Health Care Update: Senate-House Deal to block filibuster of health care & student loan changes….

(If you want an unbiased view on health care reform, do not read anything MiM writes on it. It pushes all my buttons and it is like being back in the DEM primaries for MiM)

TV ads featuring “Harry and Louise” helped defeat the Clinton health plan in 1994. The ads were funded by a group of insurance companies who feared they would be cut out of the market by larger firms

Here Team Obama IOWA press team makes sure the early press coverage for that primary presented Hillary’s American Choice plan as BIG BROTHER GOVERNMENT , if you watched TOTUS’ carbon producing jet fueled to IOWA speech on energy this week you heard him thank all the IOWA state officials who worked on his campaign back in the day, yeah can you even stop laughing that this GIGANTIC GOVERNMENT EXPANSION is a result of them scaring Democratic primary voters about Hillary making government bigger? BWA FRAKKIN HA HA HA


I thought without Hillary to divide us all in her divisive dividing divider way, all would come together as a united majority and pass NON MANDATED Obama health care?

Yeah not so much, all that bashing Team Obama did on Hillary was BS utter BS. They are NOT all coming together at the table to bravely find new ways to give health care to all Americans after all…

They are using reconciliation to ram through budget changes and blocking filibusters..The Harry and Louise-esque ads Obama ran during the primaries were a crock, he is doing health care via rationing  through comparative effectiveness and cost effectiveness studies and laying a  frakkin cap and trade carbon tax that will squeeze the last breath of life from the middle class Joe Biden claims to defend….

this is pitting middle class workers against the poverty stricken. The poor will get energy grants via LIHEAP, the big corporations who lobby for face time with TOTUS or Rahm will get carbon waivers and stick the middle class with the tab..

I won’t lie the Harry and Louise ads Team Obama ran and the virulent misogynistic anti Hillary anti Clinton rage in the Obots really made me hate that campaign, and to see the hypocrisy now is just frakkin sickening…watch the HillaryCare bashing Obot pundits rave about how wonderful TOTUS health care is now as they set up a CMTE of government nitwits to decide who can live or die and get a stent..Hillary wanted to give everyone access to health care Obama, like Teddy Kennedy,  wants to level society and doesnt care if the middle class gets denied expensive treatment if he can have his legacy…..Hillary really cared

And now the rats want Health care, Harry, Louise you are on your own

I got the mailers in AZ, He did it, period. and HRC kicked his axx in OH, yep.

and the NAFTA Goolsbee flipflop came true didn;t it? Obama is NTO opening NAFTA…

WSJ:

Passage would be particularly difficult under normal Senate rules, which would require support from 60 senators in order to block a likely filibuster delay from Republicans. And many Republicans are already threatening to filibuster, especially if the legislation creates a public health plan that competes with private insurers. Senate Finance Chairman Max Baucus (D., Mont.) is hopeful of reaching bipartisan accord on health. But if he fails, the just-negotiated budget would allow Democrats to overcome a filibuster because it puts health care under a procedure called “reconciliation,” which protects it from procedural delays and means it requires just 51 votes to pass.

Democrats currently have 58 seats in the Senate.

The compromise budget also includes filibuster-proof protections for an Obama plan to overhaul student-loan programs. The proposal would cut back on federal subsidies that now go to private loan companies, and would steer the money instead to direct assistance for needy students and others going to college.

The fact that WaPo hired Ezra Klein to write a column says it all, part of the JOURNOLIST Health Care Push…

Krauthammer (WaPo):

…The hard part is Medicare and Medicaid. In an aging population, how do you keep them from blowing up the budget? There is only one answer: rationing.

Why do you think the stimulus package pours $1.1 billion into medical “comparative effectiveness research”? It is the perfect setup for rationing. Once you establish what is “best practice” for expensive operations, medical tests and aggressive therapies, you’ve laid the premise for funding some and denying others….

The more acute thinkers on the left can see rationing coming, provoking Slate blogger Mickey Kaus to warn of the political danger. “Isn’t it an epic mistake to try to sell Democratic health care reform on this basis? Possible sales pitch: ‘Our plan will deny you unnecessary treatments!’ . . . Is that really why the middle class will sign on to a revolutionary multitrillion-dollar shift in spending — so the government can decide their life or health ‘is not worth the price’?”…

Here is Mr Glad Hands talking to the AFLCIO on single payor care

Here is Hillary standing up and speaking out for health care in 1994 when it was really unpopular in LEFTY OBAMA LOVIN Seattle, huh? tsk tsk leftys wonder where Obama was? Oh yeah dont ask or you will get kicked off a campaign, ask Bob Johnson…Hillary has always fought for us….now we will get it with NO CHOICES, JUST CARBON TAXES

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April 24, 2009. Tags: , , , , , . Economy, Healthcare, Hillary Clinton, Obama Administration, Politics, Taxes, Uncategorized. 1 comment.

Update: Stress Test White Paper lacks detail…

Update: From WSJ:

Fed White Paper on Stress Testing Procedure pdf here: FED Press Release here;  Market averages back to their trend line of the day, Dow up 130 to 8086, S&P up 14 to 86 NAS up 39 to 1691

For release at 2:00 p.m. EDT

A white paper describing the process and methodologies employed by the federal banking supervisory agencies in their forward-looking capital assessment of large U.S. bank holding companies was published on Friday.

