Wednesday, March 17, 2010
By Pete Winn, Senior Writer/Editor

Source CNSNews.com


"Author and conservative radio talk show host Mark Levin pointed to the U.S. Capitol and told the crowd at the Nov. 5, 2009 House Call rally it belongs to them. (CNSNews.com/Penny Starr)
 
"(CNSNews.com) – Landmark Legal Foundation President Mark Levin, who served as chief of staff in the Reagan Justice Department, said he plans to file an immediate lawsuit if House Democratic leaders try to use an unconstitutional manuever to pass the Senate health care bill without actually having to vote on it.
 
“I cannot predict if we would win or lose--this is not as simple as some would have you believe--but I want to put the marker down right now and make it clear to members of the House of Representatives who think the quickest way to pass this is to adopt a rule that assumes that they voted on an underlying bill when they didn’t--that is going to be challenged if they do it,” Levin said on his nationally syndicated radio show Tuesday evening. 

(A draft version of Landmark Legal's likely complaint is available on the organization's Web site.) 


 ****** VIDEO******  (can not embed it here)

House Speaker Nancy Pelosi (D-Calif.) indicated on Monday that she might attempt to use a procedure -- dubbed “deem and pass” – to pass the measure without actually having lawmakers vote on it.
 
Essentially, instead of House members casting their votes on the Senate version of the health-care bill, the House would vote on a package of “fixes” made to those parts of the Senate bill to which House members object.
 
Under the House’s “self-executing rule” provision, if the lawmakers pass a rule that says passing the “fixes” is the same as passing the actual bill -- then the House would magically "deem" the health-care bill to be “passed.” The "rule" itself would be sponsored by the chairman of the House Rules Committtee, Rep. Louise Slaughter (D-N.Y.). 
 
Levin, a former top attorney in the Justice Department during the Reagan administration who currently serves as president of the Landmark Legal Foundation, reiterated that “no one can predict the outcome,” and he said he was not going to tip his hand by revealing too much of the legal strategy behind the lawsuit.
 
“What I’m trying to do, though, is make it very clear to those Democrats who are on the fence, and who think that this somehow is going to protect them, that it won’t because we’re going to expose you,” Levin said.

Article I, Section 7 of the U.S. Constitution states: "Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States; If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who shall enter the Objections at large on their Journal, and proceed to reconsider it. If after such Reconsideration two thirds of that House shall agree to pass the Bill, it shall be sent, together with the Objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a Law. But in all such Cases the Votes of both Houses shall be determined by Yeas and Nays, and the Names of the Persons voting for and against the Bill shall be entered on the Journal of each House respectively.”

House action could come by the end of the week."

http://www.cnsnews.com/news/article/62939

Entry #1,697

"Huge (53%) Tax Increase On SAVERS

"Huge (53%) Tax Increase On SAVERS

Source The Market Ticker   Wednesday, March 17. 2010

Posted by Karl Denninger

If you were wondering where the hidden taxes are in "Health Reform", guess what - President Obama has just given you something to sit on.

The forced march to pass ObamaCare continues, and all that matters now is raw politics. But opponents should go down swinging, and that means exposing such policy debacles as President Obama's 11th-hour decision to apply the 2.9% Medicare payroll tax to "unearned income."

That's what savings and investment income are called in Washington, and this destructive tax wasn't in either the House or Senate bills, though it may now become law with almost no scrutiny.

This is unbelievably destructive to capital formation.

For the person who is "short-term trading" (e.g. daytrading, etc) this is a relatively small tax, an increase of about 7% in the tax (2.9% applied to the 39.6% maximum rate on "ordinary income", which short-term capital gains are.)

But for the person who is INVESTING for the long haul, that is, who is holding stocks for more than one year, this takes the marginal rate from 15% to 17.9%, an increase of almost 20% in the tax owed.

This, of course, comes on the back of President Obama's fraudulently engineered "rally", which was created through Congressional intervention to permit - surprise surprise - legalized accounting fraud through "mark to model."

So you got your stock market rally, and now President Obama and The Democrats are going to cram a 20% tax increase down your throat if you profited from it - and at this point, being 2010, there's not a thing you can do about it.

It gets better.  Since ordinary investors can only write off $3,000 in capital losses, when you lose you don't get a tax credit.  Oh yeah, you get to carry forward the loss to future years, but you paid the tax on the gains already - this is a putative future credit back.

Oh, and let's not forget that there was already a huge tax increase coming this year - the long term capital gains rate goes to 20% at the end of this year anyway as the Bush tax cuts expire.

So in fact the rate goes from 15% to 22.9%, a fifty-three percent increase in the tax rate.

And oh, if your AGI goes over $200,000 by even a dollar you are subject to this tax from the first dollar of your investment income.

A fifty-three percent increase in taxes on long-term (that is, capital-forming, long-term investment) capital gains - exactly the sort of investment activity you want to form businesses and invest for the long haul in America's future, not to mention generating jobs by forming those enterprises.

That's slammed the door on any interest I might have in forming a new business as I did in the 1990s - ever - and I suspect I'm not alone.

When this goes into effect my capital, other than that which I can shelter from taxation, is no longer going to be put at risk in the markets. I'd rather live in a nice little cottage on the beach and simply expend what I have rather than contributing to capital formation in any way, shape or form under a punitive system like this.

Why?

Because if Congress demonstrates that it will put 53% on the capital gains rate once I've already committed my capital (thereby destroying my return) I will not take the risk of them doing it again and making the rate even more punitive."

 
Entry #1,696

"The truth about health insurance premiums and profits

March 16, 2010

"The truth about health insurance premiums and profits

By Alan Reynolds   03/15/10 at 12:00 AM
 

Source The Daily Caller 

"On a recent Fox News debate about health insurance, Democratic political strategist Bob Beckel explained that, “The president needed an enemy, and the insurance companies are it.”

Proving that point in a Pennsylvania stump speech, President Obama asked, “How much higher do premiums have to go before we do something about it? We can’t have a system that works better for the insurance companies than it does for the American people.”

On February 20, President Obama used his weekly radio show to express outrage that a fraction of Californians buying individual Anthem Blue Cross Blue Shield (BCBS) plans “are likely (sic) to see their rates go up anywhere from 35 to 39 percent.” He used those figures to justify preempting state regulation “by ensuring that, if a rate increase is unreasonable and unjustified, health insurers must lower premiums, provide rebates, or take other actions to make premiums affordable.”

There was always something peculiar about this desperate effort to demonize certain health insurers. Individual plans account for only 4 percent of the insurance market. So why do they account for 100percent of the president’s fulminations about insurance premiums? Could it be because insurance premiums for the other 96percent have not been rising much?

Nonprofit BCBS plans account for a third of the private health insurance market. Michigan’s nonprofit asked for 56 percent premium hike without the national media taking that Hail Mary pass too seriously. But even Obama finds it difficult to accuse nonprofits of being too profitable, so he needed to pin his enemy badge on a for-profit firm – one of Wellpoint’s “Anthem” BCBS plans.

Anthem of California’s requested rate increase on individual policies was actually 20-35 percent. The only way it could get to 39percent would be if a policyholder insisted on a gold-plated Cadillac plan and also happened to move up into a higher age group. Besides, requesting a rate hike means nothing. Even Obama’s radio address mentioned two requests that had been cut in half. Many are denied.

