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Guest Post: Blue Shield Of California To Hike Insurance Rates Up To 20%

Tyler Durden's picture


Submitted by Mike Krieger of Liberty Blitzkrieg

Blue Shield Of California To Hike Insurance Rates Up To 20%

Good thing there is no inflation, you know, except in every single thing every single American needs to buy to survive that is!  The hits just keep coming for California, America’s very own Greece.  Remember the article I posted a couple of days ago titled: Payday Loans in California: School Districts Owe $1 Billion on $100 Million Borrowed.

Now we find out from the LA Times:

Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums.

In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%.


That should be a real boon for California’s economy.  Meanwhile…

Some other states limit how much surplus can be held by nonprofit health plans. Other regulators press nonprofit insurers to return more money to consumers and the community overall since their stated mission is to serve the public good. Washington’s insurance commissioner has said the two big nonprofit Blue Cross and Blue Shield plans there hold enough surplus to allow a portion of it to be used to reduce rates.

Wait a minute.  This is a “non-profit?”  It is truly amazing that whenever I think this ghetto economy we have couldn’t be more screwed up, it immediately proves me wrong.

Full article here.


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Thu, 12/13/2012 - 20:33 | 3061329 NoDebt
NoDebt's picture

If you think it's expensive now, just wait until it's free!

Thu, 12/13/2012 - 20:36 | 3061338 francis_sawyer
francis_sawyer's picture

Sounds more like "Red Shield" kind of usury to me...

Thu, 12/13/2012 - 20:44 | 3061358 Looney
Looney's picture

I was going to type “Berk” instead of “Bernanke”, but decided to look it up first. Guess what, ZeroBoys and ZeroGirlZ?

According to the Oxford English Dictionary, BERK has two peculiar connections:

“1930s: abbreviation of Berkeley or Berkshire Hunt, rhyming slang for 'cunt'.”  ;-)


Thu, 12/13/2012 - 20:48 | 3061373 TruthInSunshine
TruthInSunshine's picture

This is much ado about nothing.

If you are worried about "spiking costs of living" you are doing it wrong; give up eating, the need for gasoline, electricity & other energy, stop consuming medical care & don't even think about tuition for a university degree, and buy lots of 156" 3D LED HDTVs and iGadgets, bitchez.

I'm eating an iPad Mini right now for dinner, and it's delicious.

Thu, 12/13/2012 - 21:07 | 3061436 kaiserhoff
kaiserhoff's picture

How is that hollandaise sauce app?  I've been meaning to try it.

I hate regulation, but how about this.  No one working for a NOT FOR PROFIT outfit gets paid more than $30,000 per year.  Watch the rats scramble.

Thu, 12/13/2012 - 21:25 | 3061468 knukles
knukles's picture

They need to increase rates... they gotta pay campaign contributions, too...


And that 30K cap applies to gubamint workers, too

Thu, 12/13/2012 - 21:35 | 3061510 icanhasbailout
icanhasbailout's picture

Let's run around and break all the windows in California and really pump that economy.

Thu, 12/13/2012 - 22:04 | 3061596 akak
akak's picture

They tried that already, back in '92 after the Rodney King trial.

Funny, didn't seem to work too well.

Thu, 12/13/2012 - 22:21 | 3061644 willwork4food
willwork4food's picture

Yea, but the riots sure improved the MSN bottom lines!

Fri, 12/14/2012 - 03:19 | 3062014 mkkby
mkkby's picture

Who knew that "sliding into the ocean" was really a metaphor for this economic suicide.

Thu, 12/13/2012 - 21:39 | 3061520 laserjock
laserjock's picture

You're a simpleton.

Thu, 12/13/2012 - 22:47 | 3061720 jumbo maverick
jumbo maverick's picture

Try this on for size. When obunghole got elected I wrote a letter to the CEO of the charity that I donate to, well used to donate to. Basically I let the charity know that from now on they don't get a cent from me because Washington dc is to reckless with their spending and too thuggish with their thievery.
So with self preservation in mind I gots to look out for me an mine first. It sucks and it's selfish but imagine the message sent if everyone just stopped donating to charity and letting the charitable organizations know why. Things could change?

Fri, 12/14/2012 - 10:16 | 3062413 Calculated_Risk
Calculated_Risk's picture

I tell people I already donate to charity. With my 50%+ taxes, I donate to build new schools and infrastructure in

 Iraq, pay for free phones, pay for companies to buy votes... my charitable contribution list is endless, just ask "uncle" sam!

Fri, 12/14/2012 - 10:36 | 3062487 tango
tango's picture

I just can't.  We personally support 3 orphans plus help returning vets.  Since the feds refuse to do simple things (like allowing vets to take over abandoned homes going to pot for cost) and wastes money that could properly be spent on kids who truly need it (vs Obamaphones), citizens are forced to step up to the plate. Cutting off the flow of taxes to the DC black hole is one thing.  Cutting off funding for kids and vets is another.

Fri, 12/14/2012 - 02:48 | 3062003 sharky2003
sharky2003's picture

I'd be interested in seeing your reaction at the kind of nursing care a salary of 30k gives you.

Thu, 12/13/2012 - 21:18 | 3061469 DaveyJones
DaveyJones's picture

luckily, there are no jobs thus no need for a degree. Honest and consistent

Fri, 12/14/2012 - 00:12 | 3061893 jerry_theking_lawler
jerry_theking_lawler's picture

what....not even for a media and social specialist...???

Fri, 12/14/2012 - 00:57 | 3061938 Antifaschistische
Antifaschistische's picture

Has ZH mentioned that THIS YEAR (2012) Health Care Contributions by employers will be included on your W2.  It's a meaningless figure at this point, because the Sheeple will just ooohhh and ahhh about that number.  Next up...Health Care Contributions included in your taxable income.  This year, is the dry run where the IRS stacks you up.  Soon, you get mowed down.

Fri, 12/14/2012 - 07:13 | 3062104 Mark Wilson
Mark Wilson's picture

We just had a meeting Wednesday at work about this. My employer is seriously considering just cutting us a check for what they would have sent the insurance company and letting us get our own insurance if we choose to do so. Small company, less than 40 employees. It costs our company over $17K per MONTH for employee health insurance. Un-fucking-believable.   

Fri, 12/14/2012 - 08:05 | 3062140 youngman
youngman's picture

You know a lot of people voted for Obama and the Health care plan...small business too...NOW they are going to find out the Utopia they thought they were getting will not will pu some out of business...but will they learn from their bad they won´t...they will still vote for the Socialists because to them it feels good...Kumbayah

Fri, 12/14/2012 - 13:58 | 3063184 DaveyJones
DaveyJones's picture

it's a theytopia not a utopia or metopia

Thu, 12/13/2012 - 21:16 | 3061463 Id fight Gandhi
Id fight Gandhi's picture

Good video/cartoon.

