President Obama and his Democratic allies are seizing on the exodus of private insurers from ObamaCare markets to renew their push for a so-called “public option[.]”
Never mind that the revival of this push is a direct result of the broad, expensive failure that is those same Know Betters’ Obamacare. No, when government fails as miserably as it has done with Obamacare, the only right answer is the Progressive answer: more government. A bigger hammer.
We can’t have competition and private enterprise do this. We gotta have Know Betters in Government do this; us mere citizens can’t be trusted with such weighty matters.
It isn’t enough that unions demand the “right” to raid honest citizens’ pocketbooks for union dues—demanding that non-union members pay up as a condition of being allowed to work. Unions also are demanding the “right” to raid honest citizens’ pocketbooks for tax money with which to plus up union “pensions.”
See, for instance, the United Mine Workers of America and their pet Democratic Party Senator, Joe Manchin (whom we had thought was more honest than this).
The Miners Protection Act of 2015—sponsored by Senator Joe Manchin (D, WV) and co-sponsored by eight Republicans—would bail out the underfunded pension plan of the United Mine Workers of America (UMWA).
I wrote about this a bit ago. Unfortunately, the Democrats in Congress still are at it. The Senate once again failed to pass a bill funding a response to the Zika virus in Florida and elsewhere in the US, because Senate Democrats blocked it—the bill blocks funding for Planned Parenthood.
Shamefully, Senate Democrats still are holding the lives of Americans hostage against their getting their way on an entirely separate issue.
Congress should stick the currently proposed Zika funding into the upcoming budget bill, and then pass that budget through reconciliation. Force President Barack Obama (D) to sign it or to veto Zika treatment funding—and to veto funding the Federal government.
This is an example of the failure that is the inevitable outcome of “competition” from Government, a competition that just as inevitably dooms the private enterprise.
Amazon.com Inc and Wells Fargo & Co had teamed up to offer student loans at discounted interest rates to members of Amazon.com’s “Prime Student” facility. But the Federal government and others favoring Big Government objected to this free market entry into Government’s lucrative business.
TICAS [The Institute for College Access & Success] called the partnership “a cynical attempt to dupe current students who are eligible for federal student loans with a record low 3.76% fixed interest rate into taking out costly private loans with interest rates currently as high as 13.74%.”
Apple Inc’s aggressive response to a €13 billion ($14.5 billion) tax ruling by the European Commission shows the U.S. technology company doesn’t understand the moral obligation on big companies to pay taxes, according to the leader of the eurozone’s finance ministers.
Because it’s terrible that a company which has played by all the rules should see its money confiscated—or the attempt made—anyway.
Jeroen Dijsselbloem [President of the Eurogroup, the collection of Eurozone finance ministers] said Apple had “failed to grasp” the public outcry over tax avoidance by large companies.
Richard Barley had a piece in Monday’s The Wall Street Journal concerning the confidence gap that’s growing between Central Banks’ unconventional policies and the realities of the market place and the economy that underlies both. He closed his piece with this:
But there are more valid worries. One is that while central bank efforts are proving enough to keep the economic show on the road, they aren’t doing more than that; the persistent downgrading of growth expectations and the constant refrain from policy makers themselves for politicians to take measures to boost growth sustainably are testament to that.
A report from cloud access security firm Bitglass analyzing all breaches of financial services firms since 2006 found lost and stolen devices [behind a registration wall] accounted for 25.3% of breach events
These missing devices only emphasize the incredible “excessive carelessness” of Democratic Party Presidential candidate Hillary Clinton’s utter negligence in her handling of her own devices. The damage to which we’re exposed and the damage done by…careless…handling isn’t limited to national secrets or even to politics.
The US economy added 151,000 net new jobs in August, below consensus expectations for 180,000. Meanwhile, the labor force participation rate remained stable at 62.8%, as did the jobless rate at 4.9%, though it was expected to tick slightly lower to 4.8% for the month. The closely-watched U6 rate, or “underemployment” rate, which measures unemployed workers and those working part time for economic reasons, remained stuck at 9.7%.
EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
The problem, in the EU’s eyes, is that Apple headquartered its European operations in Ireland, which has one of the lowest corporate tax rates in the EU (and which EU Know Betters keep hammering on the Irish to “correct” because its tax rates are, somehow, unfairly low), and then Apple funneled most of its European revenue through that Irish branch so as to pay—legally in their and Irish eyes—low taxes.
Democratic Party Presidential candidate Hillary Clinton and her husband aren’t the only Democrats engaged in this. Here’s a variant being employed by Democrat Attorneys General, as described in The Wall Street Journal, by Andy Koenig, a senior policy adviser at Freedom Partners Chamber of Commerce.
The administration’s multiyear campaign against the banking industry has quietly steered money to organizations and politicians who are working to ensure liberal policy and political victories at every level of government. The conduit for this funding is the Residential Mortgage-Backed Securities Working Group, a coalition of federal and state regulators and prosecutors created in 2012 to “identify, investigate, and prosecute instances of wrongdoing” in the residential mortgage-backed securities market. In conjunction with the Justice Department, the RMBS Working Group has reached multibillion-dollar settlements with essentially every major bank in America.