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Archive for the ‘financial opinion’ Category

… What are They Thinking ?!?! [#Operation Choke Point]…

Posted by paulfromwloh on Thursday,November 10th,2016

.. I am sorry that I did not know what Operation Choke Point was , before .

.. I do now .

.. It is unquestionably illegal , an illegal use of congressionally appropriated funds for which there is no moral or legitimate purpose . People who run legal businesses have a right to do business , without hindrance . Banks and other financial institutions may choose to or not to do business with them . They have the right to choose to enter or exit areas of business that they find tasteful . If they find them distasteful , then they will not do so . But , it is their choice …

.. [h/t — Newsmax]..
.. [link] to the news story ..

.. Governments have at their discretion a great deal of power . They should use it responsiby and carefully . It is not the province of the government , however , to grossly misuse its law enforcement and regulatory powers to harass , intimidate , and / or penalize them . They have a right to do business with whom they choose . They do not have a right to put them out of business by indirectly targeting them by their financial intermediaries [the banks / s&ls , etc]. It is not just unfair , it is illegal and unconstitutional …


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… The Sad Think with Venezuela [#oil exploration]…

Posted by paulfromwloh on Sunday,September 18th,2016

.. Venezuela is an oil – rich nation , that is no doubt . However , its legacy is being squandered by the Chavistas and now Nicolas Maduro and his gang , with an assist from Cuba …

.. it has an even richer legacy , one that is right now largely going unexplored . It is the Orinoco Basin . Outside of the United States , the Orinoco Basin is one of the largest unexplored areas of shale oil on the planet . Most estimates put the holdings there at about 150 billion barrels to 175 billion barrels of oil . Yes , they are that large . But , right now , nothing . Courtesy of the Chavistas …

.. [h/t —]..
.. [link] to the book review …

.. courtesy of the economic insanity that is Venezuela and other countries like it [such as Ecuador] , that are will continue to go largely unexplored . The investment capital that would flow into that area in massive quantities [in a lawful country] is cutoff in a legalistic fantasyland like Maduroland [Venezuela] or Correaland [Ecuador] …

.. In Cuba ‘ s case , it is their lifeline . They receive an extraordinarily generous oil subsidy from Venezuela . They need it , or else , it is bye – bye Communistas …

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… Greece is Now in Real Trouble [#the Euro]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. the I.M.F. walking out of talks is not good ..

.. but neither is giving Greece more debt in order to pay off previous debts . That just does not make any sense at all . Extending the maturities will not do enough …

.. [h/t —]..
.. [link] to the blog article …

.. You have to reduce the amount of principal , and , if possible , the interest rates , as well . Greece does not really merit a reduction in the interest rates , though . The principal reduction should do the job ..


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… What Brand of ” Weed ” has POTUS …

Posted by paulfromwloh on Thursday,April 7th,2016

.. been smoking ..

.. all the economy has done is stabilize . It is not strong , not by a long shot …

.. it is aching for the promotion of investment . Right now , it is not getting it , and the lack of it show , very much , in the lack of strong and consistent economic growth . The result passes down to people ‘ s paychecks , even with the growth in the stock market …

.. [h/t —]..
.. [link] to the news post // tweets …

.. POTUS is in fantasyland if he thinks that his policies are responsible for this . They are not , not one bit . It is the actions of the Federal Reserve Board , assisted by the Department of the Treasury , that aree responsible for our current condition . It does not make our current condition nice and breezy , either …


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… Miz Hillary is an Economic Illiterate [#Supply Side Economics]…

Posted by paulfromwloh on Wednesday,January 13th,2016

.. it works every time that it is tried …

.. it is the supply side of the laws of supply and demand . You cannot have investment without encouraging it …

.. [h/t —]..
.. [link] to the blog news …

.. Miz Hillary does not have a clue about how businesses work . Considering she is a lifelong radical activist and a lawyer , plus a senator …. that figures …

.. it does not matter ….. whether it is sole proprietorship , a partnership , or a corporation ….. they help to create the jobs …. economic demand does not do it ….

.. Miz Hillary should go back to college , and take a refresher minor in economics . Then , at least , she will then understand how economics works , and how the business cycle works [as well]….


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… Nicely Done , Marco Rubio !! [#ObamaCrapCare][#risk corridors][#death spiral]…

Posted by paulfromwloh on Friday,January 1st,2016

.. you really have to admit , Sen. Rubio really did his homework on this ..

.. he slipped in this provision into the federal budget [yes , two years ago] that makes any spending by the Feds on the so – called risk corridors ” budget – neutral . I am really surprised that the ObamaCraps let this thing get thru in the first place . Amazed would be a better guess . Another would be the height of arrogance and narcissism , that would make them overlook this …

.. huh ?!?! ..

.. in plain English , the ” risk corridors ” are designed to protect the insurance companies [and the co – ops] from the fallout from excessive #s of claims during the early years of OCC . Making this budget – neutral means that the Obamacraps cannot do a backdoor bailout of the companies , using federal funds ..

.. [h/t —]..
.. [link] to the blog post …

.. so , what has been the fallout from this ?? ..

