Obamacare did that..

Who woulda thunk that there would be rate hikes on health insurance caused by the stupidity of the progressive unicorn fart sniffing crowd that passed Obamacare so we could find what was in it? Well, some of us not only predicted this, but warned others this was the pan from the start:

Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact.

In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products.

And on and on. Because this thing wasn’t just flawed, but set up to fail and do exactly this to those of us that actually produce and pay for these things. Since Obamacare was passed, my rates have gone up over 30%. And I was not one of the people directly impacted by the individual mandate because I had an employer sponsored plan for which the marxists behind this debacle kept pushing out the date the rules would kick in for fear of the political damage it would cost. Well, the 2014 elections are done, and the chickens are coming home to roost.

And speaking of employers: my employer has done a lot of talking about how they will not stop offering healthcare because they care about employees. This much bloviating is a red flag to me. Too much effort when they could just not even bother. Someone in the industry will sooner than later drop company provided insurance, that’s because the penalty is cheaper than paying for the insurance, and every single company in the industry will follow suit because their competitiveness is impacted – by design, mind you – to dump everyone on the government rolls.

This thing was designed to destroy the worlds most effective and efficient healthcare system – based on the medical capability and access, and not on the bullshit stats progressives like to push such as who gets care at other people’s expense – so the left could pass a single payer system that would give them even more control over the life of the serfs under them. Of course, people that have already used other branches of the government to punish dissenters, political enemies, and anyone they feel disrespected them – from the IRS to the DOJ, or the EPA – would never decide to use healthcare as a weapon against their enemies when they control it.

The left will always resort to tyranny, because that’s the natural and logical conclusion of what they believe in always leads to. The over 100 million murdered and billions made to live in misery, in the name of social justice of all things, during the last century of progressive power has not served to dissuade low information, brain washed, mushy headed idiots from voting for the people preying on their jealousy and envy.

Don’t you know that we need to break a shit ton of eggs for this giant shit omelet they want to feed us, you evil individualist! Power to the nanny state! Get ready to pay a lot more, for less, and have to wait a long ass time to get whatever mediocre service you can get. And don’t you dare complain that you though they would bleed someone else to give the slackers more free shit in return for their votes. Sad to have to admit it, but the only reason I feel justice is happening is the army of idiots that pushed for this monstrosity and are now going to take it up the ass (not that there is anything wrong with that if you are into that).

Thomas Sowell deconstructs Obama and the left’s bullshit

I love Thomas Sowell. This man gets economics and the way the real world works. So as soon as I heard he had a new article discussing the stupidity of another Obama “You didn’t build that” and “Pay your fair share you evil capitalists” moment, I had to go check it out. As usual, Thomas Sowell cleans the floor with the stupid shit liberals say> Here’s an excerpt:

In a recent panel discussion on poverty at Georgetown University, President Barack Obama gave another demonstration of his mastery of rhetoric — and disregard of reality.

One of the ways of fighting poverty, he proposed, was to “ask from society’s lottery winners” that they make a “modest investment” in government programs to help the poor.

Since free speech is guaranteed to everyone by the First Amendment to the Constitution, there is nothing to prevent anybody from asking anything from anybody else. But the federal government does not just “ask” for money. It takes the money it wants in taxes, usually before the people who have earned it see their paychecks.

Despite pious rhetoric on the left about “asking” the more fortunate for more money, the government does not “ask” anything. It seizes what it wants by force. If you don’t pay up, it can take not only your paycheck, it can seize your bank account, put a lien on your home and/or put you in federal prison.

So please don’t insult our intelligence by talking piously about “asking.”

And please don’t call the government’s pouring trillions of tax dollars down a bottomless pit “investment.” Remember the soaring words from Barack Obama, in his early days in the White House, about “investing in the industries of the future”? After Solyndra and other companies in which he “invested” the taxpayers’ money went bankrupt, we haven’t heard those soaring words so much.

