Tuesday, December 29, 2009

Liberals Wake Up: ObamaCare Stinks......

There is a middle-class tax time bomb ticking in the Senate’s version of President Obama’s effort to reform health care. The bill that passed the Senate with such fanfare on Christmas Eve would impose a confiscatory 40 percent excise tax on so-called Cadillac health plans, which are popularly viewed as over-the-top plans held only by the very wealthy. In fact, it’s a tax that in a few years will hammer millions of middle-class policyholders, forcing them to scale back their access to medical care. . . In the first year it would affect relatively few people in the middle class. But because of the steadily rising costs of health care in the U.S., more and more plans would reach the taxation threshold each year...Link

Video of protesters stopping Iran hanging.....

Stunning footage has emerged of protesters in the Iranian city of Sirjan rescuing two men from being hanged by the regime. The video, uploaded to YouTube on Saturday, shows a brutal clash between Iranian authorities and protesters that was largely overlooked until Gateway Pundit found video footage of it. A Reuters report from last Wednesday stated that security forces "shot dead two gunmen" in the melee that followed the rescue, but, as Jim Hoft points out at Gateway Pundit, "the only ones with guns in the video are the regime thugs."..Link

States weighing marijuana reforms.........

Washington is one of four states where measures to legalize and regulate marijuana have been introduced, and about two dozen other states are considering bills ranging from medical marijuana to decriminalizing possession of small amounts of the herb. "In terms of state legislatures, this is far and away the most active year that we've ever seen," said Ethan Nadelmann, executive director of the New York-based Drug Policy Alliance, which supports reforming marijuana laws...Link

Prepare for a Keynesian Hangover......

In 2008, as the U.S. economy teetered under the weight of years of reckless credit expansion, the Bush administration decided against proposals to sweep out the bad debts from the banking system and then fix the regulatory structure—an approach based on tried and tested models from the S&L crisis and other financial crises. We will pay the price for this decision in 2010. That's because the Obama administration and the Federal Reserve are plowing forward with Plan B: Nationalize credit creation and "stimulate" the private sector by spending in its stead...Link