A 1-In-100 Blogger: July 2009

Wednesday, July 22, 2009

It's a Bird... It's a Plane... It's Obama!

Things were great in America - across the globe in fact. Nothing could slow down the stock market. Distant cries of excitement could be heard around the world, "We're in the money!" So it goes... then the inevitable happened.

The Great Wall Street Crash of 2008.

The Dow's worst week finally came to an end. Desperately in search of a hero, Wall Street, the United States, and the entire world thought they had found their guy - a 'selfless' someone to break the economic free-fall and put a stop to the madness! Treasury Secretary Henry Paulson.

Similar to Lex Luther, a villain in disguise, it turned out that Hank Paulson conned an already bewildered U.S. Congress and a integrity-lacking Democratic House Speaker Nancy Pelosi into handing him a 'no-strings-attached' $700 billion check - paid for by the U.S. taxpayers. Paulson held a bazooka to taxpayers’ heads: "For the survival of the economy. No time for deliberation. No time to review the failures of such interventionist approaches around the world. Now, now, now! Gimme, gimme, gimme!"

Also faintly similar to Luthor when he used a crisis to help super charge his Presidential campaign, Paulson too is ultimately assisted by the unpopularity of the previous administration's mishandling of the economy and financial markets. In Paulson's case, he simply had "other plans" to spend his hard earned $700 Billion. Of course, none of his true intentions were aforementioned prior to receiving taxpayer dollars. None the less, his con was revealed. The right question was finally asked by Congressman Stearns: "Mr. Paulson, how do you have any credibility?"

This story isn't over yet folks. It's just beginning! Like Superman who's the hero countering an evil Lex Luther, America also needed a superhero to counter its villain. The United States was in need of a real hero - with emphasis on the 'O'. But where could such a man be found? The fairy tale suggests it must be one not born in the U.S., or on Earth for that matter. Where is the Hope?! Who will give the needy some Change?

Look! Up in the sky!

It's a Bird... It's a Plane... It's Obama!

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He spoke with such prevalence, Obama made so much sense! His charming looks and the intellectual conversations with a teleprompter put it all into perspective for his followers. Barack Obama the hero - here to fix the USA!

With a straight face and full of confidence, America's hero said, "I think my initial measure of success is creating or saving 4 million jobs." To show his courage and might, just months later, only 6.5 million jobs had been lost.

Even more astonishing: Obama's pledge didn't end there. The great hero also made the statement, "I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

Besides pushing through the largest tax hike in American history, along with other massive tax increases to fund socialized health care, Obama absolutely held to his word. A carbon tax increase here, a soda tax increase there, why were some people still so worried? This of course didn't account for the other tax increases on small businesses which kill jobs and slash wages, but who's counting? Obama said that only the wealthiest people will have to pay for everyone else to get free stuff! Who doesn't like free entitlements?

His followers believed in every word he spoke, they believed in him. They trusted Obama. His plan was proof that idealism really was the right way to run the U.S. government. To show their gratitude, America and the world spoke back to their savior, collectively they said, "Thank you, Mr. Obama; thank you, hero."

Friday, July 17, 2009

Obama Health Care In The Year 2020

What will Health Care be like in the year 2020? How about even further into the future during the year 3000? Dane Cook once joked that in the year 3000 everything will be instant. Metaphorically in-line with Health Care, he also poked fun at how the DMV will still be a cause of frustration. See Dane Cook tell it (video).

Dane Cook joked, "In the year 3000, everything will be instant... but the DMV will still take, like, nine f**king seconds."

Now there's a government program in action! Paying huge taxes and taking a number is a terrible idea. If you can't stand the DMV - just wait until you have a medical problem. ObamaCare will hope to schedule you an early appointment for the next available time-slot: six months away. If it were the year 3000 you would be begging for a number at the DMV - pleading for only a nine second wait. Everything will be instant except for ObamaCare; but in the year 2020, it'll take six months.

And what's a person's name mean anyway? Under the ObamaCare Health plan you'll be a number instead. Here's how you can predict what your new name will be: take the last 4-digits of your social security number, and then add the initial of your last name to the beginning of your SSN. Then at the end of your new name there will be a random letter (or two), this will be the district given to you, it'll designate the district for available health care providers you can take a number for. Think you get a choice? Nope. The government will control your medical needs for you. Very, very slowly too...

