Tag Archives: Health-care

Round-up of scary stories about leftists gone wild

These were all  sent to me by ECM, and are too good to pass up!

Environmentalists shut off water to farmers to save tiny fish

Excerpt:

This farmland that has seen their water supply shut off supplies half of America’s vegetables. This impacts over 38 million people. And these farmers are now unable to feed their families, unable to sell their crops, and finding themselves in food lines. They’re still paying water bills, but the water has been shut off. And for what? To keep a three-inch fish alive? Since when is a tiny fish more important than feeding America’s families?

Democrats want to expand Community Reinvestment Act

Excerpt:

A number of experts believe that aggressive enforcement of the 1970s-era Community Reinvestment Act contributed to the mortgage meltdown, and thus to the greater financial crisis, by requiring financial institutions to lend to unqualified borrowers. Now, the Democratic majority in the House of Representatives is responding to that situation by proposing to expand the scope and power of the Community Reinvestment Act.

This morning House Financial Services Committee chairman Rep. Barney Frank held a hearing on H.R. 1479, the “Community Reinvestment Modernization Act of 2009.” The bill’s purpose is “to close the wealth gap in the United States” by increasing “home ownership and small business ownership for low- and moderate-income borrowers and persons of color.” It would extend CRA’s strict lending requirements to non-bank institutions like credit unions, insurance companies, and mortgage lenders. It would also make CRA more explicitly race-based by requiring CRA standards to be applied to minorities, regardless of income, going beyond earlier requirements that applied solely to low- and moderate-income areas.

Is Obama planning an amnesty to give illegal immigrants health care?

Excerpt:

President Obama said this week that his health care plan won’t cover illegal immigrants, but argued that’s all the more reason to legalize them and ensure they eventually do get coverage.

He also staked out a position that anyone in the country legally should be covered – a major break with the 1996 welfare reform bill, which limited most federal public assistance programs only to citizens and longtime immigrants.

Man faces jail for hurting burglar who threatens his family (Link FIXED!)

Excerpt:

A millionaire businessman is facing jail for attacking a career criminal who had held his family hostage at knifepoint.

Munir Hussain, 52, was told he would be killed when three raiders invaded his home.

Obama removed political content from speech to students

Excerpt:

When conservatives complained that President Obama intended to indoctrinate children with his school speech, liberals howled with mock indignation.

But if the liberal Washington Post is to be believed (admittedly a risky proposition), conservatives had good reason to worry.

ECM sent some even better stories about marriage, parenting and courtship, but I’m keeping those for the weekend! They’re awesome!

Senate Democrats contemplating new $40 billion tax on health care innovation

TigerHawk has a post about a tax being considered for medical device companies. (H/T Lex Communis)

Excerpt:

As we have long predicted on this blog, the health care “reformers” propose to finance at least part of the “savings” or new benefits — it is impossible to know which — by decreasing the rate of return on medical technology. There are many ways in which this might be done, but the Senate Democrats are proposing to do so directly, by levying a “value added tax” on medical device companies according to their proportion of U.S. sales. This tax would be without regard to profitability, so it would amount to a capital tax on start-ups and a massive income tax surcharge on profitable companies, varying as net margins do. In the case of my own mid-sized company, the tax would be the equivalent of a roughly 20% surcharge on our net income (in all likelihood raising our economic tax rate well above 50%) or 50% of our research and development budget, depending on how you want to look at it.

Any way you look at it, the proposed tax is a calculated effort to divert capital from the medical technology industry to other uses in the economy, because new medical technology drives costs that are now going to be assumed by the government (or at least will be if the Senate leadership gets its way). Of course, innovative medtech also extends and saves lives, and makes them more comfortable and more productive. Which is, after all, the point of medicine.

Know what would be great? If a bunch of silver-spoon bureaucrats invented something that might actually save lives instead of meddling in the financial affairs of medical innovators.

Some of the companies that would be affected are listed in this Wall Street Journal article.

Friday night funny: hijacked, TOTUS, teh kitteh, new weapon

This one is from commenter Shalini (“Shal”).

Mexican pastor hijacks plane because of date.

That one was the funniest thing I saw all week!

From IMAO.us:

garry-uh-uh

More from IMAO.us:

pass-my-bill

And also from IMAO.us, a prototype of Frank J.’s advanced weapon design.

fred

Gotta nuke something!

Happy Friday!