Then there are those who produced the wealth that politicians want to grab. In Obama’s rhetoric, these producers are called “society’s lottery winners.”

Was Bill Gates a lottery winner? Or did he produce and sell a computer operating system that allows billions of people around the world to use computers, without knowing anything about the inner workings of this complex technology?

Was Henry Ford a lottery winner? Or did he revolutionize the production of automobiles, bringing the price down to the point where cars were no longer luxuries of the rich but vehicles that millions of ordinary people could afford, greatly expanding the scope of their lives?

Most people who want to redistribute wealth don’t want to talk about how that wealth was produced in the first place. They just want “the rich” to pay their undefined “fair share” of taxes. This “fair share” must remain undefined because all it really means is “more.”

Once you have defined it — whether at 30 percent, 60 percent or 90 percent — you wouldn’t be able to come back for more.

Obama goes further than other income redistributionists. “You didn’t build that!” he declared to those who did. Why? Because those who created additions to the world’s wealth used government-built roads or other government-provided services to market their products.

And who paid for those roads and other government-provided services if not the taxpayers? Since all other taxpayers, as well as non-taxpayers, also use government facilities, why are those who created private wealth not to use them also, since they are taxpayers as well?

The fact that most of the rhetorical ploys used by Barack Obama and other redistributionists will not stand up under scrutiny means very little politically. After all, how many people who come out of our schools and colleges today are capable of critical scrutiny?

And that’s the point though, isn’t it? You target envious low information voters with a head full of leftist mush for support to give pretense to robbing the productive, all while stealing tons of that money, under the pretense of helping those less well off. Now if we had anything like a honest media, they would point out how much money these class warriors bag while peddling this liberal nonsense, no matter what the medium chosen to gain acceptance of thing sane people would never go with, while selling the snake oil.

UNEXPECTEDLY! They spend a shitload again

We have had discussions here about the fact that the Obama administration has presided over an unprecedented growth of deficit spending and US debt. Most of us have pointed out things are not good and heading in the wrong direction. Some have argued otherwise. This administration looks like it wanted to settle the argument once and for all:

WASHINGTON (AP) — The federal government ran a bigger deficit in January, pushing the imbalance so far this budget year up 6.2 percent from the same period a year ago.

The Treasury Department said Wednesday the deficit for January stood at $17.5 billion compared to $10.3 billion a year ago. For the first four months of the budget year that began in October, the deficit widened to $194.2 billion from $182.8 billion during the same period last year.

The budget deficit has gradually narrowed since 2012, which was the fourth straight year in which it topped the $1 trillion mark. The improvement reflects the country’s economic recovery from recession. The government is seeing higher tax revenues as people go back to work and smaller payments for safety-net programs such as unemployment assistance. It also represents efforts by Congress to control deficits through higher taxes and across-the-board spending cuts.

First off, the AP political hacks are full of shit when they pretend there has been an economic recovery of any kind. These assholes have been playing fast and loose with the numbers for 6 years now to convince people that the idiotic tax and spend, big government nanny-state, central planned practices favored by the collectivists in charge, actually work. But the facts are that the only people doing well are the super-rich and the freeloaders. And of course the political class has really raked in the dough and drastically expanded their ability to lord it over us serfs. The middle class however, is getting hammered. The number of employed people in this country is at an all-time low, and the trending shows that it will go lower despite all the efforts to pretend otherwise. The number of freeloaders has also hit a new record, and the trending shows that it will continue to go up. The really rich, the people the left loves to pretend to hate, are raking in the cash. The country is being invaded, by design, and with help from the nanny-state entities in our government that want to fundamentally change the balance of power by making the freeloader class undefeatable at the polls. That’s “social justice” and the signs of an economic recovery for the left I guess.

Recovery my fucking ass. And the government is raking in a ton of cash in taxes despite their actions and efforts, mostly by fucking over businesses and the upper middle class. The point that should never be lost is that the left will never lower spending. These excuse makers responsible for this propaganda piece masquerading as news all but admit that they are cool with the insane jump in spending, because the tax revenue is up! The label “Tax and spend” is absolutely accurate. I bet they saw a projected 3% jump in revenue, so they did a 6.2% jump in spending. That’s what leviathan does.

