With it becoming painfully obvious that oxymorons like a "service based economy" or "consumer based economy" are ludicrous ideas springing from failed (Keynesian) economic theory, we are left with the obvious lesson that you must have a healthy "goods" producing sector to have a working economy. This article informs us that our producers are in contraction, signaling an early warning that government attempts to borrow and buy a recovery are a dismal failure.
Business Activity in U.S. Shrinks for First Time Since 2009 - Bloomberg:: www.bloomberg.com/news/2012-09-28/business-activit....html
https://chumly.com/n/16f8955
Sunday, September 30, 2012
Saturday, September 29, 2012
Job Killing Regulations
We will have our recovery when we see a dramatic increase in human labor being combined with resources to produce more wealth in the economy, and unless we deal with job-killing regulations such as Obamacare, we won't see a resurrection of a healthy economy here in America. Don't expect housing to have a healthy, sustainable recovery until the private sector (sustainable) job market takes off.
Shiller Data Questions Housing Revival Power: Cutting Research:: www.moneynews.com/Economy/shiller-housing-home-rec...338-1
https://chumly.com/n/16f35e4
Shiller Data Questions Housing Revival Power: Cutting Research:: www.moneynews.com/Economy/shiller-housing-home-rec...338-1
https://chumly.com/n/16f35e4
Friday, September 28, 2012
Who Wrote Obamacare?
Every time law becomes more complex, confusing and bureaucratic there are winners and losers. Usually the winners helped author the law. We know that Obamacare was not written by the legislators, they had to pass it to see what was in it. We also know that it was not a grass roots effort. Twenty seven hundred pages of complex legal content do not just spring into being without lawyers and lots of them. I guess that just leaves lobbyists and special interest groups as the source of America’s most opaque legislation. It looks like, just as ethanol mandates, subsidies and trade barrier are to the corn lobby, Obamacare with its insurance mandates and subsidies will be to medical insurance insiders. Washington DC is an insiders game. During the financial crisis it was America’s biggest financial institutions that were bailed out, so now, in our government-caused medical crisis, our biggest insurers and drug manufacturer will have even more of an inside track. This intense, corrupt collaborative effort between big government and big business will not help either the poor or middle class. It will destroy competition, innovation, and market restraints on cost. While liberalism loves to accuse free market capitalism of greed, the truth is that free market capitalism is the answer to the greed problem. When businesses get too greedy the customers discipline them by patronizing someone else. Greed, however, is completely unrestrained when big government acts with its protection, subsidies, mandates, and bail outs. It always claims to be defending the little guy, but reality trumps rhetoric, and the reality is that big medicine and big insurance had lawyers at the table and we didn’t. So who does wine and dine our politicians? And who wines and dines and buys vacations for our doctors? And who the heck wrote Obamacare?
https://chumly.com/n/16edacc
Every time law becomes more complex, confusing and bureaucratic there are winners and losers. Usually the winners helped author the law. We know that Obamacare was not written by the legislators, they had to pass it to see what was in it. We also know that it was not a grass roots effort. Twenty seven hundred pages of complex legal content do not just spring into being without lawyers and lots of them. I guess that just leaves lobbyists and special interest groups as the source of America’s most opaque legislation. It looks like, just as ethanol mandates, subsidies and trade barrier are to the corn lobby, Obamacare with its insurance mandates and subsidies will be to medical insurance insiders. Washington DC is an insiders game. During the financial crisis it was America’s biggest financial institutions that were bailed out, so now, in our government-caused medical crisis, our biggest insurers and drug manufacturer will have even more of an inside track. This intense, corrupt collaborative effort between big government and big business will not help either the poor or middle class. It will destroy competition, innovation, and market restraints on cost. While liberalism loves to accuse free market capitalism of greed, the truth is that free market capitalism is the answer to the greed problem. When businesses get too greedy the customers discipline them by patronizing someone else. Greed, however, is completely unrestrained when big government acts with its protection, subsidies, mandates, and bail outs. It always claims to be defending the little guy, but reality trumps rhetoric, and the reality is that big medicine and big insurance had lawyers at the table and we didn’t. So who does wine and dine our politicians? And who wines and dines and buys vacations for our doctors? And who the heck wrote Obamacare?
https://chumly.com/n/16edacc
Thursday, September 27, 2012
Obamacare
There's a reason Big Medicine
Wants Obamacare,
Your money's at stake,
Do you have some to spare?
"Pass it to read it",
And what do you get?
Less healthcare choices,
And deeper in debt!
Don't be a fool,
It's not "sharing the wealth",
D'you know what it is?
Taxation by stealth.
