What happened to all of the doom and gloom economic threads?

[RobDownSouth]

The big news would be if he came out and told the fucking truth.

Patently unpossible. Everyone knows that only Vettebigots such as yourself know the truth.

 

[garbage can]

The big news would be if he came out and told the fucking truth.

Obama is a serial liar. IMO, he doesn't have the vaguest notion of what constitutes the truth.

 

[Busybody]

 

[Busybody]

Opposition to Obamacare Rising Again





If the law is unpopular now, how much more will people hate it when they hear for the first time that they are being forced to buy health insurance, that many of them will not be able to keep the plan they are on now, or that their employer may drop their company health insurance because it’s cheaper to pay the fine?

Those tens of millions of Americans who have not been paying attention are in for the shock of their lifetimes.




Reason Magazine:


February’s Kaiser Family Foundation health tracking poll puts opposition to the law at 42 percent and support at 36 percent; in Kaiser’s November poll, 43 percent said they supported the law and 39 percent opposed it.

A newly released Reason-Rupe poll offers some confirmation that more Americans hold negative views of the law. Asked an open-ended question about what comes to mind when they hear the term “ObamaCare,” 48 percent gave a negative response of some sort. At 22 percent, the largest single response was a generalized comment that the law is a bad thing.

Overall, the poll shows pessimism about the law. Asked about the law’s impact on the country, meanwhile, 37 percent responded that ObamaCare made the nation worse off, compared to 31 percent who said it made the country better off. Another 24 percent said it made no difference, which suggests a large strain of indifference in addition to the positive and negative reactions.

Since the law passed, Democrats have (not surprisingly) tended to be much more supportive of the law than Republicans. That’s still true, but Kaiser’s poll finds that Democratic support has dropped substantially since last year’s presidential election, from 72 percent in November to 57 percent in the February month’s poll. That’s the second weakest level of support Kaiser has found amongst Democrats since it began the monthly tracking poll in April 2010.

Why did support drop for the law in the months since the election? The parade of news stories about rising health premiums may have had an impact. The Reason poll reports that 26 percent of respondents believe the law will make it harder to afford coverage, compared with just 13 percent who think it will be easier.

In general, the news about ObamaCare has not been particularly encouraging this year. Yes, ObamaCare has successfully enticed several Republican governors into participating in its Medicaid expansion, but a majority of states won’t participate in what is arguably the law’s biggest innovation, the health insurance exchanges. But in the last few weeks, the Government Accountability Office just released a report highlighting the uncertainty about the law’s budget projections, ObamaCare-friendly states have warned about the potential for health premium “rate shock,” and the Congressional Budget Office has expressed skepticism about the law’s implementation prospects. To me, at least, this sounds less like a law that is winning and more like a law is simply surviving.

Looking at all the signs, one begins to wonder if Democrats in Congress won’t want to delay implementation for another year or two. The Obamacare regs released yesterday put off a small business health insurance initiative because of skepticism that the plan could be developed by year end. Might something similar be contemplated for the state exchanges, most of which haven’t even been created yet? And if the exchanges are delayed, it’s hard to see how the rest of the law can be implemented.

Democrats are desperate to make Obamacare work and if it is implemented and chaos develops, the chance for a stampede to repeal the act might overwhelm them. Most of the public is not only unaware of Obamacare’s features, but are also woefully unprepared for what’s going to hit them on January 1, 2014.

Delaying implementation might make good political sense for the Democrats but would the GOP go along with it? The adage “never open your mouth while your enemy is in the process of destroying himself” is good advice for the GOP and their best bet might be to sit back and watch as the voter gets very angry at the Democrats for Obamacare.

Meanwhile, the Act continues to lose whatever support it had when passed. This does not auger well for Obama and the Democrats who are stuck trying to put lipstick on a pig while the rest of the country has a hankering for pork steaks.

 

[Busybody]

J, I don't give a shit, I needa do my brackets, Savage

says

REGZ, WHAT REGZ? I DONT SEE NO FUCKING REGZ!


SHOCKER: FDA Crushing Pharmaceutical Growth.



Government regulation is stifling America’s vibrant pharmaceutical industry. A recent report by the President’s Council of Advisors on Science and Technology estimates that it costs an average of $1.2 billion to win FDA approval and bring a new drug to market. Given that biopharmaceuticals account for roughly two percent of the economy, this is no small matter.

The chief problem is the complex process of clinical trials, in particular “Phase 3,” in which a drug is tested and retested to prove its its effectiveness in treating conditions across a broad population. These trials have a strong track record, but they are poorly suited to new biopharmaceuticals, which are often very effective in smaller, targeted groups despite a lower success rate in the public at large. Under the current system, many of these drugs may fail their trials despite their effectiveness when prescribed correctly.

There’s a proposal for a market-based fix, but how will it fare in a command-and-control-oriented administration?

 

[JohnnySavage]

J, I don't give a shit, I needa do my brackets, Savage

says

Savage knows this:

http://mashable.com/2013/03/02/wealth-inequality/

and watches with a smirk on his face as the lit toadies do their master's bidding; without even realizing what slaves they are.

It's been a masterful hookwinking of the unaware class.

 

[Busybody]

Savage knows this:

http://mashable.com/2013/03/02/wealth-inequality/

and watches with a smirk on his face as the lit toadies do their master's bidding; without even realizing what slaves they are.