So, how many Californians have actually been faced with a 39 percent increase in their premiums? Exactly zero.

How many are really “likely” to be faced with even a 35 percent increase after state insurance regulators have their say? My forecast: Zero.

The president highlighted the “likely” increases of “35 to 39 percent” to suggest insurance companies in general were asking for huge premium increases just to boost their lavish profits. He complained that in the $1.2 trillion health insurance industry, “the five largest insurers made record profits of over $12 billion.” But that puny sum includes WellPoint’s sale of its pharmacy benefits management company NextRX to Express Scripts for $4.7 billion last April. Adding that $4.7 billion to WellPoint profits is like saying a family’s income rose by $1 million because they sold a million-dollar home.

University of Michigan economist Mark Perry calculated that without the sale of NextRX, “WellPoint’s profit margin would have been only 3.9 percent, the industry average profit margin would have been closer to 3percent”— $100 per policy. Yet Obama concluded that, “The bottom line is that the status quo is good for the insurance industry and bad for America.”

The media echoed the president words endlessly, and wrote as though one company’s hypothetical request for increases of 35 percent-39 percent were a nationwide threat—even to those with group insurance—rather than an unique and highly unlikely request that might (if magically approved) touch a miniscule number in a hostile state for health insurers.

“It doesn’t take too many 39 percent increases, like the recent one proposed in California that has garnished so much attention, to put insurance out of reach,” exclaimed a New York Times report. That same paper’s editorial added, “The recently announced plan by Anthem Blue Cross in California to raise annual premiums by 35 to 39 percent for nearly a quarter of its individual subscribers is a chilling harbinger of what is to come if reform fails.” Really?

Grasping for confirmation of the 39 percent figure, some reporters cited a Feb. 24 memo about Wellpoint written by journalist Scott Paltrow for The Center for American Progress Action Fund. Paltrow gathered news clippings suggesting premiums are “expected to” increase by “up to” some scary number in various states. For California, however, Paltrow’s source was the president’s speech. This Action Fund is a is no “liberal think tank,” as the Wall Street Journal put it, but a 501(c)4 lobby which can participate in campaigns and elections. Founded by Bill Clinton’s former chief of staff John Podesta, it’s a propaganda arm of the Democratic Party.

A Wall Street Journal story about Wellpoint’s wish list for higher premiums cites the Department of Health and Human Services as its source. That means a shoddy four-page polemic at HealthReform.gov, “Insurance Companies Prosper, Families Suffer.” That pamphlet, like another from the Commonwealth Fund, cites Duke Helfand, an L.A. Times reporter who wrote on Feb. 4 that, “brokers who sell these policies say they are fielding numerous calls from customers incensed over premium increases of 30percent to 39 percent.”

So, the president’s 39 percent figure came from Duke Helfand, who heard it from insurance brokers who, in turn, said they heard it from customers. The 39 percent figure referred to one person named Mary. After rounding Helfand’s 30 percent up to 35 percent, however, that was good enough for the president’s purposes.

Like Obama, the “Insurance Companies Prosper” pamphlet repeatedly confuses asking with getting. “Anthem Blue Cross isn’t alone in insisting on premium hikes,” it says; “Anthem of Connecticut requested an increase of 24 percent last year, which was rejected by the state.” So what? If you went to your boss and insisted on a 24 percent raise, would that constitute proof that wages are rising too fast?

If Obama has been reduced to basing the redistribution of health care on the cost of health insurance premiums, he will need much better facts. Fortunately, credible statistics on health insurance premiums are readily available from the Centers for Medicare and Medicaid Services (CMS) and Bureau of Labor Statistics.

CMS statistics (Table 12) reveal that the net cost of private health insurance – premiums minus benefits – fell by 2.8percent in 2008. Furthermore, CMS Health Spending Projections predict that spending on private health insurance will rise 2.5percent in 2010, while prices of medical goods and services rise by 2.8percent.

Consumers’ cost of health premiums is also part of the detailed consumer price index. After all the overheated rhetoric about “requested” or “expected” increases of “up to” 39 percent, who would have imagined that the average consumer cost of health insurance premiums fell by 3.5 percent in 2008 and fell by another 3.2 percent in 2009?

The president’s health insurance proposals hoped to use stern command-and-control techniques to run the health insurance system. It was all about minimizing free choice and maximizing brute force—forcing people to buy certain kinds of politically-designed insurance, forcing insurers to cover services many consumers do not want to pay for, and forcing insurers to curb or roll back premiums even as medical costs go up. The whole shaky apparatus was built upon even shakier statistics—including the purely hypothetical 39 percent increase in premiums that Mary’s insurance agent reported to Duke Helfand."

Alan Reynolds is a senior fellow with the Cato Institute.

http://dailycaller.com/2010/03/15/the-truth-about-health-insurance-premiums-and-profits/

Entry #1,694

Unconstitutional Procedure Being Used to Pass Unconstitutional ObamaCare

"Unconstitutional Procedure Being Used to Pass Unconstitutional ObamaCare

by Brian Darling
Source Big Government

"House leaders are preparing to ram through ObamaCare this week  without a vote.  Not only is the legislation unconstitutional, but the process being used to pass it is unconstitutional.  The House is preparing a rule that would consider the Senate-passed version of ObamaCare passed in the House even though members would never directly vote on it.  That would violate Article 1, Section 7 of the U.S. Constitution.

Here is how the trick would work:  In the House, the Rules Committee sets up the parameters for debate on legislation.  House leaders are considering a complicated rule that would be structured so that a vote on the rule setting down the structure for the ObamaCare debate would allow the Senate’s version of health care reform to pass without a vote.  First, there would be a vote on a rule.  If the rule is passed by the House, then the House would vote on a health care budget reconciliation measure that is an amendment to the Senate passed ObamaCare bill.  If that reconciliation measure passes, then reconciliation goes to the Senate and the ObamaCare legislation is deemed passed without a direct vote.  The plan for the legislation is unclear.  House leadership will either structure the rule to either immediately present ObamaCare to the President for his signature or they will hold the bill and deliver it only if the Senate passes a health care reconciliation measure.  Either way, the Constitution and the American people are the losers.

Understand that this procedure is drafted in a way so your average American can’t understand it.  The simple way to understand the situation is that the House is trying to pass a bill without a vote.

The Constitution states that the House and Senate are supposed to pass identical versions of a bill before the President can sign it into law.  One of the reasons for this tricky procedure is to provide cover for moderate Democrats who don’t want to vote for the Senate-passed ObamaCare bill because it includes the federal funding of abortion.

Michael McConnell, Professor and Director of the Constitutional Law Center at Stanford Law School, explains it this way at the Wall Street Journal today:

Democratic congressional leaders have floated a plan to enact health-care reform by a procedure dubbed “the Slaughter solution.” It is named not for the political carnage that it might inflict on their members, but for Rep. Louise Slaughter (D., N.Y.), chair of the powerful House Rules Committee, who proposed it. Under her proposal, Democrats would pass a rule that deems the Senate’s health-care bill to have passed the House, without the House actually voting on the bill. This would enable Congress to vote on legislation that fixes flaws in the Senate health-care bill without facing a Senate filibuster, and without requiring House members to vote in favor of a Senate bill that is now politically toxic.

