Compare and Contrast
Reaganomics vs Obamanomics in two simple graphs.
Obamacare mandate struck down as unconstitutional!
From Forbes:
Justice Roger Vinson of the U.S. District Court in Pensacola ruled today that the primary mechanism used by health reform to achieve universal insurance coverage–the individual mandate–is illegal. If his ruling stands it would void the 2,700 page, $938 billion health reform bill passed last year.
“Because the individual mandate is unconstitutional and not severable, the entire Act must be declared void.”
This isn’t the first ruling against Obamacare. Plus, over half the states are suing the federal government over the unfunded mandates in Obamacare.
Obamacare was an extremely unpopular bill that only passed with no Republicans voting for it, and bipartisan support against it.
Quick Round Up
Filed under: American History, economy, History, Our Dear Leader, Politics
Let’s take a look at what’s going on in the world.
U.S. Initial Jobless Claims Rose More Than Estimated Last Week to 454,000
“Unexpectedly” is the word used to describe this jump by those not paying attention.
Social Security now seen to run permanent deficits.
Well ahead of schedule.
Obamacare waivers skyrocket to 729 + 4 states; 4 new SEIU waiver winners
They don’t want Obamacare? They must be racists!
Foreclosure activity up across most US metro areas.
“The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits.” Hmmm…didn’t they hear our Dear Leader say that we have “broken the back of the recession”? Maybe they are just afraid of the violent tone of his rhetoric.
Oh, and to wrap it up. Sage advice from Doug Powers.
“Note to those in the 18th congressional district of Texas: When a woman who once asked if NASA’s Pathfinder took pictures of where Neil Armstrong planted the flag on Mars calls you ill-informed, it’s time to hit the books.”
In other news, the government chocolate ration is being raised from 30 grams to 25 grams.
Mr. Reynolds points out the obvious
“YOU WANT A “SPUTNIK MOMENT?” HERE’S YOUR FREAKIN’ SPUTNIK MOMENT: US Budget Deficit to Pass $1.5 Trillion This Year.”
Yup, Mr. Reynolds nails it in one.
John Cox points out the illusion
Filed under: Barking Moonbats, economy, Our Dear Leader, Politics, Taxes
Yup, The spending and the taxes are real.
The Recovery? Not so much…
Comprehensive List of Tax Hikes in Obamacare
American for Tax Reform has a list of the multiple tax hikes hidden in Obamacare.
These include:
- Individual Mandate Excise Tax
- Employer Mandate Tax
- Surtax on Investment Income
- Excise Tax on Comprehensive Health Insurance Plans
- Hike in Medicare Payroll Tax
- Medicine Cabinet Tax
- HSA Withdrawal Tax Hike
- Flexible Spending Account Cap – aka “Special Needs Kids Tax
- Tax on Medical Device Manufacturers
- Raise “Haircut” for Medical Itemized Deduction from 7.5% to 10% of AGI
- Tax on Indoor Tanning Services
- Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
- Blue Cross/Blue Shield Tax Hike
- Excise Tax on Charitable Hospitals
- Tax on Innovator Drug Companies
- Tax on Health Insurers
- $500,000 Annual Executive Compensation Limit for Health Insurance Executives
- Employer Reporting of Insurance on W-2
- Corporate 1099-MISC Information Reporting
- “Black liquor” tax hike
- Codification of the “economic substance doctrine”
Yup, if you think Health Care is expensive now, wait until the Government makes it “free.”
I got that one right…
Back in September of 2009 I posted the following:
German voters decide to deal with their economic downturn by electing a right of center majority that plans to cut taxes in order to stimulate economic growth.
According to Bloomberg, voters rejected the plans of the “Social Democratic challenger to raise taxes on top earners.”
I’m betting that their plan will work better than our Dear Leader’s socialist fantasies.
Let’s take a look at how that actually turned out. According to the BBC:
“Germany’s economy minister Rainer Bruederle has given an upbeat assessment of his country’s recovery, including the assertion that full employment will soon be possible. He said that Germans were doing well and spending again, and that domestic consumption was strong. Data released this week showed German business confidence at a 20-year high.”
Mean while, here in the US with our Dear Leader and his democrat party running the Executive and Legislative branches of the federal government, we have had a shocking high employment rate, a lackluster recovery (and that is being generous) and continuous tax payer funded payouts to that have not been designed to spur growth, but to reward democrat supporters. We have real unemployment rate hovering around 15% and the democrat lame duck congress looking to extend unemployment benefits beyond 99 weeks. If they had actually done anything to actually boost the private sector economy, that extension wouldn’t be necessary.
All you need to know about Obamacare…
The New England Healthcare Institute – known as NEHI – is a nonprofit, independent health policy institute dedicated to transforming health care for the benefit of patients and their families.
They are probably better educated about the details of Obamacare than the democrats in Congress who voted for it, and they don’t want any part of it!
Some Election Day Videos
First, we see just what the liberal democrats spent the “stimulus” money on…
Next, we learn that most lefties have no clue to what a Keynesian is and even worse, when they do, they are still pretty damn clueless.
Bonus videos:
The hidden cost of the tax code
“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem
Share and enjoy
The democrat vote fraud is starting early and occurring often
This should not be a surprise to anyone paying attention.
Mr. Reynolds has a good round up of recent democrat vote fraud.
Nevada: Voter Joyce Ferrara said when they went to vote for Republican Sharron Angle, her Democratic opponent, Sen. Harry Reid’s name was already checked. Ferrara said she wasn’t alone in her voting experience. She said her husband and several others voting at the same time all had the same thing happen.”
North Carolina: “Sam Laughinghouse of New Bern said he pushed the button to vote Republican in all races, but the voting machine screen displayed a ballot with all Democrats checked. He cleared the screen and tried again with the same result, he said.”
Let’s not forget the vote fraud experts at ACORN. You remember Acorn. Numerous convictions on vote fraud and long and deep ties to our Dear Leader, Barack Hussein Obama.
More details at Michelle Malkin’s site.
From the 2008 election.