“Drain the swamp we did, as this was a terrible place. We made a tremendous difference, and I take great pride in that.”
~ Nancy Pelosi at a weekly press briefing
It is impossible to describe what four more years of an Obamacracy will be like in just one article. Going over the last four years as a guide to what the next four will be like makes it clear that we have Obamageddon in our future.
Obamageddon: poor self-defense; unsustainable & heavily-rationed healthcare with seniors at the bottom of the food chain; no budget and uncontrolled spending; a poor credit rating, making the cost of borrowing extremely expensive; high taxation, even global taxation and taxation without representation; and regulations driving up the cost of doing business not only expensive but even dangerous, with people who fail to meet the letter-of-the-law facing jail terms (remember the armed raid of Gibson Guitars for Rosewood fretboards that they had permission from India to import?)
An all-time favorite for conservatives is the gutting of missile self-defense by Barack Obama. Four more years should leave us defenseless and by then we will probably have a nuclear Iran.
If you will remember, an emboldened Putin demanded red button rights over our missile defense system in Europe. They actually said they wanted day-to-day operational control. Judging from the open mic with Medvedev, I’d say Obama might give it to them. [Telegraph UK]
The open mic video followed a discussion on missile self-defense:
Do people remember when the White House was planning out Obamacare and Pelosi et al were fearful that doctors would start dropping seniors on Medicare because they would be forced into taking extremely low payments?
During the demonization of doctors’ campaign, the Obamobsters decided the solution was to spy on the doctors:
…Beginning in the next few months, people posing as patients call doctors’ offices and requests appointments, some for a potentially serious health problem and others for routine care. All doctors’ offices will be called at least twice to determine whether they are willing to take in new patients with private insurance while telling participants in government health programs to look elsewhere.
Internists and family doctors were unhappy and said it would add to the physician shortage.
They also complained that it is deceitful for the federal government to launch a mystery shopper investigation.
“I don’t like the idea of the government snooping,” said one Washington doctor. “It’s a pernicious practice — Big Brother tactics, which should be opposed.”
The Obamobsters backed off the plan June 28, 2011 according to a release because it was so unpopular with doctors. [I wonder why]Obama won’t back off after his “last election” when he has “more flexibility.”
Obamacare’s IPAB (Independent Payment Advisory Board) aka Death Panels replaces MedPac, which was an advisory board for Medicare. IPAB is not advisory – it’s a rogue government-within-a-government in the Executive Branch with power over the Congress – so much for the balance of powers.
It is comprised of a 15-member panel appointed by the President and approved by the Senate. None of the appointees have to be medical professionals. Their decisions are not recommendations as in the case of MedPac, their decisions are automatic laws not subject to congressional approval. They get to tell Congress what to do.
The claim is that IPAB will not ration care per se but the truth is that they will have the power to tax and to limit payments to doctors and hospitals. Either taxes will go up without our permission or doctors and hospitals will be forced to ration care.
This past month, hospitals started receiving fines for frequent readmissions of Medicare recipients.
President Obama seems to think that doctors and hospitals should work pro bono when the government mandates it.
Former Rep. McDermott, said that we (the patients) will be given as much information about our healthcare as possible under Obamacare, but ultimately, the government has to decide because of the costs. The video of his proclamation has since been removed from YouTube but his words are indelibly written in my mind.
Nancy Pelosi wanted to make it illegal to not carry health insurance and hoped to jail people who didn’t pay up. She backed off – for now.
The IRS is hiring 15,000 more workers just to monitor our healthcare. What could possibly go wrong with that and who wouldn’t want IRS agents regulating healthcare?
If you are wondering how things are going to go, listen to Obama tell Mrs. Strum to take a pill:
Expect a lot more bloated government with more government workers and their costly pensions and benefits paid for by people who make less than they do. If you thought the housing bubble was bad, wait until you see the unsustainable government bubble.
This video of Harry Reid is from 2006. It could be an anti-Obama ad.
There is a new president in the White House and Nancy Pelosi now likes spending and debt.
The budget deal worked out with congress cuts a mere $1 trillion in the rate of growth of spending over ten years and it doesn’t even start until 2014.
The Democrats like to blame Republicans for the debt and deficit but they resist any move towards cutting. ”
We have not seen a budget in four years. We have seen spending bills which congress is required to pass to prevent the government from shutting down. The first thing the Democrats did when the Republicans threatened to prevent the raising of the debt ceiling was to freeze military pay. Social Security was also on the table as one of the first things to be cut. On one day, the government borrowed $239 billion in one day [Washington Times].
Black Caucus leader, Emanuel Cleaver, said this about the measly cuts:
Ernest Hemingway he’s not, but typical democrat he is.
Once upon a time, Obama said he’d go through the budget line-by-line. I hope you didn’t hold your breath waiting. He has Obamanesia.
We have had trillion dollar+ deficit budgets each year President Obama has been in office, adding 6 trillion dollars to the debt.
We borrow almost $5 billion a day, much of it from China to buy from China [demonocracy].
This doesn’t count the quantitative easings which enable us to print funny money to buy our own bad debt. Expect this to get much much worse.
Economic weakness will weaken our power throughout the world. General Mike Mullen said this past May that “the national debt” is “the single biggest threat to our national security. ”
The U.S. credit rating fell for the first time in our history under President Obama. S &P was the first to downgrade us and shortly thereafter they found themselves under investigation by the DOJ.