McConnell is right.  The Constitution says that:

Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States; If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who shall enter the Objections at large on their Journal, and proceed to reconsider it. If after such Reconsideration two thirds of that House shall agree to pass the Bill, it shall be sent, together with the Objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a Law.

If a branch does not vote on a bill, then that bill did not pass.  This proposed procedure seems to be a clear violation of the letter and spirit of the Constitution.  There will be debate on the proper remedy for this constitutional affront, but all can agree that, at a minimum, House members can raise a constitutional point of order against the rule.

Liberals in the House understand that this process is hard to defend.  Chris Frates at Politico writes about a leaked memo drafted by Assistant to the Speaker Chris Van Hollen (D-MD) intended to provide talking points to Democrat members when challenged on the unconstitutional process.

The Van Hollen memo also advised members to avoid talking about the process.  “At this point, we have to just rip the band-aid off and have a vote — up or down; yes or no? Things like reconciliation and what the rules committee does is INSIDE BASEBALL,” the memo says. “People who try and start arguments about process on this are almost always against the actual policy substance too, often times for purely political reasons.”

Speaker Nancy Pelosi (D-CA) and the House Rules Committee have come up with a very complicated procedure to get ObamaCare to the President’s desk without House members having to vote directly on the bill.  This procedure is going to be debated extensively this week and may be the key issue as to whether President Obama signs legislation to provide a de facto government-run health care system."

http://biggovernment.com/bdarling/2010/03/15/unconstitutional-procedure-being-used-to-pass-unconstitutional-obamacare/

Entry #1,693

"Dead Congress Walking

Long read but worthwhile.

________

"Dead Congress Walking

The Democrats are afraid of the voters and mad at each other. Their vaunted health care reform is going to do them in.

 BY Noemie Emery

Source WeeklyStandard.com

March 22, 2010, Vol. 15, No. 26

"A stranger moment in politics has seldom been seen. A vast expansion of government that affects every one of the country’s 300-plus million inhabitants may be passed by a hair against fierce and fiercely repeated public opposition by a Congress that no longer speaks for its voters—most of whose members are angry and scared. They are afraid of their voters, and mad at each other, or rather, the Democrats are: The liberals are mad at the centrists, the centrists are mad at the liberals. Democrats in the House are angry at those in the Senate, and deeply suspicious of being betrayed. The centrists are also mad at Obama, for picking the wrong cause (health care and not the economy), doing it in the wrong way (big and expensive, not incremental and smaller), and pushing them to risk their careers in backing a cause and a program neither they nor their constituents want. 

For Obama himself, health care has been toxic, decimating his numbers, and ripping apart his mystique. In the course of the fight his approval ratings have dipped from near 70 to the mid-40s, his magic has vanished, and his words have gone flat. The coalition that elected him has fallen apart, as independents, mistakenly lured by his “conservative” temperament, have fled to the welcoming arms of the opposite party. Polling suggests that all the red and swing states Obama took from George W. Bush have now turned against him. The elections held since health care became the main issue have rendered votes of no confidence: In 2008, Virginia went to Obama by a 7-point margin; in 2009, it elected a Republican governor by 18, a 25-point recalibration. In 2008, New Jersey went to Obama by 15 points; in 2009 it went to Chris Christie by 4. Massachusetts, which went for Obama by 26 points (and which hasn’t had a Republican senator since the late 1970s), gave Ted Kennedy’s seat to a Republican who campaigned against health care, by a margin of 5 points. Respected nonpartisan political analysts now predict a “wave” election for the upcoming midterms, in which the out party wins one or both houses of Congress?—an event that is usually driven by a major calamity like the failure of the Clinton health care reform plan in the 1994 midterms plus congressional scandal or the 2006 loss for Republicans, triggered by congressional scandal and what looked then like a loss in Iraq. Democrats hold massive majorities—18 seats in the Senate, and 79 in the House—but many of the states and districts that they represent now poll as being against the health care proposal, creating a major democratic dysfunction, as many members are voting against the wishes and interests of their districts and states. This lopsided body, in which Democrats are clawing to eke out even a one-vote majority, is a dead Congress walking, out of step with most of its voters, who on this issue at least are temporarily represented by the naysayers on the Republican side of the aisle. Health care reform has dissolved the Democrats’ coalition, and with it much of their moral authority. If health care survives, it will have been passed by the shell of a Congress that outlived its own mandate.

Supporters of the current legislation on health care reform compare this effort to Social Security, Medicare, and the Civil Rights and Voting Rights Acts of the mid-1960s, but the differences between them are stark. None of these passed with substantial majorities of the public strongly against them. None passed without substantial backing from the opposite party. None of them had the remarkable effect of uniting the opposition in monolithic resistance, while at the same time splitting their party, demoralizing it, and setting its various factions strongly at odds. Franklin Roosevelt and Lyndon Johnson never had to spend billions of dollars to pick up the votes of unhappy senators. Their stature was enhanced by passing these measures, not lessened and compromised. And their bills were passed on their merits, not on desperate appeals to save the party and president from a political pasting, which seems the main talking point being used on reluctant members of Congress now. “The crusade that is dragging itself toward the finish line doesn’t quite feel like a triumph, let alone the launch of a new New Deal,” wrote Howard Fineman in Newsweek, even before Scott Brown tossed his bombshell. “The reasons offered .  .  . have been ever-shifting. .  .  . By the time Bill Clinton met privately with Senate Democrats .  .  . it was .  .  . primarily about the political optics: the need to pass something, anything, to avoid defeat.” “Their sole remaining reason for completing the <snip>ed thing is that they started it,” writes George Will, noting that the main passion driving Democrats is a fear of repeating the 1994 wipeout, which they trace, perhaps incorrectly, to the failure to pass health care that year. At any rate, the main emotion among Democrats seems to be a balance of terror: fear of passing the bill against fear of killing it, making them face the wrath of the voters; or their party’s base, leaders, and president. 

No party or president has ever put its members in a vise of this nature before. Or seen its backers make so many strange statements in trying to press a bill’s case. Back in the days before Scott Brown’s victory, when the Democrats still had their 60-man supermajority, the claim was that the fault lay in the “system” and the Senate, and never in the bill. “What precisely is the point of the United States Senate?” asked New York magazine’s John Heilemann. “If a popular, shrewd president coupled with a Congress with a strong majority in both houses held by the president’s party can’t get its program passed .  .  . something is structurally wrong.” What was wrong, however, wasn’t the structure. The president was not in fact shrewd and was no longer popular, the party wasn’t strong but split (at least on this issue), and the bill was disliked by much of the public, which made its objections often and noisily felt.

