Looks like under Obamacare many lower skilled workers will end up with “skinny” or “bandaid” health insurance plans which may cover a few doctors visits and some prescriptions but may leave the insured exposed to catastrophic loss. This is exactly what we don’t need.
This is how tenuous the markets really are. The slightest breeze from the Federal Reserve, the mere hint that the flow of money will slow, sends one of the world’s major stock markets pinwheeling.
At this moment US market futures aren’t looking very good.
Crony capitalism, as we often say, is a bi-partisan endeavor. So long as there is cash to hand out, so long as government is big enough to pick winners and losers, abuse is going to happen. And despite what many in the GOP say, it’s not a party of small government, or at least hasn’t been for a long time.
The world needs more of this kind of activism. It clearly defines the fight for liberty and shines a stark light on the inconsistencies which are often found in the traditional American “Right” and “Left.”
When MSNBC is hammering the president things have got to be pretty darn bad. I think a lot of journalists who long thought that they were on the “good list” now recognize that even they, even the guilded messengers who delivered Obama the White House, can be tossed aside in the name of consolidating presidential power.
The Penny Pritzker’s father bought Superior bank for his daughter after she graduated from Stanford. Ms. Pritzker expanded the bank into subprime lending, becoming a leader in risky home loans. The bank would die an ugly death however, with serious accounting violations and customers losing $10 million in deposits even though Penny Pritzker was worth over $1.5 billion.
Since the dollar continues to be the world reserve currency, and since the mega banks float like clouds over the entire planet paying little attention to borders, we shouldn’t be surprised. But that the Fed has essentially given away $1 trillion to non-American banks is pretty amazing . (Not that American banks are any better than the foreign ones of course.)
Prisons are a disaster in this country. Between the state employed prison guards and the private prisons run by corporations which seek to keep beds and cells filled for fear of hurting the bottom line, who also lobby for tougher sentences, we have got some real issues in this country.
We imprison a higher percentage of our population than any other country, and that seems a bit odd in the land of the free.