We need to get rid of the collectivists and dismantle the “vote for a living” state they have created before the whole house of cards comes tumbling down.

Too big to fail uber alles!

Why would anyone be surprised to find out that collectivists pretending to be solving a financial problem opted to implement more of the too big to fail and centrally planned solution, despite the fact we have history showing this approach will lead to trouble and failure?

A new study by Marshall Lux and Robert Greene reports that since the enactment of Dodd-Frank community banks have lost market share at twice the rate that they did prior to Dodd-Frank.

The authors note that many of the regulations implemented pursuant to Dodd-Frank are not linked to the size of the institution, thus there are economies of scale in regulatory compliance. Thus, regulatory costs tend to fall proportionally heavier on smaller banks, which, in turn, tends to promote consolidation of the industry (as I noted several years ago when I predicted that Dodd-Frank would promote industry consolidation).

The study has lots of interesting data on the industry patterns of lending by various types of banks as well, most notably that large banks tend to make fewer agricultural loans than community banks.

This result was to be expected and is only news to people that believe doing the same old dumb pseudo-marxist shit will suddenly produce a different result. If anything, history, replete with examples of how this stuff fails, stagnates, and breeds inefficiency and trouble, shows us that the statists on the left believe in an unholy alliance between state and big business. In their minds it provides them with the ability to micro manage and centrally plan. That it only serves to create a monopolistic environment where innovation and cost reduction are destroyed by ever growing protectionist regulation and that the people forced to deal with these entities lose out, seems to escape these moron’s ability to cogitate.

The demcorats created the “too big to fail” entities they then successfully managed to convince an ill informed and low information based public was Boosh’s fault. Dodd-Frank upped the ante here. Those of us that pointed that out were told that it was needed to curtail evil people in the financial industry, as if the problem wasn’t with the system, the rules, and implementation of contradictory and bad regulations that encouraged the bad behavior in the first place. People should not be surprised that what we end up with will be giant unresponsive, bloated, inefficient, and costly financial conglomerates, in bed with our own government, and a system that remains fragile and prone to costly and painful implosions.

But don’t worry. The democrats responsible for the problem in the first place will be more than happy to throw oodles of tax payer dollars, syphoned from the productive, at the problem. Then they will blame the rich, the financial sector, republicans, and anyone they can conveniently scapegoat instead of themselves and their wealth redistribution schemes and scams. They will demand the right to fix the problem they conveniently blame on others, like they did when they created Dodd-Frank. And when their regulation results in even more of the same, but just on steroids, they will rub their grubby hands together and laugh at the envy and jealousy driven idiots that will go along with them yet again.

Collectivism sucks.

It is only a failed presidency if you don’t understand the destruction is by design

Town Hall has a post up dealing with Obama’s failed presidency. Those of us that no longer remain in the dark know better. Obama has achieved a lot of what he set out to do, as he promised he would when he made the claim he would fundamentally transform America, but the problem is with the people that think he meant to improve things. To the left and Obama the only failure on their part was to not straddle us with even more destructive marxist bullshit. More fast growing debt, millions of illegals sucking at the government’s teat, millions of people unable to find work and forced to suck at the government’s tit, millions of people that have made sucking at the government’s teat their way of life, and the middle class under assault and driven to collapse by the government tax and regulatory burden, have all been bonuses to these fucking crooks. That’s the plan they had from the start, because they think we are all too stupid and in need of micro management.

Oh yeah, the LSM must be doing battlespace preparations for the coming elections as well, considering the number of articles telling us that lying is not a bad thing. Sure this is not really about politics, but this belief that lying is a good thing is part and parcel of the left’s modus operandi. Remember Obamacare? Shit, might as well say “remember the Obama presidency?”, because it has all been lies and criminal acts.