Showing posts with label CEO. Show all posts
Showing posts with label CEO. Show all posts

Saturday, June 13, 2009

Obama's First Miracle - he conveniently found savings to pay for National Healthcare!


Obama's Healthcare Plan will be one of the biggest frauds ever perpetrated upon the American People.

from Yahoo News
by Josh Gerstein
June 13, 2009

President Barack Obama says he's now found savings that will pay almost all the costs of a massive overhaul of America's health care system.

Obama on Saturday is announcing an additional $313 billion in new proposed savings that he says would bring the total funding available for his top-priority health insurance reform to nearly $950 billion over 10 years.

White House officials insisted the new savings were rock-solid, but also acknowledged they had yet to settle on a specific mechanism to achieve lower prescription drug costs that make up nearly one-quarter of the new savings.

“Any honest accounting must prepare for the fact that health care reform will require additional costs in the short term in order to reduce spending in the long term,” Obama says in his weekly radio and Internet address. “Today, I am announcing an additional $313 billion in savings that will rein in unnecessary spending, and increase efficiency and the quality of care.”

The new proposals from Obama came as the drive for health care reform reaches a pivotal juncture in Congress. On Monday, the Senate Finance Committee is scheduled to receive Congressional Budget Office estimates on a slew of health-care options. On Wednesday, the committee is expected to unveil proposed legislation.

In advance of those milestones, the White House was moving aggressively to counter public criticism that funding plans for the health reform effort are unrealistic, particularly in the face of an expected 10-year pricetag of $1 trillion or more. Some analysts have faulted the White House for being overly optimistic about savings and tone-deaf to which tax-raising proposals are likely to fly in Congress.

In his address Saturday, Obama refers to a 10-year total of more than $600 billion in “savings” for health care. However, he does not explain in his latest comments that, under his revised budget released last month, $326 billion of that amount would come from tax hikes on Americans making over $250,000 a year, “loophole closers,” and higher fees for some government services.

In a conference call with reporters Friday, Office of Management and Budget Director Peter Orszag said the latest announcement signaled that the White House had met its obligation to identify funding sources for a broad-based effort to make health insurance more affordable and more widely available.

“We are making good on this promise to fully finance health care reform over the next decade,” Orszag declared.

The bulk of the new $313 billion in savings would come from cutting or reducing the growth of payments to hospitals, medical equipment manufacturers and laboratories — though the major cuts don't target doctors, Orszag said.

Over the next decade, $110 billion is slated to come from reducing reimbursements to take account of what Orszag described as the ability of providers to improve their efficiency. “Health care services should be able to achieve and do achieve productivity improvements over time,” he said. According to a fact sheet released by the White House, future increases in such Medicare payments would be reduced based on an assumption that health care providers achieve half the productivity increases seen elsewhere in the economy. The budget official said the reductions would take place even if providers failed to garner the projected efficiencies.

Another $106 billion would come from cuts in so-called disproportionate share payments the federal government makes to hospitals with large numbers of uninsured patients. “As the ranks of uninsured decline under health reform, those payments become less necessary,” Orszag said.

About $75 billion is slated to come from lower payments for prescription drugs. However, Orszag said the White House was “in discussions with stakeholders over the best way of achieving that $75 billion.”

Notwithstanding that ambiguity, Orszag asserted that the White House had put forward $950 billion in budgetary offsets that could be use to fund health reform. He called the proposals "hard" and "scoreable," meaning that they were sufficiently certain and specific to pass muster with CBO officials who formally tally the cost of budget items.

Asked about the discrepancy, Orszag said, “There’s been continuous skepticism that we will come forward with detail….The detail on the $75 billion for prescription drugs will be forthcoming in the very near future and I will rest my reputation as a former CBO director on the fact that there are multiple ways in which those savings can be achieved and we are committed to achieving that level of savings in this package.”

