Krauthammer on Obama-care. the coming VAT, etc
in [Motorcycles]
|
From: Vito on 31 Mar 2010 19:16 "saddlebag" <saddlebag(a)aol.com> wrote [ Look, the man is not perfect, but given the amount of resistance to [ anything he tries to do, I think he's done a pretty exceptional job. I think he has extended Bush's worse mistakes and made his own. His only grace is that he will make Bush the second worst president in history. > But he has fathered a massive entitlement program with Nancy Pelosy. [ Preventing the insurance industry from acting as a robber baron is not [ an entitlement, it's good law. But the bill's he signed didn't do that. They force people who don't need insurance to buy it, a windfall for the "robber barons". That's why Drug, hospital and insurance co stocks went up. I just saw a estimate that prices for young folks health insurance is going to go up 17% next year, thanks to the new law. It also requires employers to report the value of employee health insurance to IRS on your W2. Care to guess why or what's next?
From: 83LowRider on 31 Mar 2010 19:52 > | ...... You'd think we'd have learned something from > | the first time around. > If that were true we'd have quit electing socialists after FDR. True 'dat.
From: saddlebag on 31 Mar 2010 21:06 On Mar 31, 7:05 pm, "Vito" <v...(a)cfl.rr.com> wrote: > "Bob Myers" <nospample...(a)address.invalid> wrote, .p.jm.(a)see_my_sig_for_address.com wrote: > > | > And no one was 'suckered' into anything. ....| > | You must have been in some VERY different closings than I've been. > > I'd like to see a breakdown of how many are in default by: > Purchasers buying a home they couldn't afford. > Speculators who took an unaffordable loan planning to "flip" the house. > Home Equity Loans who's variable rate made them unaffordable. All good points. But what was clearly a minority of the money was loans to low income persons in minority neighborhoods. Yet Republicans love to trot them out as the cause of the whole ordeal. Ridiculous as most things that come out of their mouths, but their fans eat it up like sweet chocolate.
From: saddlebag on 31 Mar 2010 21:08 On Mar 31, 8:31 pm, .p.jm.(a)see_my_sig_for_address.com wrote: > On Wed, 31 Mar 2010 19:05:13 -0400, "Vito" <v...(a)cfl.rr.com> wrote: > >"Bob Myers" <nospample...(a)address.invalid> wrote > >, .p.jm.(a)see_my_sig_for_address.com wrote: > >| > And no one was 'suckered' into anything. ....| > >| You must have been in some VERY different closings than I've been. > > >I'd like to see a breakdown of how many are in default by: > >Purchasers buying a home they couldn't afford. > >Speculators who took an unaffordable loan planning to "flip" the house. > >Home Equity Loans who's variable rate made them unaffordable. > > If it weren't for that ARM, they never could have afforded to > move in in the first place, Which would have been better for > everyone. So then you are for enacting some financial reform? One of the ideas I heard was to force banks to hold some percentage of the loans they write to prevent them just writing a bunch of junk loans they can make fees off of then sell off to the public. As expected, Republicans refuse to discuss it.
From: saddlebag on 31 Mar 2010 21:15
On Mar 31, 6:17 pm, "83LowRider" <a...(a)ddresswilldo.com> wrote: > "saddlebag" wrote > > Look, the man is not perfect, but given the amount of resistance to > anything he tries to do, I think he's done a pretty exceptional job. > Still, I have no problem with pundits, network news, or Joe the > Plumber taking issue with his policies, provided they can make a > reasoned argument of how they could do it better. It's all the Faux > news bozos that have to incite their dimwitted audience to violence > nightly that I take issue with. > ---------- > I watch Fox on occasion, but news in general is just too > controversial and depressing, so I have been watching > much less of it lately. I can find most of what I need in > the papers or internet. That said, I don't care a lot for Beck, > (much too shrill and Maudlin) but I've seen him a few times and > on many of those occasions, he (and others) make reference > to the fact that taking up arms is NOT the answer. Yeah, it's like telling bees not to sting after you beat their hive with a stick. He may have instigated the morons to get ratings, but now that he's implanted all that nonsense in their heads it ain't like he can say "just kidding, chill out" at this point. > > Preventing the insurance industry from acting as a robber baron is not > > an entitlement, it's good law. > > The most recent figures show that insurance companies operate > on a profit margin of 4 to 41/2 percent. You think that's high, > wait until DC starts running it. Profit margin is a meaningless figure. Profit is money AFTER operating costs. If my executive team and I award ourselves obscene salaries, that is not counted in the profits, but in the operating costs. The last United Healthcare guy that retired got a billion dollar pension. I recall reading that something like one out of every nine dollars spent on healthcare in the USA went in his pocket. No need for healthcare reform, really? |