Journalists who accept Obama’s claim that 7.1 million signed up for ObamaCare can’t be trusted
The Wall Street Journal's headline writers and most of the media proved that they can't be trusted when they promoted President Obama's blatant lie that 7.1 million people have signed up and enrolled in ObamaCare. Everyone knows that huge percentages of those who signup never pay their ObamaCare health insurance premiums to insurers. Indeed, one insurer says that only 53% of previously uninsured signups pay their premiums. How many will continue to pay their premiums after insurers pay for their initial claims, which will be huge, remains to be seen. The ObamaCare numbers released by Obama so far are pretty meaningless. ObamaCare will never be repealed in full, but Obama already has used his executive orders to unlawfully change the law. Here are a few of the law's big problems as I see them:
Ethics • Trust • Health insurance • Health Insurance Reform • Medicaid • Media • (0) Comments • Read More
Is high frequency trading (HFT) useful? How is it risky?
Is high frequency trading of stocks useful? Is it risky? My thoughts:
Ethics • Trust • Speculation • Trading Styles • Stocks • Technology • (0) Comments • Read More
Michael Lewis’ ‘Flash Boys’ shows SEC must revise high frequency trading rules
High frequencty trading on the stock exchanges has become a very controversial issue for Wall Street and speculators. Last week, Michael Lewis published his new book, Flash Boys, and took the debate to a new level. I've watched CNBC and Fox Business TV interviews and discussions and read stories about the debate and the book, but I haven't read the book yet. In response to a story on Politico.com this morning, I thought about the issue and decided the market is probably more manipulated than rigged. And I see the deals the exchanges give HFT funds as the same as the volume discounts Walmart and the Federal government get from their vendors. But the Securities and Exchange Commission, which wrote the rules that guide HFT funds, needs to update them. My thoughts:
Ethics • Trust • Media • Financial Media • Mutual Funds • Speculation • Trading Styles • Stocks • Technology • (0) Comments • Read More
CNBC, Fox Business reporters, commentators flacking for high frequency traders, rigged markets
High frequency stock traders, the stock exchanges and big Wall Street banks have rigged the stock markets against individual traders, their mutual funds, pension funds and exchange traded funds, and the business channels, CNBC and Fox Business are flacking for the culprits. In his new book, Flash Boys, and on CBS 60 Minutes, Michael Lewis calls the markets rigged. Mark Cuban, the owner of the Dallas Mavricks basketball team, brilliantlly agreed with Lewis and elaborated on the risks of HFT on CNBC as other panelists defended them. In response, Wall Street and the on air flacks and brokers are saying that while there is cheating and front running, so what? I think Lewis has more credibility and his book and TV appearances will force the SEC and Congress to stop defending those who are stealing trading information from individuals and regulate them. LINKs: Search the web for "The Market is Rigged."
Ethics • Trust • Speculation • Stocks • (0) Comments • Permalink
UN releases flawed, politically driven report on global warming, climate change
The United Nations today released its revised and still horribly flawed report on global warming and climate change. Of course, politically greedy liars for Obama, including Sec. of State and former presidential candidate, John Kerry, have seized on the report to advance their campaign for more political power and government spending on useless research. There is no greed worse that the Obama Democrats' greed for political power. Sen. Mark Udall (D-CO), who is up for re-election, is running on a climate change platform because he can't run on his votes for ObamaCare, which has cost him a lot of support. There is no greed worse that the Obama Democrats' greed for political power. LINKs:
Colorado • Elections '14 • Udall • Environment • Climate Change • Global Warming • Ethics • Trust • Science • (0) Comments • Read More
Condi Rice blasts Sen. Mark Udall’s President Obama on weak foreign policy, leadership
Former Sec. of State Condi Rice is fed up with President Obama. But Mark Udall is a strong Obama Democrat. Udall not only says he would vote for ObamaCare again, he also lets the most dishonest Senate Majority Leader in recent history, Sen. Harry Reid (D-NV), tell him what to do. Udall needs to be replaced.
No reason to believe 6 million have signed up for ObamaCare, much less enrolled
President Barack Obama is claiming that 6 million people have signed up—not necessarily enrolled — in ObamaCare. Does anybody believe anything Obama says about ObamaCare or anything else? No reason to believe him. Lots of reasons to not believe him. He's trying to rush people into signing up for ObamaCare with lies about signups, which are meaningless.
Ethics • Trust • Health insurance • Health Insurance Reform • (0) Comments • Read More
Consumer Reports hypes Tesla electric car, undermines its credibility
Consumer Reports magazine is a hard left, Gorean Climate Warming Alarmist not-for-profit with a large, well paid, politically correct staff.
It's hyping of the Tesla (TSLA) electric car is preposterous and undermines the magazine's credibility tremendously.
