Greed Friday

Well first of all tell me, is there some society you know that doesn’t run on greed? … What is greed? Of course none of us are greedy. It’s only the other fella that’s greedy. – Milton Friedman

If you believe that Wall Street greed crashed the American economy, you may be right. But today’s Black Friday Drudge Report headlines should disabuse you of the notion that greed is some special evil inherent to the financial sector. We are a materialist society from top to bottom. The reason Wall Street colluded with government to take advantage of Main Street (and not vice versa) had to do with ability, not greater desire. Or, as Friedman adherent Thomas Sowell would put it: “you can become the greediest person on earth and that will not increase your pay in the slightest.”

Current Drudge Report headlines:  Read more of this post

Obamacare, Good and Hard

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Bill Cosby said that his father used to pass gas in the living room then blame an invisible elephant running under the couch. “And my brother,” said Cosby, “was dumb enough to look for it!”

With Obamacare, Democrats laid a big one. And they’re blaming invisible elephants.

Dutifully, the Left is looking for them.

With Fast and Furious, Benghazi, Tea Party harassment by the IRS, and the multiple eavesdropping scandals, the Obama administration and its allies deployed their usual arsenal of Orwellian language and media gimmicks, a whole army of invisible elephants.

Bush sent those guns into Mexico. Some YouTube hack set the Middle East on fire. Rogue elements of a Cincinnati office lashed out nationwide against the Tea Party. The NSA [redacted].

In the meantime, the Left pushed forward, utilizing the federal bureaucracy to implement their agenda. To cement their legacy, these utopian technocrats passed the Affordable Care Act and radically distorted 16% of the largest economy in the world.  Read more of this post

Liar Liar 2: When Presidential Promises Contradict

What did the once great Chris Rock say, that the president is like “the dad of the country”?

If that’s the case, then it looks like Obama is one of those terrible dads from the movies who promises his son he’ll be at his baseball game but also tells his boss he won’t miss the important meeting occurring at the same time. Basically, he’s Jim Carrey in Liar Liar.liar liar

At least according to Dan Pfeiffer:

Promises, promises – White House Senior Adviser Dan Pfeiffer claimed Sunday that the millions of lost insurance policies under ObamaCare was the result of a prioritization of promises. President Obama, Pfeiffer said, meant to keep his promise to allow Americans to keep their policies, but that a more important promise got in the way. “[I]f the president were to allow people to have those plans be downgraded, or insurance companies to keep selling barebones plans …if he had done that he’d be violating even more important promise to the American people, that everyone would have a guarantee to access of quality affordable health insurance,” Pfeiffer told ABC’s “This Week.” Pfeiffer did not say when Obama deemed the “if you like it” pledge inoperable due to the “barebones” promise.

Anyone else now anxiously awaiting Pfeiffer’s memoir of the Obama presidency, just for his overwrought description of the scene when Obama came to this dreadful realization: Read more of this post

Lacking ambition and lying like a Democrat

ron johnsonLast week, Republican Senator Ron Johnson proposed a bill stating that nothing in Obamacare shall be construed as mandating the cancellation of existing health care plans. When Ted Cruz stated his goal of defunding Obamacare via the budgeting process, Senator Johnson called him “intellectually dishonest”. But we’ll return to that later.

A recent National Review piece by Rich Lowry and Ramesh Ponnuru argues that Cruz’s strategy was misguided and damaging to future GOP prospects, and they urged greater prudence going forward. Certainly a reasonable point of view, but in a recent Corner post, Lowry inadvertently highlighted why so many conservatives are tired of being lectured on why Cruz’s plan was reckless and hopeless. And further, why they don’t trust the more cautious Republican factions to know when or how to strike when vote counts are more favorable. Lowry writes:

Democrats have entered a zone of real vulnerability here. The turmoil over Obamacare — the canceled policies, the failed website launch — coupled with the president’s low standing create the possibility of Democrats getting caught in a political stampede and having to accept something like the Johnson bill.

So let me get this straight… the Democrats will be facing a “political stampede”, and Lowry’s goal is to codify in law a sloppy and dishonest Obama campaign promise?  Read more of this post

Re-debunking the Mythbusters

myth-debunked.001Desperate Obamacare apologists, acting like the bitter gun and religion clingers that haunt their nightmares, are claiming that this LA Times article by Michael Hiltzik “debunks” the “myth” that people are losing their current health care plans and being forced into more expensive insurance. Here are the basics of Ms. Deborah Cavallaro’s Obamacare story:

…she’s angry at President Obama for having promised that people who like their health plans could keep them, when hers is getting canceled for not meeting Obamacare’s standards… Her current plan, from Anthem Blue Cross, is a catastrophic coverage plan for which she pays $293 a month as an individual policyholder…As for a replacement plan, she says she was quoted $478 a month by her insurance broker, but that’s a lot more than she’ll really be paying… I won’t divulge her current income, which is personal, but this year it qualifies her for a hefty federal premium subsidy… she’s eligible for a good “silver” plan for $333 a month after the subsidy — $40 a month more than she’s paying now.

To recap:  Obamacare confused and frustrated a woman who was happy with both her insurance and its cost, forced her to pay $500 more a year for a slightly better plan, and forced the government to kick in an extra $1800 a year to cover the rest. It transformed a content, self-sufficient citizen into an angry, expensive government dependent. Well done, cost-curve-bending maestros.

Conn Carroll at Townhall.com breaks down Hiltzik’s shaky claims in greater detail, but fails to mention one more aspect. Perhaps Ms. Cavallaro took satisfaction out of providing for herself, and isn’t thrilled about now having to accept a government handout to make ends meet. But she no longer has that choice, because Democratic social programs have taken their logical next step – from disincentivizing self-reliance to virtually outlawing it.

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