There were signs that the announcement of the additional $313 billion of savings may have been rushed. In addition to the vagueness about the $75 billion in lower drug costs, the White House’s health care reform coordinator, Nancy-Ann DeParle, did not join a conference call with reporters to announce the new proposals. Her presence had been advertised in advance, but a spokesman said she was in another meeting and could not participate.

The cuts and savings are likely to engender warnings from providers that de-facto rationing will occur as patients in some areas find themselves unable to find providers willing to perform lab tests, X-rays and the like, due to the lower reimbursement rates.

Hospitals are also likely to protest that the disproportionate share payments, which are targeted for cuts of 75 percent, are vital to maintaining hospitals in costly urban centers, and to keeping teaching hospitals viable.

“It is unlikely to be an exact match on a hospital-by-hospital basis but what we believe will occur is that the remaining DSH payments that will still exist can be better targeted to the hospitals most in need,” Orszag said.

Thursday, June 11, 2009

Hey Obama: Americans Say Your Takeover Of GM Sucks!


image by rees

from Fox News
June 11, 2009

Most Americans are unhappy with the actions the federal government has taken with General Motors, and people are uncertain about GM's future -- even with the government's help, according to a FOX News poll released Thursday.

Considering economic conditions overall, most people say things haven't been this bad since the Great Depression. Views are split, however, over whether the economy is getting better or worse.

By 58 percent to 38 percent voters across the country say they disapprove of the government takeover and majority ownership stake in General Motors. Majorities of Republicans (79 percent) and independents (59 percent) think it was a bad move, as well as a sizable minority of Democrats (39 percent).

And by an 8 percentage point margin slightly more Americans think the government should have let the market decide GM's fate (52 percent) than believe it was in the country's best interest to save the car maker (44 percent).

A majority of Democrats (62 percent) support the government intervening in GM, while majorities of Republicans (72 percent) and independents (54 percent) back letting market forces decide.

Does the government takeover mean GM will get back on track? When asked to look five years down the road, about half of Americans think the company will be profitable (22 percent) or breaking even (32 percent). Others are more pessimistic, including about one in five (21 percent) who think GM will be out of business, and 17 percent think it will still be losing money.

Among Democrats, who are more likely to support the government takeover, nearly a third think GM will either be gone (15 percent) or still showing red ink (13 percent).

Opinion Dynamics Corp. conducted the national telephone poll of 900 registered voters for FOX News from June 9 to June 10. The poll has a 3-point error margin.

Labor unions have been front and center in the government's rescue of GM -- and Chrysler as well. The largest number of Americans -- 43 percent -- think labor unions have too much influence on the Obama administration, 29 percent say the right amount and 12 percent too little influence.

Economic Conditions

The public is split on how things are going today, as about equal numbers say the economy is getting better (40 percent) as say it is getting worse (42 percent). Even this question reveals a partisan divide: Half of Democrats (50 percent) say things are getting better -- that's almost double the number of Republicans (27 percent) who feel the same way. A 57 percent majority of Republicans say things are getting worse. Independents split: 41 percent better and 41 percent worse.

Similarly, when asked if the government stimulus spending is working, 46 percent of Americans say yes, while almost as many people -- 39 percent -- say no. Three months ago sentiments were reversed, as 38 percent thought government actions were working and 44 percent disagreed (3-4 March 2009).

Nearly two-thirds of Americans (65 percent) think the country is in the worst economic crisis since the Great Depression.

Do the tough times make you more appreciative for what you have? You bet -- 84 percent say they feel more grateful these days. Only 9 percent are "angry" they don't have as much as they used to have.

Among the car companies tested, Ford -- which has not taken government bailout money -- has the highest favorable rating at 72 percent, followed by Honda at 69 percent favorable. Just under half of Americans have a positive view of General Motors (48 percent) and Chrysler (46 percent).

