Glancing at the TV monitor we see "President Obama to speak on the jobs bill any minute." And oh look, there is the presidential podium with a lot of contrived multiculturalism lined up behind it.
Well, Herd, you know what that means.....
Appears at ET 10:57. S&P is 1143
1142.
"Teachers are being laid off in droves." Well now the markets should LIKE this.
"Cops and firefighters." Well everybody likes them. But the S&P slides below 1142 so maybe it doesn't.
"Cuts taxes for businesses that hire new employees." Well no one could EVER figure out ways to "game" that shit. Bonuses for hiring people who have been unemployed for a long time? Uh, and perhaps there is a REASON someone is unemployed for a long time. Just saying.
Oooh, more tax cuts! It's like Bush with a higher melanin count! When the zombie apocalypse breaks out, Bush - instead of shooting them in the head - just would try to deal with it by proposing more tax cuts.
Ah, faux populism. Oil companies, millionaires and billionaires versus all these nice multicultural teachers and cops behind me. SO what do the markets think? Still teetering at the daily low.
Slamming Republicans now. Monkey likes this. He slams Republicans all the time. Nice to hear the ostensible "leader" of those opposed to Republicans get in the act. Market? oooh, 1143. Perhaps a favorable reaction to the unaccustomed display of cojones by the Capitulator-in-Chief.
1144 and an apparent downward tops line break.
And he's off. With S&P at what? 1143. So no conclusive verdict as to the Obitchba effect as of this writing. But certainly there is time for the White House to release some stupid shit and blast the S&P through that support level into another 2.5% down day.
Hey here is the Monkey's proposal for a jobs bill:
"My fellow Americans. Today I am going to send a bill to Congress that REPEALS the so-called Affordable Care Act of 2010. Thank you very much. God bless you and god bless the United States of America."
S&P. Up 100 points on next tick. You know, nothing to stimulate hiring by removing that de facto $250,000 penalty upon businesses for the 50th employee hired. Of course that was 250K last the Monkey read about it, which was sometime last summer. Given that the Monkey's own health premiums have doubled since then for no reason whatsoever one can only imagine what the cost to US business is for hiring that 50th employee now.
Orwellian NewThink in action: when the problem in your health care system is access (brought about by high cost) you "solve" the problem by jamming lots of stuff in that will blow up cost exponentially and just REQUIRE everyone to have ACCESS to this lovely product. Somewhat analogous to dealing with the problem of hunger by blowing up the cost of food and then REQUIRING people to buy it.
OH WAIT! WASN'T THAT WHAT OBITCHBA USED AS AN ARGUMENT AGAINST HILLARY'S PROPOSED MANDATE?
Uh, yeah, back in the day when it was 2008 campaign mode and the sniveling bastard had yet to backtrack on 100% of what he promised.
Either do single-payer - which works pretty well in the 49 countries with better health care outcomes than us at significantly lower cost. Or, oh, maybe address the COST issue by repealing the antitrust exemption and take some other measures to stimulate competition. The lower cost stimulating access and also not imposing crippling financial damage upon the US as the government is forced to subsidize premiums that are skyrocketing because of all the crazy shit jammed into ObamaCare.
Okay, back to work. Once again a demonstration of the mere THOUGHT of ObamaCare being enough to sidetrack the Monkey and send him off onto an extended rant.
Showing posts with label "Slow Train Comin'". Show all posts
Showing posts with label "Slow Train Comin'". Show all posts
Monday, September 12, 2011
Saturday, August 27, 2011
Slow Train Comin' (the nightmare of ObamaCare) Vol. MXIV
Decent Byron York piece here examining yet another of the unintended consequences of what the Monkey believes will go down in history as the single worst piece of legislation to emerge from the sewers of Washington this side of the Alien and Sedition Acts of 1798.
And come to think of it, those horrendous laws actually emerged from the sewers of New York City. Making ObamaCare the worst piece of legislation passed since Washington DC became the US Capital.
Characteristically, York comes to the incorrect conclusion (the plan of these evil SOCIALISTS all along was to move americans onto government-run exchanges.)
Uh, no, the plan all along was determined when Obitchba and Rahm Emanuel decided from moment one to sell out the interests of all americans (democrat, republican, libertarian, and Monkey alike) to the nefarious clutches of the pharma and health insurance lobbies.
Everything past that is an unintended consequence of taking a horrendously inefficient, corrupt, and skewed marketplace bereft of any market competition to begin with and then attempting to micromanage, hyper-regulate, and impose all sorts of further distortions upon it. All in the name of scoring a legislative "victory." And all done in a way that the truly pernicious unintended consequences will not begin to bugger the US economy until after 2016. When Mr. Hopey Changey bitch motherfucker is off earning speaking fees and president Hillary Clinton has to deal with yet another iteration of teabagger assclownery. Kind of ironic there, but in no way fair to anyone involved.
When you attempt to micromanage and hyper-regulate something so vast and complex.... well, how did Nixon's wage and price controls in 1971 work out? Uh yeah, exactly.
Blueprint for MonkeyCare:
1) repeal the antitrust exemption for the health insurance industry
2) allow insurance to be sold across state lines
3) break the pharma industry's ongoing assrapery of the United States by allowing drug reimportation from third-world unsafe places like Canada and Switzerland and the like (and BTW, chalk that up as Obitchba broken campaign promise number about 8 zillion.)
4) allow the market to take over. Regulate SENSIBLY as these motherless fucks in the insurance industry attempt to find new and creative ways to fuck everyone.
But NOOOOOOOOOO. All that shit would make too much sense. And since the insurance and pharma industries OWN both parties nothing like any of that could ever happen.
Just saying.
And come to think of it, those horrendous laws actually emerged from the sewers of New York City. Making ObamaCare the worst piece of legislation passed since Washington DC became the US Capital.
Characteristically, York comes to the incorrect conclusion (the plan of these evil SOCIALISTS all along was to move americans onto government-run exchanges.)
Uh, no, the plan all along was determined when Obitchba and Rahm Emanuel decided from moment one to sell out the interests of all americans (democrat, republican, libertarian, and Monkey alike) to the nefarious clutches of the pharma and health insurance lobbies.
Everything past that is an unintended consequence of taking a horrendously inefficient, corrupt, and skewed marketplace bereft of any market competition to begin with and then attempting to micromanage, hyper-regulate, and impose all sorts of further distortions upon it. All in the name of scoring a legislative "victory." And all done in a way that the truly pernicious unintended consequences will not begin to bugger the US economy until after 2016. When Mr. Hopey Changey bitch motherfucker is off earning speaking fees and president Hillary Clinton has to deal with yet another iteration of teabagger assclownery. Kind of ironic there, but in no way fair to anyone involved.
When you attempt to micromanage and hyper-regulate something so vast and complex.... well, how did Nixon's wage and price controls in 1971 work out? Uh yeah, exactly.
Blueprint for MonkeyCare:
1) repeal the antitrust exemption for the health insurance industry
2) allow insurance to be sold across state lines
3) break the pharma industry's ongoing assrapery of the United States by allowing drug reimportation from third-world unsafe places like Canada and Switzerland and the like (and BTW, chalk that up as Obitchba broken campaign promise number about 8 zillion.)
4) allow the market to take over. Regulate SENSIBLY as these motherless fucks in the insurance industry attempt to find new and creative ways to fuck everyone.
But NOOOOOOOOOO. All that shit would make too much sense. And since the insurance and pharma industries OWN both parties nothing like any of that could ever happen.
Just saying.
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