Thu, 12/13/2012 - 23:33 | 3061822 Chuck Walla
Chuck Walla's picture

It is amazing that people who think we cannot afford to pay for doctors, hospitals and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.


~ Thomas Sowell


Thu, 12/13/2012 - 21:36 | 3061515 AmCockerSpaniel
AmCockerSpaniel's picture

And the GOP wants private insurance over SS?  It's better with a middle man taking his cut.

Fri, 12/14/2012 - 10:40 | 3062498 tango
tango's picture

Considering SS is over $150B in the red this year alone, I wouldn't put too much trust in this boondoggle.  After all, in an astounding case of intellectual dishonesty, the government forces private firms to balance their books or face legal consequences, unlike themselves.  

Thu, 12/13/2012 - 22:13 | 3061616 J 457
J 457's picture

I received a letter from Anthem Blue Cross last week informing me of another increase effective Feb 2013.  This one for 24.6%.  This is the third such increase in three years, and according to Anthem all the result of Obamacare.  My premiums have increased 110%, and total out of pocket for health care 140% increase in last three years. I have myself, my wife, and two healthy kids under the policy.  All of us in good health.  Meanwhile, my wages have steadily declined since 2008. 

Fri, 12/14/2012 - 02:58 | 3062007 Stranded Observer
Stranded Observer's picture

I used to have Anthem.  Those cocksuckers nearly doubled my monthly payment over three years.  It reached the point where i had to drop it.  They priced me out.  And I never even used it one time.  It ended up being like 4500 bucks I flushed down the fucking toilet for nothing.  

I'd love to have that money back let me tell you.

Fri, 12/14/2012 - 11:37 | 3062719 monogratis
monogratis's picture

My Anthem premiums also increased 24.6% starting Feb 2013.


However, they did cover me for a $35,000 dollar hospitalization and surgery that saved my life... and I only had to pay $2500.  So, as much as I hate these bastards, not having health insurance would have been worse.  

Consider yourself lucky you didn't have any hospitalization Stranded Observer.

Fri, 12/14/2012 - 12:54 | 3062985 Stranded Observer
Stranded Observer's picture

I do consider myself lucky that I have remained in relatively good health and have not been a victim to any unlucky accidents.  But in regards to the health insurance, as much as it was raised, I simply could not afford it any longer.  And I don't own any frivolous iCrap either.  I'm fairly frugal.  If something happens to me, which happened to you (and I am most certainly glad it worked out okay for you), they will just have to let me die.  Which is okay too I suppose.  On a long enough timeline.  Its probably my fault I didn't learn to make enough money or be heartless enough to be a greedy banker.  

Fri, 12/14/2012 - 02:26 | 3061994 Atomizer
Atomizer's picture

20% increase, where do I sign up? I need to redistribute my income to help others. Grandpa Buffet told me so.

Penn & Teller: Bullshit! Explain Wealth Redistribution


Fri, 12/14/2012 - 04:57 | 3062056 Hobbleknee
Hobbleknee's picture

Exactly.  70% of my income goes to "free" health care in Sweden.

Fri, 12/14/2012 - 11:38 | 3062722 monogratis
monogratis's picture

But your wages are much higher.

Fri, 12/14/2012 - 07:25 | 3062113 flattrader
flattrader's picture

>>>Wait a minute.  This is a “non-profit?”  It is truly amazing that whenever I think this ghetto economy we have couldn’t be more screwed up, it immediately proves me wrong.<<<

The Blues operate under a special charter.  At some point in time, they stopped operating for the benefit of the insured and began operating for the benefit of the highly paid quasi-corporate administrative pigs who run the Blues.  I know an accountant who worked for one of the state Blues and she was appalled.

Non-profit cooperatives are a better model.  Many still operate as true cooperatives in the upper Midwest MN WI IA because their state laws allow it.

>>>New Generation Health Cooperatives

These relatively new health cooperatives are a build-out from a co-op business model firmly anchored in Minnesota and North Dakota but are now in vogue throughout the agricultural Midwest.

In these co-ops, various groups of people such as farmers, steelworkers and small business owners voluntarily band together to form a pool of members that can purchase health care insurance and services with more market strength than members' trying to purchase health coverage by themselves.

Wisconsin leads the nation in these small health care purchasing co-ops, inspired by a 2003 Wisconsin law that should be replicated by Minnesota and other states. Oemichen said there are currently four small business co-ops, two primarily urban and two primarily rural; one steelworkers union co-op; another (ironically) for health care professionals seeking better, more cost-effective insurance; insurance pools for farmers, and two school district co-ops. Four more NGC-Health co-ops are under development at the present time in Wisconsin that will make 14 such enterprises.

The benefits so far have been in tempering costs and expanding coverage to hard-to-insure members, Oemichen said. The NGC-Health co-ops have had an impact in lowering and "plateau-ing" premiums, he said, "and they have improved benefits offered by competitors. In this case, they do bring competition to the market."<<<

That model may soon re-emerge due to changes in Federal law.

Thu, 12/13/2012 - 20:39 | 3061330 Chupacabra-322
Chupacabra-322's picture

We, in turn, are watching him very closely and find his narcissistic and reprobate ways repugnant to everything this country has and should stand for. He does not intimidate me one single bit. He lies like the devil. He has the worst domestic and foreign war policies (murdering innocent people weekly) of any President ever to occupy the Office. Obama throws million dollar parties while the nation is imperiled with financial and economic problems that were Globalist engineered.

He is so corrupt any country with balls would have screamed for his impeachment and sent him packing before the fixed election. This loser wants to mandate ObamaCare and 125 mandatory vaccines on people. He let Big Pharma and the Health Care Industry write the bill. Dr. Blaylock is right on the money. He wants to destroy what is remaining of private care and socialize and mandate everything. What with be next year’s New Year’s Eve Present, the NDAA Part Deux, The Final Solution? Or will it be that everyone will be forced to wear RFID tracking bracelets? I know pure deception and evil when I see it and so do many outstanding members of the military.

Simple Health Secrets the Globalists Don’t Want You to Know: Full HD Special Report

Dr. Russell Blaylock.

Thu, 12/13/2012 - 20:47 | 3061369 economics9698
economics9698's picture

Damn doc that was really deep, here in the intellectual gutter we just refer to him as the NWA.


Thu, 12/13/2012 - 23:42 | 3061814 TruthInSunshine
TruthInSunshine's picture

The shit storm has only begun. It's truly amazing at how much velocity the deterioration is going to gain. The Sheeple will be shell shocked within a year, even the most formerly comfortably numb.

Obamacare taxes/fines are also going to be a nasty, nasty surprise for  many. They have no idea how nasty b/c they really haven't been paying attention. Hell, the PREMIUMS and co-pays on that "free" Obamacare ARE GOING TO BE MORE than what they're currently paying for private insurance premiums and co-pays, and they WON'T BE ABLE TO OBTAIN that private insurance once Obamacare kicks in fully (employers are going to drop insurance benefits left and right, however they do it):


"If you think health care is expensive now, just wait until it's free." 