Click to read the rest of the article and the comments

Wednesday, June 10, 2009

New Chairman of GM: "I don't know Jack about cars!" - he actually said "anything"

This should make the taxpayers who involunteerily invested billons into GM, feel good about the odds that GM might actually recover. Nice job Obama! Way to install the right people into the critical positions to give GM it's best chance to survive. You have your car czar who doesn't know Jack, choose a chairman of the board who also doesn't know Jack.

Hey Obama: You, the new GM CEO and the new Chairman of the Board are all morons. Good luck on your future success.
Rees

from Cheat-Seeking Missiles
by Laer
June 10, 2009
"I don’t know anything about cars.” - Edward E. Whitacre, Jr., Newly
Annointed Chairman Of GM


I really can’t believe I’m in America, reading in American media what an American president is doing to an American enterprise. But I am. It is true. The government has named a new chairman for General Motors. Not the GM board of directors, not the shareholders, but Steven Rattner, Obama’s car czar, who knows about as much about cars as the new chairman, Edward Whitacre.

This is far more radical than anything I thought Obama would be able to pull off, even in eight years, let alone 14 weeks. Following on yesterday’s SCOTUS decision which said, basically, a contract is no longer a contract so investors can expect no protections, the critical condition of glorious American capitalism could not be more apparent. I worry that it will not survive until 2010’s mid-term elections.

Whitacre was picked for two reasons. The published one is that he guided AT&T through the transition from land-based wire telephone carrier to a leader in the wireless industry. The Obamaites see a similar future for GM, with it transforming from a market-driven car company to a government-driven car company, manufacturing cars Big Brother wants us to drive, whether we want to or not.

The unspoken reason for his selection is because Whitacre can be counted on to do what government tells him to do, as was evident when he quickly (and rightly) acquiesced to government pressure to open AT&T’s hardware to the feds for post-9/11 surveillance purposes. Not all telcom CEOs folded so quickly to government pressure, and since folding to government pressure is what’s in store for GM, Whitacre will make an ideal Obama-era chairman for the company.

The appointment should infuriate the Left. Besides being a lackey to George Bush’s gestapo security machine, Whitacre received a peon-snubbing $158.8 million retirement package from AT&T and was involved in some pretty brutal corporate downsizings (probably in no small part due to shifting jobs overseas). Oh, and let’s not forget that under his tenure AT&T censored (oops!) a Pearl Jam concert right when the band was blasting George Bush.

But Daily Kos has nothing posted on him as of his hour. Democratic Underground? Mum. [By the way, I typed "democraticunderground" instead of "democraticunderground.com," and was redirected to one of those stupid sponsored-link pages. Guess who came out on top? Barbara Boxer!] As for Huffington Post, which as I predicted in a tweet earlier today leads with how Homeland Security foresaw today’s attack on the Holocaust Museum in its report on right-wing radicalism, it also couldn’t find a reason to cover - let alone criticize - Whitacre’s appointment.

Of course not. They know what’s going on. Their long-awaited revolution is happening and they don’t want to crow about it too early because suddenly they’re very concerned about the enemy getting wind of our intentions. Not al-Qaeda - tell them anything - they don’t want their enemy, normal Americans, to wake up to what’s going on. No, they want to be much further down the road to economic ruin in the name of wealth redistribution before they haul out the red flags and have a victory parade.
Click to read the comments and other excellent articles at Cheat-Seeking Missiles

Monday, April 6, 2009

Hey Obama! - The U.S. Should Revoke Your Passport

from The Provocateur
Monday, April 6, 2009
by mike volpe

The President Fails Rule 1 of Geopolitics

It's gone from annoying to disturbing how often the president is making a habit of finding a foreign audience to criticize prior American foreign policy. Make no mistake, while a large majority of that prior policy is George W. Bush's, the current president's criticism isn't limited only to his predecessor. In 1952, Arthur Vandenburg presented a very simple geopolitical principle.

politics stops at the water's edge

In other words, whatever disagreements we may have, we present a united front outside our nation. Vandenburg believed that this is vital because in his words,

to unite our official voice at the water's edge so that America speaks with maximum authority against those who would divide and conquer us

President Obama seems to never miss an opportunity to talk to foreigners and find a point of prior foreign policy to criticize. The latest comes in a speech to the Parliament of Turkey.
An enduring commitment to the rule of law is the only way to achieve the security that comes from justice for all people. Robust minority rights let societies benefit from the full measure of contributions from all citizens.

