One Big Bag Of Empty Words

This is how economic retail expert, Howard Davidowitz, describes Obama in an interview with Yahoo! Finance. 

He goes on to say:

“He is Mr. Mass Destruction. I mean he is a human destroyer. This guy has spent his way into oblivion and we don’t have a budget. He is surrounded by a bunch of complete incompetents, led by himself, and he’s spending like crazy, and we keep digging the hole bigger.”

I think that just about sums it up.

58% Of Americans Still Support Repeal Of ObamaCare

Not only did Obama’s Spring Revival Tent Tour fail at swaying public opinion…it reaffirmed opposition to his  “health care” law.

Support for repeal of the recently-passed national health care plan remains strong as most voters believe the law will increase the cost of care, hurt quality and push the federal budget deficit even higher.

The latest Rasmussen Reports national telephone survey finds that 58% of likely voters nationwide favor repeal, while 38% are opposed. Those figures are little changed from a week ago and include 47% who Strongly Favor repeal. Twenty-nine percent (29%) Strongly Oppose the repeal effort.

Support for repeal is proving to be just as consistent as opposition to the plan before it was passed into law. Over the past five weeks since Congress passed the measure, support for repeal has remained in a very narrow range from a low of 54% to a high of 58%.

Sixty percent (60%) of voters nationwide believe the new law will increase the federal budget deficit, while just 19% say it will reduce the deficit.

Fifty-seven percent (57%) think the law will increase the cost of health care, while 18% believe it will reduce costs.

 

Lipstick on a pig.

The Doc Fix Is In: CBO Declares ObamaCare Will Add To Deficit When Scored With Increased Medicare Payment Rates

CBO admitted this in respone to a letter from Paul Ryan which asked them to score the Senate version and the House reconciliation version (ObamaCare) alongside the increase in Medicare payments (Doc Fix) in that bill.

When scored together, the bill will add $59 BILLION to the deficit.

In response to a question from Paul Ryan (as Kathryn notes below), the CBO has now priced out the cost of the Democrats’ health-bill (including the reconciliation bill), together with the cost of the permanent “doc fix” they have proposed. CBO writes: “enacting all three pieces of legislation would add $59 billion to budget deficits over the 2010–2019 period.” That, of course, is without even accounting for all the other gimmicks, empty promises, and implausible offsets in the .Democrats’ bill.

Together with all those gimmicks, keeping the “doc fix” separate from the health-care bills they are getting ready to vote on was key to allowing the Democrats to get a CBO score that seemed to keep the bill from raising the deficit.

Shocka.

Insurance groups to Senate: public option will dismantle employer coverage

The letter came from America’s Health Insurance Plans and the Blue Cross Blue Shield Association.

“A government-run plan no matter how it is initially structured would dismantle employer-based coverage, significantly increase costs for those who remain in private coverage, and add additional liabilities to the federal budget,” said the letter from AHIP chief Karen Ignagni and Scott Serota, the head of Blue Cross.

“We do not believe that it is possible to create a government plan that could operate on a level playing field. Regardless of how it is initially structured, a government plan would use its built-in advantages to take over the health insurance market,” added the industry letter.

Obama was asked about this at his presser.  He proclaimed that their statements “defy logic.”

You know what defies logic in my book?  Paying $1 trillion to insure only one third of the uninsured.

(stay tuned for more on the presser)

Could Obama’s “sweeping health care reform” go down in flames?

One can only HOPE.

President Obama’s campaign for health care reform by this fall, once considered highly likely to succeed, suddenly appears in real jeopardy.

And those business groups that Obama claimed to have squarely in his corner?  Not so much.
Business groups, which had embraced the idea of reform and have been meeting quietly with Democrats for months in an effort to shape the legislation, now talk of spending millions of dollars to oppose the latest proposals out of Capitol Hill. And Democrats themselves are not united, with leading party figures making contradictory declarations about how far they should go to overhaul the system when deficits are soaring and prospects for an economic recovery remain cloudy.
The Democrats have given up on getting any substantial Republican support.
And top Democratic officials tell POLITICO they are increasingly pessimistic about getting any more Republican votes than they did on the stimulus package, with some aides referring to the idea of a bipartisan bill as “fool’s gold” — an unattainable waste of time.
It certainly didn’t help their cause when the CBO released their report that it would cost $1 TRILLION over 10 years to cover only 16 of the 50 million uninsured.
Add the devastating poll numbers with regards to the deficit to the equation and it the situation looks even more bleak for Obama.
It is way too soon to celebrate, but this certainly is encouraging news.