.. many of the health insurance co – ops have collapsed . Most of the others are on the brink of collapse . Also , insurance companies [large and small] are beginning to pull out of the state OCC cooperatives . This is really putting the states [and their creations] in a financial bind . Also , it could and will get much worse ..


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… Video – on – Demand is Part of Hollywood ‘ s future [#economic model]…

Posted by paulfromwloh on Wednesday,September 9th,2015

.. well , surprise …

.. Hollywood is getting a peek at the economic model of the future …

.. and V.O.D. is going to be a part of it , whether they like it or not …

.. [h/t —]..
.. [link] to the news article …

.. the hairy and botched dealings with the release , cancellation , and then re – release of ” the Interview ” [starring Seth Rogen and James Franco] is going to teach Hollywood several important lessons …

.. one , to be obvious is about computer security . It is not , how much it will cost you . It is a question of how much that it will cost you if you do not do it right …

.. another is V.O.D. …. Hollywood cannot ignore it any longer . Going with VODsimulataneous with a motion picture ‘ s release is going to become more and more common . It will also help to cannibalize the antics of movie pirates , by beating them to the punch …


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… Oh Boy … Go , Rudy , Go !! [#Guiliani interview]…

Posted by paulfromwloh on Wednesday,December 24th,2014

.. man , oh man is Rudy Guiliani a force of nature …

.. even after more than 15 years out of office , he can really bring it in an interview …

.. get a earful of Rudy the other Saturday night on ” Justice with Judge Jeanine . ” He was in rare form …

.. [h/t —]..
.. [link] to the interview segment …

.. He really handed it to POTUS , AG Holder , and that so – called Reverend [yea , it’s Sharpton] … they all have it coming …


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… I would tend to wonder [#Q2 GDP]…

Posted by paulfromwloh on Sunday,August 10th,2014

.. the underlying facts on this one do not fit ..

.. especially with consumer spending . The spending by consumers makes up 65% of our economy . So , in the 2nd Quarter , consumer spending was up , but only by 2.5% …

.. and the Department of Commerce says our GDP rose by 4.00% in the 2nd Quarter ?? It does not make sense …

.. [h/t —]..
.. [link] to the economic report ..

.. also , I will tell you why . The amount of investment , or , to be honest , the lack thereof …

.. a lot of the upside in this is from inventory buildup . You have that with an expansion , but , if there is any falloff , then look out below . Also , you have a problem with the lack of gain in general investment . You really cannot have a sustained and strong expansion without it . That is what the ObamaCraps keep forgetting , if they even give a damn about it …


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… an Oil Price Shock [#a real possibility]…

Posted by paulfromwloh on Sunday,August 10th,2014

.. it is possible , and it is real ..

.. unlike 1974 or 1979 , it is not something that can or might be reversed by a ” snap of the fingers ” …

.. [h/t —]..
.. [link] to the economic report …

.. with Libya ‘ s decline , the possible damage in Iraq , and premiums that could price into the market , due to the effects on the Gulf nations and Saudi Arabia in particular , it could get nasty …

.. also , now , Russia is a major producer . It is also very heavily dependent on oil revenue as a source of tax revenue for its Treasury . The Russians may not want to turn off the ” tap . ” But events may do it for them …

.. also , here in the U.S. , if it happens before November 2016 , the DemoCraps will be crushed at the polls . Even Miz Hillary cannot overcome the effects of disastrous policies from the ObamaCrap administration …


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… Argentina is Being Stupid [#debt default]…

Posted by paulfromwloh on Thursday,August 7th,2014

.. there are many parts of the debt market ..

.. the Argentines are going to have to deal with them . Even the vultures …

.. [h/t —]..
.. [link] to the news piece ..

.. Argentina defaulted more than once before . They have to answer for it . They have made a debt payment , but not to the ” vultures . ” They have to make a ” final ” deal with them , in order to revise the country ‘ s finances …


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… Not a Big Shock [Employers dropping Health Insurance] …

Posted by paulfromwloh on Sunday,May 25th,2014

.. well , you can thank ObamaCrapCare for this .

.. not all of it , though .

.. with medical inflation still galloping along (contrary to the claims of the ObamaCraps and His Lordship) , employers have to do something . They are going to have to put with ObamaCrapCare for now , so , what happens …

.. [h/t — hotair]..
.. [link] to the blog post …

.. simple economics ! …

.. cost of providing health insurance , less …
.. OCC fine for employers ($2000 (oops)) , equals
.. bye – bye , health insurance …

.. hey , great , the employee gets a temporary boost in pay . The employer though , gets more cost certainty , because they and the employee know where that boost is going for , and why . Another dandy : That boost is taxable to the employee .

.. when the employer buys health insurance , they get to use before – tax dollars . It means that the cost of the insurance comes off of the employer ‘ s taxes as a cost of doing business . Not so for the employee . The employee has to use after – tax dollars …. Bummer ! …


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… Nay – Nay , Kickstarter []…

Posted by paulfromwloh on Friday,May 9th,2014

.. the movie is going to get funded , anyway ..

.. so far , the Gosnell project has raised nearly $1.68 million to date . Another $420,000 is still needed ..

.. [h/t — TruthRevolt]..
.. [link] to the blog post ..

