It’s All About Obama?…

barack obamaWow!  According to pretty much the entire media industry, Obama was given a stern rebuke by we voters, akin to getting his hand slapped by his body-politic mothers for dipping one too many times into the cookie jar.

Wow, are they wrong.

As much as both the “liberal” media and the conservative Republicans want us to believe voting outcomes were about Obama – anti “Obamacare”; anti Obama compromises; anti Obama big government – this mid-term election overhaul was in fact about nothing more than people being unhappy and believing the only power they had to do something about it was to vote out members of the ruling majority.

And the truly unfortunate reality of doing so, is voters kind of did the nose-cutting-off-face thing, having not done their homework on what they got from the major legislation enacted while those folks were in office.  And what they could now lose after “voting out the bums…”  Here’s just a few:

  • The healthcare legislation as it stands will reduce the deficit by an estimated $138 billion over 10 years (according to the non-partisan Congressional Budget Office), and new healthcare plans will be required to cover preventive services with little or no cost to patients
  • The financial regulatory reform law restricts the ability of banks whose deposits are federally insured, from trading for their own benefit, so never again will we see banks trading on their own financial securities like mortgage-backed assets, the big-bank pocket-stuffing practice that precipitated the credit crisis, thus the Great Recession in 2008
  • The EPA’s power to reduce greenhouse gasses shown conclusively to be harmful to our health (such as high levels of mercury & lead spewed from coal-burning plants) as reinforced by the US Supreme Court

Finally, if that doesn’t convince you, here’s an excerpt from a recently published article about possible changes to the healthcare legislation that will be attempted by many of our newly elected, on favstocks.com:

“Congress might attempt to dismantle the bill piece by piece.  One provision that many people want to remove is the individual mandate, which will require most Americans to obtain health insurance or pay a tax penalty.  This provision also kicks in in 2014, and it’s one that Baby Boomers in particular will want to fight to keep.

Here’s why: Beginning in 2014, private insurance companies will no longer be able to refuse to insure someone because of a pre-existing condition.  But without an individual mandate, there will be no incentive for younger and healthier people to purchase health insurance until the time comes when they need it.  This means those left in the insurance “risk pool” will be older, and that drives up the cost of insurance.

By the time we reach 50, nearly all of us have “pre-existing conditions.”  Some of our conditions are common, and some are not – mesothelioma, for example, is rarely diagnosed in patients younger than 50.  And without Medicare or other good insurance, mesothelioma treatment would be financially devastating.

But without the individual mandate requiring that healthier people share in the cost of insuring all of us, the health insurance premium bills for people aged 50 to 65 will be ruinous.”

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One thought on “It’s All About Obama?…

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