I say this as the President of a country that not too long ago made it hard for someone who looks like me to vote.

As Powerline itself points, it wasn't even the federal government that stopped African Americans from voting but rather individual states. This may be a nit picking technicality however what's more important is that this follows in a disturbing pattern of the president using just about any opportunity to take shots at the country he is leading.

He has already gone overseas and accused America of torture, violating civil rights, violating the rule of law, acting arrogantly, not listening, and acting as imperialists. This disturbing onslaught on the country he purports to lead has real geopolitical consequences. From now on, any action which ally or foe alike doesn't like by his administration can be characterized by our adversaries as "imperialist", "arrogant", "torturous", etc.

By doing an endless string of mea culpa for all sorts of prior perceived bad policy, the president also by extension weakens the credibility of the nation as a whole. That's because he presents an image of the nation as a terribly flawed and failed nation. He presents a nation that has an image of doing wrong rather than right. What is really most troubling about all of this is how little time the president spends pointing out all the times that the United States has been a force for good rather. Instead, the president seems to always find any and all prior acts of bad and tells the world about the country's bad, but he rarely points out when the country has been a force for good.

If you were to only listen to the president, you might not realize that our blood and treasure freed both Western Europe and Eastern Europe. If you listen to the president, you wouldn't know that both Afghanistan and Iraq now have a chance at freedom because of the blood and treasure of the United States. It was also the United States that lead in the effort to isolate the Apartheid government of South Africa that ultimately lead to its disintegration. These are just a few examples of a history of good of our nation, and these examples rarely find their way into things the president says about the nation when he is overseas.
Click to read the article

Sunday, April 5, 2009

Hey Obama! - Apologize to the American People!

What kind of man has such an obsessive need to put down his own country?

Obama, You should not be allowed to visit Normandy. Your presence will desecrate the ground in which our fallen American Heroes are buried. You are President and Commander In Chief in title only. You dishonor the office. You DO NOT love this Country. And, regardless of what Michelle says, neither one of you are proud of this country.
Rees

from American Thinker
April 06, 2009
By James Lewis

Those arrogant Americans

We have a rock star president who for the first time in American history fired the President of a private corporation, General Motors, then immediately flew to Europe with an entourage of 500 courtiers and a worshipful media, bowed waist-deep to the King of Saudi Arabia, and proceeded to accuse his own country of arrogance.

In Paris, of all places.

Does anybody else think this guy is shockingly ignorant? I wonder if he has ever really talked to a concentration camp survivor, or a Cuban refugee, or a boat person from Vietnam? Or a Soviet dissident. Or a survivor or Mao's purges.

Not to mention families with fallen American soldiers in the graveyards. Yes, he's going to Normandie, but will he apologize for our arrogance there, too? Does he really understand anything beyond the PC history of the world? Or will he just lie in his photo op at the American Cemetery at Normandie?

Ahhh, those arrogant Americans. First they rebel against King George III and all the crowned heads of Europe. Then they welcome tens of millions of poor and persecuted people from the Old World. Then they fail to bow down to Europe's greatest figures -- from Napoleon and Otto von Bismarck to the Kaiser, Hitler and Stalin. Then they fight a civil war, losing half a million people to liberate black people in America. Then they diss the man the BBC considers to be the greatest philosopher ever, one Karl Marx, whose followers killed 100 million innocents in the 20th century. And then, to top it all off, they liberate both the Western half of Europe (in 1946) and the Eastern half (in 1989).