.. and it was done without the help of you scumbags at Kickstarter

.. Thank you , and God Bless You , IndieGoGo !!  …


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… Good Luck , Vermont ! …

Posted by paulfromwloh on Tuesday,April 22nd,2014

.. I thought that the People ‘ s Republic of Taxachusetts was bad .

.. Vermont is , it seems , worse .

.. [h/t — m.NationalReview]..
.. [link] to the blog news ..

.. when the commune [state] of Vermont adopted its ObamaCrapCare exchange model , it found that it had a problem — tax money ..

.. it did not have enough of it . It still needs to get waivers from the Feds to wrap Medicare and Medicaid into its single – payer model . But , it still does not have enough tax $$ .. Oops ..

.. Vermont is , however , a small state , of about 670 , 000 people . It produces , normally , about $ 3 billion in state tax revenue every year . To pay for its model , it needs to raise another $2.5 billion — slight problem …

.. even the ” Green Mountain ” gang is not crazy . They may want to adopt a single – payer mondel for ObamaCrapCare — but where does the money come from ?? Great Question . They jack up the taxes , and people go bye – bye …

.. you made your bed , folks . You get to lie in it …


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… These are ObamaCrapCare charts that the ObamaCraps do not Want You to See …

Posted by paulfromwloh on Sunday,April 20th,2014

.. the ObamaCraps are secretive to excess . I think that is beyond obvious ..

.. but , this secretive and narcissistic ?? yea , that much …

.. [h/t —]..
.. [link] to the evidence and news …

.. you have to see this to believe it ….

7 Blockbuster Obamacare Charts That the White House Doesn’t Want America to See

Remember all those promises that were made to sell Obamacare? Like lowering premiums for a family of 4 by $2,500 a year, allowing people to keep their plans and their doctors, not adding a dime to the deficit, and all of that?

Well, let’s just see how much of a striking success “Obamacare” is based on the numbers so far. The Heritage Foundation created these charts based on the HHS’ own numbers, the CBO’s, and the Kaiser Family Foundation’s.

1.Young People’s Premiums are Jacked Up

Premiums_Age27If you’re a young person, you’re pretty much screwed. Not only will you be paying higher premiums to subsidize your elders, you will be paying more taxes over your lifetime to pay back the loans we’re accruing just to pay for this boondoggle. You’re welcome, right?

2. Family of Four – Your Premiums Did Not Drop $2,500/Yr.


So… Mr. Smooth was going to save a family of four $2,500 a year in premiums, as promised so many times it’s laughable. About that… a family of four is likely to get an increase in premiums, and in addition, basically anyone who wants to work and live the American Dream will be penalized with higher taxes.

3. New Taxes for Everybody!

CP-Obamacare-in-Pictures-11_HIGHRESSpeaking of taxes, check out these bad boys. Not just one, but 18 new taxes lumped into one giant bill that should be called “Obamatax.” Hey, it’s not a tax! Oh yeah, well, now it is.

4. Raiders of the Lost Medicare



You would think from all the hysteria nowadays about Medicaid expansion to the states that this was the main purpose of Obamacare – to spread a huge soviet-style welfare program to as many homes as possible (and let those who are on it tell ya about the amazin’ service while they’re at it!) Anyway, let’s frame some of that left-wing hypocrisy by pointing out Obamacare’s massive cuts to another government program – Medicare.

5. You Like Higher Deductibles? Well, Obamacare’s Got ‘Em!



Now, show him the deductibles, Bob! Average deductibles on the “Catastrophic,” “Bronze,” and “Silver” plans are going through the roof. (No worries if you live in Colorado or Washington, just light up a joint and forget you read this.)

6. Obamacare Costs Way More Than Projected – And It’s Not Even Warmed Up



Now here comes the biggie – cost. If you were one of the supporters of this law who thought it wouldn’t “add a dime” to the deficit, I want you to turn to your (theoretical) children and grandchildren and apologize. We’ll wait.

No, tell them the part about how you’ll be sticking your kids with your generation’s bills, and how debt is the unpaid portion of the federal budget that gets passed on to someone else.

Still don’t feel guilty? How about realizing that all of those taxes coming out of the private sector to pay for this disaster will limit your children’s futures, indicated in part by the half of college graduates who can’t find jobs in their fields? Oh, now you feel guilty.

7. Still Unpopular After All These Years


And lo and behold, this healthcare “reform” boondoggle passed through procedural gimmickry with no bipartisan support whatsoever loaded with nonsense and unread in full by most of the nation’s “representation” in Washington still has very little support  – beyond those Democrats who would support anything the party told them to.


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… Holding Children Responsible for the Parents ‘ Debts …

Posted by paulfromwloh on Saturday,April 19th,2014

.. when it comes from an overpayment (in this case , from the Social Security Administration) …

.. so , what exactly did the government do ? One arm [the S.S.A.] sent notice about the debt to another arm [the I.R.S.] . The Infernal Revenue Service prompty seized the money from her tax refund ..

.. [h/t — HotAir]..
.. [link] to the blog news ..

.. one problem was that the supposed debt was only about $2,700 . The amount of the tax refund was about $4,400 . So the government took the whole thing … the next was the stunt that the government did to lift the statute of limitations …

.. let me reproduce a segment of the blognews from the HotAir post , so that you understand …

When [Mary] Grice was 4, back in 1960, her father died, leaving her mother with five children to raise. Until the kids turned 18, Sadie Grice got survivor benefits from Social Security to help feed and clothe them.