-- P.J. O'Rourke

Keep in mind that these are not these are not the estimates of some anti-Obama group, but of The Kaiser Family Foundation, which describes itself as follows:

A leader in health policy analysis, health journalism and communication, the Kaiser Family Foundation is dedicated to filling the need for trusted, independent information on the major health issues facing our nation and its people.  Kaiser is a non-profit, private operating foundation focusing on the major health care issues facing the U.S., as well as the U.S. role in global health policy.  Unlike grant-making foundations, Kaiser develops and runs its own research and communications programs, sometimes in partnership with other non-profit research organizations or major media companies.


We serve as a non-partisan source of facts, information, and analysis for policymakers, the media, the health care community, and the public. Our product is information, always provided free of charge — from the most sophisticated policy research, to basic facts and numbers, to information young people can use to improve their health or elderly people can use to understand their Medicare benefits.


The Kaiser Family Foundation is not associated with Kaiser Permanente or Kaiser Industries.

Unaffordable Cost Seen for Some Under Affordable Care Act

...The landmark health-care law, which survived the threats of repeal and a Supreme Court review, now confronts another hurdle: living up to expectations. As the administration spells out the details, many uninsured will be surprised at how much they will have to pay. It may involve “very substantial amounts,” and “there still will be a significant number of people who can’t afford health coverage,” said Ron Pollack, head of Families USA, a consumer group that backs the law.


A family of four earning $75,000 will pay $7,125 in annual premiums and as much as $8,333 in co-pays and deductibles, according to a preliminary estimate by the Kaiser Family Foundation. A single 40-year-old earning $30,000 will pay $2,509 in premiums and as much as $3,125 in cost sharing. For a 60- year-old making $40,000, the amount will be $3,800 in premiums and up to $4,167 in out-of-pocket costs, according to Kaiser.

Do you see? All those Everest, & University of Phoenixicans, who are extended-extended-unemployed or making minimum wage will be covered, families will catch that much needed "break," and seniors will rejoice! That family of 4 pulling down 75k will be thrilled to pay 15 1/2 k a year (or 20% of their total income). Those MANDATORY premiums and co-pays are only equal to an approximate 212% of most peoples' net-negative savings/extra cash!!! Wait until companies use the most ingenious methods to drop people from private or privately administered insurance onto the O-care dole.

Fri, 12/14/2012 - 00:07 | 3061884 BraveSirRobin
BraveSirRobin's picture

My employer has a Cadillac plan. We have been told our benefits will be reduced to conform to the ACA requirements to avoid a highly punitive tax on such plans. We were proud of our benefits package and used it as a recruitment and incentive package, but cannot afford it under the ACA. Now we cannot compete on that basis with our competitors for high quality, and in our case, usually highly experienced and more senior personnel. In addition, we had an medical plan opt out provision which employees could use if they had alternate coverage. In return, we paid either increased wages or gave more paid vacation. Our interpretation of the ACA led us to drop the opt out provision and force everyone onto our plan, again, leading to a less flexible compensation system we also used to recruite and retain superior talent.

As a result, we have employees actively considering going into a 1099 status to recoup lost benefits. I guess if these guys make the move, they will probably be counted as new jobs created.

Fri, 12/14/2012 - 08:13 | 3062145 overmedicatedun...
overmedicatedundersexed's picture

robin, much like your co, mine just had meetings on benefits Due to O bum a care:

we will be cutting hours for our student workers to keep them from working more than 30 hours in any pay period, if they do we have to offer full benefits per ACA..these kids need every cent and beg for more hours now, now they pay for voting this turd in.

Our HSA will be stopped per ACA d/t high compensation issues conflict with the new regs

looked at 1099 our high paid staff, but in Maryland if you have 1099 for what the state claims are full time workers they must be paid as full time staff and cannot be paid on 1099 self employed status..go figure

our ins costs went up 25% or over $1000/month per person

this is going to hit very hard folks who support ACA will pay with the rest of us Tax units.

sick of health laws in USSA. and no ins coverage for that..

Fri, 12/14/2012 - 11:15 | 3062611 tango
tango's picture

This is the PERFECT example of how our government treats producers.  The old norm of mostly producers with few takers has reversed and producers find themselves paying more and more (for the common good, of course). As they are squeezed tighter, spending will drop and/or they'll go deeper into debt.  It's so...effing clear.  

The alleged purpose of Obamacare was lower costs (lol) but the real purpose was "federalizing" insurance - the last industry regulated by the state. I've consulted for insurance companies and they are slicing personnel fast.  Why have salesmen when your client is the fed?  Why keep all those who used to check our prospective clients since pre-existing conditions are gone. And with subsidies from the feds, anyone can get insurance (as long as they're poor).  

Thu, 12/13/2012 - 20:34 | 3061334 LongSoupLine
LongSoupLine's picture

I'm sure that $3.9B was all put into aapl by some "real smart people". With that, they truly are a

Thu, 12/13/2012 - 20:35 | 3061335 Dr. Engali
Dr. Engali's picture

Shit ours is going up 22% this year after a 15% increase last year. To top it off I will turn 50 so I'll get another bump mid year. I live a heathy lifestyle and I've never made a claim. We carry a high deductable health savings plan, if I wasn't a husband and father I would drop it.

Thu, 12/13/2012 - 20:42 | 3061356 trollin4sukrz
trollin4sukrz's picture

Might as well drop it.. doctors are dangerous and hospitals are a great place to get sick.. 

Thu, 12/13/2012 - 20:46 | 3061368 akak
akak's picture

That is the very first comment you have made here that I neither downvoted nor wanted to.

Thu, 12/13/2012 - 20:48 | 3061374 trollin4sukrz
trollin4sukrz's picture

Do I know you? WTF you doing talking to me?

Thu, 12/13/2012 - 20:51 | 3061387 economics9698
economics9698's picture


Thu, 12/13/2012 - 20:52 | 3061389 NoDebt
NoDebt's picture

It's OK, akak, I took care of it for ya.


Thu, 12/13/2012 - 23:19 | 3061785 smiler03
smiler03's picture

Oh woopee.. what a wonderful man you are. Supporting your fellow brainless contributor. He's probably very grateful, he is after all, a moron too.


Are you from Texas?

Jumping the shark, this gets worse day by day.

Thu, 12/13/2012 - 20:58 | 3061409 akak
akak's picture

(Must have been a fluke.)

Thu, 12/13/2012 - 21:26 | 3061484 francis_sawyer
francis_sawyer's picture

Sharia Law considers insurance a form of USURY...


It was when I understood that, (& dwelled upon it), the perceptions of francis_sawyer changed on a myriad of things [ESPECIALLY ~ towards the bloated & exaggeratedly adversaries of such thought]... That's not a broadbrush endorsement... Instead ~ Just sayin'...

