Twofer Tuesday: Brought to you by Obama Democrats ~ the Sucking Seventies Revisited~ Shattered/Stayin Alive

Since the Obama Democrats have brought us back to the Sucking Seventies, here are tunes to match:

 

October 26, 2010. Tags: , , . Economy, Entertainment, Music, Popular Culture. Comments off.

Update: More Taxes. Pushes capital gains to 22.9% in 2011. WH Healthcare Plan: Charge of the Seventies Brigade

Update: Plan released. Taxes. Lots and lots of fees, fines and taxes. He is raising cap gains 8% over the next 2 years and he thinks this will HELP CREATE JOBS? Good Gawd.

BusinessWeek:

…In the plan, Obama is advocating applying taxes for Medicare, the government health program for the elderly, to unearned income for the first time.

Obama would place a 2.9 percent assessment on income from interest, dividends, annuities, royalties and rents for individuals earning more than $200,000 or families making more than $250,000, according to a summary released to reporters.

The proposed tax would also apply to capital gains, an administration official confirmed. That would push the rate to 22.9 percent in 2011, up from 15 percent currently and 20 percent scheduled to take effect next year. Obama also embraced the Senate proposal for an increase in the Medicare payroll tax on the highest earners….

Get your Disco ball ready…..

Highlights of the WH plan include such 70s hits as Price Controls and Caps!

Politico:

President Barack Obama wants to give the federal government sweeping new authority to curb exorbitant rate hikes by the nation’s health insurance companies, a White House official said Sunday night…

Obama’s proposal would give the Health and Human Services secretary, Kathleen Sebelius, new powers to review premium hikes by private insurance companies – and in some cases, block those deemed excessive. Anthem’s rate hikes of up to 39 percent in recent weeks have focused attention on the skyrocketing health insurance costs, the very costs Obama vowed to fight when he undertook comprehensive health care reform last year…

And also fresh from the 70s,  when in doubt, create a new government bureaucracy!

Obama’s plan would create a new board made up health insurance experts, which would determine annually what are reasonable premium hikes in various markets, and the HHS secretary also would work with state officials, the White House said. The proposal was first reported in the New York Times…

More when the ‘plan’ is released in 20 minutes…I’m sure AHIP is glad they partnered with Obama now, feel the burn you get in exchange for working with Team TOTUS..imagine when the hospitals raise their prices 30% and the insurance plans are told, uhm no, no rate hikes for you! Premium nazi (like Soup Nazi)….
…Gee they would have to go out of business and leave the government the only game in town..part of the design no doubt about it.

February 22, 2010. Tags: , , , , , , , . Economy, Finance, Healthcare, Music, Obama Administration, Politics, Popular Culture. Comments off.

Reality Bites: Tragedy for the Left as TOTUS deals with big pharma behind closed doors…

The Obots are discovering that Reality Bites. Because he is NOT the change they were looking for. All the BS about eeeeeevil Hillary who was in the pocket of lobbyists (she wanted to work WITH the corporations this time after she locked them out of negotiations and failed in 93), and eeeevil John McCain and Sarah Palin who were decried as corporate tools, was just that TOTAL UNMITIGATED BS. TOTUS is the one locking the doors and making deals under the table. It is the constituents who are locked out this time..Rude Awakening for the Obots…

HotAir:

Take it away, Michael Brenner.

Let’s face the harsh reality — Obama has blown health care reform, big time. The opportunity of a lifetime has been squandered. The most recent revelations about backroom deals with Pharma and the other vendors of medical services drops the curtain on any hope of serious change in our costly and inefficient non-system. This is a painful admission to make. Not only does the country remain handicapped by grossly sub-par arrangements for health delivery, we also are burdened with a president who has been discredited as a progressive dedicated to a betterment of how we conduct public business….

It is Barack Obama who is to blame for this. For months, he stayed aloof from the out-of-control Congressional maneuvering based on a strange belief in some kind of bipartisan collective will emerging by osmosis. He never leaned the weight of his person and his office to elements of reform that has been touting as candidate and then President. He deceived the country by pursuing secret talks with the very lobbies who are the heart of disgraceful national health care situation. He entered into deals that were weighted heavily in their selfish interest rather than the national interest. In short, we have gotten from him the antithesis of what we were promised and expected — in the substance and process of policy both. We have instead a conventionally minded politician overly respectful of the status quo and deferential to those who control and profit from it, A man with no apparent fixed convictions….

BeeGees courtesy of wirdirherllme

Gen X could’ve told the Obots that Reality Bites….

Gotta love the IRONY:

Clip courtesy of ladylegoalaska

August 16, 2009. Tags: , , , , , , , . Healthcare, Obama Administration, Politics, Popular Culture. Comments off.

Update 2:MO Crowds Protest TOTUS at town hall: Crowds for Me but Not for Thee: Obama bashes Tea Parties…

Update 2: Instapundit has it via Gateway Pundit, hundreds of  Tea Party protesters showed up at TOTUS’ town hall in MO, BWAAAHAAAAA! And recall at the MO Tea Party they marched to Clare McCaskill’s office, Disclaimer I cant stand clare and her two faced ‘take Big Dawgs help to win while bad mouthing him to the media’ ways..ugh clare….