As for the Senate, it is a more representative body than Obamacare’s defenders believe. In many states having two Democratic senators, the health care bill polls very poorly; indicating not that the Senate rules give the minority too much power, but that in many states represented by Democrats, the senators aren’t giving voice to their voters’ ideas. Virginia, which has two Democrats (James Webb and Mark Warner), strongly opposes the president’s version of health care and gave Republican Bob McDonnell a landslide in the governor’s race to drive home the message. New Jersey, with two Democrats (Frank Lautenberg and Robert Menendez), elected Republican Chris Christie governor to make the same point. Blanche Lincoln of Arkansas is in very deep trouble, as is her fellow Democratic senator, Nebraska’s Ben Nelson, who, when he got the Cornhusker Kickback, was jeered and hissed roundly by resident voters, and saw his numbers plummet. Massachusetts, which between 1978 and 2010 had no Republican senators at all in its delegation, and for eight years had no Republican members of Congress, elected Republican Scott Brown, on a pledge to fight health care. In this sense, John Kerry, Paul Kirk, and even Ted Kennedy, didn’t represent Massachusetts. The woes of the health care reform are not the fault of the Senate at all.

Another strange view now being floated is that the public in general is angry because the bill is held up in Congress, and nothing is now being done. Let’s back up and break this down into two different segments: The liberal base is angry because the bill is being tied up in Congress. The public in general is furious because the bill is still being brought up at all. If the bill is passed, the base will be pleased, but the public at large will be even more furious. And at the last calculation, the public in general was about three times as large as the base. A similar view is that the bill has to pass because it’s unpopular, because it’s only after its passage that its merits can be fully discussed. In this sense, the debate in itself is the primary obstacle.  “We have to pass the bill, so that you can find out what is in it, away from the fog of the controversy,” says Nancy Pelosi. “Once they pass a plan, you can actually talk about a plan,” says E. J. Dionne. “No president can win the argument over health care prospectively because the country is not inclined to believe that Washington can reform a system this complex,” Ron Brownstein quotes White House flack Dan Pfeiffer. “The only way to sell comprehensive reform, Pfeiffer continued, is to pass it despite poor poll numbers, and then build support.” Usually, one builds support before voting, and then votes when one has it. But these are unusual times. 

Strangest of all is the popular theory that if the bill passes?—by bribes, threats, and payoffs, and against fierce opposition—there will be a triumphant, Rose Garden signing, and then the whole issue will fade. Good luck with that. A bill forced through against such popular dissent is likely to start, and not settle, contention, for two big reasons.

First, this bill is not only disliked, it is disliked intensely, and across a wide swath of the population. Majorities not only dislike it, but majorities of those majorities dislike it intensely. Twice as many independents dislike as support it intensely, and the intensity of antipathy has only grown. They dislike it intensely because it will affect them intensely, on a personal level. Tax cuts don’t affect everyone equally. Very few people are ever on welfare. Most people who live long enough do get on Medicare, but not everyone does at the same time. Health care involves everyone, every day, on an emotional, primitive, life and death level. Everyone needs doctors. Everyone has had an experience, or has friends and relations who have had the experience, where the right or wrong medical treatment at the right or wrong time by the right or wrong doctor made the difference between life and death, between a full and a partial recovery, and an experience that was neither traumatic nor financially ruinous, or one that was hell on all counts. Everyone fears a system that could give them the wrong doctor instead of the right one at just the wrong moment, and everyone, no matter how rich, strong, well-connected, or seemingly healthy, knows that an accident or a bad diagnosis can come any day. Polls show that most people believe this plan will make their care more expensive, and at the same time, less satisfactory than what they already have. Add to this the fact that the bill by necessity trips a mare’s nest of hot wires—abortion, rationing, euthanasia on the basis of “social utility,” and the whole moral complex of beginning- and end-of-life issues—and one has no reason for thinking this issue will be laid to rest soon.

Second, the bill’s defenders say “process” themes don’t move the public, and they may be right. But what they call “process” in this case reads like “corruption” to others, such as the bribes, threats, and buyoffs with which the bill cleared the Senate. Three hundred million dollars to buy Mary Landrieu, over a billion to pay off Ben Nelson. Besides being corrupt, the administration is looking inept in the bargain: The past week brought Massapiece Theatre, along with the wavering Democratic congressman whose brother was offered a judgeship just as he was being asked to the White House for a collegial talk. This is beginning to look like The Godfather crossed with a Marx Brothers movie, a bad sign for an administration that came in touting competence and projecting the feel of a Frank Capra film. 

In fact, the process is part of the problem, and stems from the bill’s weakness, which makes payoffs essential: “Because the legislation is frightening and unpopular, Democrats have had to resort to serial bribery,” writes George Will, correctly. “Massachusetts voted immediately after the corruption of exempting, until 2018, union members from the tax on high value” insurance plans. This and the Cornhusker Kickback helped fuel Scott Brown’s upset, which created the need for still more extravagant buyoffs: Each bribe makes the bill more unpopular, creating the need for more bribes. Senate rules may bore voters, but they find this arresting—one reason the strife will go on.

Other big bills may have been controversial, but most passed in the end by comfortable margins. No reform bill on this grand scale has ever passed in the face of such opposition, with solid majorities so firmly against it, with no votes at all from the opposite party, and with the party in power so split. No such bill had an organized opposition?—the tea party movement—in place against it, ready to march at the first opportunity. Opposition to health care has been very good to the Republican party, and as long as it is, the party will use and run on it. Legal challenges from the states, already in progress, will also add to the air of contention. This is a war that could go on for years.

Liberals say Democrats have to pass this bill to prove they can govern. But will the public see wasting a year on something that’s not a priority, then pushing a bill they don’t want through multiple payoffs, and ending up with something they think will make their lives worse as a species of “governing” they want anything more to do with? Meanwhile, the Democrats are in the intensive care unit, their president wounded, their members demoralized, their coalition in tatters. Come November, voters may decide they’d rather be much less “governed”—or governed by somebody else."

Noemie Emery is a Weekly Standard contributing editor and columnist for the Washington Examiner.

http://www.weeklystandard.com/print/articles/dead-congress-walking

Entry #1,692

"Is The US Preparing For "The Total Destruction Of Iran?"

Dems sense of urgency to shove healthcare through reeks of desperation for money.  Money to perhaps support yet another war via IOU's like were given to Social Security when they raided those funds years ago. 

Could be I've been reading too many conspiracy theories.  Decide for yourself.

____________

"Is The US Preparing For "The Total Destruction Of Iran?"

Submitted byTyler Durden on 03/15/2010 15:23 -0500
Source Zero Hedge

"Is war just around the corner? While in theory it would make perfect sense to distract Americans from the long road to US insolvency, and other more pressing issues such as the endless criminality all around us, in practice we have so far heard merely rumors. The Herald of Scotland, however, may have credible proof that a US-led attack on Iran approaches and could be just  days away. The newspaper has procured proof of an arms shipment to Diego Garcia, which consists of "of 195 smart, guided, Blu-110 bombs and 192 massive 2000lb Blu-117 bombs...put in place for an assault on Iran’s controversial nuclear facilities." Additional insight comes from Dan Plesch, director of the Centre for International Studies and Diplomacy at the University of London: “They are gearing up totally for the destruction of Iran. US bombers are ready today to destroy 10,000 targets in Iran in a few hours." Is war imminent? And will Obama repeat Bush's mistake with Iraq, resulting in a huge spike in oil, coupled with a rush to safety in dollars and/or gold? If inflation will not start on its own, its has to be kindled: preferably by a Blu-117 bomb. Is the relatively long period of market stability and low volatility about to come to a sudden end?

More from the Herald:

Hundreds of powerful US “bunker-buster” bombs are being shipped from California to the British island of Diego Garcia in the Indian Ocean in preparation for a possible attack on Iran.

