Tag Archives: Barack Obama

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Socialist European countries seizing individual retirement accounts

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ECM sent me this terrifying story.

Excerpt:

People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this money for their own ends. In recent weeks I have noted five such attempts: Three situations concern private personal savings; two others refer to national funds.

The most striking example is Hungary, where last month the government made the citizens an offer they could not refuse. They could either remit their individual retirement savings to the state, or lose the right to the basic state pension (but still have an obligation to pay contributions for it). In this extortionate way, the government wants to gain control over $14bn of individual retirement savings.

The Bulgarian government has come up with a similar idea. $300m of private early retirement savings was supposed to be transferred to the state pension scheme. The government gave way after trade unions protested and finally only about 20% of the original plans were implemented.

The article describes 3 other countries that are grabbing more individual retirement contributions.

This is exactly where the Democrats would take us.

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Whistleblower fired by Barack Obama loses his appeal

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Story here. (H/T Robert Stacy McCain)

Excerpt:

A three-judge panel rejected appeals Tuesday by Gerald Walpin, a former federal watchdog fired by President Obama in 2009, likely ending his attempts to get back his old job.

Former Corporation for National and Community Service Inspector General Gerald Walpin. (AP)Walpin was appointed inspector general for the agency overseeing AmeriCorps during George W. Bush’s administration and filed suit in July 2009 shortly after his dismissal.

But in a unanimous seven-page ruling issued Tuesday, judges with the U.S. Court of Appeals for the District of Columbia unanimously affirmed a previous district court decision, stating that Walpin “does not have a ‘clear and indisputable right’ ” to reinstatement.

In an interview, Walpin said he was disappointed by the decision, “not for myself but for the institution of inspectors general,” because the court decision “has effectively removed any meaning” to a 2008 inspector general reform law.

McCain adds:

And the White House lawyer who fired Walpin? He’s now ambassador to Czechoslovakia.

Here’s a story by Byron York to refresh you on the details of the case.

Excerpt:

The White House’s decision to fire AmeriCorps inspector general Gerald Walpin came amid politically-charged tensions inside the Corporation for National and Community Service, the organization that runs AmeriCorps.  Top executives at the Corporation, Walpin explained in an hour-long interview Saturday, were unhappy with his investigation into the misuse of AmeriCorps funds by Kevin Johnson, the former NBA star who is now mayor of Sacramento, California and a prominent supporter of President Obama. Walpin’s investigation also sparked conflict with the acting U.S. attorney in Sacramento amid fears that the probe — which could have resulted in Johnson being barred from ever winning another federal grant — might stand in the way of the city receiving its part of billions of dollars in federal stimulus money.  After weeks of standoff, Walpin, whose position as inspector general is supposed to be protected from influence by political appointees and the White House, was fired.

Walpin learned his fate Wednesday night.  He was driving to an event in upstate New York when he received a call from Norman Eisen, the Special Counsel to the President for Ethics and Government Reform.  “He said, ‘Mr. Walpin, the president wants me to tell you that he really appreciates your service, but it’s time to move on,'” Walpin recalls.  “Eisen said, ‘You can either resign, or I’ll tell you that we’ll have to terminate you.'”

[…]In the course of his investigation, Walpin found Johnson and St. HOPE had failed to use the federal money they received for the purposes specified in the grant and had also used federally-funded AmeriCorps staff for, among other things, “driving [Johnson] to personal appointments, washing his car, and running personal errands.” Walpin came to the conclusion that Johnson and St. HOPE should be subject to suspension and debarment.

Kevin Johnson, is, of course, a Democrat. Just like Charlie Rangel and Maxine Waters are Democrats. And Chris Dodd is a Democrat. And so on.

News

When you let Democrats control health care, they close hospitals

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From the Weekly Standard. (H/T ECM)

Excerpt:

Under the headline, “Construction Stops at Physician Hospitals,” Politico reports today that “Physician Hospitals of America says that construction had to stop at 45 hospitals nationwide or they would not be able to bill Medicare for treatments.” Stopping construction at doctor-owned hospitals might not seem like the best way to boost the economy or to promote greater access and choice in health care, but that exactly what Obamacare is doing.

Kenneth Artz of the Heartland Institute explains, “Section 6001 of the health care law effectively bans new physician-owned hospitals (POHs) from starting up, and it keeps existing ones from expanding.” Politico adds, “Friday [New Year’s Eve] marked the last day physician-owned hospitals could get Medicare certification covering their new or expanded hospitals, one of the latest provisions of the reform law to go into effect.”

This little-noticed but particularly egregious aspect of Obamacare is, by all accounts, a concession to the powerful American Hospital Association (AHA), a supporter of Obamacare, which prefers to have its member hospitals operate without competition from hospitals owned by doctors.  Dr. Michael Russell, president of Physician Hospitals of America, which has filed suit to try to stop this selective building-ban from going into effect, says, “There are so many regulations [in Obamacare] and they are so onerous and intrusive that we believe that the section [Section 6001] was deliberately designed so no physician owned hospital could successfully comply.”

Artz writes, “According to Russell, the AHA, along with Sen. [Max] Baucus (D-MT) and Congressman Pete Stark (D-CA), are responsible for the language in Section 6001.”  But the responsibility for all aspects of the overhaul primarily lies with outgoing-House speaker Nancy Pelosi, Senate majority leader Harry Reid, and, particularly, Obamacare’s principal champion, President Barack Obama.

This is just like letting the Democrats control energy policy. They block coal production, oil drilling, oil refining and construction of nuclear power plants. What happens where there is less power being produced and demand is increasing because of India and China? Well, supply decreasing, and demand increasing = SHORTAGE = HIGHER ENERGY PRICES. And that’s exactly what they’ve done with health care.

Meanwhile, new conservative House majority leader John Boehner has introduced a bill to REPEAL OBAMACARE. (H/T ECM)