Ernie S.
Diamond Member
More proof the Republican party wants to hand this country to the corporations
Wants to? It's a done deal baby!
personhood
citizens united
That ship's already sailed.
GE, Solyndra, should I go on?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
More proof the Republican party wants to hand this country to the corporations
Wants to? It's a done deal baby!
personhood
citizens united
That ship's already sailed.
yeah and to pretend Im wrong all the time is just another fucking lie
TM, Maybe you could specifically outline what troubles you here.
Fact Sheet: The Pension Protection Act of 2006: Ensuring Greater Retirement Security for American Workers
RSS Feed White House News
Fact sheet President Bush Signs H.R. 4, the Pension Protection Act of 2006
Fact sheet President's Statement on H.R. 4, the "Pension Protection Act of 2006"
Today, President Bush Signed The Pension Protection Act Of 2006, The Most Sweeping Reform Of America's Pension Laws In Over 30 Years. Last year, President Bush asked Congress to strengthen protections for the pensions American workers rely on, and Congress responded by passing this bipartisan bill.
Every American Has An Interest In Fixing The Pension System. The Federal government has created an insurance system for businesses offering private pensions, and the insurance is funded by premiums collected from these employers. When some businesses fail to fund their pension plans and are unable to meet obligations to their employees, it puts a strain on the entire pension system. If there is not enough money in the system to cover all the extra costs, American taxpayers could be called on to make up the shortfall.
This Legislation Improves The Pension System And Expands Opportunities To Build Retirement Nest Eggs
The Pension Protection Act Strengthens The Federal Pension Insurance System. The legislation:
Requires companies that under-fund their pension plans to pay additional premiums;
Extends a requirement that companies that terminate their pensions provide extra funding for the pension insurance system;
Requires that companies measure the obligations of their pension plans more accurately;
Closes loopholes that allow under-funded plans to skip pension payments;
Raises caps on the amount that employers can put into their pension plans, so they can add more money during good times and build a cushion that can keep their pensions solvent in lean times; and
Prevents companies with under-funded pension plans from digging the hole deeper by promising extra benefits to their workers without paying for those promises up front.
President Bush Has Sent A Clear Message To Businesses Across America That They Must Keep Their Promises To Workers. Businesses that offer a private pension plan to their employees have a duty to set aside enough money now, so their workers get what they have been promised when they retire.
The Pension Protection Act Also Contains Provisions To Help American Workers Who Save For Retirement Through Defined Contribution Plans, Like IRAs And 401(k)s. Defined contribution plans are helping Americans build a society of ownership and financial independence, and this legislation makes it easier for workers to participate in these plans. The legislation:
Removes barriers that prevent companies from automatically enrolling their employees in defined contribution plans;
Ensures that workers have more information about the performance of their accounts;
Provides greater access to professional advice about investing for retirement;
Gives workers greater control over how their accounts are invested; and
Makes permanent the higher contribution limits for IRAs and 401(k)s that were passed in 2001, enabling more workers to build larger retirement nest eggs.
To Ensure A More Secure Retirement For All Americans, We Must Also Prepare For The Impact Of The Baby Boom Generation's Retirement On Entitlement Programs Like Social Security And Medicare. Entitlement programs are projected to grow faster than the economy, faster than the population, and faster than the rate of inflation. If we fail to act, Social Security, Medicare, and Medicaid will be almost 60 percent of the entire Federal budget in the year 2030. President Bush continues to call on Congress to meet its duty to reform these programs so we can ensure a secure retirement for all Americans.
Fact Sheet: The Pension Protection Act of 2006: Ensuring Greater Retirement Security for American Workers
yeah and to pretend Im wrong all the time is just another fucking lie
Please use the quote function and from time to time, an apostrophe.
I never claimed you are wrong all the time. I even supported you in this instance. The fact that people rarely come to your defense is because you are so rarely defensible.
FEC Republicans Are Making Citizens United Even Worse | ThinkProgress
Last month the six FEC commissioners killed on a 3-3 vote a motion to begin consideration of Van Hollens suggestions. By law, the agency may have only three members of any political party. By tradition, the president chooses three commissioners and the other partys Senate leader chooses three. The three Republican appointees Commissioners Caroline Hunter, Donald McGahn II and Matthew Petersen were the three no votes. The same trio also made headlines last month when they took the view that even coordination between Super PACs and candidates might not qualify as coordination between Super PACs and candidates.
The lawsuit is still pending.
Because of these loopholes, virtually none of the funders behind the Super PAC attack ads in Iowa, New Hampshire, and South Carolina will be disclosed until well after the voters there have cast their ballots. And the funders behind 501(c)(4) attack ads may never be known.
So while it was the Supreme Courts majority that opened the floodgates for corporate money in our elections, it is the deadlocked FEC that is keeping voters from even knowing where that money comes from.
The republican party power structure wants this country handed over to the control of corporations
yeah and to pretend Im wrong all the time is just another fucking lie
I was watching this today and couldn't believe my eyes. This is the first serious in depth analysis of Obama practices I've seen by the left. You really need to watch the video because the class warfare rhetoric comes full circle.
The most amazing bit of information I got from this video were the stats of big bank profits under 3 years of Obama as compared to 8 years under Bush.
3 years under Obama netted the big banks 83 BILLION
8 years under Bush netted the big banks 77 BILLION
And you libs say Obama is for middle America. Laughable. Obama is BIG MONEY
https://www.youtube.com/watch?v=Felq4CkyC6E&feature=youtube_gdata_player
Ps. Sorry for the poor quality of the video. I don't have a capture card.
More proof the Republican party wants to hand this country to the corporations
.....in FLORIDA!!!!!
"In a meeting with The Miami Herald editorial board on Thursday, McCarty called the idea of a medical loss ratio flawed. He said the law could kill many health insurance agencies and be unnecessarily disruptive to the stability of the insurance business."
WENDELL POTTER: Well, there's a measure of profitability that investors look to, and it's called a medical loss ratio. And it's unique to the health insurance industry. And by medical loss ratio, I mean that it's a measure that tells investors or anyone else how much of a premium dollar is used by the insurance company to actually pay medical claims. And that has been shrinking, over the years, since the industry's been dominated by, or become dominated by for-profit insurance companies. Back in the early '90s, or back during the time that the Clinton plan was being debated, 95 cents out of every dollar was sent, you know, on average was used by the insurance companies to pay claims. Last year, it was down to just slightly above 80 percent.
So, investors want that to keep shrinking. And if they see that an insurance company has not done what they think meets their expectations with the medical loss ratio, they'll punish them. Investors will start leaving in droves.
I've seen a company stock price fall 20 percent in a single day, when it did not meet Wall Street's expectations with this medical loss ratio.
For example, if one company's medical loss ratio was 77.9 percent, for example, in one quarter, and the next quarter, it was 78.2 percent. It seems like a small movement. But investors will think that's ridiculous. And it's horrible."
Hmmm... really... I didn't know corporations had the ability to make LAW and GOVERN.
Hmmm... really... I didn't know corporations had the ability to make LAW and GOVERN.
You lied peach