Thu, 12/13/2012 - 21:44 | 3061528 mess nonster
mess nonster's picture

Sharia law also says that if you dont use something, after seven years someone else can use it.

The reason Jews aren't Muslims is, all these laws against usury and hoarding cramp their style.

Fri, 12/14/2012 - 11:29 | 3062693 tango
tango's picture

(1) If you got a hardon for Sharia, move to Saudia Arabia.   (But of course, they wouldn't allow any form of disagreement or protest.)

(2) All those praising Islam for its interest rules are clueless.  The idea that banks should not charge interest only rose recently since previously all loans were considered personal. Some form of interest has ALWAYS been charged - work contract, advantageous business deal, "gifts" to the lender or (the vast majority) plain interest via third party. (Many used Jewish merchants as fronts - intellectual hypocricy 101).  

I taught English to Muslims from Iran and Irag and they were amused at the idea of loans without interest.   They had a saying - "Only with family - never with family".

Thu, 12/13/2012 - 21:22 | 3061482 DaveyJones
DaveyJones's picture

My favorite law professor, then an old guy, took off his glasses, interrrupted his lecture, and said, if you remember one thing about insurance companies class remember this, they're not insurance companies, they're investment companies.


Thu, 12/13/2012 - 22:28 | 3061668 willwork4food
willwork4food's picture

Absolutely. How Congress could possibly allow  "Non-Profits" to exist such as these obvious money manager sharks, is totally beyond me.

Thu, 12/13/2012 - 22:52 | 3061738 blunderdog
blunderdog's picture

Insurance is like all kinds of crazy heavy regulated.  It was the minute they put on "Bankers Gone Wild" to do all the same stuff that things got strange.

Fri, 12/14/2012 - 10:42 | 3062510 Calculated_Risk
Calculated_Risk's picture

They're casinos making bets on your health.

Thu, 12/13/2012 - 21:53 | 3061550 DaveyJones
DaveyJones's picture

cause you're not paying for you, you're paying the amortized risk for (1) the fat people (2) the fat corporations (3) the smoking people (4) the smoking corporations (5) the dishonest people, (6) the dishonest government and (7) any other possible risk, cost or other factor which has no connection to your good judgment

Fri, 12/14/2012 - 01:38 | 3061963 Blizzard_Esq
Blizzard_Esq's picture

I have Blue Cross and live in California. Its going up 22.0% for me as well. Also, most surprisingly it has more than doubled in 3 years!!!

Fri, 12/14/2012 - 09:45 | 3062306 TruthHunter
TruthHunter's picture

"I have Blue Cross and live in California. Its going up 22.0% "

Can we all scream MEDI-BUBBLE!

Thu, 12/13/2012 - 20:36 | 3061337 Body of Lies
Body of Lies's picture

My carrier ... BS in Cali

Thu, 12/13/2012 - 20:44 | 3061361 1100-TACTICAL-12
1100-TACTICAL-12's picture

"All the leaves are brown & the sky is gray"

Thu, 12/13/2012 - 21:20 | 3061471 Yes_Questions
Yes_Questions's picture




damn, then this came to mind:

Hear the salvation army band 
Down by the riverside, it's bound to be a better ride 
Than what you've got planned 
Carry your cup in your hand

And look around, leaves are brown now 

And the sky is a hazy shade of winter  

Different band, but still..

and +1


Fri, 12/14/2012 - 00:30 | 3061914 Race Car Driver
Race Car Driver's picture

But I miss you most of all ... when autumn leaves start to fall




Thu, 12/13/2012 - 20:36 | 3061341 onewayticket2
onewayticket2's picture

+20% right on the heels of their self imposed tax increases, year after year.

at some point, you'd think california would wake up.

Thu, 12/13/2012 - 22:20 | 3061635 JR
JR's picture

Californians did wake up, in 1994, and passed Prop 187 – the Save Our State Initiative – that absolved California residents from financing the schooling and health care of illegal immigrants. It also stepped up labor law and border enforcement.

A single federal judge blocked its implementation.

President Bill Clinton (1993 to 2001) and VP Al Gore then rushed to the California/Mexico border and immediately began granting more than 1 million Mexicans citizenship as did Democrats such as Representative Sam Farr in  Monterey Country.

In 1998, President Clinton, in a now-famous address to students at Portland State University, remarked:

Today, largely because of immigration, there is no majority race in Hawaii or Houston or New York City. Within five years, there will be no majority race in our largest state, California. In a little more than 50 years, there will be no majority race in the United States. No other nation in history has gone through demographic change of this magnitude in so short a time ... [These immigrants] are energizing our culture and broadening our vision of the world. They are renewing our most basic values and reminding us all of what it truly means to be American.

Now, 18 years later, there no longer is a “59 percent” majority vote to pass a “Save Our State” initiative. Already the white population of California has fallen to 39.7 percent with the Mexican population gaining on its heels at 38.2 percent; California's color majority electorate was able to vote in a veto-proof,  two-thirds majority Third World/liberal legislature in November, bent on heavy tax increases.

Wrote The Atlantic in 2009:

The Election of Barack Obama is just the most startling manifestation of a larger trend: the gradual erosion of “whiteness” as the touchstone of what it means to be American. If the end of white America is a cultural and demographic inevitability, what will the new mainstream look like—and how will white Americans fit into it? What will it mean to be white when whiteness is no longer the norm? And will a post-white America be less racially divided—or more so? …

Whether you describe it as the dawning of a post-racial age or just the end of white America, we’re approaching a profound demographic tipping point. According to an August 2008 report by the U.S. Census Bureau, those groups currently categorized as racial minorities—blacks and Hispanics, East Asians and South Asians—will account for a majority of the U.S. population by the year 2042. Among Americans under the age of 18, this shift is projected to take place in 2023, which means that every child born in the United States from here on out will belong to the first post-white generation.

President Obama has continued the ongoing  replacement of white America with Third World immigration, filing suit in 2010 against Arizona to block her from trying to protect her border, calling SB1070 anti-immigrant and anti-civil rights law.

Thu, 12/13/2012 - 20:38 | 3061344 tooriskytoinvest
tooriskytoinvest's picture

55 Reasons Why California Is The Worst State In America And The Entire State Is Rapidly Becoming A Bright, Shining Example Of Everything That Is Wrong With America

Thu, 12/13/2012 - 21:02 | 3061418 Midas
Midas's picture

Does that make it 57th?

Thu, 12/13/2012 - 21:15 | 3061461 unrulian
unrulian's picture

ahh no that would be Canada

Thu, 12/13/2012 - 20:38 | 3061346 ball-and-chain
ball-and-chain's picture

When I was a kid, a family could afford insurance.

But now it's just getting ridiculous.

That's how socialism takes over.

