Skip to Content

Economy

Union that backed Obama calls for repeal of Obamacare

Whoopsie.  Once they realized what it was really going to do for to them, this roofer's union got all panicky and now wants it repealed.  From Public Secrets:

Because they’re finally realizing that it’s a crappy idea horribly implemented and that, no, fairies riding unicorns won’t bring you free healthcare after all:

Organized labor was instrumental in getting the Affordable Care Act passed in 2010, but more recently has voiced concerns that the law could lead members to lose their existing health plans. The United Union of Roofers, Waterproofers and Allied Workers is believed to be the first union to initially support the law and later call for its repeal.

“After the law was passed, I had great hope … that maybe the rough spots would be worked out and we’d have a great law,” said Kinsey Robinson, international president of the union, which represents 22,000 commercial and industrial roofers.

Like many unions, the roofers insure members through a so-called multiemployer health insurance plan that’s jointly managed by employers and the union. Mr. Robinson says the union’s concerns about the law began to pile up in recent months after speaking with employers.

A quick guide to President Obama's budget

GOP House Approves CR That Funds All Obamacare--Including Regulation Attacking Religious Freedom

Way to stand your ground!  Not.  CNSNews:

The Republican-controlled House of Representatives voted 267-151 on Wednesday to approve a $982-billion continuing resolution (CR) to fund the federal government through the rest of fiscal 2013 that fully funds the implementation of Obamacare during that period.

The House Republican leaders turned aside requests from groups of conservative members to include language in the bill that would have withheld funding for implementation of all of Obamacare, or, alternatively, that would have withheld funding for the Obamacare regulation that requires health-plans to provide cost-free coverage for sterilizations, contraceptives and abortion-inducing drugs.

...

Similarly, 14 Republican House members, led by Rep. Diane Black (R.-Tenn.) and Rep. John Fleming (R.-La.), wrote Boehner and Cantor last week asking them to include language in the CR that would reverse the sterilization-contraception-abortifacient regulation in order to protect the free exercise of religion, which is guaranteed by the First Amendment.

Federal debt increased $50,521 per household in the last four years

I have enough stress dealing with the debt I incur on my own.  I don't need another 50 G's added to that.  CNS:

During Barack Obama’s first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.

The new federal debt accumulated in Obama's first term equaled approximately $50,521 for each of household in the country.

On Jan. 20, 2009, when Obama was first inaugurated, the total debt of the federal government was $10,626,877,048,913.08, according to the U.S. Treasury. As of the close of business on Jan. 17, the last day reported by the Treasury before Obama’s second inauguration, the total debt of the federal government was $16,432,631,489,854.70.

Thus, from Obama’s first inauguration to his second, the federal government’s debt grew by $5,805,754,440,941.62.

Given that the Census Bureau currently estimates that there are 114,916,000 households in the United States, the $5,805,754,440,941.62 debt increase under Obama equals about $50,521 per household.

Reality of the fiscal cliff deal

Now that the Election Is Over, the Washington Post Admits that the Obama Recovery Has Been Terrible

Timing is everything.  Source: International Liberty

I agree that Obama inherited a crappy economy, and I think it is silly to assert that he bears any responsibility for the severity of the 2007-2009 recession.

But it is very fair to hold him responsible for what's happened since the recession ended. I've cited data from the Minneapolis Federal Reserve on both employment and gross domestic product to show that Obama has presided over the weakest recovery in the post-World War II period.

And I think it is fair to blame Obama for the economy's anemic performance during that time, largely because his agenda of faux stimulus and Obamacare exacerbated the statist policies of Bush. In other words, he promised "hope" and "change," but delivered more of the same.

Bovine exodus from California?

This is actually quite interesting.  I never knew there was government cheese before...

It's not just millionaires and billionaires who are fleeing the economic madness in California. Even cows are starting to depart for greener pastures. That's right, 400 bovine refugees shuffled off to Kansas just this month, with more expected to follow as over 100 dairy farms in California close their doors.

Why are cows voting with their hooves?

It's hard to find a government program as insane as the complex web of price supports, market orders, direct payments, diversion programs, herd reductions, import barriers, export subsidies, and stacked-to-the-rafters cheese warehouses that characterize Uncle Sam's efforts to "rationally manage" the dairy market. If you really want to understand how crony capitalism works to create market conditions only a Soviet commissar could love, take a look at what happens when byzantine federal regulations collide with state interventions.

Around the time of the New Deal, guaranteeing the milk supply joined life, liberty, and the pursuit of happiness as one of the cardinal responsibilities of government. While this may be ascribed to a desire by politicians to always have enough babies to kiss, some suspect that buying the votes of dairy farmers had something to do with it.

Syndicate content


© Copyright 2014 mangrums.net

about seo