The Sunday Herald can reveal that the US government signed a contract in January to transport 10 ammunition containers to the island. According to a cargo manifest from the US navy, this included 387 “Blu” bombs used for blasting hardened or underground structures.

Experts say that they are being put in place for an assault on Iran’s controversial nuclear facilities. There has long been speculation that the US military is preparing for such an attack, should diplomacy fail to persuade Iran not to make nuclear weapons.

Although Diego Garcia is part of the British Indian Ocean Territory, it is used by the US as a military base under an agreement made in 1971. The agreement led to 2,000 native islanders being forcibly evicted to the Seychelles and Mauritius.

The Sunday Herald reported in 2007 that stealth bomber hangers on the island were being equipped to take bunker-buster bombs.

And it gets worse, when one considers the eerie similarities with Operation Desert [blank]. We all know how that whole fiasco ended.

Contract details for the shipment to Diego Garcia were posted on an international tenders’ website by the US navy.

A shipping company based in Florida, Superior Maritime Services, will be paid $699,500 to carry many thousands of military items from Concord, California, to Diego Garcia.

Crucially, the cargo includes 195 smart, guided, Blu-110 bombs and 192 massive 2000lb Blu-117 bombs.

“They are gearing up totally for the destruction of Iran,” said Dan Plesch, director of the Centre for International Studies and Diplomacy at the University of London, co-author of a recent study on US preparations for an attack on Iran. “US bombers are ready today to destroy 10,000 targets in Iran in a few hours,” he added.

The preparations were being made by the US military, but it would be up to President Obama to make the final decision. He may decide that it would be better for the US to act instead of Israel, Plesch argued.

“The US is not publicising the scale of these preparations to deter Iran, tending to make confrontation more likely,” he added. “The US ... is using its forces as part of an overall strategy of shaping Iran’s actions.”

According to Ian Davis, director of the new independent thinktank, Nato Watch, the shipment to Diego Garcia is a major concern. “We would urge the US to clarify its intentions for these weapons, and the Foreign Office to clarify its attitude to the use of Diego Garcia for an attack on Iran,” he said.

For Alan Mackinnon, chair of Scottish CND, the revelation was “extremely worrying”. He stated: “It is clear that the US government continues to beat the drums of war over Iran, most recently in the statements of Secretary of State, Hillary Clinton.

“It is depressingly similar to the rhetoric we heard prior to the war in Iraq in 2003.”

The British Ministry of Defence has said in the past that the US government would need permission to use Diego Garcia for offensive action. It has already been used for strikes against Iraq during the 1991 and 2003 Gulf wars.

We are confident that the administration's diplomatic core is wildly spinning in advance of a possible incursion, and fully expect that Tehran will be exposed as a poison nest full of dirty, smelly CDS speculators who have been controlling the spreads on global credits ever since the late 70's, about the time Iran ceased being a most favored nation (forget that CDS did not come to the scene until the late 90's, at least Ollie North may get a cameo appearance as head CDS Novator). At worst, the Administration will coin a new term for the incursion's target, recycled appropriately from none other than the Oracle of Omaha: Weapons Of Mass CDS-based Destruction and Other Types of Mass Destruction that Speculators Do Good Too."

http://www.zerohedge.com/article/us-preparing-total-destruction-iran

Entry #1,691

"Pelosi: 'Once we kick through this door,' more reform will follow

Michael Ramirez cartoon

_______________

"Pelosi: 'Once we kick through this door,' more reform will follow

By: Byron York
Chief Political Correspondent
03/16/10 1:56 AM EDT

Source Washington Examiner

"If you have any doubt that the Democratic leadership of the House views passing the current health care reform bill as the beginning, not the end, of the process of creating a national government health care system, just note what Speaker Nancy Pelosi told a group of bloggers on Monday. "My biggest fight has been between those who wanted to do something incremental and those who wanted to do something comprehensive," Pelosi said, according to an account by Washington Post reform advocate Ezra Klein. "We won that fight, and once we kick through this door, there'll be more legislation to follow."

But since the current bill is unpopular, and Pelosi at the moment does not have enough Democratic, much less Republican, votes to pass it, the door she will be kicking through is the back door. Pelosi told the bloggers she favors using the "self-executing rule" strategy in which the House would pass the Senate health care bill without going on the record as specifically voting for it. "I like it," Pelosi said of the scheme, "because people don't have to vote on the Senate bill." The strategy of passing the Senate bill while avoiding a direct vote, writes Klein, "is all about plausible deniability for House members who don't want to vote for the Senate bill."

In a particularly Alice-in-Wonderland moment, Pelosi argued that the debate over health care reform can begin after the bill is passed. "Pelosi said passing the bill would allow Dems to undertake a 'debate' with Republicans over 'what is the balanced role that government should have,'" writes another pro-reform blogger at the Post, Greg Sargent. According to Sargent, Pelosi explained, "We have to take it to the American people, to say, this is the choice that you have. This is the vision that they have for your health and well being, and this is the vision that we have." Again, in Pelosi's scenario, that debate would occur after the bill is passed.

Finally, Pelosi downplayed statements from her own team that she does not yet have the votes to pass the national health care measure. On "Meet the Press" Sunday, Democratic Whip Rep. James Clyburn said, "No, we don't have them as of this morning." Meeting with the bloggers, Pelosi said, "The reason [Clyburn] said that is we don’t have a bill yet." In the end, the Speaker declared, "I have no intention of not passing this bill."

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Pelosi-Once-we-kick-through-this-door-more-reform-will-follow-87741467.html

Entry #1,690

"Another billboard mystery in Minnesota?

"Another billboard mystery in Minnesota?

posted at 11:36 am on March 15, 2010 by Ed Morrissey
Source Hot Air Blog

"Somehow, I think people will miss this man more than the one featured in the “Miss Me Yet?” billboard that appeared outside the Twin Cities in Minnesota last month.  Another anonymous advertisement has appeared on the roadside of a major interstate freeway in the outer-ring suburbs of the Minneapolis-St. Paul metropolis area, on I-94 just outside of Albertville on the way from St. Cloud to Minneapolis.  This ad recalls a President that never got his due in Minnesota:

 

 

Who paid for this ad?  There are no indications on the sign itself, just as with the previous “Miss Me Yet?” sign with George W. Bush.  Ronald Reagan never won Minnesota in either of his two national elections, but clearly someone recalls him fondly.  It’s not cheap to pay for this kind of advertising, and it would be interesting to discover who’s behind this one.

Update: This is not a photoshop.  I contacted Franklin Outdoor Advertising, who confirmed that they have this sign up at I-94.  It was funded by a private effort, but the person to whom I spoke did not know who specifically that includes.

Update II: Also, just for some background, the “Miss Me Yet?” billboard was purchased through one of Franklin’s competitors.

Update III: Not sure why people are still insisting that this is a photoshop, but maybe King Banaian’s eyewitness account will help:

Ed posts about a sign on I-94. I saw it for the first time on Saturday morning as I drove to the Twin Cities for meetings and eventually the MOB party. …  It gets very good visibility after you come out from under the Albertville overpass on the road traveling east. I did not realize how fresh the sign was, but Saturday was the first time I saw it.

