The Bern Identity

jem · Jan 21, 2016

Obamacare was insurance company care instead of single payer or an intelligent hybrid.

If the democrats can't be trusted to deliver single payer, I guarantee Republicans won't deliver until every establishment member is replaced. Ryan and McConnell have to go first.

AAAintheBeltway · Jan 21, 2016

I wonder how many gang-related shootings of people with no insurance the Swiss have to deal with? How many illegal immigrants showing up at a hospital to drop anchor babies? How many illegals carrying deadly, highly communicable diseases that were eradicated decades ago? How many poor people and illegals with large families who have been taught to go to the ER for routine health care?

piezoe · Jan 21, 2016

jem said:
Why can't you deal in facts here instead of misdirection.
The Fed did not give out information about the "emergency loans in the 7 to 16 trillion dollar range until Bloomberg battled them in court over a freedom of information act request.

here are the details at the bloomberg link below. I have asked you to read this stuff... do you?
you now have this from multiple sources. This proves the Fed does not provide information about all its money creation.

http://www.bloomberg.com/news/artic...d-to-congress-gave-banks-13-billion-in-income
...
The size of the bailout came to light after Bloomberg LP, the parent of Bloomberg News, won a court case against the Fed and a group of the biggest U.S. banks called Clearing House Association LLC to force lending details into the open.

The Fed, headed by Chairman Ben S. Bernanke, argued that revealing borrower details would create a stigma -- investors and counterparties would shun firms that used the central bank as lender of last resort -- and that needy institutions would be reluctant to borrow in the next crisis. Clearing House Association fought Bloomberg’s lawsuit up to the U.S. Supreme Court, which declined to hear the banks’ appeal in March 2011.

$7.77 Trillion

Bernanke was right, in my opinion, to want to delay identifying specific banks that were getting emergency loans from the Fed. (It wasn't just the monster banks, it was any getting those loans that he wanted to delay identifying.) He was rightfully concerned that this news might result in an even worse run on bank securities. The amounts were revealed, but not the names of specific recipients. However the specifics would have been revealed in due time anyway, as once the banks were stabilized and recovering there would no longer be a need to protect this information. Because Bloomberg had to go through the FOI procedure, this produced the much needed delay. Kudos to Bernanke again for outstanding, level headed management of the crisis!

jem · Jan 21, 2016

AAA my wife works in a NICU in san diego...I give you thumbs up for being aware of how much money is being spent on babies from other countries.

Additionally, right now there is an expanding surrogate baby trade. We have women being baby ovens for couples from all over the world... but many from china. When the babies have problems... guess who frequently winds up holding massive medical bills.

ETcallhome · Jan 21, 2016

piezoe said:
Get ready to experience a steady stream of negatives from the unbelievably profitable U.S. Healthcare industry. For many years, Vanguard's Health Fund has been, on average, their most profitable mutual fund. There is of course a reason, U.S. health care isn't just a little more expensive than the same and mostly better care in other countries, it is at minimum 100% more expensive. Swiss costs, which are half ours, are most comparable. In fact the Heritage Foundation Plan, on which both Obamacare and Romneycare are based, seems closely modeled after the Swiss system (without of course any of the tight cost controls and insurance regulation present in the Swiss system.) As you ratchet the comparisons down through the panoply of other civilized countries of the world, you'll find that U.S. healthcare quickly mushrooms to multiple times as expensive as those in other countries. During the political discussion of Obamacare I heard a representative of the Mayo Clinic comment that the U.S. did not really have a health care system, and that was the crux of the problem. I believe this is a most cogent observation. The U.S. approach to health is a piñata of badly flavored, very expensive, unattractive choices rapped in colorful, insurance speak obfuscations. You grab a baseball bat and hope that your piece of health candy is less bitter than another. The candy is all gone by the time the folks at the back of the crowd can reach the piñata. But they were a fool if they thought just because there was a piñata they had any right to a piece of the candy.

an interesting comparison would be how much U.S. spends on healthcare for those over 65 on medicare compared to how much Europe pays for healthcare for their over 65 population.

piezoe · Jan 21, 2016

AAAintheBeltway said:
I wonder how many gang-related shootings of people with no insurance the Swiss have to deal with? How many illegal immigrants showing up at a hospital to drop anchor babies? How many illegals carrying deadly, highly communicable diseases that were eradicated decades ago? How many poor people and illegals with large families who have been taught to go to the ER for routine health care?

They have the Turks, who they hire to handle their garbage and clean their toilets, and the folks shooting up in the park in Zurich to contend with..

jem · Jan 21, 2016

whether he was right or not is a different issue altogether - that I suppose matters if you enjoy crony capitalism or not.

However, I can see you now understand the Fed can create trillions at will and not document it for us unless ordered.

note... I do enjoy your delightful commentary. The Fed choose to be secretive about 7-16 trillion in money creation because they knew they would give out the details after losing a FOIA request they fought in court.

Hillary could use you on her team right now. Are you more telegenic than that media matters troll who needs a better haircut? I know what look he is going for, but it does not work. It just makes him look silly.

piezoe said:
Bernanke was right, in my opinion, to want to delay identifying specific banks that were getting emergency loans from the Fed. (It wasn't just the monster banks, it was any getting those loans that he wanted to delay identifying.) He was rightfully concerned that this news might result in an even worse run on bank securities. The amounts were revealed, but not the names of specific recipients. However the specifics would have been revealed in due time anyway, as once the banks were stabilized and recovering there would no longer be a need to protect this information. Because Bloomberg had to go through the FOI procedure, this produced the much needed delay. Kudos to Bernanke again for outstanding, level headed management of the crisis!

nitro · Jan 21, 2016

Poll: Sanders overtakes Clinton in Iowa

http://www.msn.com/en-us/news/polit...-in-iowa/ar-BBoxw9g?li=BBnbcA1&ocid=DELLDHP15

AAAintheBeltway · Jan 21, 2016

jem said:
whether he was right or not is a different issue altogether - that I suppose matters if you enjoy crony capitalism or not.

However, I can see you now understand the Fed can create trillions at will and not document it for us unless ordered.

note... I do enjoy your delightful commentary. The Fed choose to be secretive about 7-16 trillion in money creation because they knew they would give out the details after losing a FOIA request they fought in court.

Hillary could use you on her team right now. Are you more telegenic than that media matters troll who needs a better haircut? I know what look he is going for, but it does not work. It just makes him look silly.

For a good government reformer who worships propublica, pie is awfully casual about letting an unelected bureaucrat whose prior experience consisted of grading term papers at Princeton hand out trillions of dollars without any oversight. I guess we were just darn lucky Bernanke had people from Goldman telling him where to put the money.

ETcallhome · Jan 21, 2016

AAAintheBeltway said:
For a good government reformer who worships propublica, pie is awfully casual about letting an unelected bureaucrat whose prior experience consisted of grading term papers at Princeton hand out trillions of dollars without any oversight. I guess we were just darn lucky Bernanke had people from Goldman telling him where to put the money.

I prefer some nerd economist running things than some politician who needs people like me to vote for him.