Tag Archives: Communism

CBO report: four million will lose employer health care due to Obamacare

White House Dossier explains what’s wrong with Obama’s promise above.

Excerpt:

new report by the nonpartisan Congressional Budget Office states that by 2016, Obamacare will result in 4 million people fewer people getting health insurance coverage from their employers.

The estimate is a vast increase from the CBO prediction just a year ago that 1 million would no longer obtain coverage from their employers. And it raises substantial questions about the veracity of one of Obama’s key pledges in selling the health care law – that everyone who wants to keep their current health insurance plan and doctor could do it.

It’s not clear how many of the 4 million would be forced out as a result of employers dropping coverage. But it can be assumed that many will indeed lose their insurance and have to seek it elsewhere, since few people would seem likely to intentionally abandon coverage provided by an employer.

And many employers have already indicated that they would rather drop coverage and incur fees from the government than continue to provide it.

According to a survey published last summer by the Towers Watson consulting firm, almost one in ten medium to large size employers said they are likely or very likely to end health benefits for their workers.

[…]The CBO also projects that 2 million fewer uninsured will gain insurance under the law than previously thought, with the total uninsured population declining by 30 million instead of 32 million.

Here’s an updated Obama promise about keeping your current health care coverage:

But don’t worry – if you work for an Obama-supporting union, or a big Obama-supporting corporation, then you’ve probably got a waiver from Obamacare.

Obama gave administration jobs to half of his 47 biggest fundraisers

From the leftist Washington Post.

Excerpt:

Big donors considering whether to work the phones raising money for President Obama’s reelection campaign might consider the fate of his 2008 bundlers. Many of them, it turns out, won plum jobs in his administration.

Obama campaigned on what he called “the most sweeping ethics reform in history” and has frequently criticized the role of money in politics. That hasn’t stopped him from offering government jobs to some of his biggest bundlers, volunteer fundraisers who gather political contributions from other rich donors.

More than half of Obama’s 47 biggest fundraisers, those who collected at least $500,000 for his campaign, have been given administration jobs. Nine more have been appointed to presidential boards and committees.

At least 24 Obama bundlers were given posts as foreign ambassadors, including in Finland, Australia, Portugal and Luxembourg. Among them is Don Beyer, a former Virginia lieutenant governor who serves as ambassador to Switzerland and Liechtenstein.

[…]Nicole Avant, a music industry executive who raised at least $500,000, served as ambassador to the Bahamas until November.

The inspector general wrote that her tenure was part of “an extended period of dysfunctional leadership and mismanagement, which has caused problems throughout the embassy.” The report said Avant spent roughly 40 percent of her time out of the country over a two-year period.

[…]Avant is now helping the Obama campaign raise money from donors in Hollywood.

Luxembourg Ambassador Cynthia Stroum, a Seattle venture capitalist who raised $500,000 for Obama, was also criticized in an inspector general’s report, which said she sent her staff on a house-hunting mission, billed the government for bedding after being told she couldn’t and was “keenly interested” in the materials used for remodeling two bathrooms in her residence.

“Most employees describe the ambassador as aggressive, bullying, hostile, and intimidating,” inspectors wrote of Stroum.

It’s all funded by your taxes, folks. When you go to work, the government takes some of your money and this is what it gets used for.

GM laying off 1300 workers due to low Chevy Volt sales

From the Washington Examiner.

Excerpt:

General Motors Co. announced the temporary suspension of Chevrolet Volt production and the layoffs of 1300 employees, as the company is cutting Volt manufacturing to meet lower-than-expected demand for the electric cars.

“Even with sales up in February over January, we are still seeking to align our production with demand,” GM spokesman Chris Lee said. The car company had hoped to sell 45,000 Chevy Volts in America this year, according to the Detroit News, but has only sold about 1,626 over the first two months of 2012.

“GM blamed the lack of sales in January on “exaggerated” media reports and the federal government’s investigation into Volt batteries catching fire, which officially began in November and ended Jan. 21,” the Ann Arbor (Mich.) News reported.

The laid-off employees will be rehired April 23rd, when GM resumes production of the Volt.

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