Tag Archives: North Carolina Politics

The Rookie

Gettin’ closer to being benched!

The Nation Wakes Up

A New Low

Unbelievable.  Then again, maybe it IS believable.

The Rev. Jesse Jackson on Wednesday night injected race into the national debate on health care, saying any black lawmaker who votes against President Obama’s sweeping overhaul isn’t really black, the Hill newspaper reported.

“We even have blacks voting against the health care bill,” Jackson reportedly said at a Congressional Black Caucus reception Wednesday night honoring the 25th anniversary of the civil rights leader’s run for president.

“You can’t vote against health care and call yourself a black man,” the Hill reported him saying.

What an ass.

And on a second note:

The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.

Sadly, This is What it Takes

Perhaps not so sad after all.  One of Tzun Tzu’s admonitions is that we should never want the current circumstances to be anything other than they are.  What is; IS.  So, we should waste no gnashing of teeth on the fact that the government can’t distribute well, but that the private sector can:

Raleigh, N.C. — Walmart stores in central North Carolina will offer the H1N1 vaccine in conjunction with Mollen Immunization between the hours of 11 a.m. and 3 p.m. Wednesday through Friday.

A total of 20 stores will be selling H1N1 shots.  What are the chances that Walmart runs out?  Or makes you stand in the cold rain to get your shot?

Pay to Play

When the government is in control, normal incentives go out the window.  The signal to get better is gone.  The signal to get cheaper is gone.  The signal to innovate is gone.  What’s left is a stagnant paradigm and an unending battle to improve on the obsolete.  But every once in a while, something like this comes along:

A $20 donation to Rosewood Middle School would have gotten a student 20 test points – 10 extra points on two tests of the student’s choosing. That could raise a B to an A, or a failing grade to a D.

If we can’t teach ’em to learn, teach ’em to buy!

Conservative

I love it.  I really love that “ah-haa” moment when the light bulb clicks and someone sees what’s really happening.  When the fog dissipates and the realization of the truth occurs.  I simply LOVE that moment.

Taxes and the economy are concepts that don’t register with younger folks; never did with me.  I didn’t make enough to really PAY taxes and I had jobs that really didn’t put me in full view of the economy.  In short, I just didn’t care.

So it is refreshing to see the “care” start to sink in for some of these folks:

“Well, for one, I know nobody wants to pay taxes for anybody else to go to the doctor — I don’t,” said Kate Kuhn, 20, of Acworth, Ga. “I don’t want to pay for somebody to use my money that I could be using for myself.”

How awesome is that?  Especially enlightening is the part where young Kate mentions that she might be better served “using the for herself.”

And maybe it’s not so much that I didn’t care when I was younger, it’s that no one took time, including me, to tell me what the trade offs were.

For example, according to Pew in October, nearly 82% say they favored a ban on policies took into account pre-existing conditions.  When a separate poll explained that such a ban would result in higher premiums support for that ban went down to 43%.

Another example, mandatory coverage:  67% of those asked were in favor of all people having health insurance.  But when asked with the added detail that those who failed to obtain such coverage would face Federal penalties, support plunged to 28%.

“I think it’s crazy. I think it infringes on our rights as a citizen, forcing us to do these things,” said Eli Fuchs, 26, of Marietta, Ga.

Music.  Sweet Music!

Additional Cost of Health Care

The big knock against private insurance is that profit is immoral.  “How  can you make money off other people being sick?”  That’s all we hear from the Leftists when it comes to this plan.

The thing is, these people have no clue, ZERO, about the role that profits play.  Profits, see, are the thing that incent “better behavior.”  If you have a lemonade stand and are making stupid money, I am going to start my own lemonade stand.  And how am I going to make money or steal your customers?  I’m going to have to challenge you on price or quality.  Maybe both.

THAT’S the power of profits.  When it comes to making sure the public is getting as good a deal as possible, you have to make sure that the incentives are aligned as such.  If you want to have the lemonade drinking public better served, you can use lots and lots of tools and regulations and edicts.  Or.  Or you can allow for free market and the profit signal.

Oh, the other benefit of those who like to make profits?  They don’t like to see their money just flushed down the toilet.