Stuff starts getting way expensive, and slobs like me leave it to the government.

I can't swing the price.

That the truth.

So shoot me.

Thu, 12/13/2012 - 21:08 | 3061441 Bohm Squad
Bohm Squad's picture

Modern healthcare makes our kids stronger...just the other day I was thinking, when I was young, I couldnt' even carry $10 worth of groceries...but today's kids can carry $20 of groceries in one hand, no sweat! 

Thu, 12/13/2012 - 21:23 | 3061485 Yes_Questions
Yes_Questions's picture



I tell my workmates I have to get home to let the dog out, but, nah, its really for posts like this.


Thanks for the laugh!



Thu, 12/13/2012 - 21:13 | 3061453 sgorem
sgorem's picture


Thu, 12/13/2012 - 20:38 | 3061347 Fredo Corleone
Fredo Corleone's picture

California here I come
Right back where I started from
where bowers of flowers
bloom in the spring
each morning at dawning
birdies sing at everything
a sunkissed miss said, "Don't be late !"
that's why I can hardly wait
open up that golden gate
California, Here I come !

What would Jolson think today ?

Thu, 12/13/2012 - 20:38 | 3061348 Bunga Bunga
Bunga Bunga's picture

But but but they said the housing bottom is in.

Thu, 12/13/2012 - 20:40 | 3061351 EscapeKey
EscapeKey's picture,27011/

Aetna Inc. (AET)

$35.50 (+$0.24) (+0.68%) Confidence in the company increased after laughing executives simply said, “Obamacare,” and raised premiums 20 percent.

Thu, 12/13/2012 - 20:40 | 3061352 Insideher Trading
Insideher Trading's picture

Blue shield has 3.9 billion set to the side. They don't HAVE to raise premiums.

I bet the Obama administration leaned on them to this to purposefully to make insurance unaffordable so as to make people NEED to rely on the government.

This is fascism, no, crony capitalism

Thu, 12/13/2012 - 20:57 | 3061404 surf0766
surf0766's picture

Statism,  leaving socialism for communism

Thu, 12/13/2012 - 21:17 | 3061466 sgorem
sgorem's picture


Thu, 12/13/2012 - 22:12 | 3061615 socalbeach
socalbeach's picture

You can change votes.

Thu, 12/13/2012 - 20:44 | 3061363 Chupacabra-322
Chupacabra-322's picture

John D. Rockefeller's Bastard Child -- Allopathic Medicine

 thought it was a well known story, but I find that the education of my youth is not much available any longer -- so well have the allopaths wiped out honest history.

Single-handedly John D. Rockefeller destroyed the prevailing medical model and created the new one -- allopathic medicine. The primary result of this activity was that his crude oil, worth perhaps a nickel per gallon, suddenly, turned into medical drugs, was worth millions of dollars per gallon. The initial changes in medicine seemed good, but the sinister and hidden purpose behind his millions of dollars of donations -- they are what we see today in the modern medical model -- based on drugs that don't cure, but increase the disease of mankind.

This page brings you the story about how John D. Rockefeller destroyed medicine. If you are old, like me, you have read this before. But, if you are a youngster, you may have never seen this before.


Thu, 12/13/2012 - 22:10 | 3061613 john39
john39's picture

all by design. now be a good sheeple and go special nwo flu shot full nwo goodness.

Thu, 12/13/2012 - 20:46 | 3061370 lemonobrien
lemonobrien's picture

i don't know how people are able to pay insurance premiums in California.

Thu, 12/13/2012 - 21:20 | 3061475 Bohm Squad
Bohm Squad's picture

Maybe if some out-of-state competition were allowed...oh wait...nevermind...forgot we were talking about insurance.

Thu, 12/13/2012 - 20:46 | 3061371 I am Jobe
I am Jobe's picture

At federal government agencies, survey finds sagging job satisfaction

Fri, 12/14/2012 - 07:45 | 3062128 DosZap
DosZap's picture

At federal government agencies, survey finds sagging job satisfaction


Poor,poor babies......................if they do not like the cushy pay, (even w/ the freeze),let em try WalMurt.

That $75k avg, and great bennies makes 47 million SNAP users SO SAD.

Thu, 12/13/2012 - 20:49 | 3061378 jomama
jomama's picture

i dropped them because those fucks always try to deny my claims and way they can, even though I paid for the best PPO they offered.

Thu, 12/13/2012 - 20:51 | 3061382 g3h
g3h's picture

Yeah. We are meat on the chopping board.

Thu, 12/13/2012 - 21:26 | 3061490 DaveyJones
DaveyJones's picture

that's what they do for a living.

Thu, 12/13/2012 - 23:22 | 3061795 blunderdog
blunderdog's picture

Get into insurance now, I'm sure.  There's going to be a brief period when the gummit gets savagely raped for all the best legal exploits.

If you're a big clumsy insurance loser that can't get out of your own way, watch out.

Fri, 12/14/2012 - 07:45 | 3062127 flattrader
flattrader's picture

Smart that you dropped them.

They are masters at denying claims and also deny the start of care and treatment to critically ill individuals and over-ride physicians orders.

For the Tea Pary idiots here that thought death panels were coming, they have been here for a long time at the Insurance Co. HQs.


Thu, 12/13/2012 - 20:51 | 3061379 g3h
g3h's picture

This shows some form of Obamacare is needed.


Insurance companies fuck with individuals first where they have no bargaining power.  I've been ripped off for years.

Thu, 12/13/2012 - 20:52 | 3061385 guinea
guinea's picture

You're an idiot.  

Thu, 12/13/2012 - 21:04 | 3061428 AllWorkedUp
AllWorkedUp's picture

Yep, and we wonder why this country is forked. The glaze over the eyes just gets thicker.

Thu, 12/13/2012 - 21:12 | 3061450 g3h
g3h's picture

Perhaps a happy one.

Thu, 12/13/2012 - 21:04 | 3061430 trillion_dollar...
trillion_dollar_deficit's picture

Youre a fucking moron. Rates are rising precisely because of Obamacare. The law MANDATES actuarial models pointless due to the fact that anyone can buy in at any time without question. Therefore reserves are being built-in since theres no accurate way to determine how much they will have to pay out in a given time frame. The law is designed to implode the insurance market so the only option left is for everyone to come running to the government for a madicare-like solution.

Let me guess, you probably also think this atrocity of a law will save the country money too. 

Thu, 12/13/2012 - 21:16 | 3061459 g3h
g3h's picture

The insurance companies have fucked with me long before Obamacare.  Sure Obamacare is bad.  But the insurance companies don't give a rat's ass about if I am healthy before any mandate.  In fact, I have not seen a doctor for years.  But my premium has been rising 15% per year.

I have no doubt Obamacare made things worse.  But the Republicans and the insurance companies had not done shit for these years except talking and making money.

We are going down no matter what.