MO Tea Party Protestors Greet Obama in St Louis ; FM Radio host Dana Loesch addresses crowd (Gateway Pundit)

MO Tea Party Protestors Greet Obama in St Louis ; FM Radio host Dana Loesch addresses crowd (Gateway Pundit)

Phoenix Tax Day Tea Party

Phoenix Tax Day Tea Party (Photo Credit: Brad)

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April 29, 2009. Tags: , , , , , , , , , , , , , , , , , , , , . Economy, Entertainment, Finance, Healthcare, Hillary Clinton, Housing, Immigration, Labor Department, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Unemployment Statistics. Comments off.

TOTUS on TOUR: I Started a Joke…

…..that has the whole world crying….he calls it Global Stimulus…

(more…)

April 2, 2009. Tags: , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, TARP, Taxes. Comments off.

Barney Frank defends FDIC Sheila Bair against the ‘Old Boys Club’

Barney Frank (D-MA) has discovered an Old Boys Club and he is calling them to the carpet..

REGULATION - SUMMIT /

Tim Geithner has apparently decided to make a power move and try to force out Sheila Bair, the current head of the FDIC who is slated to hold that role until 2011. One of the reasons her role (as well as head of the FED Bernanke), goes 2 years beyond our POTUS elections, is for continuity, but Tim, (who was in the room for such great masterpieces as the AIG nightmare and the decision to allow Lehman to fail), wants to push her out now…

from Bloomberg: …Timothy Geithner, President-elect Barack Obama’s choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office.

Geithner, president of the Federal Reserve Bank of New York, has argued Bair isn’t a team player and is too focused on protecting her agency rather than the financial system as a whole, according to two congressional officials and a person familiar with his thinking. Bair has battled with Geithner and fellow regulators over aid to Citigroup Inc. and other emergency actions, making her enemies in the Bush administration…

Sheila Bair is covered extensively in another piece we did here

Sheila has been pushing for immediate action on her FDIC loan modification plan, and several Congress Critters are in her corner, and challenged Kashkari and Paulson to enact her recommended plan at the last series of hearings.

Bair, a staunch proponent of using TARP funds for foreclosure mitigation, has been under fire from the Bush Administration and Hank Paulson for pushing her plan forward. She has been invited to testify before Congress directly, when Paulson and Bernacke failed to bring her along themselves to discuss TARP.

Maxine Waters D-CA, Barney Frank, Nydia Velazquez D-NY in particular all noted that Sheila has a plan and Treasury and the Fed are refusing to enact it while housing continues to tank…(as I speak I hear Cramer on CNBC saying Bair needs to stay in and Tim is wrong wrong wrong (caveat Cramer didnt like Geithner for the Treasury role)

So here is a toast to Barney Frank, the Chair of the House Financial Services Cmte, who today gave a speech decrying Geithner’s apparent calls for Sheila Bair’s replacement (and discovered the Old Boys Club operating under his nose, this one is for the No Shxt Sherlock files)

We have already gone over Ms Bair’s incredible resume and her dedication to what is best for the economy and the consumer, and her sheer GRIT in pushing the agenda forward against all odds.

Today, Barney Frank came right out and pushed for Bair to not only hold her post thru 2011 as she is slated to do (she has offered to step aside should Obama want to replace her) but that she should in fact stay on beyond that date and be given a larger portfolio. RIGHT ON!! Politico has the scoop:

…Congressional Democrats — Frank first among them — on the other hand have heaped praise on Bair, a Republican, for her advocacy of foreclosure prevention, which she distilled into a proposal to use taxpayer money to refinance more than a million troubled mortgages. She has suggested that some of the $700 billion be used to fund her plan.

Needless to say, any decisions regarding Bair’s career that are seen as punitive could hurt Geithner — and Obama — on the Hill at a time when congressional cooperation is desperately needed to quickly move Obama’s economic proposals once he takes office.

Frank credited the current resistance to doing more about foreclosures to ruffled male feathers. “I think part of the problem now is that, to be honest, Shelia Bair has annoyed the Old Boys Club.” He likened the situation to several regulators “up in the treehouse with a ‘No Girls Allowed’ sign.”

Bair should retain her FDIC post in the Obama administration and even be given a “broader role in helping to formulate policy on mortgage foreclosures,” Frank told reporters after his speech.

As for how Obama is handling things, Frank went one step farther and said he needs to take a more FIRM stance NOW:

…Voicing his well-known frustration with Treasury Secretary Henry Paulson and other officials for resisting calls to use funds from the $700 billion bailout package to combat foreclosures, Frank said lawmakers are being told that the back-and-forth consultations with the Obama transition team has delayed consideration of such actions.

“I’m a great fan of the president-elect, but I think it’s probably the case that he’s going to have to be more assertive than he’s been,” Frank said, addressing the Consumer Federation of America’s annual financial services conference. “And I know what he says is ‘Well, we only have one president at a time. My problem is, at a time of great crisis and [massive] mortgage foreclosures. … I am afraid that overstates the number of presidents.”..

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December 4, 2008. Tags: , , , , , , , , . Cabinet, Economy, FDIC, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Wall St. 10 comments.

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