Now, Social Security claims it overpaid someone in the Grice family — it’s not sure who — in 1977. After 37 years of silence, four years after Sadie Grice died, the government is coming after her daughter. Why the feds chose to take Mary’s money, rather than her surviving siblings’, is a mystery…

“It was a shock,” said Grice, 58. “What incenses me is the way they went about this. They gave me no notice, they can’t prove that I received any overpayment, and they use intimidation tactics, threatening to report this to the credit bureaus.”…

Social Security officials told Grice that six people — Grice, her four siblings and her father’s first wife, whom she never knew — had received benefits under her father’s account. The government doesn’t look into exactly who got the overpayment; the policy is to seek compensation from the oldest sibling and work down through the family until the debt is paid.

SSA insists that they did send notice — to a P.O. Box that Grice hasn’t owned for 35 years, even though they have her current address.

How can they demand restitution for a mistaken payment made in the late 1970s, let alone from someone who didn’t even receive it? Because: The farm bill that passed in 2011 lifted the 10-year statute of limitations on debts owed to the feds. Treasury has collected more than $400 million since then on very old obligations, many of them below the radar of public scrutiny because the amounts are often small enough, i.e. a few hundred dollars, that the targets find it’s cheaper to pay up than to fight. It’s a shakedown, based on the flawed assumption that a child not only must have benefited from the overpayment to his parent but that he/she received the entirety of the benefit, with little proof offered that the debt even exists. (One man who was forced to pay demanded a receipt from SSA affirming that his balance was now zero. The SSA clerk told him he’d put in the request but that the man shouldn’t expect to receive anything.) The only reason you’re hearing about Grice’s case, I think, is because they went after her for thousands, not hundreds, of dollars, which was enough of a hit to make her get a lawyer. Turns out that the feds had seized and then continued to hold her federal and state refunds, an amount greater than $4,400 — even though they were only demanding $2,996 from her to pay off her father’s debt. Lo and behold, once WaPo found out and started asking questions, the $1,400 excess was promptly returned to her. Amazing how fast bureaucracy can move when someone looks behind the curtain.

The whole thing is Kafkaesque — opaque, oppressive, arbitrary, and sinister in its indifference to making sure the right person pays so long as someone does. After reading the story, it’s not obvious to me what’s stopping Treasury from demanding a payment from every taxpayer whose parents are dead. If the chief witnesses are gone and the feds don’t have to prove that a child actually received any benefits from overpayment, the only “check” on this process is SSA’s willingness to tell the truth about who owes them money and how much. You trust them, don’t you?

.. LEC here again :

.. so , you understand the basic gist … Kafkaesque – sounding , doesn’t it…

.. another cheap stunt is the change in the statute of limitations for old debts , and slipping it into he farm bill . That is a very serious legal problem for the government . It is also unconstitutional . What the gowas make a change in the law that was ” ex post facto . ” Basically , you have reinstated a debt that expired by the statute of limitations [in the 1980s , in their case] , and misused the law to reinstitute it …

.. It does not matter whether it is a criminal matter or a civil matter . Doing that action ” ex post facto ” is an unconstitutional act . So , they should challenge it , and have it struck down …


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… Dingy Harry Reid ! [#You Are Busted]…

Posted by paulfromwloh on Thursday,April 17th,2014

.. good ol’ boy gets caught with his hand in the cookie jar …

.. [h/t —]..
.. [link] to the blog news …

.. evidently , the land that the Feds want (and that they do not own) is state – owned land . Whoops ! . They want to take the state – owned land , any other publically – owned land , as well as privately – owned land [i.e. , the Bundy ‘ s ranch land] for the Solar Energy farm , not for the conservation of that bloody little tortoise …

.. what they also do not tell you is that the tortoise that they are referring to is being taken care of and conserved elsewhere in Clark County . Which to say there is plenty of land there to do it , since Clark County [yes , Las Vegas is the county seat] is almost 8,800 square miles . Believe it or not , yes it is that big …

.. many counties in western states are quite large . It is especially the case in Alaska [some are over 10,000 square miles] , Nevade , and Arizona . Where the population is also large [Maricopa County (Phoenix) in Arizona , and Clark County (Las Vegas) in Nevada] , it takes quite a bit in public services to serve an area that big …


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… What do People Want — Old School Hospitals ?!?! …

Posted by paulfromwloh on Thursday,February 20th,2014

.. at the rate things are going , that may be where we are headed .

.. those hospitals of yesteryear were something to behold . There were wards of patients , large rooms where there were 10 to 12 people to a ward . Infection control was at a premium , because of all of that close contact . Things were worse , believe you me .

