“The administration’s decision to withhold the costs of this law until after Election Day is just more proof that ObamaCare is a bad deal for Americans,” Tim Phillips from American for Prosperity stated. Last year open enrollment for ObamaCare started on October 1st, but this year enrollment will not start until November 15th according to the Washington Times.
Last week my Dad received notice that the cost of his and my mother’s health insurance will increase 30%. Their premium will be $1,983 per month. As a small business, this hurts the bottom line, but it was Obama who said if you own a business, you did not build it.
Then Hillary added insult to injury recently when she said, “Don’t let anybody tell you that corporations and businesses create jobs.” What these big government bureaucrats don’t realize is that they would not have jobs if it were not for business owners paying their salaries (taxes).
I recently spoke to a business colleague who has sold health insurance for years. He explained to me that working Americans would eventually be paying 30 to 40% of their income for health insurance.
Richard Cloward and Frances Fox Piven, the Columbia University professors, believed that America was too strong militarily to penetrate her from the outside, so the way to restructure America is to overload her with welfare recipients. They stated that the complete enrollment of people on welfare “would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments.”
Cloward and Piven taught these things in the 1960s, and despite FDR’s Great Society their theories did not come to fruition until Barack Obama passed ObamaCare because he knew hard-working independent Americans would not willfully sign up to sponge off the government. He had to pass a law to mandate it. In 2010 Glenn Beck stated, “You’ve got total destruction of wealth coming ... It’s the final phase of the Cloward-Piven strategy, which is collapse the system.”
If overloading the government with people taking from its coffers were not enough, in 2008 we began seeing the total debasement of our currency, the dollar. We were told that we must bail out the “too big to fail banks.” And the money printing began. Just last week the Federal Reserve announced that it would end its third round of quantitative easing (QE).
Unemployment is down and the economy is improving, according to the Federal Reserve, but never mind the fact that the labor force participation rate is at a 36-year low according to CNS News. Apparently when unemployment benefits end and people still do not have a job they are no longer counted amongst the unemployed. This is brilliant reasoning to base monetary policy on.
But “ending quantitative easing” is really just a play on words anyhow, because the Fed will continue to reinvest the $4 trillion worth of bonds on its balance sheet as they mature. This is not ending money printing; it’s just redirecting what has already been done. New interest is going to be earned on newly created money thereby allowing quantitative easing to continue indefinitely.
According to Investment Research Dynamics the S&P 500 has not declined more that 5% in the last three years except for one brief period. The “plunge protection team” has successfully propped up the stock market to give a cursory illusion of a robust economy.
However, according to an October 28, 2014 ABC poll, 7 out of 10 Americans believe the economy is not doing well, so with health insurance costs going up and unemployment annoyingly high and a host of other economic issues, how can the stock market continue to remain untouched by this negativity?
Remember, the American government does not trust you to take care of your own health insurance needs, and it really doesn’t even trust you enough to make a private phone call. It’s like a helicopter parent on steroids. In reality we are the ones who should not be trusting our government. Remember, Dwight D. Eisenhower said, “Every step we take towards making the State our Caretaker of our lives, by that much we move toward making the State our Master."