Archive for September 2009

Fact-Checking the Obama Health Speech

September 10, 2009

o-youlieReason magazine editor-in-chief Matt Welch has the best post-speech fact-check I’ve seen so far. Going beyond just the basic true/false of what Obama said about the (nonexistant) health reform plan, Welch takes measure of the president’s character and how willing we should be to trust his promises.

 

A brief excerpt:

Again and again last night, the president’s numbers didn’t add up. “There may be those—particularly the young and healthy—who still want to take the risk and go without coverage,” he warned, in a passage defending compulsory insurance. “The problem is, such irresponsible behavior costs all the rest of us money. If there are affordable options and people still don’t sign up for health insurance, it means we pay for those people’s expensive emergency room visits.” No, it means that, on balance, the healthy young don’t pay for the unhealthy old. The whole point of forcing vigorous youth to buy insurance is using their cash and good actuarials to bring down the costs of covering the less fortunate.

Such fudges reveal a politician who, for whatever reason, feels like he can’t be honest about the real-world costs of expanding health care. “Add it all up, and the plan I’m proposing will cost around $900 billion over ten years,” he said, trying hard to sound like those numbers weren’t pulled out of Joe Biden’s pants, and won’t be dwarfed by actual costs within a year or two. “We’ve estimated that most of this plan can be paid for by finding savings within the existing health care system–a system that is currently full of waste and abuse,” he said, making him at least the eighth consecutive president to vaguely promise cutting Medicare “waste” (a promise, it should be added, that could theoretically be fulfilled without drastically overhauling the health care system). Any government-run “public option,” he claimed, somehow “won’t be” subsidized by taxpayers, but instead would “be self-sufficient and rely on the premiums it collects.”

Read the rest

Advertisements

White House Says 1 Million Jobs Saved or Created By Stimulus

September 10, 2009

o-lolAccording to the Associated Press,  the Ministry of Truth White House said today that the Obama administration’s recovery efforts have saved or created more than one million jobs so far. That should be great comfort to the more than 14 million people still unemployed.

The article also states (emphasis added):

The report is certain to draw criticism because the U.S. economy has actually lost about 2.5 million jobs since the stimulus was signed in February. Because the White House number is based on economic models, it’s impossible to say for certain what that number would have been without the stimulus.

Well, I guess so. It’s also impossible to say for certain what the number is WITH the stimulus, as the whole guesstimate is based on computer models rather than reality.

Obama’s Healthcare Speech to Congress

September 9, 2009

So many things not to like, but the individual mandate is the most noxious of all. If the government can tax us simply for existing, there is nothing it cannot do.

Well, the best moment of the whole thing was this right here:

UPDATE: Fact Check of the speech here.

Debtor’s Revolt!

September 9, 2009

I am free, no matter what rules surround me.  If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them.  I am free because I know that I alone am morally responsible for everything I do. 

~Robert A. Heinlein, The Moon is a Harsh Mistress

 *************

Human history begins with man’s act of disobedience which is at the very same time the beginning of his freedom and development of his reason. 

~Erich Fromm, Psychoanalysis and Religion

**************

As long as the world shall last there will be wrongs, and if no man objected and no man rebelled, those wrongs would last forever. 

~Clarence Darrow

Gun Sales Up, Crime Rate Down

September 8, 2009

835E7A92-188B-498D-204262137C146608 From Ammoland.com:

Data released by the FBI’s National Instant Criminal Background Check System (NICS) reported 1,074,757 checks in August 2009, a 12.3 percent increase from the 956,872 reported in August 2008.

So far that is roughly 9,076,205 gun bought this year! The total is probably more as NICS background checks may cover the purchase of more than one gun at a time.

This latest jump in background checks show that Americans are solidly in-favor of keeping firearms in the hands of law abiding citizens and clearly shows that proponents claiming the USA wants more gun control are blatantly wrong.

Gun Owners Say No to Gun Conrtol with their Wallets
The increased trend of Americans buying firearms at a record pace was once thought to be a one time fluke caused by fears of the new Obama administration expressed lust for more gun control. But now 10 months in and the wrongly named “fear buying” has now become the norm as law abiding US citizen exercise their constitutional right to keep and bear firearms by the millions every month with no sign of slowing down.

The bulk of the buying has been concentrated on the following types of guns or calibers:

  • Semi Auto Handguns
  • Revolvers
  • Ar15s and all variants of the Black Rifle
  • .50 Caliber

1.17 Guns for Each Person
Conservative estimates of legally owned guns in the USA put the number at 355,029,250 million guns in the USA. That is 1.17 guns for everyone in the USA and if you listen to the liberal press they are all assault weapons. God bless anyone who tries to invade the USA…

Crime Rates Falling
The most stunning in all of this is that we have not seen an increase in crime, murder rates have fallen across most of the USA and Americans have shown that they can be trusted with firearms ownership.  This is directly in contrast to what the national media and gun control supporters would have us believe.

The Fed Under Fire

September 8, 2009

Uh-Oh. China Growing More Wary of US Dollar, Buying Gold

September 7, 2009

3519

As reported at Telegraph.co.uk:

China alarmed by US money printing
The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.

Cheng Siwei, former vice-chairman of the Standing Committee and now head of China’s green energy drive, said Beijing was dismayed by the Fed’s recourse to “credit easing”.

“We hope there will be a change in monetary policy as soon as they have positive growth again,” he said at the Ambrosetti Workshop, a policy gathering on Lake Como.

“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,” he said.

China’s reserves are more than – $2 trillion, the world’s largest.

“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets,” he added.

Continue reading…

In other troubling news, Bloomberg reports that the “UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’

Sept. 7 (Bloomberg) — The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said.

UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said today in a report.

China, India, Brazil and Russia this year called for a replacement to the dollar as the main reserve currency after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst global recession since World War II. China, the world’s largest holder of dollar reserves, said a supranational currency such as the International Monetary Fund’s special drawing rights, or SDRs, may add stability.

Update: Bloomberg just reported that Gold futures climed to $1000 an ounce for the first time in more than six months.

Time may be running out even faster than anyone anticipated.