.. I am not that old , but my parents and grandparents were that old . Hospitals were much different in those days . What we have now are so much better . Those old ones may start making a comeback because of financial cutbacks . When you keep cutting reimbursement rates to doctors and hospitals , year after year , things like this in Georgia will keep happening …

.. I live in Northeast Ohio . The market (health and otherwise) that I refer to extends to the counties surrounding the one (Cuyahoga) that I live in . The city of Cleveland [which many of you may well recognize] is our county seat . Our area has roughly about 30 hospitals . Most of the counties , save this one , have at most 2 , sometimes 3 hospitals . We used to have about 36 . Six hospitals (maybe more , I think) have closed in the last decade , many due to the cuts in reimbursement rates . We have 3 major hospital networks , the Cleveland Clinic network (run by the Clinic as the home base) , the University Hospitals network [UH is a part of Case Western Reserve University , located in Cleveland] . The third is the Metro Health Medical Center network . Metro is our county hospital , publically supported by tax funds and a subsidy . They are emerging as a network , and will continue to in order to financially survive .

.. In our area , most of our hospitals are east of the Cuyahoga River . The west side of the area makes do just fine with only about 10 to 12 hospitals . Only one west side hospital has closed in recent years . The mass of  the closures , as you might realize , are on the east side of the area , albeit in Cuyahoga County . When the east side has shrank in economic size and population , the number of hospitals is inevitablity going to shrink .

.. Things like this in Georgia are going to continue to happen , nationwide , due to these cuts ….

.. [h/t — DailyCaller]..

.. [link] to the post ..


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… A Job Well Done [Non Union Auto Workers] …

Posted by paulfromwloh on Tuesday,February 18th,2014

.. these folks work for Wolkwagen , down yonder in Tennessee .

.. this operation is non – union . Tennessee is a right – to – work state . There are now 25 right – to – work states , including now states in the Midwest (Michigan and Indiana) and the Northeast (New Hampshire) . That has to drive Big Labour crazy .

.. The U.A.W. really worked hard on this one . They really wanted the victory , to finally organize one of these non – union auto operations . In this situation , an added push was put in by IG Metall (Germany) , the union that Volks has to deal with back home . Metall is a labour federation , but it is also a labour union (in autos) . They wanted this one , too .

.. Metall did not like Volkswagen having a non – union operation anywhere , but , especially in the United States . So , I.G. Metall put pressure on Volks , and Volks (which was a big no – no under U.S. labour law) put pressure on and tried to bribe the workers . They wanted the workers to have what is known in Germany as a ” works council , ” so that the workers would have a say in how the business is run . In the U.S. in a non – union operation , that is a no – go . The only way to have a works council is for the operation to unionize . Which has not happened at any non – union operation in the South , or in a right – to – work state .

.. it was not a blowout by any means . It was about 725 votes to about 620 votes , but it was decisive . Especially so , considering the impermissable pressure coming from IG Metall and Volkswagen . Someone should remind them the next time about U.S. labour law , and what is allowed , and what is not . IG Metall ‘ s pressure is kosher . The company ‘ s [Volkswagen ‘ s] is not kosher .

.. [h/t–theRightScoop]..

.. [link]..


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… ObamaCrapCare [Employer Justification to IRS] …

Posted by paulfromwloh on Tuesday,February 11th,2014

.. I went back and dug up this CNS article . It is about a year old , but it is more relevant than ever ….

.. It is the proposed rule that I believe syndicated columnist Marc Thiessen was referring to when he made his appearance tonight on the “Kelly File” on FoxNewsChannel . The proposed rule (in that article) is the one that the IRS has made final , now . Yea , it is micromanaging of a Business ‘ hiring and firing and staffing decisions , making them subject to the audit of the Infernal Revenue Service …

.. [h/t — CNSnews]..
.. [link] to the article..

( – The Internal Revenue Service warned employers in a new regulatory proposal not to come up with clever schemes to avoid Obamacare’s employer health insurance mandate. The IRS said it would soon issue “anti-abuse rules” to discourage employers from taking advantage of any regulatory loopholes. “The Treasury Department and the IRS are aware of various structures being considered under which employers might use temporary staffing agencies (or other staffing agencies)… to evade application of section 4980H [the employer insurance mandate],” the IRS said in a proposed regulatory announcement issued December 28.

The IRS said it would issue a so-called “anti-abuse rule” in an attempt to prevent employers from using temp agencies to circumvent the mandate, essentially writing into law that even though an employer hires temporary workers and therefore is not technically under the mandate’s jurisdiction, the IRS would fine them anyway for not providing health insurance. “It is anticipated that the final regulations will contain an anti-abuse rule,” the agency said. “Under that anticipated rule, if an individual performs services as an employee of an employer, and also performs the same or similar services for that employer in the individual’s purported employment at a temporary staffing agency or other staffing agency of which the employer is a client, then all the hours of service are attributed to the employer for purposes of applying section 4980H.”

In other words, if an employer hires someone part-time, then uses an employment agency to bring the same person on for a second part-time shift, the IRS will still hold the employer liable under the ObamaCare mandate. Similarly, IRS said that if an employer hires the same person for two part-time stints by using two different employment agencies, it will hold either the employer or one of the employment agencies liable for the mandate’s penalties. The issue stems from the employer health insurance mandate in Obamacare, which requires employers with 50 or more full-time employees to provide government-approved, affordable health insurance to at least 95 percent of their employees (and dependents). If any of those employees receives government health insurance subsidies, the IRS will fine the employer up to $2,000 per employee, according to a formula outlined by the IRS.

