The 11/3 project This is funny

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
The 11/3 Project
www.thedailyshow.com
Daily Show Full Episodes Political Humor Health Care Crisis

Faux News for those who can't think for themselves

The Audacity of Ho's

Jon stewart takes on ACORN coruption.

Very Funny

http://www.thedailyshow.com/watch/tue-september-15-2009/the-audacity-of-hos

Glenn Beck the Big Dummy

Glenn Beck the Big Dummy

The Health Care Debacle

Unfortunately most of the protesters that don’t want the government to interfere with their health plans don’t understand the way American health care works right now. The government is already deeply involved, even in private insurance. Government involvement is the only reason our system works at all.

Private insurers deny as many claims as they possibly can, and they also try to avoid covering people who are likely to get sick or need care. Their efforts to avoid paying medical bills or medical losses, the industry code language for paying out claims. Insurers spend much of the money taken in through premiums not on medical treatment, but on screening out people likely to make insurance claims.

Where people buy insurance directly rather than getting it through their employers, so much money goes into screening or underwriting and other expenses that only around 70 cents of each premium dollar actually goes to care. The only reason that the majority of people who have health insurance are reasonably satisfied with their insurance is government intervention.

The government already directly provides insurance via Medicare and Medicaid and although not perfect, surveys indicate that Medicare patients are generally much more satisfied with their coverage than Americans with private insurance.

Most Americans under 65 get insurance through their employers. The advantage of this method is that you and your employer get a tremendous tax advantage because the contributions are not considered taxable income. In order for your employer to get this tax break, they have to follow the rules that and they can’t discriminate based on pre-existing medical conditions or age. So for instance the only reason that I can get health insurance at my age of 58 with high blood pressure and a stint in an artery in my heart is because of government intervention.

Unregulated markets for health insurance don’t work and never have the only thing that keeps the majority of Americans insured is the government covers people over 65 and regulations and tax subsidies make it possible for many, but not all people under 65 to get decent and affordable private coverage.

So for all the disruptive protester at these town hall meetings, come up with a plan or give back your Medicare and Medicaid and try and get some private insurance that the government doesn’t regulate.

Peace, Liberty, and Prosperity through intelligence, strength, and integrity.

I Thought Steeling A Pension Was Illegal Mr. President

I Thought Steeling A Pension Was Illegal Mr. President

While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting nada and many creditors will get nothing, a few privileged GM lenders, J P Morgan and Citibank, expect to get back 100% of their loans to GM, about $6 billion in all.

How does this happen and why aren’t the Union’s lawyers all over this??

You see when a company goes bankrupt, everyone loses. Workers lose some contract wages, stockholders get wiped out and creditors get a piece of what's left. That's the law. What workers don't lose are their pensions and that includes the old-age health funds, already taken from their wages and held in their name.

This time though Steve Rattner, Obam’s Car Czar wants to grab the pension funds to pay off J P Morgan and Citi Group by demanding the bankruptcy court to simply give the money GM owes workers for their retirement health insurance held in trust and replace it with GM stock.

This is illegal..!!!!
http://en.wikipedia.org/wiki/ERISA
http://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation

Pension money is protected from being seized in bankruptcy. Now though, the Obama Administration is demanding that money used to secure the old-age health funds, go to the very people who caused the financial melt down in the first place.

Under this plan GM’s pension assets are replaced with GM stock and this is illegal because the law requiring that companies, as fiduciaries, must "... act prudently and must diversify the plan's investments in order to minimize the risk of large losses." By "diversify" for safety, the law does not mean put 100% of worker funds into a single busted company's stock. Remember Enron who encouraged their worker to invest in Enron in their 401k plans.

Now we are going to throw thousands of workers out of work and give the money that would have funded the retiree’s health plan to J P Morgan and Citi Group, the same guys who have leeched up over one third of a trillion dollars in aid from you and me and replace it with worthless GM stock.

I got an idea let’s give the banks the stock and the pension plan keeps the cash.

If I had a business and ran its pension fund like this I’d end up in jail, but if the president and congress do it, it is business as usual in Washington DC.