Colorado • Energy • Environment • Global Warming • Ethics • Trust • Media • Technology • (0) Comments • Read More
What people who don’t buy ObamaCare (ACA) can do to manage self insurance risks
Smart young people who don't have pre-existing medical conditions are deciding to self insure rather than enroll in hugely expensive insurance plans sold on ObamaCare (ACA) health exchanges. If they self insure, I think they should understand their risks and know how to deal with a huge medical bill if they are hurt in an accident or are stricken by an expensive illness. Some ideas:
Ethics • Health insurance • Community Rating • Health Insurance Reform • Individuals • Healthcare Providers • Hospitals • Read More
RNC, GOP should not sell out to U.S. Chamber of Commerce, The Business Roundtable
Republicans won't win elections with candidates who are just sound bite specialists and empty suits and who sell out to the U.S. Chamber of Commerce and the Business Roundtable.
Campaign Mgmt • Ethics • Trust • Health insurance • Health Insurance Reform • Immigration Reform • Taxes • Read More
Economist article casts doubts on scientific research on global warming, fracking, drugs, GMF
Those of us who've been very skeptical about the "science" behind Al Gore's global warming alarmism and warnings about fracking and genetically modified foods are vindicated in the Oct. 19 Economist article, Trouble at the lab. This is a must read.
Basically, the same 40% to 70% of high school kids who have told pollsters that they cheated on tests to get in to top schools also cheated in college and grad school and continue to cheat and cover up errors in their scientific research.
I've always believed too much in science and scientific research. But decades ago a scientist with a strong background in statistics and medical research abused me of my confidence in scientists' intellectual integritiy. Since then, a number of articles in the scientific literature and elsewhere by scientists have made me even more skeptical.
This article in the Economist only increases my frustration with the smart scientists who do dumb things and undermine our confidence in their work.
I've tweeted the following: Unreliable #research: Trouble at the lab. Must read. #cancer #psychology #biotechnoogy #drugs #clinical trials #NIH http://econ.st/19QXzFe and I've posted a link to the article on Facebook.
Colorado • Energy • Environment • Climate Change • Global Warming • Ethics • Trust • Quality • Science • Permalink
NSA and Snowden expose corrupt, elite Washington culture
Obama Democrats see Benghazi as non event; Benghazi Hillary Clinton still could become president
Obama Democrats think Benghazi is a non event. Nixon Republicans felt the same way for years. Some still feel that way.
Who do we blame for ObamaCare, the unAffordable Care Act? Big Government corrupts
Who do we blame for soaring health insurance premiums?
You can blame AARP, health insurers, doctors and hospitals and the politicians that they paid with campaign contributions to distort the health insurance and health care markets.
And you can blame uninformed, unorganized and powerless voters for letting the Henry Waxmans of Congress and every president since JFK for making it all go wrong.
Health care is big money and big government.
Big government spends big money.
Big money in the hands of Big Government corrupts.
Big government corrupts politicians, campaign contributors, drug companies, hospital administrators, physicians and regulators who have anything to do with distorting our health insurance and health care markets.
That's why America's huge government is and looks so corrupt. We're a third world country now.
Congress 113th • Ethics • Trust • Health Care Providers • Health insurance • Fraud and Abuse • Health Insurance Reform • Individuals • Medicaid • Medicare • Healthcare Providers • Hospitals • Permalink
Greed for power drives immigration reform
There is no greed like the greed for power that is driving the Republican establishment's push for "comprehensive immigration reform" even when it involves a "poorly crafted", dishonest, unworkable immigration bill that is unworkable and never would be enforced by President Obama or his successors.
The GOP's leaders like Sen. Marco Rubio (R-Mexico) think that if they back the most flawed immigration bill since the 2007 immigration bill Hispanic voters will give more support to the party's Congressional and presidential candidates. I don't think Hispanics will vote GOP, because the GOP is not of supportive of the Moocher Nation as Democrats are. Like Obama and other hard left Democrats, Hispanics think the government's job is to feed them and give them free health care.
That is why I think that the WSJ and Murdoch are way off base on immigration reform. They're pushing Congress to pass a flawed, dishonest and unworkable bill that never would be enforced if it became law. Obama and previous presidents haven't enforced border security for decades, and there is no reason to believe Obama would enforce a stronger law. He doesn't believe in the rule of law or in the U.S. Constitution.
I'm for the one-issue-at-a-time approach. Anyone pushing "comprehensive immigration reform" doesn't want reform, because it would be impossible to get through the House, if not the corrupt Senate.
What I'm for is a bill that would allow the members of the 11 million illegal immigrants who have paid their health care and education bills, paid local and national property and income taxes directly or indirectly, and obeyed our laws to stay as permanent residents.
No one who has illegally immigrated by violating our border security laws and regulations should be allowed on a path to citizenship. We should not reward those who've immigrated illegally and corrupted our politicians, judges, lawyers, journalists and academics with citizenship.
As for workers, the only ones we want are those who are educated, trained and capable of supporting themselves and their families. We don't need the sick, weak, illiterate, uneducated recruits for food stamps, Medicaid, Medicare and Social Security.
And we don't need illegal immigrants who think the S. W. USA should return to Mexico.
Congress 113th • Ethics • Trust • Immigration Reform • Permalink