When the two-part employment report from the Bureau of Labor Statistics (BLS) was issued on Friday, the news was modestly positive: from its business “establishment” data it noted that employment increased by 162,000, a little less than expected but not far from the average of 175,000 new jobs a month that the economy has been generating for the last three months. The estimates for May and June were revised downward slightly but
Tag Archives: Obamacare
Jobs Reports Show the US Turning into a Part Time Worker Economy
- Monday, 07 September 2020 08:54
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Trump Waffles on Ending ObamaCare Subsidies to Insurance Companies
- Monday, 07 September 2020 08:54
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This article appeared online at TheNewAmerican.com on Wednesday, October 18, 2017:
For a moment there, it looked like the president was going to follow through on his promise to cut off the illegal and unconstitutional ObamaCare subsidies to health insurance companies providing coverage. But it turns out it was just a ploy, a negotiating strategy, to get liberal politicians from both parties to cobble together something in the middle. Said the president after his announcement, “If the Democrats were smart, what they’d do is come and negotiate something where people could really get the kind of health care they deserve.”
If the threat had been carried through, those subsidies, called “cost-sharing reduction payments,” which go to insurance companies to offset their costs of reducing out-of-pocket expenses such as deductibles and co-pays for low-income customers, would end. Under ObamaCare, however, those insurance companies would still be on the hook to provide coverage for those customers, forcing them to increase premiums. As the New York Times noted ruefully,
Globalist Trump Advisor Gone, Will Americanist Take His Place?
- Thursday, 08 March 2018 06:18
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This article appeared online at TheNewAmerican.com on Wednesday, March 7, 2018:
Gary D. Cohn, FORMER Trump advisor
Following the president’s decision to impose tariffs on aluminum and steel imports, Donald Trump’s chief economic advisor, Gary Cohn, announced his resignation on Tuesday. Cohn had led a team pushing Trump not to impose those tariffs, but lost out to another team pushing to keep America first.
Wall Street took the news poorly, thinking that those tariffs could lead to a trade war. But the Wall Street Journal intimated indirectly in its coverage that something much different, and vastly more important, is at stake.
George Orwell is Right: Utah Republicans Can’t Tell Romney from Hatch
- Thursday, 22 February 2018 06:30
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This article was published by The McAlvany Intelligence Advisor on Wednesday, February 21, 2018:
George Orwell’s Animal Farm, first published in 1945 as a satire on the Soviet Union, is now required reading by home school students being taught the dangers of the totalitarian state. Its climax came when politicians voted into power by the animals began to look awfully like the ones they were replacing: “The creatures [the voters] outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”
The race to fill Utah Senator Orrin Hatch’s seat – one that he has occupied for seven very long terms – is all but over. And the winner is:
Political Knives Resheathed, Trump Endorses Romney for Senate
- Wednesday, 21 February 2018 06:31
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This article appeared online at TheNewAmerican.com on Tuesday, February 20, 2018:
Political expediency likely forced President Trump to endorse the former presidential two-time loser for the Senate from Utah. But it was more than three days between Mitt Romney’s slick video announcement that he would run for Utah Senator Orrin Hatch’s seat and Trump’s decision to give Romney his endorsement. The president’s advisors no doubt reminded him that Romney is virtually guaranteed to win Hatch’s seat in November, with or without his endorsement, and that Trump nearly lost Utah in the presidential election in November 2016. Senate Majority Leader Mitch McConnell weighed in on the matter as well, reminding Trump of the loss of Roy Moore in Alabama and how narrow the Republican majority is in the Senate, and urging him to support Romney.
Tweeted Trump on Monday night:
Sen. Hatch’s Retirement Paves Way for Romney: One RINO Replacing Another
- Thursday, 04 January 2018 07:14
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Utah RINO Orrin Hatch
This article appeared online at TheNewAmerican.com on Wednesday, January 3, 2018:
If Mitt Romney ends up in Orrin Hatch’s Senate seat, that would mean one RINO (Republican In Name Only) replacing another.
A boxer in his youth, Republican Senator Orrin Hatch of Utah announced on Tuesday that he was hanging up his gloves for good. After 40 years in the Senate, he said that he had been fighting the good fight but that it was time for him to make his exit:
When the president visited Utah last month, he said I was a fighter. I’ve always been a fighter. I was an amateur boxer in my youth, and I brought that fighting spirit with me to Washington.
