Archive for July 2009

Seven More Bank Failures This Week

July 26, 2009

bank_07According to the FDIC’s Failed Bank List, seven more banks failed this week bringing the total for this year to an astounding sixty-four.

That makes more than twice as many as last year (26) and more than 21 times as many as in 2007 when just three banks failed.

And just think – it’s only July. We still have just over five months left to go in 2009. It is entirely within the realm of possibility that 100 or more banks could fail this year. Doesn’t look like green shoots from here.

Stop Obamacare Now

July 26, 2009


(Via Campaign For Liberty)

Stop Obamacare Now!
By David McKalip, M.D.

Congress is foolishly basing its health system reform proposals on the same approach used in Massachusetts. The state has failed to achieve “universal coverage” with about 200,000 (2.6%) of their state still uninsured. In fact, most of the newly insured were covered by receiving heavily subsidized insurance from the state — not due to the mandate to buy private insurance out of pocket. Due to budget overruns, they recently voted to remove coverage from 30,000 legal aliens for a $130 million savings and last year released others who couldn’t afford costly coverage from the mandate. Health care costs are rising much faster than nationally with spending up by 23 percent. Insurance premiums have increased 10-12 percent per year, nearly double the national average. The state is facing $1.5 billion this year in health spending and now is considering cost control programs that will limit care doctors provide to patients. There are too few providers for the increased demand – due to price fixing of doctor pay for decades by the federal government. Thus patients are waiting long periods to see doctors — especially in primary care. Congressional proposals to fix this included allowing nurse practitioners to be designated primary care “providers”, negating the years of training doctors receive and discouraging more doctors from entering the profession to compete against nurses for the same business.

Fortunately there are good Congressional proposals to address these problems and to allow American to escape from the government’s medical cage. Congressman Ron Paul has authored HR 2630, the “Protect Patients and Physician’s Privacy Act”. The bill states that all individuals shall have the ability to opt out of any federally mandated, created, or funded electronic system for maintaining health care information. He also is offering HR 2629 the “Coercion is Not Health Care Act'” which forbids the Federal Government from forcing any American to purchase health insurance, and from conditioning participation in any federal program, or receipt of any federal benefit, on the purchase of health insurance.

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Congressman Paul himself was in Michigan yesterday at a private reception for conservatives. He was speaking about Obama’s “monstrous” health care reform plans.

Former Republican presidential candidate Ron Paul has a frank prescription for the health care plan making its way through Congress: Scrap it.

“I think it’s monstrous,” Paul said.

“I don’t think it will improve medical care in this country. I think it’s very, very costly and we don’t have any money. And they don’t have any way of paying for it.”

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Obama Tax Promises

July 26, 2009

Did anybody actually believe those promises in the first place? Seriously?

The Great Divider

July 17, 2009

obama-whatsthatA new Rasmussen poll indicates that only 35% of Americans are still in favor of creating a government health insurance company to compete with private insurers.

50% of those polled are opposed to the idea with 15% undecided.

Mr. President, are you listening?

Health Care Reform Visualizations

July 17, 2009

Health Care Reform Cost Visualization


Obama Health Reform and Wait Times Visualization (In Lego!)

Ron Paul on Health Care, The Fed, and the Economy

July 16, 2009


Yahoo! Ron Paul. The Congressman was interviewed by Yahoo!’s TechTicker on several subjects. Here are three of them.

Healthcare Is “Not a Right” and Obama’s Plan Will Cost Way Beyond $1T, Ron Paul Says

 Ron Paul: The American People Demand Transparency! Audit the Fed!

How a “Very Pessimistic” Ron Paul Would Fix the Economy

CBO Says Reform Will Increase – Not Decrease – Federal Health Care Spending

July 16, 2009

In the relentless stream of bad news about health care “reform”, this comes in from The Washington Post (emphasis mine): 

CBO Chief Criticizes Democrats’ Health Reform Measures
Director Says Proposed Changes Would Increase Health Care Spending

 Instead of saving the federal government from fiscal catastrophe, the health reform measures being drafted by congressional Democrats would increase rather than reduce public spending on health care, potentially worsening an already bleak budget outlook, the director of the nonpartisan Congressional Budget Office said this morning.

 Under questioning by members of the Senate Budget Committee, CBO director Douglas Elmendorf said bills crafted by House leaders and the Senate health committee do not propose “the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount.”

 “On the contrary,” Elmendorf said, “the legislation significantly expands the federal responsibility for health-care costs.”

 Though President Obama and Democratic leaders have said repeatedly that reining in the skyrocketing growth in spending on government health programs such as Medicaid and Medicare is their top priority, the reform measures put forth so far would not fulfill their pledge to “bend the cost curve” downward, Elmendorf said. Instead, he said, “The curve is being raised.”

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