The warning is part of proposed regulations from the IRS outlining how employers must determine whether they meet the 50 full-time-employee threshold and whether the insurance they offer meets government standards. The IRS said that a full-time employee is one who works an average of 30 hours per week or 130 hours per month, roughly 6 hours of paid service per weekday. The IRS also said that in order for an employer’s health insurance plan to pass muster with the government, it must be available to 95 percent of employees and cost no more than 9.5 percent of an employee’s wages. The agency specified that employers could still fall under the mandate if they employ enough part-time workers to equal 50 full-time workers. For example, if an employer has 40 full-time workers and 20 part-time workers, that employer would be considered by the government to have 50 full-time workers and would be subject to the mandate because the 20 part-time workers average to 10 full-time workers – meeting the 50 full-time-worker threshold.

.. LEC here again — I found a news article at AccountingToday , which sets things out pretty simply . The link to the piece is [here] …


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… This is Only One of Many [ObamaCrapCare choices] …

Posted by paulfromwloh on Sunday,February 9th,2014

.. the C.E.O. in this case is Tim Armstrong , C.E.O. of AOL .

.. he is only one of many ceos that will have to make choices about how to manage finances and balance budgets in the Age of Obama . They will have to deal with ObamaCrapCare ‘ s Essential Benefits packages and how they have to pay for them , and how to deal with the financial impact of it …

.. [h/t — theRightScoop] ..

.. [link] to the video clip …


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… Paging Doctor Kitzhaber … [Cover Oregon] …

Posted by paulfromwloh on Sunday,February 9th,2014

.. just what did he know ?? …

.. [h/t —]..

.. [link] to the news report …

»Play VideoGov. John Kitzhaber is interviewed by KATU’s Hillary Lake in early January.

Related Content
‘We look like fools:’ A history of Cover Oregon’s failure

PORTLAND, Ore. – In a brief interview with KATU in early January, Gov. John Kitzhaber made an incredible claim about the failed launch of Cover Oregon’s website.

“In late October was when I first learned about the problems,” Kitzhaber said.

The claim was incredible because the website had already missed its Oct. 1 launch date. Kitzhaber was, in effect, saying he didn’t know there were problems until weeks after one of the most important projects under his watch had already failed.

It was incredible because mountains of reports from the state’s quality-assurance contractor had been raising glaring red flags for almost two years.

It was incredible because the state had implemented a stringent set of checks and balances for the specific purpose of making sure the project didn’t spiral without people in power knowing.

And it was incredible because the KATU Investigators have unearthed emails and conducted interviews laying out repeated attempts by lawmakers and others involved with the project to get Kitzhaber’s help in righting what was clearly a sinking ship.

KATU’s review of thousands of pages of emails and reports, as well as interviews with many of the key people involved, suggest that either Kitzhaber knew more than he has acknowledged, or that he and his staff somehow remained oblivious to the unfolding disaster despite numerous attempts to bring it to their attention.

“The governor’s office was not doing anything,” said state Rep. Dennis Richardson, R-Central Point. “He’s got advisors in his office who are over health policy. None of them were doing any oversight that we can see.”

‘They promised … the governor’s office would be very involved’

Let’s start with a quick history lesson.

Cover Oregon began life as perhaps the most ambitious state health exchange in the nation. Its website would include not just access to health-insurance plans, but to all state entitlements: things like food stamps, WIC and Medicaid would all be available through one portal.

The strategy was called “No Wrong Door.”

The federal government liked the idea so much it, offered the state a $48 million “early innovator” grant to fund the project. That amount later ballooned to $59 million.

Not everybody was sold though. With an already tight deadline for building a complicated website, some thought the proposal crossed the line from ambitious to foolhardy.

Richardson, who has announced he will run against Kitzhaber in the fall, was one of those early skeptics. As co-chair of the powerful House Ways & Means Committee in February 2011, he at first blocked the federal grant. He relented only when an agreement was reached to ensure regular independent quality-assurance reports from a company called Maximus and strict oversight of the project.

Richardson sat down for an exclusive interview with KATU in which he revealed new information about Kitzhaber’s oversight of Cover Oregon.

“They were just diving in,” Richardson told KATU. “It was like trying to paint a car that’s already moving instead of making sure that everything’s done before you start moving ahead.”

>>Click here to watch Hillary Lake’s full interview with Richardson

From the outset, project oversight was designed to be headed by the governor’s office.

The KATU Investigators obtained an organizational chart illustrating the oversight structure. At the top is the governor’s office, to which several different groups report.

There’s the Department of Administrative Services, a government watchdog group that makes sure rules are followed and budgets met.

There’s the Cover Oregon board of directors, the members of which Kitzhaber appointed.

And there’s a joint oversight committee made up of Cover Oregon managers and the Oregon Health Authority – which was led by Bruce Goldberg, the man who has since became director of Cover Oregon.

… LEC here again … Huge , huge oops !! This one is going to continue to snowball … More to come …


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… Insurance is One Thing [ObamaCrapCare] …

Posted by paulfromwloh on Saturday,February 8th,2014

.. and access is something else .

.. the insurance exchanges are non – profit state agencies . In this case , Covered California is a state – level one . Three quarters of the states are on the federal dole . Those dummies could not give a fig about any kind of control over their costs . With the  states , it is an entirely different matter ..