King also recalls Reagan’s speech at Westminster in 1982.  Be sure to read it."

http://hotair.com/archives/2010/03/15/another-billboard-mystery-in-minnesota/comment-page-1/#comments

Entry #1,689

"Obama Supports DNA Sampling Upon Arrest

You decide.

___________

"Obama Supports DNA Sampling Upon Arrest

By David Kravets   March 10, 2010  |  6:40 pm  | 

Source Wired.com

"Josh Gerstein over at Politico sent Threat Level his piece underscoring once again President Barack Obama is not the civil-liberties knight in shining armor many were expecting.

Gerstein posts a televised interview of Obama and John Walsh of America’s Most Wanted. The nation’s chief executive extols the virtues of mandatory DNA testing of Americans upon arrest, even absent charges or a conviction. Obama said, “It’s the right thing to do” to “tighten the grip around folks” who commit crime.

When it comes to civil liberties, the Obama administration has come under fire for often mirroring his predecessor’s practices surrounding state secrets, the Patriot Act and domestic spying. There’s also Gitmo, Jay Bybee and John Yoo.

Now there’s DNA sampling. Obama told Walsh he supported the federal government, as well as the 18 states that have varying laws requiring compulsory DNA sampling of individuals upon an arrest for crimes ranging from misdemeanors to felonies. The data is lodged in state and federal databases, and has fostered as many as 200 arrests nationwide, Walsh said.

The American Civil Liberties Union claims DNA sampling is different from mandatory, upon-arrest fingerprinting that has been standard practice in the United States for decades.

A fingerprint, the group says, reveals nothing more than a person’s identity. But much can be learned from a DNA sample, which codes a person’s family ties, some health risks, and, according to some, can predict a propensity for violence.

The ACLU is suing California to block its voter-approved measure requiring saliva sampling of people picked up on felony charges. Authorities in the Golden State are allowed to conduct so-called “familial searching” — when a genetic sample does not directly match another, authorities start investigating people with closely matched DNA in hopes of finding leads to the perpetrator.

Do you wonder whether DNA sampling is legal?

The courts have already upheld DNA sampling of convicted felons, based on the theory that the convicted have fewer privacy rights. The U.S. Supreme Court has held that when conducting intrusions of the body during an investigation, the police need so-called “exigent circumstances” or a warrant. That alcohol evaporates in the blood stream is the exigent circumstance to draw blood from a suspected drunk driver without a warrant."

http://www.wired.com/threatlevel/2010/03/obama-supports-dna-sampling-upon-arrest

Entry #1,688

"IF You Are Going To "Demonstrate"

Every state is in a money grab for revenues because we're all suffering during the Great Depression II. 

Cathy Cox Georgia State Superintendent of Schools has proposed a 50% increase in Georgia Lottery ticket prices.  https://www.lotterypost.com/blogentry/38612

Mrs Cox may want to take a serious look at salaries of university employees before reaching into lottery players' pockets. 

__________

"IF You Are Going To "Demonstrate"....

Tuesday, March 9. 2010
Posted by Karl Denninger in Education at 19:56

Source The Market Ticker

"Then aim your "demonstrating" at the people who are bankrupting your state - and you personally.

I speak specifically of people such as those that The Daily Illini pointed out - all employees for the University of Illinois.

Let's see what we have here....

The head of the football team - the coach - makes $1 million.  For coaching a college football team.

The "intercollegiate (sports) director makes $600,000.

The President of the University is just $50 large shy of a half-million.

A large number of Deans and Professors make $250,000 - or more.

Indeed, I have to get eight pages into this list before I drop below $200,000.

Oh, we also have two Lieutenants in the Police Department that make $192,545 - each - per year.  Handing out tickets to scooter riders without helmets and issuing University Parking Citations (probably more than $200,000 worth of those) I'm sure.

Now maybe you can justify how it is that these fine bastions of American Government Employment earn these bloated salaries. 

I will point out some demographics to readers for Champaign-Urbana, Illinois, where the University happens to be.

The median home price is $159,900, which the top fifteen pages of these employees can afford to pay cash for with one year's salary. 

The median income for a family is $52,628, while per-capita income according to the BEA is $31,354.  Fewer than FIFTEEN PERCENT of the persons on the University Payroll make equal to or less than the median per-capita income for the city.

Oh, and let's not discuss retirement benefits.  Legacy pensions anyone?  How about medical care once one retires.  And speaking of which, what's the retirement age?

There has been much written about overblown pensions, double and even triple-dipping and similar games.  But this table, nicely sortable by salary, makes quite clear exactly who the system employs and how much they pay - and that the pay is, shall we say, ridiculous compared to the average private-sector prevailing wage.

This much should be clear: If you're curious about why you're being bankrupted with parabolic tuition and fee increases along with demands to take on outrageous amounts of debt to get a so-called "college education", you might discern from the above that the only "educating" you're getting in the UofI system is how to hold still while you're bent < snip>.

What you, Dear Student, who is being given the whaaaaambulance treatment by the Administration (the folks making those six-figure salaries that are all radical multiples of the average living wage in your town) do about that "education" is, of course, up to you."

http://market-ticker.org/archives/2062-IF-You-Are-Going-To-Demonstrate.....html

Entry #1,687

"Is Cox taking a gamble in suggesting raising price of lottery tickets to fund schools?

Note this is a corrected post.  I referenced the wrong person named Cathy Cox, Democrat, former Secretary of State who ran for Governor, in my previous deleted post which featured the same article below.

______

Kathy Cox, Superintendent of Schools State of Georgia and a Republican has proposed raising Georgia Lottery ticket prices from $1.00 to $1.50.

I personally want ticket prices to remain at current levels because Georgia has always captured lottery money from bordering states, from travelers on our extensive interstate system and from people flying through Hartsfield Jackson airport.  

A 50% increase in ticket prices in our current Depression is shortsighted,  money grabbing, and will not increase overall lottery revenues.  Kathy Cox might want to consider trimming salaries of university employees, or simply raising sales tax.  Would suggest contacting your respective state legislator if you're opposed to a ticke price increase.

Or you might want to email Mrs. Cox with a short polite message.

__________

Kathy Cox
State Superintendent
of Schools
 (Georgia)

 (404) 656-2800
 (404) 651-8737
state.superintendent@
doe.k12.ga.us

http://www.doe.k12.ga.us/sup.aspx

________

"Is Cox taking a gamble in suggesting raising price of lottery tickets to fund schools?

2:06 pm March 12, 2010, by Maureen Downey
Source BogsAJC.com

The suggestion today by state school Superintendent Kathy Cox that lottery ticket prices could be raised by 50 cents to help support k-12 education in Georgia is bound to be controversial because it would shift a larger share of school funding on low-income Georgians.

My former colleague Jim Wooten contended that the lottery took “poor people’s butter-and-egg money.” I argued that all of us are entitled to waste our own money. (I come from a family where my aunts and parents were weekly lottery ticket buyers. I don’t buy them.)

When the AJC looked at lottery sales by zip codes in 2003, we found the areas where people tend to play the lottery most and benefit least from HOPE are substantially poorer than areas that receive the most HOPE scholarships. At the time, Zell Miller, the father of the lottery and the HOPE Scholarship, had a retort to that, saying that the lottery was a diversion.