What arrogance these Americans have. Either that, or a very, very -- no, stunningly -- ignorant man was just elected president -- largely because millions of benevolent voters believed that we owe black people a presidency. They may come to see that as their biggest mistake ever. In the next couple of years they will see a tripling of government debt, high inflation, a permanent loss in their personal wealth, and a major devaluation of the dollar.

Which, to judge by his recent television performance, should just make him giggle quite inappropriately, in front of God and everybody. What kind of man has such an obsessive need to put down his own country? Especially given our real history? Has he ever read an honest history book?
Click to read the article and comments

Obama - Are you head of state or enemy of the state?

You should be ashamed of yourself. I'm embarrassed that you are the President of the United States. You would be a much better fit as President of Iran or Venezuela. You could then dictate to your heart's content. You're behavior while in Europe has been disgusting, disturbing and disrespectful to those Americans who lost their lives in order to free Europe.
Rees


Echo Of Europe

from INVESTOR'S BUSINESS DAILY

Leadership: Sixty-one years to the day after Truman signed the Marshall Plan rebuilding war-torn Europe, President Obama apologizes to French youth for U.S. arrogance. Our defense of freedom is no shame.

News reports quoted French men and women hailing the first African-American president of the United States as a hopeful sign for global racial reconciliation.

But is there another reason they're so smitten? Might they be imagining the decline of America and the rise of a Eurocentric multilateralism?

Barack Obama's words to the thousands of squealing young French and German fans at the Rhenus Sports Arena in Strasbourg certainly seem in harmony with such hopes.

"In America," the president claimed, "there's a failure to appreciate Europe's leading role in the world. Instead of celebrating your dynamic union and seeking to partner with you to meet common challenges, there have been times where America has shown arrogance and been dismissive, even derisive."

President Obama promised that "America is changing" and that there would now be "unprecedented coordination" in our policies.

He lamented that "we got sidetracked by Iraq"; he extolled the "social safety net that exists in almost all of Europe that doesn't exist in the United States."

And he described the G-20 summit he just attended in London last week as "a success of nations coming together, working out their differences, and moving boldly forward."

But is multilateralism really the great hope for the future that the president and his French and German devotees are convinced it is?

"We just emerged from an era marked by irresponsibility," the president claimed in reference to the global financial crisis.

But when he flaunts his "excellent meeting with President Medvedev of Russia" to begin the reduction of U.S. and Russian nuclear stockpiles with the claim that working with Moscow will "give us greater moral authority to say to Iran, 'don't develop a nuclear weapon,' to say to North Korea, 'don't proliferate nuclear weapons,' " isn't he actually embarking on a new era of naive foreign policy irresponsibility?

The Russia and Communist China the president wants to "partner" with are directly responsible for giving Iran and North Korea the nuclear expertise and equipment that have empowered those two oppressive terror states to pursue the ability to incinerate a city.

And does the president really believe that Kim Jong-il or the Ayatollah Khomenei respond, as he put it, to "moral authority" the way civilized leaders do?

It's Europe that has things to learn from America, not vice versa.

Europe can learn that with an injection of U.S.-style market competition, French patients need not wait month-upon-month for heart bypass surgery. They can learn that Iran is a clear and present danger requiring force from a united free world, not talk.

While they're at it, they might also learn to express some gratitude for the $13 billion American taxpayers shelled out during the post-war years (over $100 billion in current dollars) to rebuild their countries — after the U.S. came to their rescue during the war itself, spilling the blood of hundreds of thousands to defeat Hitler.

The United States of America is the world's lone superpower — unless and until we choose to relinquish that responsibility.

The last thing our sometime friends and allies across the pond need is a U.S. president bemoaning America's role in the world and serving as an echo chamber to those in Europe who would like to see us weakened or irrelevant.
Click to read the article

Obama Is the ‘Arrogant, Dismissive, and Derisive’ One

If President Obama keeps it up, he may find the pitchforks with which he threatened the CEOs pointing at him.