But every good fighter knows when to hang up the gloves.
He said he will leave the Senate when his current term ends at the end of this year.
It was unclear exactly what “fight” the 83-year-old senator was referring to.
The GOP Tax Reform Bill Now Ready for Trump’s Signature
- Friday, 22 December 2017 06:04
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This article appeared online at TheNewAmerican.com on Thursday, December 21, 2017:
Without a single Democrat vote in either the House or the Senate, the tax reform bill headed for President Donald Trump’s desk on Wednesday is likely to cost them dearly in the midterm elections. That is, if the bill works as intended: giving Americans “more take home pay” as the president expressed it, adding. “It will be an incredible Christmas gift for hardworking Americans.”
Most of those hardworking Americans won’t see a thing until
Final Tax Reform Bill: The Goods Outweigh the Bads
- Wednesday, 20 December 2017 06:28
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This article appeared online at TheNewAmerican.com on Tuesday, December 19, 2017:
With victory over tax reform clearly in sight, President Trump on Sunday tweeted, “As a candidate, I promised we would pass a massive TAX CUT for the everyday working American families who are the backbone and the heartbeat of our country. Now, we are just days away.” From the White House came more details:
What’s in the GOP Tax Bill?
- Tuesday, 07 November 2017 07:06
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This article appeared online at TheNewAmerican.com on Monday, November 6, 2017:
The GOP tax reform bill presented last Thursday attempts to be “revenue neutral” within 10 years. By giving most of the cuts to corporate taxpayers, there’s precious little left for the middle class to enjoy. The problem is not only the mathematics — trying to match the “give” with the “take” — but the politics: Democrats will work to scuttle any attempt to relieve fiscal pressure on entrepreneurs (i.e., capitalists) who are largely carrying the burden of supporting the government. Absent any attempt to cut spending — the tax bill’s 429 pages offer little help with that — what’s left, as has been said, is simply moving the chairs around on the deck of the Titanic.
First,
Many Surprises in Latest Jobless Claims Report
- Friday, 20 October 2017 05:51
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This article appeared online at TheNewAmerican.com on Thursday, October 19, 2017:
The first surprise from the latest jobless claims statistics is that new claims for unemployment insurance benefits last week fell to the lowest level in 44 years, according to the Department of Labor (DOL): “The advance figure … was 222,000 … the lowest level for initial claims since March 31, 1973.”
The second surprise is that the number of continuing claims (those lasting more than a week) also fell to levels not seen since 1974.
The third surprise is
Frustrated Trump Attacks “ObamaCare Nightmare” via Executive Order
- Saturday, 14 October 2017 06:48
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This article appeared online at TheNewAmerican.com on Thursday, October 12, 2017:
Increasingly frustrated over Congress’ inability or unwillingness to dismantle ObamaCare, President Trump tweeted earlier this week, “Since Congress can’t get its act together on HealthCare, I will be using the power of the pen to give great HealthCare to many people — FAST”; and now he has.
Of course the president cannot “give” anything to someone that hasn’t been taken from someone else, but other than that, the president is heading in the right direction. Leaks concerning his executive order, which he signed on Thursday, were confirmed: His order points to less government intervention and more individual freedom.
Calling the present Affordable Care Act an “Obamacare Nightmare,” Trump said his alternative is better:
Unwinding ObamaCare
- Saturday, 14 October 2017 06:31
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This article was published by The McAlvany Intelligence Advisor on Friday, October 13, 2017:
Those in the freedom fight know how to get rid of unnecessary, unconstitutional programs: starve them and/or let the free market compete against them. Either way, they’re done for. President Trump’s Executive Order issued on Thursday does both.
That’s why his order was so much more than just allowing the free market to operate in providing healthcare coverages. It set a pattern for further rescissions and reductions of other unnecessary and anti-freedom government programs. What President Trump said was music to the ears of those committed to free market principles and who have been fighting for years to see a day like Thursday arrive and hear a president say the following:
Debt Ceiling Debate Charade Begins, Again
- Thursday, 03 August 2017 05:23
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This article appeared online at TheNewAmerican.com on Wednesday, August 2, 2017:
Treasury Secretary Steve Mnuchin warned Congress in a letter sent Friday that they had precious little time to raise the federal government’s debt ceiling before his department ran out of money. He even put a date on when that would happen if the ceiling wasn’t raised: “Based upon our available information, I believe that it is critical that Congress act to increase the nation’s borrowing authority by September 29.”