Players “buy that lottery ticket instead of buying People magazine or the National Enquirer, ” Miller said. “They buy that lottery ticket instead of a six-pack sometimes. They buy that lottery ticket instead going to a baseball game.”

According to the AJC:

Cox said during an appearance Friday on CNN that hiking the price by just 50 cents per ticket could raise $350 million to help fill a massive hole left by state budget cuts in the last two years. Cox said raising prices would ensure K-12 got money while also preserving funding for the HOPE college scholarship and state’s prekindergarten program.

The state constitution already allows lottery revenue to go to technology and buildings for elementary and high schools, but lawmakers stopped allotting that money to K-12 in 2003. Cox said the state’s education budget has been slashed by nearly $3 billion in the last 19 months.

http://blogs.ajc.com/get-schooled-blog/2010/03/12/is-cox-taking-a-gamble-in-suggesting-raising-price-of-lottery-tickets-to-fund-schools/?cxntfid=blogs_get_schooled_blog

Entry #1,686

"Squeezing the Last Drop of Productivity from the American Working Class – 18 Percent National Under

Article has charts to illustrate points, click link at bottom to access.

_____________

"Squeezing the Last Drop of Productivity from the American Working Class – 18 Percent National Underemployment and why Wall Street and the Government are Cheering Your Financial Failure.

Posted by mybudget360   

Source My Budget 360

"The American financial press cheered on Friday when “only” 36,000 jobs were lost in February.  This if you haven’t noticed now passes for good economic news.  The unemployment rate remained unchanged because the actual workforce continued to show a decline yet Wall Street somehow viewed this as positive developments.  And why not?  The middle class is under assault from every angle.  Things are so twisted with propaganda that many Americans now believe that the banking elite are actually looking out for the well being of American workers.  As news of the job losses somehow echoed as positive developments, more and more Americans are continually being kicked out of their homes from banks they helped to bail out.  Irony has no meaning to Wall Street.

And if we look at the details of the jobs report, it turns out that 17.9 percent of Americans are either unemployed or underemployed or flat out have stopped looking for work:

Source:  BLS

This wasn’t the only spin going on in the media.  Before the jobs report came out there was a preemptive flow of information trying to justify the job cuts by blaming it on the weather.  Yes, now instead of blaming the financial catastrophe on the actual perpetrators in Wall Street who systematically looted the American system and turned our economy into a giant casino that they leeched onto, we are now to believe people are losing their jobs because of the weather:

“(CNSnews) Ahead of Friday’s announcement, Goldman Sachs predicted that the storm might skew the job loss number by as much as 100,000 – a prediction that was embraced by officials in the Obama administration.

“The blizzards that affected much of the country during the last month are likely to distort the statistics,” Larry Summers, director of the White House’s National Economic Council, said in an interview with CNBC. “So it’s going to be very important … to look past whatever the next figures are to gauge the underlying trends.”

If the storm caused a skewing of job loss numbers I wonder how many job losses can be linked to Goldman Sachs and their casino style gambling in the derivatives markets and mortgage backed securities?  Then again, people should be happy that the unemployment rate remained steady at 9.7 percent even though more Americans are working part-time with no benefits and many others have simply fallen off the payrolls.  This is supposedly the new American dream for the middle class through the eyes of Wall Street who are selling capitalism but living in a world of corporate handout socialism.

There is a new show called Undercover Boss where a CEO goes undercover to work in the trenches with the proletariat.  As it turns out, the middle class is being worked to death and as we all know, the CEO can’t even do the job most workers do on a daily basis.  Even Henry Ford understood the interworking of the cars he was putting out.  In the end the CEO reveals his identity and gives a nice little handout to the worker and all is well in TV land.  The check is a token of what CEOs actually make.  This is the ultimate reflection of our trickle down economy where those at the top act like sociopaths and rulers of the universe but when it comes to doing the daily tasks of their company, they have no clue.  This is the de facto rule running on Wall Street.  In fact, CEO pay has grown outrageously over the past few decades as the middle class has gotten poorer:

Source:  American Progress

In reality, part-time employment has spread even to poor CEOs making 300 to 400 times the average American worker salary.  Poor CEOs and Wall Street executives need time off to enjoy their tax payer funded yachts and all expense hedonism trips to the Caribbean.  They would like to convince each other that the money they have is all through their will power and market prowess but in reality it is nothing more than being part of a corporatocracy and buying out the government with an army of lobbyist and insiders.  You have to be a self indulgent narcissist to take the economy to the brink of financial destruction in the case of many Wall Street firms and still reward yourself with outrageous bailouts.  The fact that average Americans are still not protesting in mass about this tells me that many actually believe what Wall Street is saying.  You see this when many would rather blame the working class for the ills of today than focus their energy where it really needs to go.

Wall Street loves this economic crisis.  They receive trillions in bailouts yet convince the public that what is occurring today is merely the “market” correcting itself.  So as most Americans have more and more troubles keeping up with their daily bills, companies are squeezing every little excess from those currently working.  Those that have jobs out of fear will work harder and probably demand less merit increases in the current economy.  After all, the head guy is only making 300 times what you make even though he can’t even understand the main function of the organization.  So what if the low level guy is selling toxic crap to some homeless person with no income and giving him access to a $500,000 loan.  These Wall Street tycoons are big picture thinkers and can’t be worried with the day to day operations of the proletariat unless it means turning it into a caricature for mass viewing and quick TIVO access.

You don’t think productivity actually increased?  Take a look at this:

Source:  BLS

This recession has been fantastic for productivity.  Just look at the above chart.  American workers have been doing their part during this recession.  After all, now you can hire a cadre of “contract” workers and not have to pay them one cent in healthcare support or even contribute to their pension.  Once the job is done you can kick them to the curb.  After all, this is capitalism so long as those at the top have managed to setup sweetheart deals and golden parachutes.  This is how the top 1 percent makes sure their hold on 40 percent of the nation’s wealth isn’t damaged.  And if you think financial institutions deserve this bailout money and their outrageous bonuses then companies like Circuit City or Mervyns would still be around today if that model applied across the board.  But this doesn’t apply to the general economy.  This applies to Wall Street and somehow the absurdity of it all still goes on.  The worst financial crisis since the Great Depression and not one solid reform has been enacted.  26 months of job losses and nothing.  Who is running the show?

The rise of the part-time work force is nothing new as we become more and more like Japan.  Japan bailed out their financial institutions after their failed stock market and real estate bubbles popped and today, their working class is made up of one-third part-time workers:

“(LA Times) In the world’s second-largest economy, the global financial crisis has forced part-time workers such as Kudo to face a harsh new reality.

Over the last few years, temporary employees have gone from being a rarity in Japan to accounting for one-third of the workforce of 67 million. They enjoy far fewer protections than full-time workers — placing their necks squarely on the layoff chopping block.

By March, the government predicts, 85,000 part-timers will fall prey to haken-giri, or temporary-worker cutbacks — a relatively small number compared with U.S. layoffs but high for a nation where job security has long been a staple.

On Wednesday, embattled Prime Minister Taro Aso made the plight of part-timers a major piece of a proposed stimulus package. Aso pledged to create 1.6 million jobs, partly by turning part-time jobs into full-time ones.”