Fast-forward to six months later - the alarm clock didn't alarm, the kids were unusually slow getting ready for school, and nothing went right. You finally got to your car, touch the finger-print secured start button, ready to drive to your long-awaited doctor's appointment. Nothing. Car won't start. Forget to transfer money into your designated government Visa account? Notice the paper hanging from the receipt printer on your Government Motors dashboard? Believe it - Government control goes that extra mile. It reads:

"Your designated visa account rejected your Road Use Tax in the amount of $87.32 for the month of June, 2020. You must insert a valid account card to activate your automobile."

Replacing by-the-gallon fuel tax, you'll get a monthly tax bill based on each mile you drove — tracked by a Global Positioning System device in your car and uploaded to a billing center. Forget to pay? Your car simply shuts down. The new by-the-mile tax system will give government much more than a new tax collection mechanism; it will give government much greater control over everyone.

This begs another question: How are we going to pay for this new low quality health care? What would happen if we didn't increase taxes for everyone to pay for ObamaCare? Vice President Biden defended Obama's $787 billion down payment, saying without it, "we're going to go bankrupt as a nation." He said it saved thousands of jobs of public employees, including jobs in schools, fire departments and law-enforcement, and punctuated his point by announcing $1.6 million in new federal stimulus cash for Richmond's police department. "Those billions of dollars get poured back in the economy," he said, turning to face John Fernandez, owner of DayStar Desserts in Richmond. "It means someone's buying your desserts, it means someone's going to the local shoe store. It means people's jobs."

Meanwhile, in reality, the unemployment rate is skyrocketing and the stimulus has not succeeded.

So why is the Obama administration touting success when the reality is people are losing their jobs? Can the government not see that families are going into economic free fall?

At the same time people are losing their jobs and finding it more difficult to get another job, taxes are going up - for everyone. According to a new Bloomberg report, if the health surtax rate is 5.4 percent, taxpayers in 39 states will pay a top tax rate over 50%. The chart with the rates for each state is here.

Greg Mankiw thinks top tax rate may soon exceed 50 percent.
"I believe the relevant marginal tax rate is even higher than the Tax Foundation suggests. Their calculations seem to ignore sales taxes, which are significant in many states. Because income earned will eventually be spent and thus subject to sales taxes, sales tax rates need to be combined with income tax rates to find the true tax wedge that distorts the consumption-leisure decision. Once sales taxes are included, a top earner in a typical state would face a marginal tax rate of about 55 percent."

Even worse (and apparently unbeknown to Biden, Barack Obama and his gang), Congressional Budget Office Director Douglas Elmendorf said the health care overhauls released to date would increase, not reduce, the burgeoning long-term health costs facing the government. So, like, if the U.S. is treading in deep water and getting fearfully close to bankruptcy, doesn't that mean this could be the burden that breaks America's back? Could it be that Barack Obama's out of control spending and hope for low quality health care for all is in fact The Problem? Indeed it is.

If Congress' own independent budget analyst said reforms now being considered would do little to control rising costs, one thing is for sure, it will increase burden on taxpayers to fork over more of their hard earned money to pay for a failing plan's estimated $1 trillion cost - which still only covers the next 10 years. Maybe Geithner should just print more money, that should solve the problem. Right?

Rush Limbaugh further detailed the worst part about all of this, which is that this stimulus plan is doing everything its "architects" intended it to do. That's prop up the states first and prop up Democrats first, prop up unions first and second, and not ever stimulate the economy.

Limbaugh said, "It has been pointed out to me, by the way, and this is a good point, that the Democrats, Biden and these guys, are saying the same thing about the economy they said about weapons of mass destruction in Iraq. All of these Democrats, remember how eager they were to go in there and take out Saddam, Hillary and all that bunch. They believed, 1998, we have the audio of all of them saying Saddam's got these nuclear weapons, mass destruction weapons, we gotta go in there and get 'em out, bad, bad, bad, when Bush said so, they did, same thing. But then, when no weapons of mass destruction of significance were found, what happened? Well, Joe Wilson surfaced and that started this whole parade of Bush lied, Bush lied to us. And that's essentially what Biden is saying, the same script, when Biden says, we misread, we guessed wrong, we didn't know how bad it was, they're saying they've been lied to again. These poor old Democrats lied to again."

The phrase is: Obama Lied and the Economy Died.

I pointed this out in February of 2009, how we're told the record spending by our government is "necessary," because we’re in an economic crisis. Barack Obama and his thugs are still using the same tactic, too! They continue forcing wave after wave of increased taxes and spending, at the same time warning of “hazards and reverses” the economy will face, stressing grim economic statistics and warning of economic “catastrophe” if their agenda fails to pass. And so it remains. Obama Lied; the Economy Died.