Thu, 12/13/2012 - 21:43 | 3061506 DaveyJones
DaveyJones's picture

neither party is your friend. Just like Dick and his oil friends, Obama had lots of secret (exempt from public disclosure) meetings with insurance and drug, the two most powerful factors in corruption, cost increase, and competition kill. The administration knew these boys run the system(s) and knew they needed tham on board before they could win some token legislation. This token legislation, at least in the opinion of honest health experts has only made health care worse and more expensive. Like banking, Matt Taibbi has written some interesting things on the subject but so has a number of genuine folks.        

Thu, 12/13/2012 - 23:05 | 3061760 willwork4food
willwork4food's picture

+10. It is NOT because of Obama that rates are continuing to skyrocket; a simple check of historical medical cost charts will prove that. I'm going to put my dick on the ZH chopping block and say that there a A LOT of people that simply cannot afford the current rates , individual or family, even if they are young and in excellent health. God forbid if they have past medical issues.

 I don't blame g3h or others one bit for latching on to something that will save their family or their own asses. This is a well placed politcal gambit that insures allegience to the traitors in DC, even at the expence of the people's future.

 The bottom line: Lower health care costs= lower quality health care.

Thu, 12/13/2012 - 23:17 | 3061786 Yes_Questions
Yes_Questions's picture




You get to keep your dick.



Thu, 12/13/2012 - 23:36 | 3061802 willwork4food
willwork4food's picture

5.877".......about right, soft. Thanks.

Thu, 12/13/2012 - 23:47 | 3061855 Yes_Questions
Yes_Questions's picture



Dude, it's fight club,


And your mom has a tatoo that reads SON



Thu, 12/13/2012 - 23:55 | 3061868 willwork4food
willwork4food's picture

10" soft? Well, i hope i dont meet you in our respected FEMA camp showers..

I'm on for fight club friend. It's quality over quantity.

Fri, 12/14/2012 - 07:50 | 3062132 flattrader
flattrader's picture's like nobody here noticed the health insurance company rip-offs, denial of claims due to "pre-existing" conditions that weren't "pre-existing," denial of care and treatment by insurance cos. over-riding the orders of physicians, Insurance Comapny Death Panels at HQ, etc...

This has been going on for decades.  Suddenly NOW, it's an issue.

Thu, 12/13/2012 - 21:27 | 3061494 Zap Powerz
Zap Powerz's picture


All we need is MOAR governmen right!?  And then all of our problems will be solved.

Fri, 12/14/2012 - 08:18 | 3062143 flattrader
flattrader's picture

The 1996 Health Insurance Portability and Accountability Act saved the lives of two people I know because the insurance companies couldn't deny care by claiming "pre-existing" conditions.

Prior to that, people were denied coverage and care for the most inane and capricious reasons.

ZH posters, for supposedly being "above-average," are by and large selective political amnesiacs.

Fri, 12/14/2012 - 12:24 | 3062863 flattrader
flattrader's picture

The a-hole who junked me must work for a health ins. co.

What's wrong buddy?  Does it irk you that you can no longer deny care to sick people on a whim?  Cutting into your bonus money?


Thu, 12/13/2012 - 21:27 | 3061496 Go Tribe
Go Tribe's picture

Someone was bitching to me the other day about how their insurance company didn't want to pay for a particular treatment and so they went to a doc who didn't take insurance and they paid cash. So I said, "And you think the federal government will be any kinder to you?" Made for a very long pause.

Thu, 12/13/2012 - 21:39 | 3061521 Yes_Questions
Yes_Questions's picture



Good point, but says more about the people (voters) than the Federal Government.  


Thu, 12/13/2012 - 20:51 | 3061386 Chupacabra-322
Chupacabra-322's picture

John D. Rockefeller wanted to gain control of education, including the medical education systems. He did that with the help of Fred Gates. Fred Gates was a Baptist pastor, who left that post to become secretary of the American Baptist Education Society. Rockefeller was a devout Baptist himself, so the two were destined to meet. Rockefeller donated $600,000 to the Baptist-based Chicago University, under the suggestion of Fred Gates. (Now known as the University of Chicago Medical Center.)

In 1901 the Rockefeller Institute for Medical Research was founded. One of the names on the board of the Rockefeller Institute for Medical Research was Simon Flexner. It was Simon Flexner’s brother, Abraham Flexnor, who had one of the biggest hands in medical education reform. (Interestingly, Abraham Flexner was born in Kentucky, one of the largest growers and suppliers of hemp during WWII.)

Abraham Flexner was on the staff of the Carnegie Foundation for the Advancement of Teaching.

“As mentioned previously, the Rockefeller and Carnegie foundations traditionally worked together almost as one in the furtherance of their mutual goals, and this certainly was no exception. The Flexner brothers represented the lens that brought both the Rockefeller and the Carnegie fortunes into sharp focus on the unsuspecting and thoroughly vulnerable medical profession.” (He Who Pays The Piper – Creation of the Modern Medical (drug) Establishment; G. Edward Griffin)

(This is where the web of control and monopolization seems to be even more intertwined.)

The American Medical Association was founded in 1847 and incorporated in 1897. In the early 1900s the AMA realized that there needed to be some changes in medical education. Medical practice and education in some areas left a lot to be desired (poor training and understaffed medical schools). It created the Council on Medical Education, with the purpose of evaluating countrywide medical training and making improvements where needed. However, they didn’t have enough money to do this. Enter Rockefeller and Carnegie and their funding and popularity. The president of the Carnegie Foundation, Henry Pritchett, met with the AMA and offered to take over the entire Council on Medical Education project.

Here was the classical “philanthropic formula” at work again. Have others pay a major portion of the bill (the AMA had already done most of the work. The total Carnegie investment was only $ 10,000), reap a large bonus from public opinion (isn’t it wonderful that these men are taking an interest in upgrading medical education!), and gain an opportunity to control a large and vital sphere of American life.” (He Who Pays The Piper – Creation of the Modern Medical (drug) Establishment; G. Edward Griffin)

“—In the 1800?s the American Medical Association (AMA) resented their competitors who drove down the cost of medical care and drew away customers;
—The AMA called upon the strong arm of government force to vanquish the competition, it did so through regulating medical schools;
—A report was commissioned calling for the standardization of medical education, this was the Flexner Commission;
—The report of the Commission concluded that there were too many doctors and medical schools in America and recommended reducing the number of schools. The public outcry generated by the report convinced congress to declare the AMA the only body with the right to grant medical school licenses in the United States.” (

In 1910 the Flexner Report was published. It pointed out medical inadequacies, but it also did much more than that.

(Instead of going into more deep jargon, I’ll just give you the condensed version from here on out.)

In the late 1800s and early 1900s there were many schools that taught Eclectic medicine (botanical and herbal medicine), Holistic medicine, and Naturopathy. These schools were not in line with the pharmaceutical drug-pushing agenda of the Rockefellers and AMA. Because these schools did not sit well with the Flexnor report, they were not allowed accreditation.

