• Gold Standard I...
    01/12/2016 - 00:57
    Jamie Dimon, JP Morgan ChaseBrian T. Moynihan, Bank of AmericaMichael Corbat, Citigroup I am writing to you to warn you about the disruption that is about to occur in banking.

Caption Contest: "And Then I Said Obamacare Would Lower Insurance Costs"

Tyler Durden's picture




 

"Comedians" in cars...

 

 

or driving Miss 'Crazy'?

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Your rating: None Average: 4.9 (17 votes)
 

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Fri, 01/01/2016 - 17:54 | 6986445 db51
db51's picture

and then I said,  Reggie, is that all you've got....and then it came out of my mouth.

Fri, 01/01/2016 - 17:57 | 6986457 Fester
Fester's picture

I swear I'm a Christian.

Fri, 01/01/2016 - 18:03 | 6986471 Skateboarder
Skateboarder's picture

"Dude, I'm so f**king high lolololo"

"lol me3p0."

Fri, 01/01/2016 - 18:16 | 6986497 N2OJoe
N2OJoe's picture

So I got scholarships as a foreign student while decades later having a cert of live birth forged up by the US govt!

Fri, 01/01/2016 - 18:43 | 6986549 Pinto Currency
Pinto Currency's picture

 

 

There is nothing, nothing that strikes fear into a President like a comedian - especially a comedian that targets political correctness which is Obama's main tool (however pathetic, like Obama, it may be):

http://www.hollywoodreporter.com/news/jerry-seinfeld-political-correctness-will-800912

 

Fri, 01/01/2016 - 19:02 | 6986635 remain calm
remain calm's picture

O: If you tell the American anything that makes it free or cheaper they will buy it, it's how I got elected not once but twice

S: Ya I know they are so stupid, if you just make light of lifes everyday experiences they will make you the richest comedian of all time.

O: Wait if I lie to them and you make them laugh we could take all their money.

S: That is so sad, but true. 

O: Let's do it

S: OK. LOL LOL LOL LOL

O: LOL LOL LOL

Fri, 01/01/2016 - 19:15 | 6986671 espirit
espirit's picture

"But, I love having sex with the Wookie."

Fri, 01/01/2016 - 20:25 | 6986846 Chris Dakota
Chris Dakota's picture

Kaiser (obamacare) kicked me off twice this year and never told me about it.

Now for 2016 they want $880 a month from me, one person.

Im going to pay the penalty.

They could never get this price without the gov paying a lot of it.

Same with the housing bubble, student loans, all of it.

Welcome to the Healthcare Bubble.

Fri, 01/01/2016 - 20:26 | 6986849 Normalcy Bias
Normalcy Bias's picture

I used to like Jerry Seinfeld.

Fri, 01/01/2016 - 22:21 | 6987082 Never One Roach
Never One Roach's picture

The "most admired American."

 

Proof of how *&$*%& up American voters are.

Fri, 01/01/2016 - 22:45 | 6987131 JLee2027
JLee2027's picture

The mob is easy to brainwash. It's the 10% that cannot be tamed the establishment knows will take them out.

Sat, 01/02/2016 - 02:05 | 6987399 OldPhart
OldPhart's picture

"and then, they thought I cared."

Sat, 01/02/2016 - 06:44 | 6987596 VinceFostersGhost
VinceFostersGhost's picture

 

 

 

 

You too can rent out Jerry Seinfeld......if your career is utterly failing give us a call.

 

We also do Bar Mitzvahs.

Sat, 01/02/2016 - 06:50 | 6987607 nmewn
nmewn's picture

“Just what is the handicapped parking situation at the Special Olympics? Is it still just the two spaces?”

Sat, 01/02/2016 - 07:20 | 6987633 OldPhart
OldPhart's picture

It's Venezuela, if you're handi-capable there's a pirana filled river immedeiately to your right.  To your left is the most extreme whorehouse in town, second only to the US emassy.

Sat, 01/02/2016 - 15:29 | 6988637 boattrash
boattrash's picture

I never liked Jerry Seinfeld.

Fri, 01/01/2016 - 20:51 | 6986898 Tom Servo
Tom Servo's picture

You don't have to "pay" the "penalty" just set up your withholding so you owe forthe year - they can only garnish the penalty (tax) from your refund, which if you don't have one, you can tell them to fuck off when the IRS sends you a nastygram demanding payment.

 

There is no other enforcement mechanism, yet.

 

Fri, 01/01/2016 - 22:59 | 6987168 JLee2027
JLee2027's picture

It's worked for Al Sharpton since the 90's.