That’s the day before the end of the government’s fiscal year, and closely coincides with the moment when the Treasury will be unable to pay the government’s bills. The Treasury’s cash balances are expected to drop close to $25 billion in September, dangerously low when compared to the government’s budget of $4 trillion.
Mnuchin no doubt is referring to the Congressional Budget Office (CBO) report released in June that reminded citizens that
Democrats and Fiscal Reality Present Roadblocks for Trump’s Budget
- Wednesday, 02 August 2017 05:27
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This article appeared online at TheNewAmerican.com on Tuesday, August 1, 2017:
Deciding to move on following the failure of the Senate to pass the “skinny” ObamaCare repeal bill, the Trump administration announced on Monday its accelerated plans for passing its budget bill. According to Marc Short, President Trump’s director of legislative affairs, background work on the budget will take place in August in preparation for committee action in the House in September. Assuming little resistance there, Short hopes for a floor vote in October, a Senate vote in November, and the president’s signature on it immediately thereafter.
It’s good to dream big.
Why Can’t ObamaCare be Repealed?
- Tuesday, 01 August 2017 07:35
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This article was published by The McAlvany Intelligence Advisor on Monday, July 31, 2017:
For more than six years Republicans have promised that, given the chance, they would repeal the odious, expensive, and unconstitutional healthcare takeover called ObamaCare. Seven times they have voted to repeal it, knowing that then-President Obama, its primary promulgator and author, would veto it.
But voters believed them and when Trump beat Democrat Hillary Clinton in November, it was going to be a shoo-in: full and total repeal at the top of the list. At least that’s what Rep. Mo Brooks, a Republican from Alabama, thought. So he prepared a bill: simple, straightforward, two sentences long:
Trump Threatens to Cut Off Insurance Company Subsidies After ObamaCare Repeal Vote Fails
- Tuesday, 01 August 2017 06:31
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This article appeared online at TheNewAmerican.com on Monday, July 31, 2017:
Sounding rather testy that the Senate didn’t give him what he wanted on Thursday, President Trump tweeted on Saturday morning that he would not only punish senators and their staffs but cut off the government funding of subsidies — estimated to be $8 billion — to hungry insurance companies. He tweeted: “After seven years of ‘talking’ Repeal & Replace, the people of our great country are still being forced to live with imploding ObamaCare!” He then tweeted the not-so-subtle threat:
If a new HealthCare bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!
He added verbal insult to the potential financial injury:
At Least Papa John’s Pizza Arrives Fresh, Warm, and Tasty
- Thursday, 27 July 2017 05:12
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This article was published by The McAlvany Intelligence Advisor on Wednesday, July 26, 2017:
Democrats are so upset over the Democrat Party’s new slogan that some demanded that its originator be fired immediately. The slogan, unveiled by Democrat Senate Minority Leader Charles Schumer in the New York Times on Monday, is: “A Better Deal: Better Jobs, Better Wages, Better Future.” This was birthed after months of intense mental analysis of last November’s loss to Donald Trump, and it was, according to many, stillborn. The Gateway Pundit massaged Papa John’s Pizza logo on its website, showing Nancy Pelosi beneath the banner, and below, instead of “Papa John’s” was “Dems: Still Pelosi.” It’s worth clicking on it. (See Sources below).
Other Democrats were less charitable.
Democrats’ New Slogan Channels Papa John’s Pizza
- Wednesday, 26 July 2017 05:16
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This article appeared online at TheNewAmerican.com on Tuesday, July 24, 2017:
Charles Schumer
The Democrat Party’s new slogan, rolled out on Monday by Senate Minority Leader Chuck Schumer (shown, D-N.Y.) in the New York Times, sounds an awful lot like the slogan of Papa John’s Pizza (“Better Ingredients, Better Pizza, Papa John’s.”) The new official slogan of the party, according to Schumer, is “A Better Deal: Better Jobs, Better Wages, Better Future.”
A closer look reveals old, tired, stale, and tasteless ideas of a party that not only has lost its way, but has lost a majority of Americans along the way. A recent Washington Post/ABC News poll revealed that
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