Flexner clearly doubted the scientific validity of all forms of medicine other than that based on scientific research, deeming any approach to medicine that did not advocate the use of treatments such as vaccines to prevent and cure illness as tantamount to quackery and charlatanism. Medical schools that offered training in various disciplines including eclectic medicine, physiomedicalism, naturopathy, and homeopathy, were told either to drop these courses from their curriculum or lose their accreditation and underwriting support. A few schools resisted for a time, but eventually all complied with the Report or shut their doors.” (wikipedia)

The last Eclectic medical school closed in 1939.

Holistic health, botanicals and herbs, and nutritional therapy were not part of the agenda of the Rockefellers and AMA. Remember, also, that this was the time when the Rockefellers had the monopoly on pharmaceuticals and when Hemp was a huge threat to their pharma and oil investments.

Billions of dollars have been donated to American medical schools, but those dollars have not just been from Rockefeller and Carnegie. Funds also have come from Ford Foundation, Kellogg Foundation, The Macy Foundation, and others. It also appears that the main focus is study and research into pharmacology. (Where is the study of herbs, plants, nutrition, holistic health????)

Proper nutrition was not taught in medical schools as a preventative for disease; instead, drugs and pharmaceuticals were made to be part of the program to treat the symptoms, as opposed to getting to the root cause of the disease.

While doctors are forced to spend hundreds of hours studying the names and actions of all kinds of man-made drugs, they are lucky if they receive even a portion of a single course on basic nutrition. Many have none at all. The result is that the average doctor’s wife or secretary knows more about practical nutrition than he does.” (He Who Pays The Piper – Creation of the Modern Medical (drug) Establishment; G. Edward Griffin)

The Flexner report had a huge effect on alternative medicines. And where did it all start? William Avery Rockefeller and his family monopoly and investments in pharmaceuticals – and their hand in prohibiting hemp farming in the USA.

Where does hemp come into play in all this? Hempseed and hempseed oil have incredible nutritional and medicinal value. Almost any condition or disease can in some way be treated or cured with hemp. A diet rich in hemp, with the perfect ratio of Omega fatty acids, amino acids, vitamins, anti-oxidants, and nutrient density can be one of the preventative steps in delaying disease.

Thu, 12/13/2012 - 20:58 | 3061405 Tsunami Wave
Tsunami Wave's picture

If I were someone in the government, I would wiretap their decendents, and order the assassination of their entire families.

Thu, 12/13/2012 - 23:21 | 3061793 smiler03
smiler03's picture

Cut & paste award of the day. Do you really think anybody read it all?

Thu, 12/13/2012 - 23:24 | 3061803 blunderdog
blunderdog's picture

Dude, he was talkin'bout WEED, that's righteous...

Fri, 12/14/2012 - 00:38 | 3061923 Race Car Driver
Race Car Driver's picture

Idiot. Rub two thougths together and try and comprehend the size of the conspiracy... and not be a moron?


Fri, 12/14/2012 - 11:07 | 3062581 blunderdog
blunderdog's picture

You must be very proud of your thinking skills.

Fri, 12/14/2012 - 08:55 | 3062182 DosZap
DosZap's picture

John D. Rockefeller wanted to gain control of education, including the medical education systems. He did that with the help of Fred Gates. Fred Gates was a Baptist pastor, who left that post to become secretary of the American Baptist Education Society. Rockefeller was a devout Baptist himself, so the two were destined to meet. Rockefeller donated $600,000 to the Baptist-based Chicago University, under the suggestion of Fred Gates. (Now known as the University of Chicago Medical Center.)


Well,unfortunately they did not succeed in gaining control of the Educational system, look what we have now, a bunch of something for nothings,(thank you Progressives, aka Socialitistas,and Black Liberation Theology , and Prosperity Gospel BS).(the American Baptists split from the Southern Baptists in the late 50's because the Southern Baptists were too liberal, LOL)

Thu, 12/13/2012 - 20:53 | 3061392 justanothersucker
justanothersucker's picture

Business + government = Fuck the masses

Thu, 12/13/2012 - 20:54 | 3061396 j0nx
j0nx's picture

Fuuuuuck them. They voted for it. Suck it down libs.

Thu, 12/13/2012 - 20:55 | 3061397 yogibear
yogibear's picture

Obama's follwing through with Broke and Change. This president is taking us to the poor house.



Thu, 12/13/2012 - 21:29 | 3061498 Go Tribe
Go Tribe's picture

That's really all they know.

Thu, 12/13/2012 - 20:55 | 3061399 Critical Path
Critical Path's picture

"Living Standards - heading in the same direction they have for the decades leading up to the Great Recession, just much faster"

- The American Economy, post 2008


Thu, 12/13/2012 - 20:56 | 3061402 cherry picker
cherry picker's picture

If I lived in California I wouldn't pay a nickel for insurance and if I needed to see a doctor I would cross into Mexico and pay cash.  I've done it  You can buy a lot of competant medical care in Mexico for one month's premiums.

Thu, 12/13/2012 - 21:06 | 3061434 j0nx
j0nx's picture

Don't pay a nickel and show up at the ER like all the illegals. Tell them your name is Jose Jimenez. I'd love to see the look on their face when thousands of white guys show up saying their name is jose guadalupe or pancho villa or something mexican sounding. Illegals get away with it so why can't we? If they try to do anything about it then call them racists. Seems to work for everyone else these days.

Thu, 12/13/2012 - 22:23 | 3061648 socalbeach
socalbeach's picture

Bueno idea. Time to learn Spanish.

Thu, 12/13/2012 - 23:26 | 3061806 blunderdog
blunderdog's picture

Seriously?  You haven't tried that yet?

Thu, 12/13/2012 - 21:07 | 3061438 A Lunatic
A Lunatic's picture

I receive up to a 20% discount for same day cash payment from my medical/dental professionals because they do not want to deal with paperwork, insurance adjusters, or government bullshit. I get treated, they get paid and we all save time and money...........

Thu, 12/13/2012 - 22:21 | 3061643 Winston Churchill
Winston Churchill's picture

Your getting ripped.

Mine give a 50% discount for cash.

Thu, 12/13/2012 - 21:09 | 3061443 trollin4sukrz
trollin4sukrz's picture

Thats if you can keep the cartels from cuttin off your head.. Take a hellova doctor to sew it back on straight.

Thu, 12/13/2012 - 21:25 | 3061487 Id fight Gandhi
Id fight Gandhi's picture

If you have an emergency you're screwed. Cash patients pay the full rate, sucks big time if its the ER.

Thu, 12/13/2012 - 21:22 | 3061478 dolph9
dolph9's picture

Well yeah I mean in the end industrial medicine is a racket, seeing how its goal is the make people live forever.

Medicine doesn't accept limits anymore than the Bernank does.