WASHINGTON — The government paid more than $47 billion in questionable Medicare claims including medical treatment showing little relation to a patient’s condition, wasting taxpayer dollars at a rate nearly three times the previous year.

Excerpts of a new federal report, obtained by The Associated Press, show a dramatic increase in improper payments in the $440 billion Medicare program that has been cited by government auditors as a high risk for fraud and waste for 20 years.

For you Leftists out there; that better than 10% just in WASTE.  Insurance companies bring in about 2-3% in PROFIT.  That’s 3-5 times the difference.  Talk about waste.

Welcome Wagon

The Pink Elephant has moved. And she has a name; Tabitha Hale

Good luck in Washington; do us proud!

Freddie and Fannie: Just the Beginning

I am convinced that Fannie and Freddie were the causes that led to the current recession.  I am sure that when incentives were created to give people money who had no or little ability to pay that money back, bad bad things were going to happen.

But somehow all of that got lost in all of the fall out.  What we heard was how evil those greedy corporations are.  What we heard was how Wall Street doesn’t look after Main Street.  What we heard was that it was Big Corporations that are somehow “Too Big To Fail” that brought this country to its knees.

What we didn’t hear was the story behind Fannie and Freddie:

NEW YORK (Reuters) – Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a “prolonged deterioration” in housing.

And why is the company losing so much money?

delinquencies worsened on loans it guarantees.

Well, heck, what can ya expect?  The little brother of Fannie Mae is surly the runt of the litter and can only look on as big sister excels, right?  Right?

Its larger rival Fannie Mae on Thursday said it would need $15 billion from the U.S. Treasury after a whopping $18.9 billion third-quarter loss.

Whoops!  Didn’t see THAT one coming.

But hey, Fannie and Freddie–ya know, they are players but really, they aren’t THAT big; are they?  Or are they?

Results at Freddie Mac and Fannie Mae are widely watched as a barometer of the U.S. housing market since they own or back nearly half of outstanding mortgages.

Jeepers.  By golly, they ARE that of a player in the market!  And maybe, just maybe, when those two players begin to change the way in which they do business, the rest of the market attempts to adapt?

In other words,  I guess what I’m saying is that when Fannie and Freddie, backed by good Ol’ Unc [that’s the USofA to you and me], begin too incent market forces to provide mortgages to people who can’t afford mortgages, you end up with a bunch of:

horse.shit

But hey, what’s $51.7 billion between friends?  Or even $60.9 billion?  At least your good for it, right?

Starting in 2010, the company will begin accounting for $1.8 trillion in mortgage-backed securities it guarantees on its balance sheet to meet new guidelines. This will increase interest income and interest expenses, and could have a significant negative impact on net worth, it said.

Hmm, something smells in the State of Denmark.

Shares of Freddie Mac were flat at $1.23 in light after-hours trading following the results.

And if you’ll buy shares at a buck 23, I have some fertilizer for your garden…

Hot Stove League

The Twins traded Carlos Gomez to the Brewers for J.J. Hardy on Friday.  The thinking in the Twins front office is that they were able to move out weak hitting center fielder and bring in a short stop that can hit for power and has a decent average.  Further, Hardy is a fantastic fielder bringing an elite defender to the Twins infield.

This is a good deal.

twins

The Democrats would have us believe the same is true of the trade they made this past Saturday.  What they have passed in the house is a trade of sorts.  The thinking in the minds of the Democrats is that we are able to get rid of a system that costs too much and leaves too many people uninsured.  By passing laws that prohibit insurance companies from denying coverage based on pre-existing conditions they are able to bring in a system that allows for insurance to everyone.  Further, to help bring down costs to those most in need, the plan calls for all Americans to enroll in an approved policy or face a fine.

This is a good deal.

Back to baseball.  I began to look a little deeper into the trade and began to see a couple of things.  By moving Gomez out and brining in Hardy, not only did we trade away a .229 average for a player that hit .283 in 2008.  Further, Brady hit 24 HR to 3 for Gomez.  On top of that, with Gomez out of the lineup the Twins now have room for Delmon Young who has a career average of .290.  Not only are we trading for a player with 57 some odd points to the plus, we are also able to play Young for a full season.

