The yin to the Koch’s yang, Soros seems to have a hand in nearly everything “progressive.” From Media Matters, to The Center for American Progress, to support for Bill DeBlasio, to Obama’s Organizing for Action, to literally dozens of other political non-profits and advocacy groups, the man likes to spend his money on things which grow the state.
Professor Reynolds points to the pushback from American citizens to the license plate tracking system bid from DHS, the scrapping (for now) of FCC monitoring of reporters (I can’t believe that I just wrote that), and the resistance of Connecticut residents to heavy handed gun control laws, as evidence of a growing and widespread resistance to government encroachment into people’s lives. I pray that he is right.
Austerity? Austerity involves tax increases and big time spending cuts. I saw some taxes increased but I didn’t see much in the way of spending cut. What tiny bit was cut in sequestration was reinstated thanks in large part to the Republicans who couldn’t bear to see money to the military contractors reduced.
This is a place where the president has no business at all.
Is the president really this ignorant of business and economics?
Obama has a good game going, which mostly fools his progressive base. While railing against “corporate greed” he happily cozies up with the corporate greedy. It’s where the money is after all.
When the president changes the law by fiat a funny thing happens. The marketplace is undermined. Nobody knows what the rules actually are. No one can plan. No one has any idea what sort of profit or loss to expect. As such no one invests.
There are a few winners in Obamacare. Very few, but they do exist. If one has an extreme medical condition it is easier to get insurance now. (Sort of.) The health insurers, in partnership with the federal government are also winners. (At least in the short to medium term.) They now have access to a pool of taxpayer subsidized potential policy holders who were not part of the market before. The health insurance companies are now basically government contractors. Contracting work can pay well.
I have to say that the first part of the clip is smarmy. It’s about as bad as anything on MSNBC. But once past the anchors Byron York explains that the taxpayers are on the hook yet again. The losses which the insurance companies will incur because of the ham handed stumble-out of Obamacare will be paid for by you and me. It was written into the law long ago.