Egan-Jones lowered our rating afterwards and they were also investigated on an old beef.
PIMCO says that it is now inevitable the U.S. will be downgraded again which will lower economic growth by about 1.5 percentage points next year.
Since Obama has no plan to even cut the rate of growth of spending, expect this economic disaster to continue at our peril.
President Obama’s reaction to the rating downgrade in the following video includes the usual talking points:
- It’s Congress’ fault even though the Obama budget was rejected by every member of the Senate and most of the House.
- Taxing the rich is the answer even though it will only bring in $90 billion a year which is almost half of what we borrow in a month.
- Obama talks glowingly about his Simpson-Bowles Commission in this soundbite, the same commission he ignored. .
President Obama has always intended to raise taxes on everyone which will happen on January 1st if he is re-elected. He has said as much. The Bush tax cuts which have been in effect since 2001 will end. It is known as the fiscal cliff because it will end the minimal economic growth we are seeing.
“Every corner of the federal government has to be looked at here,” White House adviser and ’08 Obama campaign quarterback David Plouffe said, in one of his numerous appearances on Sunday TV talk shows as a prelude to the President’s address on the budget and deficit today. “Revenues are going to be part of this”—by which Plouffe was, the New York Times reported, “referring to tax increases.
Obama has a war against private enterprise and anyone who makes $250,000 and more is on the firing line but everyone’s taxes will go up on January 1st. He doesn’t believe they built that and he wants their money.
He believes in spreading the wealth with the Executive Branch as the wealth spreader:
VAT tax or Value added tax is something the administration wants. It is a tax on everything every step of the way. It is taxation without representation because once it is in effect, the politicians can raise the tax at will.
Global Taxation under the auspices of the U.N. is a must according to this administration. The fact that the U.N. is Marxist, hates us, and is corrupt seems to hold no weight. They are about to tax our Internet without a word against it from this administration. They are going to put a global tax on cigarettes and there are other things to tax in their pipeline such as taxing our planes entering their airspace.
Biden wants another global tax on our companies even while they are talking about raising the capital gains to astronomical levels:
Taxed by the Miles We Drive is coming. The EPA has it on their plate. In order to reduce emissions, they will keep us off the roads by making it very expensive. Cars and driving could become a pastime for the rich. Goods that are transported, which is almost all goods, will become far more expensive.
This is an issue that people must be made aware of because everyone pays for them and the Obama regulations are out-of-control.
Reuters reported recently that regulators ordered Wall Street to hand over trading secrets, even their secret computer codes. This is their intellectual property! The government wants to use the information to spy on them. The likelihood is high that the government will not keep the information from falling into the wrong hands to say nothing of the fact that this is yet another government overreach. It is an assault on our market.
Regulations have been steadily shrinking the private sphere vis-à-vis the political. In 1950 the Federal Register contained “only” 3,800 pages of federal regulations. Today it exceeds 68,000.
America’s regulatory burdens are hurting us in the global marketplace as our foreign competitors reduce their regulatory costs. Click to find out what will happen if if capitalism capitulates.
Regulations that stifle business will continue to increase. Despite efforts to freeze non-security discretionary spending, the budgets of federal regulatory agencies are increasing in both 2011 and 2012. The estimated cost of running regulatory agencies in 2011 is $54.9 billion, a 4.3% increase over 2010 spending. The president’s budget requests an additional increase of 3.0% in 2012, for a total regulators’ budget of $57.3 billion.
On his radio show, Larry Kudlow discussed the size and enormity of government regulations in the last decade, now increasing at a phenomenal rate under Obama.
According to a Lafayette Study, between 2000 and 2004, the cost per worker of all federal regulations increased by $224 or a 4.1% increase, after adjusting for inflation.
In one year, from 2008 to 2009, proposed rules jumped to an alarming 19.3%.
In 2010, federal agencies issued 3,573 final rules.
Given 2010’s government spending (outlays) of $3.456 trillion, the regulatory “hidden tax” of $1.75 trillion stands at an unprecedented 50.7% of the level of federal spending itself. [The cost of the regulatory state]
Tom Donohue, CEO of the Chamber of Commerce, gave his annual State of Business address in Washington and said,
“When it comes to the nation’s economy, we begin 2011 in better shape than we found last year,” said Tom Donohue, chief executive of the U.S. Chamber of Commerce. “Yet we still face a number of risks that could send us in the wrong direction.” He said that if regulatory roadblocks were “swept away,” 180 billion would be freed up to invest in the economy. Donohue said the Dodd-Frank Wall Street reform act passed last year contains 259 rules, another 188 suggested rules, 63 reports and 59 studies.
“The resulting regulatory tsunami poses the single biggest challenge to jobs, global competitiveness and the future of American enterprise,” said Donohue, who blamed regulations for costing the U.S. economy $1.7 trillion per year. Donohue talked about the EPA, The Labor Board, and the new healthcare bill as damage the business sector.
The Department of Health and Human Services and the Internal Revenue Service recently issued 18-pages of regulations just to describe what a “full-time employee” is. Of note, to the Feds a full-time employee works an average of just 30 hours a week, not the normally accepted 40 hours.
Four more years of Obamanomics will bring the regulatory tsunami that Mr. Donohue speaks of.
President Obama said he’s tackling regulations. Of course that is not true.