This is turning into a REALLY good deal.

On top of the fact that insurance companies are no longer able to restrict insurance for people with pre-existing conditions the House bill doesn’t raise taxes for a majority of Americans.  Rather, people making $500,000 or more would see a 5.4% increase on their tax bill.  Further, those “Gold Plated” policies would see a tax hike; up to 40%.  But for the average middle class American, the tax bill remains the same.  On top of that, the bill includes language that allows families making up to 400% of the poverty level to receive federal assistance; albeit on a sliding scale.  Last, if you currently receive insurance from your employer, you can continue to do so.  Or, if you don’t, there will be a National Exchange.

This is turning into a REALLY good deal.

As I wrap up my trade analysis, I end up with the unintended consequences.  By trading away Carlos Gomez, the Twins center fielder, the team must now play Denard Span in CF.  And THAT means with Span in center, Delmon Young has to play in left field.  Now, when the Twins had Gomez in CF and Young in LF, they were able to brag the best OF in baseball.  But, with the unintended consequence of Span in center and Young in left, the Twins will now be  start the worst OF in baseball; to the tune of 88 runs to the bad.  That doesn’t even come close to the benefit they gain by adding Hardy to the team.

The unintended consequence of a horrible defense has made this trade:  BAD.

Sadly, the story is much the same for the Democrats and the House bill.  By allowing people to purchase insurance without regard for pre-existing conditions, people are not compelled to purchase insurance while they are healthy; they can be assured that they can buy it when they become sick.  But-but-but, they HAVE to buy a policy or they will pay a fine!  Well, the fine is very very much less than whatever policy I would otherwise buy:

The average cost of an insurance policy with family coverage in 2009 is $13,375. A married couple with a median family income of $75,000 who choose not to insure would be subject to a fine of 2.5 percent of that $75,000, or $1,875. So the family would save a net $11,500 by not insuring.

Hmm, the unintended consequences of horrible incentives has made this trade:  BAD.

results

What Have We Become

Stumbled across a letter to Joe Lieberman tonight over at American Hatriotism today.  It’s awesome.  Basically you have someone over there talking about how awful, simply AWFUL, Mr. Lieberman is for coming out against the health care bill.  After a WHOLE bunch of discussion on the fact, we get to the point where a letter is penned and delivered to the Senator’s office.  I’ve captured all I could stand the beginning and then added my response to it.  If ya want, stop on over the Hatriotism and see if the comment got any action:

Dear Mr. Lieberman,

Do you sleep well while …..

so many Americans struggle to bear the pain and anguish they are experiencing today?

Far be it that people ought to struggle.

somewhere in America a hard working student finds out there is no means, no money, no way to college?

Is that hard-working student willing to work hard at a job?

a mother and father are struggling to provide the bare necessities for their disabled child?

Good bless then for being able to supply the necessities for their child; disabled or not.

an elderly man who fought for his country eats a can of beans for dinner and must dress in several layers of clothing because he can not afford a decent meal or to heat his meager home?

We thank him for his service; service to ensure that we are all free.  Free to be responsible.  Or not to be responsible.

a Mother over-medicates her baby with tylenol for his earache because she can not take him to the urgent care or doctor for treatment?

She should take the bay to urgent care or the doctor for treatment.

a family will huddle in the cold behind a dumpster to block the wind because they have nowhere else to go?

Before they go to the government, they should go to church.

a husband and wife lie in bed discussing how to break it to their children that they will soon lose their home and have to move?

The tender mercies of learning not to borrow money you can’t afford to pay back.

a couple that saved thousands for a home they will now lose when the bank takes it away?

This should be sent to Senator Frank actually.

a father tells his family he has lost his job and they can no longer count on him to take care of them?

A real father would say that he has lost his job and will do whatever it takes to take care of them.  Even if it means working 3 others.

a mother tells her children there isn’t anything left in the house to eat?

How many different ways can you say the same thing?

another father wonders how many more days, weeks, months before he will work again and worries how they’ll make it until then?

Jeez.

The whole rest of your letter is the same point on and on and on.

And the real tragedy?  Passing a law isn’t going to change any of that.