And in order to try to achieve this goal, they will try to suck the blood out of...healthy people!  Talk about medieval.

Think about it.  Your rates are going up because the "insurance" is used to pay for dialysis and vents and all manner of drugs and procedures for the elderly and ill who are the conduits through which profits flow to the sector.  The ill certainly aren't paying for it...they're broke.  And the CEO of Blue Cross Blue Shield sure as hell isn't paying.

Medical insurance is a scam.  Because everybody who is insured is guaranteed a payout eventually, the business model makes no sense, and wouldn't survive in a free market.  It is therefore dependent on government subsidy and in the end coercive participation...which makes it fascist.

So they will keep on sucking and sucking until you die from poverty, and once you die from poverty, the system collapses and by that point nobody cares.

Thu, 12/13/2012 - 21:22 | 3061480 Racer
Racer's picture

That's nothing.. mozzarella is up  over 100% in the last couple of weeks, butter by  over 25% whilst the farmers get no increases

Thu, 12/13/2012 - 21:25 | 3061489 squexx
squexx's picture

Meanwhile, as California continues to crash and burn..............

Thu, 12/13/2012 - 21:30 | 3061502 Jack Burton
Jack Burton's picture

The market dictates higher rates, that is the way it should be. Customers do not NEED to buy Blue Cross Blue Shield. It's the best system in the world and these rate increases reflect the magic hand of the market at work.

Thu, 12/13/2012 - 21:43 | 3061527 DaveyJones
DaveyJones's picture

is this the same magic hand that proctologists use?

Call me GoldFinger

Thu, 12/13/2012 - 22:25 | 3061654 JR
JR's picture

Or as Paul Craig Roberts puts it, "What [Obameycare] does is to convert public monies into private profits."

Fri, 12/14/2012 - 03:37 | 3062030 IridiumRebel
IridiumRebel's picture

Best system in the world.....I'll quote you on that.

Thu, 12/13/2012 - 21:31 | 3061504 QQQBall
QQQBall's picture

they are raising mine over 24%

Thu, 12/13/2012 - 21:34 | 3061511 notadouche
notadouche's picture

Wait I thought Obama care was going to push down the prices of insurance, meds and doctor's.  Hmmm.  Hope and change, hope and change.  

Thu, 12/13/2012 - 21:35 | 3061512 strayaway
strayaway's picture

In February 2008, Senator Obama promised that "We are going to work with you to lower your premiums by $2,500. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president." Instead, the average health insurance premium went up $3,000 during his first term. 

Thu, 12/13/2012 - 21:46 | 3061531 DaveyJones
DaveyJones's picture

He would have but then the bankers screwed everything up. That's why he's putting so many of them in jail.

Thu, 12/13/2012 - 23:33 | 3061826 willwork4food
willwork4food's picture

Yes, the massive legal over-time against the  corporate mortgage thieves, the SEC legals, let alone the slime at Goldman have kept them busy. Don't blame them for they are looking out for your welfare.

Thu, 12/13/2012 - 22:58 | 3061747 JR
JR's picture

And it was Democrat Senator Barack Obama, speaking at the inauguration of Goldman Sach’s think tank, the Hamilton Project (cleverly imbedded in the Brookings Institute), who promised his “friend Bob (Rubin)” cuts to entitlements such as Social Security and more NAFTA-type agreements. Looks like he's delivering on this one.

As Galbraith said, according to Lee Lochel, in the end the sum of Neo-Classical Economics is that the poor don’t work because they are paid too much and the rich don’t work because they are paid too little.

How long is it going to take white middle-class Americans to realize they’ve been had; how long before they fight back for a way of life that was unequaled around the world? Somebody has sold the white race a bill of goods. They can demonize you, but to criticize them is a hate crime. Wealth was to be generated from work and growth from investment of savings – not by government taking huge sums of money uinder taxation by force, central planning by money manipulators and welfare for imported low-wage labor working for the bankers and corporatists.


Thu, 12/13/2012 - 21:59 | 3061581 pragmatic hobo
pragmatic hobo's picture

insurance companies are now sanctioned by the government to rape the middle class any which way they see fit. Thank you Mr Obama. No one can sell the middle class down the river as well as you do. What's next? Extending the bush tax cut for the wealthy while increasing age for social security eligibility?

Thu, 12/13/2012 - 22:13 | 3061619 GtownSLV
GtownSLV's picture

How about Cal State or UCLA use some of it's endowment money instead of raising tuitions the next time a little more money is needed... oh wait....

Thu, 12/13/2012 - 22:16 | 3061634 loveyajimbo
loveyajimbo's picture

If Obongo is trying to destroy this country as a sort of Manchurian candidate... he is really quite successful... since his records are sealed, and no whitey has the stones to make an issue of them... get ready for even more fun in the near future...

Thu, 12/13/2012 - 22:49 | 3061724 Jack Burton
Jack Burton's picture

Perhaps he is just following in George Bush's footsteps. The groundwork for destruction of America was well in place after 8 years of war and borrow and spend. Not to mention a fincial system in collapse.

The Parties work in tandum. It is simply a god cop bad cop thing with both working for the same boss.

Fri, 12/14/2012 - 00:28 | 3061780 JR
JR's picture

Fixing the blame on the axiom that everybody does it, first Bush now Obama, misses the story of the decade; namely, Obama is the agent who would destroy root and branch of the country that our Founders built. And that’s saying quite a lot.

Yes, he is a banker puppet but more, he is the predatory mob’s leader come to dismantle everything Jefferson and Madison built and remake a great country into a Third World swamp.

Bush is over; he was bad; he was dumb; he was molded; but he never set out to redo the basic concepts of America as Obama has. And Obama has the blessings of the bankers to do it.

Fri, 12/14/2012 - 14:06 | 3063238 DaveyJones
DaveyJones's picture

not fair to either to give credit to one. This place is falling like any other empire. Like everything else modern, just faster with more global friends.

Thu, 12/13/2012 - 23:09 | 3061772 Platinum_Investor
Platinum_Investor's picture

No Inflation anywhere in sight.  What a scam this government is.  

Thu, 12/13/2012 - 23:24 | 3061804 Dr. Gonzo
Dr. Gonzo's picture

Good thing there's no law on the books that says you have to buy health insurance if you're healthy and don't need it. Oh wait. There is. Obama fixed it. The best fascist crony insider nation in the world... and probably ever. 

Thu, 12/13/2012 - 23:29 | 3061810 blunderdog
blunderdog's picture

Yep.  It was a Obama decree.  He just won the election and said, "everyone will buy insurance," and we're all under his command.

Sucks, huh?

Fri, 12/14/2012 - 04:44 | 3062050 spooz
spooz's picture

You're only healthy until your luck runs out.  Then, if you're uninsured, you may go bankrupt or become a "freeloader". 

Do NOT follow this link or you will be banned from the site!