Monday, May 2, 2016

Obama's Parting Gift

The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare.
But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates.
Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.
http://www.politico.com/story/2016/04/obamacare-rate-hikes-a-looming-political-headache-for-democrats-222663

It would be only too sweet if this becomes the issue that tips the election.

SCOTUS Is All

I don't want Trump, but a GOP is all that is left to defend the court from the progressive menace, a dose of heavy handed government, less restrained by the day, that the republic can't live through.

61% of Republican voters, and by that I mean actual, registered Republican voters, don’t want Donald Trump as their nominee. The 39% that support Trump, and by that I mean the about 15% of Republican voters who rarely vote and the Independents and Democrats who crossed over in open primary states, might just find themselves on the morning of June 8th thinking, “Wait, I thought we’d won this?!”
This, my friends, is what we call in running “a receding finish line.” It happens when you have hit empty in the tank with enough of the race left that more than a few can pass you and the finish line seems to get further away with each stride.
The 800b gorilla is about to jump on Trump’s back and he’s going to start flailing down the finishing straight, complaining the entire time about a “rigged” system that has rewarded him 100% of delegates for winning 35% of the vote in some states. There is a very good chance that instead of crossing the finish line in first, Trump falls flat on his face.
http://theresurgent.com/why-todays-romp-by-trump-doesnt-matter/

Anything's Better than Clintonism

Heaping contempt on the Hillary, and well stated.
And then there is the ultimate proof that Hillary is an unreconstructed warfare statist who would bury America deeper in foreign quagmires and fiscal chains. To wit, she has become so blinded by the parochial delusions of Imperial Washington that she actually likened Vladimir Putin to Adolf Hitler.
C’mon. The man’s a monumental crook and no model citizen of the world, but he is no threat to American security whatsoever.
He presides over a third rate economy no larger than the GDP of the New York SMSA that essentially consists of a complex of petroleum fields, grain farms and metal mines and a lethargic work force with a fondness for Vodka.
Until the constitutionally elected government of Ukraine was overthrown by a Washington funded mob of  economically deprived citizens, disgruntled nationalists and crypto-Nazi agitators in February 2014, Putin was basking in the glory of the Sochi Olympics and having petty quarrels with the crook who took-over the tiny state of Georgia after the Soviet Union disappeared. The world disdained his oafish character, but no one claimed that he was fixing to invade Europe.
At the same time, any one who knew the slightest thing about Ukraine’s history and its long co-existence in the shadow of Mother Russia understood that bringing it into NATO was a decidedly stupid idea, and that threatening Russia’s rented naval homeport in Sevastopol, Crimea was sheer folly.

http://davidstockmanscontracorner.com/anything-trumps-hillary/

Friday, April 29, 2016

Were You Paying Attention?

For those who were paying attention, none of this is a surprise. It was always a fantasy to think that more government intervention was going to improve a health care system that already was cumbersome and expensive because of previous government interventions.
By the way, IBD isn’t the only outlet to notice the ongoing disaster of Obamacare.
Let’s look at some other recent revelations.
Chris Jacobs writes, “For millions of Americans, the Left’s insurance utopia has rapidly deteriorated into a bleak dystopia,” while “the ‘cheaper prices’ that the president promised evaporated as quickly as the morning dew.”
John Graham explains that “CBO estimates Obamacare will leave 27 million uninsured through 2019 – an increase of almost one quarter” and that “CBO estimates 68 million will be dependent on the [Medicaid] program this year through 2019 – an increase of almost one third in the welfare caseload.”
https://fee.org/articles/obamacare-strikes-out-on-affordability-savings-coverage/?utm_source=newsletter&utm_medium=email&utm_campaign=fee_daily&mkt_tok=eyJpIjoiWlRJM04yVmtOak0wTldGaCIsInQiOiJpQVQ0SmRyZWpXeTFqYmgydndmN3ZEOFNCK2lDOTkwaDV1dkVDcjBNdkIyOGdTblRtdTRNQjY2anB4bGJ1cythNWpTb3FBTDJ1dWllNk5zcE10S3BQTldQZFBBNWVDUVN1SFlhTCtqZ3c2bz0ifQ%3D%3D

Free? Valueless

As he panders for the youth vote, Democratic presidential hopeful Bernie Sanders promises free tuition at public colleges and universities because, he says, "a college degree is the new high school diploma." Rival Hillary Clinton supports President Barack Obama's plan to make community college tuition-free -- that is, publicly funded. Beware, America: Imagine how expensive college tuition will be if Democrats somehow manage to make more of it "free." As for value, if Sanders has his way, you can expect the college degree to be the new high school diploma.
On the other side of the aisle, GOP presidential hopefuls rarely talk about "college affordability." The issue is not on front-runner Donald Trump's main issues pages. Ditto for Sen. Ted Cruz of Texas. Ohio Gov. John Kasich suggests that one way to make college more affordable is by encouraging "more students to earn college credit while completing their high school courses" to give them a "jump on their college careers" and a break financially. Republicans wisely are pushing personal fiscal responsibility as the main answer to rising tuition and fees.
Who's going to pay for all this? Everyone. Richard Vedder of Ohio University's Center for College Affordability and Productivity co-wrote a pamphlet for The Heartland Institute on higher education reform in 2011, which explored how federal grants and student loans have driven up the cost of college. His report showed the cost of a four-year degree had more than doubled in inflation-adjusted dollars from 1975. College graduates aren't more literate; they have a lower level of reading comprehension than those who graduated a decade earlier. Also, many grads are underemployed. According to federal statistics, 13 percent of American parking lot attendants and 14 percent of hotel clerks have a bachelor's degree or better.
http://www.realclearpolitics.com/articles/2016/04/28/is_college_too_pricey_wait_till_its_free_130419.html

Tuesday, April 26, 2016

McArdle on the Panama Papers

A libertarian of my acquaintance wrote to inquire whether this is going to sour people on global capitalism.
It shouldn’t. What we’ve seen from the papers so far is not so much an indictment of global capitalism as an indictment of countries that have weak institutions and a lot of corruption. And for all the outrage in the United States, so far the message for us is pretty reassuring: We aren’t one of those countries.
Consider the big names that have shown up so far on the list. With the notable exception of Iceland, these are not countries I would describe as “capitalist”: Russia, Pakistan, Iraq, Ukraine, Egypt.  They’re countries where kleptocratic government officials amass money not through commerce, but through quasi-legal extortion, or siphoning off the till. This is an activity that has gone on long before capitalism, and probably before there was money. Presenting this as an indictment of global capitalism is like presenting Romeo and Juliet as an after school special on the dangers of playing with knives.
http://www.bloombergview.com/articles/2016-04-06/the-panama-papers-actually-reflect-pretty-well-on-capitalism

Easy to Predict Stuff - Another Government Failex

An easily predictable development ... unless you just love everything government touches.

ObamaCare rates will skyrocket next year, according to its former chief. Enrollment is tumbling this year. And a big insurer is quitting most exchanges. That’s what we learned in just the past few days.
Marilyn Tavenner, CEO of America’s Health Insurance Plans, revealed that she expects ObamaCare premium hikes “to be higher than we saw previous years,” including last year, which saw double-digit rate increases across the country.
Tavenner, for those who don’t know, was head of the Centers for Medicare and Medicaid Services until early 2015, which means she helped bring ObamaCare to life. In November 2014, she was boasting how “the Affordable Care Act is working to improve competition and choice among marketplace plans.”
http://www.investors.com/politics/editorials/obamacare-suffers-three-major-blows-in-one-week/