Obamacare
Is no Robin Hood,
It raises your taxes,
"for your own good".
Gresham Bouma and staff
https://chumly.com/n/16e72f3
There's a reason Big Medicine
Wants Obamacare,
Your money's at stake,
Do you have some to spare?
"Pass it to read it",
And what do you get?
Less healthcare choices,
And deeper in debt!
Don't be a fool,
It's not "sharing the wealth",
D'you know what it is?
Taxation by stealth.
Obamacare
Is no Robin Hood,
It raises your taxes,
"for your own good".
Gresham Bouma and staff
https://chumly.com/n/16e72f3
Wednesday, September 26, 2012
Obamacare and the BIG Picture
Have you noticed the irony? At least in our local media it’s constantly on display. One day they are telling us we are idiots if we don’t take all the money the government is dumping into PPACA, the next they are wringing their editorial hands over the fiscal cliff facing us in January, then the next they are once again assuring us the Federal government will be picking up the tab for Obamacare for years to come. Are we really this stupid?
Well, call me an idiot if you want for questioning Obamacare, because that is almost the sum total of the arguments for the program. But the arguments against it are powerful and numerous. Today lets look at one of them, the big financial picture.
We have more debt than we can possibly repay. We also have more debt than the 16 Trillion advertised, since the government doesn’t have to follow the accounting rules it enforces on others. But while that debt, that accumulation of reckless spending on our behalf by politicians, is big enough to forever change America, there is another that dwarfs it. The largest debt in the world, the other debt that not only compares with our national debt but actually dwarfs it, is the un-funded liability in Medicare, which is around 83 trillion and counting. This is how much government, if it followed the rules it properly imposes on businesses, should have saved up to cover Medicare commitments already made. This big financial picture is so out of whack that to add to the healthcare programs now, to expand them, is absurd! It is almost as if we can’t read or add anymore. Medicare is hopelessly bankrupt and to fix it we are expanding its sister program? Who are we going to bring in to guide us through the bankruptcy procedure when our government gets done with us? Do these guys in DC really not know that they are taking us deeper into crisis? Is this really just stupidity and greed, or is it betrayal by some? And why, why would they want us going through the financial disaster they are creating?
Note: this article is the first in a series on Obamacare written by Gresham Bouma, candidate for the Idaho Senate, District 5.
https://chumly.com/n/16e037d
Well, call me an idiot if you want for questioning Obamacare, because that is almost the sum total of the arguments for the program. But the arguments against it are powerful and numerous. Today lets look at one of them, the big financial picture.
We have more debt than we can possibly repay. We also have more debt than the 16 Trillion advertised, since the government doesn’t have to follow the accounting rules it enforces on others. But while that debt, that accumulation of reckless spending on our behalf by politicians, is big enough to forever change America, there is another that dwarfs it. The largest debt in the world, the other debt that not only compares with our national debt but actually dwarfs it, is the un-funded liability in Medicare, which is around 83 trillion and counting. This is how much government, if it followed the rules it properly imposes on businesses, should have saved up to cover Medicare commitments already made. This big financial picture is so out of whack that to add to the healthcare programs now, to expand them, is absurd! It is almost as if we can’t read or add anymore. Medicare is hopelessly bankrupt and to fix it we are expanding its sister program? Who are we going to bring in to guide us through the bankruptcy procedure when our government gets done with us? Do these guys in DC really not know that they are taking us deeper into crisis? Is this really just stupidity and greed, or is it betrayal by some? And why, why would they want us going through the financial disaster they are creating?
Note: this article is the first in a series on Obamacare written by Gresham Bouma, candidate for the Idaho Senate, District 5.
https://chumly.com/n/16e037d
Social Security's Insolvency
Without admitting it, this article clearly implies that the Social Security System is insolvent. It is also an implied admission that yesterday's economic good times are no longer part of the "new normal" life in a bankrupt social welfare state. Bottom line? We should have known that retirement was way too important to entrust to the collective.
How high will the retirement age go? - - MSN Money:: money.msn.com/retirement/how-high-will-the-retirem...ge-go
https://chumly.com/n/16df05d
How high will the retirement age go? - - MSN Money:: money.msn.com/retirement/how-high-will-the-retirem...ge-go
https://chumly.com/n/16df05d
Tuesday, September 25, 2012
Govmint's Food Stamp Army
Perhaps most shocking in this short video is the government add to join the food stamp army.
Land of The Freebies, Home of the Enslaved - YouTube::
https://chumly.com/n/16da01f
Land of The Freebies, Home of the Enslaved - YouTube::
https://chumly.com/n/16da01f
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