April 5, 2009
by Kim Priestap
from Pajamas Media

While in Strasbourg, President Barack Obama told an audience in a townhall meeting that America needs to change its attitude toward Europe. He said America was wrong for not celebrating Europe’s “dynamic union” and not seeking “to partner” with them to better address the “common challenges” that face our nations. He even went so far as to say past American policy was misguided because it had “shown arrogance and been dismissive, even derisive,” an obvious rebuke of former President Bush. The president made these highly critical comments of his own country on foreign soil in an effort to “rebuild” the transatlantic relationship between the United States and Europe by offering an olive branch.

The president’s comments were greeted with cheers. They were described as electrifying and inspiring. And they are the most classic case of projection exhibited by an American president to date.

Just a few days ago in a meeting with American CEOs of American banks, President Obama’s tone and attitude were rife with the arrogance, dismissiveness, and derision he had just criticized in Europe. A participant in the meeting told Politico that when the CEOs tried to explain that the nature, complexities, and competition of the finance and banking industries required that they continue retention bonuses for their employees, the president became impatient. He interrupted them and said, “Be careful how you make those statements, gentlemen. The public isn’t buying that. My administration is the only thing between you and the pitchforks.”

The imagery behind Obama’s threat couldn’t be more obvious: comply with my demands or I will make sure you are harassed, intimidated, and run out of town on a rail. He made them an offer they couldn’t refuse. Don Corleone couldn’t have said it better.

We can not forget, however, that it was Barack Obama himself along with his fellow Democrats who agitated this mob-like frenzy about the banks, the CEOs, and the bonuses. It was Obama who said the bonuses were an “outrage” and a “violation of our fundamental values.” Democrat Barney Frank hauled AIG’s CEO in front of the House Financial Services Committee and interrogated him, demanding to know why he approved the hundreds of millions of dollars of bonuses. Conveniently, Congressman Frank failed to mention that the approval was inside the very stimulus bill Obama championed and the Democrats overwhelmingly voted for.

This wasn’t the first time Obama bared his political teeth. Back in January he responded to the House Republicans’ concerns about not having enough tax cuts in the stimulus package with an arrogant and dismissive “I won.” Karl Rove reported in a recent Wall Street Journal column that Obama told fellow Democrat Rep. Peter De Fazio that he needed to watch his political backside after he voted against the president’s stimulus package: “Don’t think I’m not keeping score, brother,” he warned him.

Obama’s most recent pitchfork threat, however, was not just for his private audience of CEOs. He had a much wider audience in mind: the Democrats in Congress and the American people.

While the president continues to inflame the outrage surrounding the executives’ bonuses by threatening bank CEOs with angry mobs wielding pitchforks, he’s quietly working behind the scenes to help these same CEOs avoid the limits Democrats in Congress are trying to place on the salaries of the executives that receive bailout funds. In fact, the president himself has called for these limits. That means we can add another descriptor to Obama’s list: duplicitous. The Washington Post gives us the details:


The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.

Administration officials have concluded that this approach is vital for persuading firms to participate in programs funded by the $700 billion financial rescue package.

The administration believes it can sidestep the rules because, in many cases, it has decided not to provide federal aid directly to financial companies, the sources said. Instead, the government has set up special entities that act as middlemen, channeling the bailout funds to the firms and, via this two-step process, stripping away the requirement that the restrictions be imposed, according to officials.

It seems the president is trying to play both sides of this issue. On the one hand, he wants to continue to stoke the populist outrage set ablaze by the lavish bonuses; on the other hand, he is trying to help the CEOs keep those same lavish bonuses.

This epitomizes arrogance, dismissiveness, derision, and duplicity toward the American taxpayers and his own party. The president was elected with the grand expectation that he would transform the way Washington does business, but his new scheme of circumventing Congress is nothing more than the old policies of the Chicago political machine. If President Obama keeps it up, he may find the pitchforks with which he threatened the CEOs pointing at him.
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