Sat, 01/02/2016 - 14:32 | 6988519 Occams_Chainsaw
Occams_Chainsaw's picture

There are also 'hardship' exemptions.  Check them out to see if any apply.

Fri, 01/01/2016 - 21:04 | 6986919 MEFOBILLS
MEFOBILLS's picture

Welcome to the Healthcare Bubble.

 

Chris,

Obamacare is pure rent extraction.  It is not bubble economics.

Bubbles are caused by false pricing signals via the credit money system.

For example, housing bubble is hypothecating new credit aimed at houses.  Since housing market is relatively sticky, then prices go up when new credit as demand chases after supply.  New houses are slow to come on line, so the market cannot be considered elastic.

Houses in landlocked areas go up in price the fastest, proof the mechanism.

Student bubbles are students taking out loans to go to college.  There is a future promise the contract, the assumption is that money is available in future to support the improved labor.  However, the credit money in future will drain to nothing as it flys into the ledger.  In other words, the student bubble is self defeating as it times shifts, demanding goods/services today, but the credit is vanished from money supply by the time Student graduates.

Today there is a subprime bubble in car loans.  Subprime buble in cars creates new credit, which then drains into today's debt instruments.  

Healthcare is not being put on double entry ledger, to then create new credit.  OK - in death like situations, maybe people are desperately taking out loans.  

Healthcare cannot be defined as a bubble mechanism.  

Health care is mostly just predatory rent extraction, trying to extract money from ageing well off baby boomers (they are the only ones with money, along with Oligarchs.)

Even without obamacare, the U.S. medical costs are three times Japan, and two times Germany.

These numbers show that U.S. medical is a rent extraction system, which hides its thefts behind high prices.

Fri, 01/01/2016 - 21:45 | 6987020 The Saint
The Saint's picture

"I haven't told anybody yet but I'm going to declare martial law just before the election then stay in office another 10 years or so."

Fri, 01/01/2016 - 22:33 | 6987103 Chris Dakota
Chris Dakota's picture

IT is a bubble.

I can't and won't pay $1760 per month for 2 people.

Most can't, but if the gov pays then I could, but I still won't.

Kaiser could never sell insurance for that much money to self employed people.

Fri, 01/01/2016 - 22:58 | 6987164 MEFOBILLS
MEFOBILLS's picture

Prices can go up due to money chasing after something.  Or, prices can go up through other mechanisms, like monopoly.

In the U.S. drug prices are many times other countries, so there is collusion to get high prices.  Drug companies then use their profits to pay off Doctors, to then prescribe the name-brand medicine.

They also use their profits to advertise, to then get you to ask the Doctor ..."please can I have X medicine."

This is an economics blog, just because something is 1760 a month for two people, doesn't make it a bubble.  

It is rents.  Rents are unearned income. 

They are theives, but they are not creating new credit in a bubble mechanism.

 

Sat, 01/02/2016 - 08:24 | 6987703 tarsubil
tarsubil's picture

You've absolutely nailed it. I realized this when I was at a seminar and the nitwit presenter openly wondered why hep drugs were so cheap overseas and so expensive here. They were being sold to boomers here so the price was set extremely high because the boomers have the money. Rent extraction/thievery/call it what you will.

Fri, 01/01/2016 - 22:53 | 6987145 PoliceThePolice
PoliceThePolice's picture

@Chris Dakota -Look into Liberty HealthShare as an alternative to Obamacare. This is not an endorsement as I don't use it, but I have heard good things. Check them out, do some research and maybe it's a better choice than not having insurance. Anything is better than Barry's healthcare plans IMO....

 

http://www.libertyhealthshare.org/

Sat, 01/02/2016 - 00:48 | 6987322 SFopolis
SFopolis's picture

You in CA?  Me too.  Bronze plan went up $120 / month.  I wanted to go to the Gold Plan this year.... but the $680/ month is a little steep.  WTF?  I'm in favor of Single payer for all.  This is just bullshit.

 

Sat, 01/02/2016 - 06:19 | 6987574 nmewn
nmewn's picture

You could have gotten your precious "single payer" long before ObamaCare.

BY BUYING YOUR OWN HEALTH INSURANCE!

Fucker.

Sat, 01/02/2016 - 06:51 | 6987600 VinceFostersGhost
VinceFostersGhost's picture

 

 

 

Pay up sucker....that means you!

 

If you want to pay mine as well......go nuts....that's my idea of single payer.