.. Covered California is a state – exchange . This entity was created by the state legislature , and signed into law by Governor Jerry Brown . In their case , they have to act like a business . The big problem is : How to Control Costs . Doing it in practice is not quite so simple .

.. Putting the hammer on primary care is one thing . The practice of primary care medicine is evolving , and fairly rapidly . Medical practices are consolidating , and are , to be honest , becoming far more corporate . Specialists are doing likewise .

.. The problem is , still — How to Control Costs ???

.. These dummies are not using the market to do it . The market would do it , and do it nicely , by incentivising consumers to the costs and benefits of their medical choices and the maintenance and changes in their health status . The ObamaCraps are contributing to it by hamstringing Health Savings Accounts [H.S.A.s]] . They are not eliminated , but they are heavily regulated , and are effectively blocked from helping with the consumer  ‘ s choices  .

.. Another blunder is the design of the system . HSAs would be ideal for this . Especially when you can build up savings over time , or deposit more of your own money , in addition to your employer ‘ s coin . When you do that , you would have much more saved , and can be much more picky about what and who to buy from , as well as why .

.. As a result , the state exchange [Covered California] is resorting to restricting access . What this is , means rationing . The primary care physicans act in a way similar as they would in an H.M.O. , as a gatekeeper . A patient would need a referral to see a specialist . Unfortunately , even the number of primary care docs is limited .

.. Insurance is one thing — Access is Another …

.. [h/t —] ..

.. [link] to the piece ..


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… I See People ‘ s Point [Coca Cola Super Bowl ad controversy] …

Posted by paulfromwloh on Saturday,February 8th,2014

.. this is about Coca Cola ‘ s Super Bowl Ad .

.. for those who wonder , yes I watched the game . All of it . Caught virtually all of the commercials . Even the bad ones . This one was not a bad one . Repeat , this Coca Cola Super Bowl ad (entitled “Its Beautiful) was a fairly good one . It could have been better ..

.. yea , I predicted that Denver would win . I am eating crow , and am paying off a gentleman ‘ s wager ..

.. Remember , Coca Cola is a worldwide brand , as is the National Football League . So , sometimes they are going to do things that are a tad controversial to an American audience …

.. [-] first , it needed subtitles , for both the language being used , and for the line of the song . Not everyone is going to realize that it is America the Beautiful until they start to hear the words .Sometimes , it comes from seeing them …

.. [-] guys , we are a multicultural society , one that is majority white . Quit the whining , and grow up .

.. [h/t — YouTube]..

.. [link] to the commercial . For those who have not seen it ,  and may not have a copy of it , please do a Google search for the words of ” America the Beautiful . ” …



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… Great and Simple Ad , Scarlett !! …

Posted by paulfromwloh on Saturday,February 1st,2014

.. I caught this ad , even though I am not exactly a Scarlett Johannson fan . Well , I am still not , but I am open to the possibility , now . She is unquestionably beautiful , no doubt about it . Also , a great ad . Simple , Dignified . Classy . Emerging Company . Known Company .

.. [h/t — BleacherReport]

.. [link] to the commercial .

.. I caught up with this because Sodastream is a good product , but more so is because it is an Israeli company , with operations in part in the West Bank [Judea & Sumeria] . Johannson has , until recently , had charitable food group Oxfam as one of her good works . She broke ties with Oxfam because of calls of her to split with Sodastream , and over their ops in the West Bank .

.. from what I know , Johannson is not Jewish , but has family that is . So , she is no dimb bulb . She evidently did her homework before she took up the ad campaign for Sodastream . She pretty well understood what she was getting into . Not the boycott calls , though .

.. this one is the ” uncensored ” version . The ad will run on FOX on the Super Bowl broadcast , but the last part of the ad , about Coke and Pepsi , will be edited out ..

= = = =     = = = =

.. yea , I am a football fan . If you are wondering , I am a longtime and lifelong fan of the Cleveland Browns . So , you can say that I am a glutton for punishment [Ha!Ha!Ha!] …

.. yea , I am going to watch the Super Bowl . I am pulling for Denver to win . The big difference will be Seattle ‘ s offence against Denver ‘ s defence . Peyton Manning will find a way to move the ball . Moreno & Ball will help , some , maybe enough . The difference maker will be MarShawn Lynch & Co against Denver ‘ s run defence …

.. If Seattle runs the ball well , then Denver is in trouble . I do not think that Seattle will , unless they bring back the read option and use it a lot .

.. Denver 28 , Seattle 24 ..


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… Great Budweiser Ad [#Super Bowl] …

Posted by paulfromwloh on Saturday,February 1st,2014

.. easy and simple to look at , what is not to like …

.. [h/t — youtube] ..

.. [link] to the commercial …. If you are registered with GMail or Youtube , you can register whether you like the commercial (or not) …


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… We knew that ObamaCrapCare was a Fraud …

Posted by paulfromwloh on Monday,January 27th,2014

.. but just not this bad .

.. so far , from the enrollees , the great mass that are enrolling in ObamaCrapCare are coming from the private market . Only 12% of them are actually uninsured . Which is a significant problem .

