He actually stated, “If you think about it, UPS and FedEx are doing just fine. It’s the Post Office that’s always having problems.”
Does the inner Obama actually favor private health-care and this statement was a Freudian slip?
I am of the belief that Obama is heavily under the influence of extremely wealthy people who are hell bent on destroying our country, people like George Soros, movements like moveon.org etc.
Join or be a wimp and sit on the side line and complain. Folks, we need to get involved here, our voices need to be heard.
Thanks for reading and as always, notify friends and family about this blog and spread the word to save our country.
Wednesday, August 12, 2009
Did you know this?
Government insurance is what’s in trouble today.
Medicare is in the hole by about $40 trillion on a discounted present-value basis over the next 40 or 50 years. And if we’re going to equate government care to government mail, according to Steve Hayes of the Weekly Standard, the U.S. Postal Service is going bankrupt with a $7 billion net loss this year. With 633,000 career employees, the Post Office won’t be able to make $5.4 billion in retiree health-benefit payments. How many of these federal employees will populate the new government-backed insurance plan if it passes?
Medicare is in the hole by about $40 trillion on a discounted present-value basis over the next 40 or 50 years. And if we’re going to equate government care to government mail, according to Steve Hayes of the Weekly Standard, the U.S. Postal Service is going bankrupt with a $7 billion net loss this year. With 633,000 career employees, the Post Office won’t be able to make $5.4 billion in retiree health-benefit payments. How many of these federal employees will populate the new government-backed insurance plan if it passes?
World leaders creating tyranny...BELIEVE IT!!!
'Incompetent' Leaders Pose Threat to Recovery: 'Black Swan'
Published: Wednesday, 12 Aug 2009 | 9:36 AM ET Text Size By: CNBC.com
Incompetent policymakers are to blame for a financial crisis that will continue until substantial changes are made, author Nassim Taleb, known as the "Black Swan," told CNBC.
Photo by: YechezkelZilber
Nassim Taleb
--------------------------------------------------------------------------------
Taleb, principal at Universa Investments and coiner of the "Black Swan" term to explain drastic, unpredictable events, said in a live interview that choking debt, continued high unemployment and a system that rewards bad behavior will hamstring an economic recovery.
"It is a matter of risk and responsibility, and I think the risks that were there before, these problems are still there," he said. "We still have a very high level of debt, we still have leadership that's literally incompetent ..."
"They did not see the problem, the don't look at the core of problem. There's an elephant in the room and they did not identify it."
Taleb said policymakers need to begin converting debt into equity but instead are continuing the programs that created the financial crisis.
"I don't think that structural changes have been addressed," he said. "It doesn't look like they're fully aware of the problem, or they're overlooking it because they don't want to take hard medicine."
With Bernanke's term running out, Taleb said Obama would be making a mistake by reappointing the Fed chairman.
"Bernanke belongs to a school of economics that is not in synch with the complex system," he said. "By having Bernanke there you're rewarding failure."
Taleb has earned a reputation as a market bear and sage following the publication of his 2007 book, "The Black Swan," that in part warned that banks were susceptible to failures beyond what models could predict—hence, a "black swan" type of rarity. The collapse of the financial system happened shortly thereafter.
He said he doesn't consider himself a pessimist, but is worried about a system that provides tax breaks to failing businesses and rewards, through the "Cash for Clunkers" program, people who bought gas-guzzling vehicles and don't want them anymore.
"It's not pessimism. I'm warning against a lack of understanding of the disease," Taleb said. "Now sometimes you see patients doing very well and they have cancer. Long-term, I'm not comfortable treating a patient for his headaches when he has lung cancer."
Published: Wednesday, 12 Aug 2009 | 9:36 AM ET Text Size By: CNBC.com
Incompetent policymakers are to blame for a financial crisis that will continue until substantial changes are made, author Nassim Taleb, known as the "Black Swan," told CNBC.
Photo by: YechezkelZilber
Nassim Taleb
--------------------------------------------------------------------------------
Taleb, principal at Universa Investments and coiner of the "Black Swan" term to explain drastic, unpredictable events, said in a live interview that choking debt, continued high unemployment and a system that rewards bad behavior will hamstring an economic recovery.
"It is a matter of risk and responsibility, and I think the risks that were there before, these problems are still there," he said. "We still have a very high level of debt, we still have leadership that's literally incompetent ..."
"They did not see the problem, the don't look at the core of problem. There's an elephant in the room and they did not identify it."
Taleb said policymakers need to begin converting debt into equity but instead are continuing the programs that created the financial crisis.
"I don't think that structural changes have been addressed," he said. "It doesn't look like they're fully aware of the problem, or they're overlooking it because they don't want to take hard medicine."
With Bernanke's term running out, Taleb said Obama would be making a mistake by reappointing the Fed chairman.
"Bernanke belongs to a school of economics that is not in synch with the complex system," he said. "By having Bernanke there you're rewarding failure."
Taleb has earned a reputation as a market bear and sage following the publication of his 2007 book, "The Black Swan," that in part warned that banks were susceptible to failures beyond what models could predict—hence, a "black swan" type of rarity. The collapse of the financial system happened shortly thereafter.
He said he doesn't consider himself a pessimist, but is worried about a system that provides tax breaks to failing businesses and rewards, through the "Cash for Clunkers" program, people who bought gas-guzzling vehicles and don't want them anymore.
"It's not pessimism. I'm warning against a lack of understanding of the disease," Taleb said. "Now sometimes you see patients doing very well and they have cancer. Long-term, I'm not comfortable treating a patient for his headaches when he has lung cancer."
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