Archives for FUBAR

Insurance report undercuts health care claims

A report commissioned by America's Health Insurance Plans says the Senate Finance Committee legislation will cause health care costs to go up faster than under the current system. The report, which was conducted by PricewaterhouseCoopers, has caused some buzz among Hill GOP aides and infuriated the Obama White House. The report will drop ahead of a crucial vote on the bill Tuesday in the Finance Committee, and could figure into the discussion there. At the very least, expect to hear a lot more about the report from Republicans, who are looking to slow any kind of momentum for the Democratic health care reform proposals after the Congressional Budget Office's positive analysis last week.
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Health care reform will take three years to kick in

Sixty years is how long Democrats say they've been pushing for legislation that provides health care access for all Americans. They'll have to wait another three if President Barack Obama gets a bill to sign this year. Under the Democratic bills, federal tax credits to help make health insurance affordable for millions of low- and middle-income households won't start flowing until 2013 — after the next presidential election. But Medicare cuts and a sizable chunk of the tax increases to pay for the overhaul kick in immediately.
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Pulling out of Iraq ain’t all that easy

There is no more visible sign that America is putting the Iraq war behind it than the colossal operation to get its stuff out: 20,000 soldiers, nearly a sixth of the force here, assigned to a logistical effort aimed at dismantling some 300 bases and shipping out 1.5 million pieces of equipment, from tanks to coffee makers. It is the largest movement of soldiers and matériel in more than four decades, the military said. By itself, such a withdrawal would be daunting, but it is further complicated by attacks from an insurgency that remains active; the sensitivities of the Iraqi government about a visible American presence; disagreements with the Iraqis about what will be left for them; and consideration for what equipment is urgently needed in Afghanistan.
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Olbermann’s special comment on health care

MSNBC's Keith Oblermann devoted his entire program Wednesday night to a "special comment" on the sorry state of health care and the debacle over "health care reform." Olbermann, whose seriously ill father has been through America's health care system recently, blamed insurance companies for putting profits ahead of patient needs and Congress for caving in to special interests.
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Afghan war gives antiwar movement momentum

The protesters convened for a final planning meeting, already triumphant, convinced that nine months of preparation was about to pay off. Antiwar organizers who had come to Washington from 27 states exchanged hugs inside a Columbia Heights convention hall and modeled their protest costumes: orange jumpsuits, "death masks," shackles and T-shirts depicting bloody Afghan children. Then Pete Perry, the event organizer, stood up to deliver a welcome speech. "This is a great moment for our movement," he said. "We are continuing an incredible tradition." "Like Gandhi," said the next speaker. "Like Martin Luther King," said another.
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Tax credit for hiring gains traction

The idea of a tax credit for companies that create new jobs, something the federal government has not tried since the 1970s, is gaining support among economists and Washington officials grappling with the highest unemployment in a generation. The proposal has some bipartisan appeal among politicians eager both to help their unemployed constituents and to encourage small-business development. Legislators on Capitol Hill and President Obama’s economic team have been quietly researching the policy for several weeks. “There is a lot of traction for this kind of idea,” said Representative Eric Cantor of Virginia, the Republican whip. “If the White House will take the lead on this, I’m fairly positive it would be welcomed in a bipartisan fashion.”
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Changing conditions require Afghan reassessment

President Barack Obama's top defense and diplomacy advisers said the United States retains the Afghanistan war goal that he outlined just two months into his presidency - to sideline al-Qaida - but changing circumstances require a reassessment of how to get there. A "snap decision" on whether to add more U.S troops would be counterproductive, Secretary of State Hillary Rodham Clinton said Monday. Whatever the president decides, the military will salute, Defense Secretary Robert Gates said. "It's important that at the end of the day that the president makes a decision that he believes in," Clinton added.
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War protests: Deja vu all over again?

It was a scene repeated countless times during the Bush years: A few hundred people massed on Pennsylvania Avenue outside the White House, wearing orange jumpsuits and hoods, holding photos of wounded children or carrying coffins. They chanted antiwar slogans, acted out waterboarding and pretended to die on the sidewalk. Those who refused orders to leave the area -- including ubiquitous activist Cindy Sheehan -- were arrested. But the remarkable thing about this familiar antiwar demonstration is that it occurred Monday, and the target was not George W. Bush but the White House's current occupant. Protesters' signs carried Obama-specific barbs: "Change? What Change?" "The Audacity of War Crimes." "Yes We Can: U.S. Out of Afghanistan."
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You just can’t make a buck off Obamamania

They cashed out retirement funds to build their business during the 2008 presidential campaign. Now they have 3,000 jack-in-the-boxes with smiling Barack Obama puppets inside -- all sitting in a California warehouse, waiting to be sprung open for $29.95 apiece. For Barack-in-the-Box creator Heather Courtney and her husband, David Manzo, the Obamamania that drove sales so fast they could barely keep up during the inauguration is over now. Sales have slowed to a "sporadic drizzle," the 36-year-old artist said, in part because the president just isn't as popular. Back in January, it was nearly impossible to escape the Obama commercial boom.
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Personal bankruptcies soar in September

Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday. September filings totaled 124,790, the fourth-highest month since the bankruptcy law changed in 2005. Filings also rose 4 percent from August, even as recent reports have indicated that the U.S. housing market might be stabilizing and consumer confidence appears to be recovering. September's filings pushed 2009 consumer bankruptcies to about 1.05 million, the highest for the first nine months of a year since 1.35 million in 2005. The American Bankruptcy Institute said it expects consumer bankruptcies to climb to more than 1.4 million this year.
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