.. The idea of ObamaCrapCare is to cover the uninsured . What it has been doing , however , has been to totally screw up the regular insurance markets . It has also called into question how many people are actually uninsured , and how those numbers are being measured . Where that hits is that if these folks are not enrolling , is why ? The law ‘ s official name is the Affordable Care Act . if the insurance is in fact unaffordable …

.. [h/t — HotAir]

.. [link] to the post [and the interview]

Aetna CEO: We might have to pull out of ObamaCare because it’s not attracting uninsured

One of the nation’s biggest health insurers is worried enough about a scenario in which it would have to pull out of Obamacare exchanges that its CEO is willing to talk about the possibility on national TV from Davos. It may be partly a signal to the administration to get this train moving, but it’s no doubt also a reckoning with reality. Obamacare is not attracting the uninsured, and if the administration would stop changing the rules long enough for insurers to get a handle on who is in the exchange population, they’d no doubt find that population is far more sick and expensive than it was supposed to be.

Aetna CEO Mark Bertolini told CNBC on Wednesday that Obamacare has failed to attract the uninsured, and he offered a scenario in which the insurance company could be forced to pull out of program.

The company will be submitting Obamacare rates for 2015 on May 15.

“Are they going to be double-digit [increases] or are we going to get beat up because they’re double-digit or are we just going to have to pull out of the program?” Bertolini asked in a “Squawk Box” interview from the World Economic Forum in Davos, Switzerland. “Those questions can’t be answered until we see the population we have today. And we really don’t have a good view on that.”

He said that so far, Obamacare has just shifted people who were insured in the individual market to the public exchanges where they could get a better deal on a subsidy for coverage. “We see only 11 percent of the population is actually people that were firmly uninsured that are now insured. So [it] didn’t really eat into the uninsured population.”

For Obamacare to work better, it needs more flexibility and choice of insurance programs, Bertolini said. “We need to make it a lot more simpler for people. There needs to be more choice. When you get more choice, you make it more of a market and you get more people in the program.”

Bertolini’s comments illustrate the bind the insurance industry is in—and, yes, they jumped in with Obama on this deal expecting a bunch of people to be forced to buy their product. Obamacare has failed in such a way as to force them to raise rates dramatically. If they raise rates dramatically, the very administration that needs them to stick with the program will be calling them bad apple patent medicine salesmen because vilifying them will be the only hope for politically extricating itself from its policy failure, at least temporarily. And, in the meantime, the industry can’t even get a handle on who is in the exchanges because the administration keeps changing the rules every five minutes. A couple of industry folks told me last week, even if the news about the make-up of the exchanges is bad, it’d be better to figure it out, get some experience with the population, and gauge what can be done for cost containment. Obama’s short-sighted game of switcheroo doesn’t allow much actuarial science to take place.


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… The Continuing Controvery over ObamaCrapCare ..

Posted by paulfromwloh on Sunday,January 26th,2014

.. and the chaos therein .

.. the implementation of ObamaCrapCare has been a colossal failure . Even with the repairs of the website , it is not complete . The middle section [the 834 reports on enrollment] is still throwing off periodic errors , giving the insurers little confidence in enrollment numbers and reports from the government . They have had to take action themselves to reconcile things in order to get an accurate idea of who is enrolled , and who is not .

.. What is worse is the back end . It is still being built . Crist , you would figure that it would have been designed and put together before launch . Not so . Since CGI has been canned by the ObamaCraps , and Accenture has been brought in , hopefully there will be prompt and swift progress in the work . CGI was waaaay over its head . Accenture is a class outfit , top – of – the – mark in the consulting business . They should have been brought in in the first place , damn dummies !

.. it does , however , take time to do the work . Since it will take months to fix the whole operation , and finish the back end , Moody ‘ s has put the entire health care sector under negative outlook financially . to be honest , they deserve it …

.. [h/t — NationalReview]

.. [link] to the video link


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… H.H.S. is in HappyLand [ObamaCrapCare #s] …

Posted by paulfromwloh on Wednesday,January 15th,2014

.. HHS is in dreamland on their enrollment #s .

.. the net number of enrollees is about [-2.15mil – 6.50 mil ] == — 4.35 million

.. it means that there are , so far , almost 4.40 million FEWER people who have health insurance . Which means that the exchanges have a very long way to go …

.. [h/t — NationalReview]

.. [link] to the video clip ..

.. those idiots have a long way to go to make the exchanges financially viable , and to even have a chance to make the insurers whole for their participation …


Posted in economic opinion, failure, financial opinion, personal opinion | Leave a Comment »

… I wonder [ObamaCrapCare] …

Posted by paulfromwloh on Tuesday,January 14th,2014

.. I have read an article on ObamaCrapCare in the Washington Examiner and a post from theGatewayPundit .

.. [h/t —]

.. [link] to the post ..

.. [h/t —]

.. [link] to the article …

.. What I wonder is what will happen to all of WalMart ‘ s health insurance plans , towards the end of the year ?

.. Any health insurance plan that is offered for sale has to include the ” essential benefits ” package . I wonder if WalMart ‘ s various plans each do so , or do not do so . It would help to know . I do not , as of yet .

.. It would be interesting to find out , and I intend to do so . I expect that many in the media will , as well . If they do , then it will be interesting to know how the economics work . Especially considering the economics of the ObamaCrapCare plans …


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