The white paper is intended to assist analysts and other interested members of the public in understanding the results of the Supervisory Capital Assessment Program, expected to be released in early May. All U.S. bank holding companies with year-end 2008 assets exceeding $100 billion were required to participate in the assessment, which began February 25. These institutions collectively hold two-thirds of the assets and more than half the loans in the U.S. banking system.

More than 150 examiners, supervisors and economists from the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation participated in this supervisory process. Starting from two economic scenarios–a consensus estimate of private-sector forecasters and an economic situation more severe than is generally anticipated–they developed a range of loss estimates and conducted an in-depth review of the banks’ lending portfolios, investment portfolios and trading-related exposures, and revenue opportunities. In doing so, they examined bank data and loss projections, compared loss projections across firms, and developed independent benchmarks against which to evaluate the banks’ estimates. From this analysis, supervisors determined the capital buffer needed to ensure that the firms would remain appropriately capitalized at the end of 2010 if the economy proves weaker than expected.

The Supervisory Capital Assessment Program: Design Summary (287 KB PDF)

Released now, the parameters were apparently already out there, they used Case Shiller Housing Value Futures in their projections…CITI already tested itself against that same metric…

they are not giving the Tangible Common Equity number they want from the banks is it 3%? 4%? and they are also not giving out the specific projected losses or the size of the capital buffer the regulators want…..meanwhile the NY Post is reporting Vikram Pandit is out as CITI CEO shortly….

They gave the categories of loans they looked at and the counterparty risk but not the other parameters, reporters asked on the conference call…..

Will get up the CNBC clip as soon as it’s available

It’s managing expectations they say..a whole lotta nothin’ just came out…they Put on the Ritz for us…they don’t want anyone running the numbers before the banks shore up capital..

Next words will be the results of the stress tests on May 4th, I think the banks will begin to leak their own inner results before that..

The markets are turning down now, were up over 100 now up 50 on the Dow….

Submitted by IrishC

Submitted by IrishC

April 24, 2009. Tags: , , , , , , , , , , , , , , . CITI, citigroup, Economy, FDIC, Film, Finance, TARP, Uncategorized, Wall St. Comments off.

X-Men Origins: Wolverine New clip: ‘I think we’re gonna need new sheets’ | SCI FI Wire

Courtesy of SciFiWire via EmpireMovieNews

…As you probably already know, that’s Lynn Collins in the clip as Silver Fox, the girlfriend that Wolverine finds when he abandons his fightin’ ways and goes off to seek peace and inner oneness (probably not) in a cabin on a hilltop…

Vodpod videos no longer available.

more about “X-Men Origins: Wolverine New clip: ‘I…“, posted with vodpod

April 24, 2009. Tags: , , , . Entertainment, Fantasy, Film, Popular Culture, Saturday Morning Cartoons, Sci Fi, Uncategorized. 1 comment.

TGIF!!!! Horror ‘Friends’…

Created by JordanCrowderFilms

and a Behind the Scenes View of the Making of Horror ‘Friends’:

http://www.jordancrowderfil…

A special feature from the production of “Horror Friends”. Contains behind the scenes footage of the making of the film.

April 24, 2009. Tags: , , , , , , , , , , . Comedy, Entertainment, Fantasy, Film, Horror, Popular Culture, Uncategorized. 2 comments.

Market Mover: Durable Goods come in Weak; Ford narrows 1Q loss, Gold on a tear back over $900…

Durable Goods Orders just released for March..came in less weak than expected, down 0.8%, but February also revised downward..

FORD is kickin axx and takin names on their results, FORD is government free! Now with LESS GOVERNMENT! They should put it on a label it will increase sales no doubt!!!!

Ford Motors posted a smaller-than-expected first-quarter loss and said it was on track to at least break even in 2011 and did not expect to seek U.S. government loans, sending its shares up more than 22 percent.

The company expects to be profitable in 2011, Ford CEO Alan Mulally told CNBC’s Phil LeBeau.

“We are really turning the tide in North America,” Mulally said, adding that the industry may have hit bottom.

In response to that, Ford will increase production in the U.S. by 25 percent in the second quarter, he added.

GOLD is on a tear, back up to$910.5 and still climbing….

MiM still likes Gold anytime it backs down under 850….

Bowie montage courtesy of midevilfreako

April 24, 2009. Tags: , , , , , , , , . Economy, Finance, Music, Popular Culture, Uncategorized, Wall St. Comments off.

Market Mover Friday: Pressure – Treasury releases Stress Test Methodology…

Friday the White Paper on methodology used in the stress test of the 16 US financial firms to be released..

May 4th the results of the stress tests themselves will be announced..

Congress Critters mucking about in everything they can in our financial system, like a pressure cooker for the financials…

April 24, 2009. Tags: , , , , , , , , , , , , , , , , , , . CITI, citigroup, Economy, Entertainment, FDIC, Finance, Music, Obama Administration, Politics, Popular Culture, TARP, Uncategorized, Wall St. Comments off.

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