Obama's latest "venture socialism" program

Discussion in 'Politics' started by ScreamingEagle, Feb 26, 2012.

  1. ScreamingEagle
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    ScreamingEagle Gold Member

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    If you like how the Obama administration’s multibillion-dollar “investments” in bankrupt solar companies have turned out, you’ll love the latest federal loan program to nowhere. It’s the Obamacare loyalty rewards program for progressives.

    To appease liberal Democrats pushing for the so-called “public option” (the full frontal government takeover of our health care system), the White House settled for the creation of a $6 billion network of nonprofit “CO-OPs” that will “compete” with private insurers. It’s socialized medicine through the side door. House Republicans sliced about $2 billion from the slush fund in last spring’s budget deal and proclaimed the program dead. Hardly.

    On Wednesday, the White House trumpeted the release of nearly $700 million in taxpayer-funded low-interest loans for seven CO-OPs in eight states. Administered by the Centers for Medicare and Medicaid Services, the fund will pour more money into CO-OP plans nationwide throughout the next year. In 2014, according to Washington bureaucrats, the plans will be offered on the federally approved and federally monitored state health exchange “marketplace.”

    Some marketplace. Given how Team Obama has dispensed special Obamacare waivers to scores of campaign donors, it’s a sure bet the CO-OP/exchange mechanism will be brazenly rigged against non-subsidized, for-profit insurers. And against taxpayers. Obama health officials assure us that there will be an “early warning system” in place before loan recipients get into financial trouble. But we know from the half-billion-dollar Solyndra scam that when this administration sees red flags, it’s full speed ahead.

    In fact, the Obamacare CO-OP overseers already predict a nearly 40 percent default rate for the loans, according to Kaiser Health. Welcome to the Chicago-on-the-Potomac reverse rule of holes: When you’re in one, keep digging.

    The $4 Billion Obamacare Slushfund for Progressives
    Michelle Malkin
     
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  2. Listening
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    Listening Gold Member

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    Well, now that we passed it....we can see what it is in it.

    What is so blatently dishonest about this is that the bill has not been fully vetted yet in the SCOTUS.

    But, Axelrod and co (Jerk-off inc.) know they stand a better chance if they can bypass our checks and balances to push this forward.

    A firing squad isn't good enough for Rodless.
     

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