Nancy defends President Obama’s plan to stop Wall Street from gambling with taxpayers dollars
Nancy defends President Obama’s plan to stop Wall Street from gambling with taxpayers dollars and creating the “too big to fail” that forced US taxpayers to rescue them from collapse. As usual, the critics say Wall Street should be free to run amuk and that any regulation of big banks is anti-capitalistic.
Partisan Politics is the Real Pre-Existing Condition
I’ve been watching the autopsy reporting on the Massachusetts Senate race. It’s simply mind boggling. I was on CNBC and Fox Business Network the day of the election trying to predict “what a Brown win means” like everyone else. The next day, we heard it all. The right says it’s a revolt against Obama’s “big government” or his “government takeover of healthcare.” The left says that people were mad that the healthcare bill did not go far enough and should have included a public option or that Martha Coakley blew it by sunbathing in the Bahamas instead of shaking hands in Beantown.
Let’s fly above the whole situation at 40,000 feet and see what we learn.
Clip of Nancy’s CNBC appearance January 19
Check out a clip of Nancy’s appearance with Howard Dean on CNBC this morning.
Reverse the Trigger on the Public Option!
By Nancy Skinner
Big, bold ideas. That’s something that President Obama talked a lot about as a candidate and has tried very hard to deliver as President.
But it turns out that the old Democratic saying about herding cats is really more like herding rats. There is a tiny club of Democrats who feel that voting for a “public option” will somehow limit their “re-election option” and have forced it out of the final bill in the Senate.
For many Democrats, it’s a tortuous choice: Voting for an insurance mandate for individuals without the aggressive competition of a public option could be just a huge windfall for insurance companies that does little to bend the cost curve. On the other hand, “killing the bill” means risking losing a lot of the reforms, protections and insurance for 30 million Americans.
For Republicans, it should also be a tortuous choice: Are you a real fiscal conservative or do you just play one on TV? Because if you are really a fiscal conservative, you know that without real competition in health care costs, the federal budget deficit will go bust. One in six dollars is now spent on health care, and that will soon be one in three. If costs don’t come down; the debt will be 415% of GDP by 2050. Obviously, we would “go banana republic” well before that.
Wall Street should be throwing Tea Parties, demanding the fiscal restraints of the public option to keep interest rates from looking like Argentina’s in the 80’s. It’s only insurance companies that should be “going Palin” on a public option to keep their 483% increase in near monopolistic profits over the last decade flowing.
So now the bill goes to conference with House Democrats having a public option; Senate Democrats without one and the GOP absent a single profile in fiscal courage.
Read More →
Hold the Blue Dogs accountable at BlueDogHunt.com
Friends,
We are in the critical hours for healthcare reform. We all know that a few Democratic Senators are threatening to hold hostage true reform, which must include the public option in order to bring competition into the healthcare market place, reduce premiums and ultimately long-term budget deficits.
The only choice for “fiscally responsible” Senators is the public option because without it, federal spending on healthcare will skyrocket from one in six dollars to one in three. Longterm, our national debt would be close to 400% GDP. That is what we call meltdown.
Cash For Clunkers: (Not cars, I mean banks)
Two developments happened over the last two days.
The House of Representatives passed the oddly named, but very smart “Cash for Clunkers” bill, which will give cash vouchers to people who turn in their low mileage vehicles for higher mileage ones. According to the “Detroit Free Press,” the vouchers would be worth $3,500 if the mileage improvement is at least four miles per gallon for a car or two miles per gallon for a small truck, and $4,500 if the difference is 10 miles per gallon for a car or five miles per gallon for a small truck.
In both cases, the old vehicle must get less than 18 miles per gallon, and new cars must hit at least 22 miles per gallon for a car and at least 18 miles per gallon for a small truck.
My message to my listeners sent out 5-8-2009
Dear Listeners and Friends:
Whether you’ve written me, called into the show or just listened these past few months, I want to thank you from the bottom of my heart for giving me the opportunity to be a part of your lives. So many of you have shared your thoughts with me and made me feel like I touched you in some way — whether you agreed or disagreed with me, we were able to have a dialogue.
Today will be my last show for a while. We have decided to go on hiatus to regroup and spend some time building the Nancy Skinner brand through multiple media — my TV appearances, my blog and the book I’m going to be writing. But, I will be back on the air causing more trouble by the fall, and will keep you up-to-date during the time I’m gone — I will not disappear.
