Whatever the hype and blue smoke of the day emanating from the administration, if you do some homework there's plenty of information indicating that folks are now rapidly waking up to real, and very disturbing, facts.
Furthermore, actual world practicalities are slowly but surely proving that continual speechmaking doesn’t affect the economy, only fiscal reality does. All of which adds up to several very bad days for the incumbent.
According to J. D. Heyes of Alex Jones’ Infowars.com, “One of the “Affordable” Care Act’s most recent casualties is Anthem Blue Cross, which has announced it will shun California’s small-business health insurance market, which the Los Angeles Times describes as “a potential setback in the state’s rollout of the federal healthcare law.”
Mr. Heyes adds that: “Actually, it’s more like a “potential setback” for small businesses needing competitive insurance rates to remain afloat.
Anthem is California’s largest insurer for small employers, thus its pullout raised concerns about the state’s ability to offer competitive rates and attract businesses to its new Covered California exchange that opens Jan. 1. Although the giant became the first insurance company to opt out of California’s small-business insurance market, other major insurer’s, UnitedHealth Group, Inc., and Aetna, Inc., previously announced they would not offer individuals coverage in California.
In the same vein, I then found that the second-largest health insurance company in South Carolina, Medical Mutual of Ohio, is pulling out at the end of the year because of the Affordable Care Act. It’s the parent company of the Carolina Care plan, which insures about 28,000 people in the state.
Its also leaving Georgia and Indiana because, according to spokesman Ed Byers: “Under new regulations, which are vast and quite complex, it is in our best interest to focus on our core market of Ohio where we are headquartered and have been doing business successfully for nearly 80 years.”
But here’s the really, really important part; “South Carolina Insurance Director Ray Farmer says the loss of the state’s second-largest health insurer could raise rates for everyone. “If you have less competition, not only in insurance but in any marketplace, it could result in higher rates. I don’t think there’s going to be a big groundswell of other companies leaving the marketplace, though.”
As a side-note, I also read that many hard core leftists are very pleased that hated capitalists, such as insurers, are leaving the scene. That way, the government will take over the entire health care system which, many of them feel is the best for all whereas free enterprise is to be avoided at all costs.
Then, in another subtler instance, the financially troubled New York Times announced it sold the 141 year-old Boston Globe to Boston Red Sox owner John Henry for a “mere $70 million.” Having paid a then-record $1.1 billion in 1993, that's a straight 93% loss. It also was forced to retain the Globe's pension liabilities, estimated at over $100 million.
In 2002, the Globe circulation rate was 413,000. Today it’s 230,351 or nearly half. With plummeting circulation due to online competition, both the Times and Globe have been plagued by collapsing ad revenues, that have only worsened in recent years. Friday the Times reported its 11th straight quarter of falling ad revenue.
However, the most important factor of all to me is that both the Globe and Times continually strongly endorse and champion the incumbent and his economic policies, “even though those policies have failed to create the kind of economic growth necessary to create a boom in advertising spending. [And] the future doesn't look much brighter.”
So, what that says to me is that folks are tired of reading biased and distorted pap while everyday circumstances present an entirely different and far less acceptable reality. Especially since the growing majority of governmental laws, policies and intervention simply don’t work on the public’s behalf.
An example of how damaging overbearing lawmaking is, last quarter the American economy only grew by 1.7%. And worse, although only 162,000 new jobs were created, most of them part-time because businesses are preparing for the suspected increasing costs of taxes on income and healthcare.
Along the same lines of governmental interference where it doesn’t belong, and the current administration’s practice of continuing to pursue theories that are totally wrong, Climate Depot via Drudge reports that the “North Pole Sees Unprecedented July Cold – Arctic Sees Shortest Summer On Record — ‘Normally the high Arctic has about 90 days above freezing. This year there was less than half that’
Here’s a link to the article: Unprecedented July Cold -- Arctic Sees Shortest Summer On Record
And in conclusion, according to Fox News.com: “The United States will temporarily shut down its embassies and consulates around the world Sunday -- including those in Iraq, Afghanistan and Egypt -- as a precautionary measure over terror-related concerns, State Department officials said.”
So here we have the administration closing foreign embassies, especially those in the Middle-East, due to fears of terrorism, which is something the incumbent stated no longer exists.
But then again, if the House continues its probe of Benghazi and the proof of terrorism ultimately occurs as it should, when you add that to all the other fabrication’s, deceptions and distortions of truths, the administration will continue to slowly unravel, exposed as the monumental fraud that it is.
That’s it for today folks.
Adios
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