It's been a masterful hookwinking of the unaware class.

what does THAT have to do with anything?

 

[JohnnySavage]

what does THAT have to do with anything?

You rail and whine about how regulations are killing business. That's simply not true. In the last 30 years, the owners of industry have become the wealthiest humans ever to walk the earth.

Ever.

In the history of mankind.

Spare me the doom and gloom about poor little business and it's struggling owner. Just because you have a tiny pot to piss in, it doesn't make you the CEO of American Standard.

Let them fend for themselves as they don't need your cheerleading.

 

[Busybody]

one thing has NOTHING to do with the other

 

[Busybody]

See?

What did I tellya/

Johhny, STFU about REGZ, Im doin my Bracket, Savage, sees NUTHIN

 

[JohnnySavage]

one thing has NOTHING to do with the other

Of course it does

The sole purpose for a businesses existence is to make money for it's owners. Those owners have become a wealth class unto themselves in the past 30 years - the 30 years you say regulation was destroying business.

If your thesis that regulation has increased is true; then that increase in regulation has been spectacular for the top 1%.


Please don't throw me in that brier patch!

 

[Adre]

Discussing business and finance with Busboy='hello, wall'

 

[JohnnySavage]

Let me school BB (and his uneducated minions) a little about the economics of regulation.


The government goes to the power company and says, "Woah there buddy! You are putting too much GHG in to the Atmo. You need to buy a scrubber to get rid of all that CO2 coming out the stack."

Power company says... "Well, golly-gee... I hope someone will sell me one of those things."

Amazingly, CO2 Scrubber, Inc. happens along and says, "Mr. Power Company, I see you are in need of my product and as luck would have it, I happen to have one in stock and would be happy to let you have it at a fair price."

"Well, that would be kind of you Mr. Scrubber. I'd sure appreciate that, and it would get Mr. Regulator off my back." Says Mr. Power Company.

So then; the scrubber is installed. Mr. Regulator is happy because the air is cleaner. Mr. Scrubber is happy because he sold a widget. Mr. Power Company is ambivalent because the cost of the scrubber is passed along to his customers. Mr. Customer his happy because he's an idiot.

At the end of the day, money was transferred from Mr. Consumer to Mr. Power Company and Mr. Scrubber Company - and up the line to the owner's of those companies.

Now... a cynic may wonder the role those company owners had in pushing a regulation requiring a scrubber in the first place.

A cynic would wonder that...

And then the BB's of the world pop a vein worrying about poor Mr. Business owner that had to buy a new scrubber.

Mr. Business Owner made money. Dummy.

 

[Adre]

A valiant effort, JS, but Busboy and his cranky old friends have been on the dole for too long to understand modern business and finance.

 

[Busybody]

Of course it does

The sole purpose for a businesses existence is to make money for it's owners. Those owners have become a wealth class unto themselves in the past 30 years - the 30 years you say regulation was destroying business.

If your thesis that regulation has increased is true; then that increase in regulation has been spectacular for the top 1%.


Please don't throw me in that brier patch!

there is a difference between REGULATION and JOB KILLING REGULATION


and a great

deal of the huge income

has come from

stock/asset gains,

 

[JohnnySavage]

A valiant effort, JS, but Busboy and his cranky old friends have been on the dole for too long to understand modern business and finance.

No, BB is probably the most highly educated person (at least wrt economics) here. He likes to speak my name in vain just to twist my nipples.

 

[JohnnySavage]

there is a difference between REGULATION and JOB KILLING REGULATION


and a great

deal of the huge income

has come from

stock/asset gains,

Stocks and asset gains... from business!!!! The rich are doing well, because the business they own are doing well. They go hand in hand... like me and Evesdream.


If regulation were killing business, the rich wouldn't keep getting richer. No?

 

[Busybody]

regulation to stop OUTRIGHT pollution= good and leads t more biz

regulation that stops OIL/GAS production in its tracks cause ONE FUCKING SNAIL DARTER may be pissed off=KILLS JOBS


but

Johhny, STFU, you MOFOs are disturbing my Bracket biz. Savage, knows that and KNOWS that Is what I meant

 

[Adre]

No, BB is probably the most highly educated person (at least wrt economics) here. He likes to speak my name in vain just to twist my nipples.

I had not noticed his wisdom and then, alas, I put him on ignore. It's the price I'll have to pay.

 

[Busybody]

Stocks and asset gains... from business!!!! The rich are doing well, because the business they own are doing well. They go hand in hand... like me and Evesdream.


If regulation were killing business, the rich wouldn't keep getting richer. No?

there are many gaining MILLIONS from stock gains/options.....and the biz itself isn't doing so well......we all know that


But YOU know what I mean

 

[JohnnySavage]

I don't want to live in a world without Snail Darters.

Do you?

 

[Busybody]

I had not noticed his wisdom and then, alas, I put him on ignore. It's the price I'll have to pay.

That's cause you are A DECK NIGGER

 

[Busybody]

I don't want to live in a world without Snail Darters.

Do you?

well

at

least

you

didn't mock the point

and tacitly

admitted

the

truth

of

I

t

 

[Busybody]

I don't want to live in a world without Snail Darters.

Do you?

well its a good thing you don't drive

cause the fucking snail darter has stopped WESTWAY for 3 decades

 

[JohnnySavage]

I regret having peaked, economically, without ever attaining the wealth to buy my own Senator. An investment like that can really do wonders for one's portfolio.