Japan’s headline unemployment rate is 4.9 percent.  Just like our headline unemployment rate, the devil is really in the details.  If we continue on this path part-time work may be all that is left."

http://www.mybudget360.com/squeezing-the-last-drop-of-productivity-from-the-american-working-class-%e2%80%93-18-percent-national-underemployment-and-why-wall-street-and-the-government-are-cheering-your-financial-failure/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+mybudget360%2FQePx+%28My+Budget+360%29

Entry #1,685

"Here's Why You Should Take The Intrade Healthcare Betting Very Seriously

Wonder if how much tax payer money is being used to spike the numbers?

_______

Amazing what exposure does to an issue.  Check out the buy amount now down from 60% to 49% as of posting this link.  Today, 11:51 am

http://data.intrade.com/graphing/jsp/closingPricesForm.jsp?tradeURL=https://www.intrade.com&contractId=709242

_________

"Here's Why You Should Take The Intrade Healthcare Betting Very Seriously

Joe Weisenthal | Mar. 9, 2010, 12:06 PM | 10,064

Source Business Insider 

"Everyone today is talking about the fact that on Intrade the odds of Obamacare passing have spiked up above 60%.

But this doesn't just reflect conventional wisdom. No, this is Washington DC insiders speaking here.

We reached out to InTrade CEO John Delaney, who confirmed that a lot of the trade volume on this particular contract is coming out of DC.

Specifically he said:

...it is a reasonably active market but atypically a lot of the trade is coming from the DC area when normally we might see trade coming from all the major urban areas.

Think of this as political insider trading.

When the insiders are talking, you should listen.

Update: We discuss the possibility that this is manipulation, here.

Don't miss: How the Obama administration plans to raise $1.9 trillion in taxes >

http://www.businessinsider.com/heres-why-you-should-take-the-intrade-healthcare-betting-very-seriously-2010-3

______________

"Here's How Obama Is Going To Raise Your Taxes By $1.9 Trillion

  1/17
 

$9.154 Billion: Disclosing all payments over $600 to anybody

 What Is The Tax: By re-establishing reporting rules of deals over $600 between individuals or businesses, compliance in terms of paying proper taxes on such deals would increase making for fewer losses in the tax system.

Tax Revenue 2011-2020: $9.154 Billion

Source: Green Book 2011

http://www.businessinsider.com/how-the-heck-do-you-raise-taxes-11-trillion-2010-2#9154-billion-disclosing-all-payments-over-600-to-anybody-1

Entry #1,684

"Obama-Care Meets Obama-Ed *Important Info*

Found this via Powerlineblog.com.

_____

"Obama-Care Meets Obama-Ed

March 10, 2010 By Peter Wood

Source NAS - The National Association of Scholars

"Of President Obama’s three big takeovers—cap ‘n trade, health care, and higher ed—higher ed has garnered the least public attention. That may change now that the administration is attempting to impose its wishes by legislative trickery.

The health care bill that the Democrats hope to pass by “reconciliation” to avoid the normal Senatorial voting procedure is now being amended to include the administration’s Big Grab on federal student loans.  If this works, we will have one bill in which the federal government not only takes primary control of American health care but also simultaneously takes practical control of American higher education. 

Some background:  last September, The Wall Street Journal (“The Quietest Trillion”) gave an early heads-up to the administration’s then-plan to move the Department of Education from a 20 percent to an 80 percent share of the student loan market.  A bill passed the House that month that would have eliminated private lenders from the federally guaranteed student loan market by July 1, 2010.  It came with a promise that taxpayers would save some $87 billion from substituting a government-run service for the rough-and-tumble of private lenders.  In October, Secretary of Education Arne Duncan sent a letter to colleges and universities across the country advising them to get their institutions ready for a 2010 implementation of the new rules, dubbed “Direct Lending.”  College officials, some House Democrats, and a few Republicans expressed their uneasiness at the new plan.

Duncandidn’t yield an inch.  Here he is in a February op-ed in the Washington Postarguing his case that “direct student loans” will save taxpayers billions and make life easier for “educators, engineers and computer scientists—the backbone of the new economy.” 

Not everyone is convinced.  A few days ago, another Secretary of Education—Lamar Alexander—inveighed in WaPoon what the folks at Department of Education “haven’t told us.”  Senator Alexander notes that DOE plans to borrow from the Fed at a 2.8 percent interest rate, lend to students at 6.8, and splurge with the difference with a massive new spending program.  He reports that the Congressional Budget Office has lowered the estimated savings from kicking out the private lenders from $87 billion to something like $47 billion.  Some 2,000 private lenders will be forced out of this business.  Services to students driven by industry competition will be eliminated in favor of typical federal bureaucratic “efficiency.”  And those “educators, engineers and computer scientists—the backbone of the new economy”?  They will be spending years longer and paying lots more to pay back loans that are actually being used to fund Congressmen’s favorite edu-pork programs. 

The effort to shoehorn the direct lending program into the health care reconciliation bill seems odd on its face.  CBS News suggests that the maneuver is prompted partly by Democrats trying to get on top of the wave of student protest over college costs that surfaced during the March 4campus demonstrations.  But CBS also thinks that the Democrats are just grabbing an opportunity that might not come again.  “Reconciliation,” if it works, is a way of short-circuiting all the inconvenience of having to line up sixty votes for a controversial measure.  Why not slide as much unpopular legislation as possible into one giant, unpopular, economy-ruining, budget-busting, anti-democratic bill?

Student loan “reform” slipped into the national agendarather quietly in January 2007 when New York Attorney General Andrew Cuomo began to investigate reports that Sallie Mae, the nation’s largest lender to students, had been engaged in some questionable practices.  As it turned out, many private lenders had bribed college officials, and numerous colleges had abused their students by channeling them into disadvantageous loans.  The scandal snowballed.  It grew worse as then Secretary of Education Margaret Spellings appeared to stonewall inquiries and cover for the Republican-friendly Nelnet Corporation, a student loan re-financer that had gamed a DOE program to extract hundreds of millions of unwarranted payments.  The mischief culminated in an ill-considered lawsigned by president Bush in September 2007, the College Cost Reduction and Access Act, CCRAA, that cut the payments to private lenders in the federally guaranteed student lending business so drastically that many of the lenders—some sixty of them—simply quit.

That added more snow to the snowball by creating the prospect that students would have a much harder time finding loans the following year.  Congress recognized its mistake and in May 2008 rushed through a billthat authorized the Department of Education to buy up “debt” from the private lenders.  In many ways this was a rehearsal for the great economic collapse and bank bailouts that came later in 2008. 

In a certain sense, the private lenders who participated in the federally guaranteed student loan programs brought the house down on their own heads.  Corrupt practices combined with wildly imprudent financial dealings opened the way for the “reform” that President Obama, Secretary Duncan, and the Congressional leadership now intend to push through. 

I don’t have much sympathy with those lenders, though surely only a minority was corrupt and imprudent.  The real question is whether concentrating federal student loans in the U.S. Department of Education is really going to be an improvement.  If the legislation passes, we may well be trading a flawed system for a disastrous one.  With direct federal control of student loans will come, as surely as a hangover follows a binge, federal control over the content of higher education." 

http://www.nas.org/polArticles.cfm?Doc_Id=1201

Entry #1,683