Sat, 01/02/2016 - 09:52 | 6987836 venturen
venturen's picture

go ask people in Canada, UK or France how that singler payer thing works. I have lived in the UK...IT IS A DISASTER...friend came within hours of death from an appendix rupture...was sent home 3 times...ended up paying prive or would have died. Wait for operations YEARS! SINGLE PAYER IS A DISASTER. 

Fri, 01/01/2016 - 18:36 | 6986552 SoilMyselfRotten
SoilMyselfRotten's picture

Hey Barack, you ever seen the episode where George has to show he has a black friend...?

Fri, 01/01/2016 - 18:45 | 6986590 zorba THE GREEK
zorba THE GREEK's picture

You don't see that too often....a joo and a mussie laughing together.

Fri, 01/01/2016 - 20:05 | 6986800 Oldwood
Oldwood's picture

Why?

The plan seems to be working beautifully.

Sat, 01/02/2016 - 11:13 | 6987986 Jeffersonian Liberal
Jeffersonian Liberal's picture

Zorba...

No, but what you do see all the times are the JINO leftists creating plantations, getting other minorities onto their plantations, and then continually reminding their plantation slaves that the JINO leftists are their advocates, their providers, their friends.

JINO leftists have kept blacks under their thumb for most of the past 80 years. They do so because they fear them for what they see as their potential barbarism and they want to be able to aim that barbarism at the real enemy of these JINO leftists: white Christians and the Western Civilizations the white Christians created.

Yes, they are still trying to get others on their plantation. Their current prize is the east Indians and they are going for broke to get them on their plantation.

Fri, 01/01/2016 - 20:02 | 6986791 The best Sun
The best Sun's picture

Most transparent administration evaah bitchez!

Fri, 01/01/2016 - 21:28 | 6986926 Uncle Sugar
Uncle Sugar's picture

Then Biden said 'maybe I could play President next'

Fri, 01/01/2016 - 22:26 | 6987087 zorba THE GREEK
zorba THE GREEK's picture

I know Joe, he's really not a bad guy. That's why they won't let him run. Don't believe the hype. 

Fri, 01/01/2016 - 22:34 | 6987107 Abaco
Abaco's picture

Joe is an asshole.

Sat, 01/02/2016 - 03:17 | 6987448 AmericanFUPAcabra
AmericanFUPAcabra's picture

He is. But atleast he called bankers shylocks. That was a pretty funny slip of tongue... on camera...

Sat, 01/02/2016 - 19:48 | 6989405 thetruthhurts
thetruthhurts's picture

...So I told Michelle  "Of course your ass doesn't look too big baby"

Fri, 01/01/2016 - 17:54 | 6986451 homiegot
homiegot's picture

"The little people..."

Fri, 01/01/2016 - 17:55 | 6986454 JustObserving
JustObserving's picture

They gave me the Nobel Prize and I started to bomb the heck out of everyone.

Fri, 01/01/2016 - 18:06 | 6986478 Hedger4Life
Hedger4Life's picture

Motherfucking Classic Observing

Fri, 01/01/2016 - 22:53 | 6987153 CheapBastard
CheapBastard's picture

"yeah, they actualy believed THAT was my birth certificate...yeah, the one I bought on Ebay...."

Fri, 01/01/2016 - 17:56 | 6986455 JustPrintMoreDuh
JustPrintMoreDuh's picture

They actually believe their votes matter! 

Fri, 01/01/2016 - 21:06 | 6986548 Hedger4Life
Hedger4Life's picture

Ive got three for y'all.

1. Then I said Saudi Arabia is heading up the world council for Human Rights.

2. Then I said Black Lives Matter

3. Then Reggie said you really have been more flexible in your second term dear el presidente.

 

Fri, 01/01/2016 - 17:56 | 6986456 ihatebarkingdogs
ihatebarkingdogs's picture

You won't believe the shit I've got planned for white gun owners this last year in office....

Fri, 01/01/2016 - 17:57 | 6986459 The Spanish Amb...
The Spanish Ambassador's picture

Isn't it funny that these two clowns don't have to wear seatbelts?

Fri, 01/01/2016 - 18:13 | 6986494 Sir John Bagot Glubb
Sir John Bagot Glubb's picture

Corzine didn't either.

Fri, 01/01/2016 - 18:15 | 6986504 Renfield
Renfield's picture

Free Corzine!

Fri, 01/01/2016 - 22:23 | 6987084 Never One Roach
Never One Roach's picture

R u referring to The Honorable Corzine?

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